BOR Border Petroleum Limited

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES.


Border Petroleum Corp. ("Border" or the "Corporation") (TSX VENTURE:BOR) is
pleased to announce that it has commenced drilling operations on its initial
Slave Point horizontal well in the Red Earth area of northwestern Alberta under
a permit covering 18,560 acres of Loon River Cree Nation Lands. Border plans to
drill the well to a true vertical depth of approximately 1400 meters plus a
minimum 500 meter horizontal leg. The Corporation plans to mechanically
stimulate the well as soon as possible after drilling utilizing multi-stage frac
technology. Border has licenced a second Slave Point horizontal well and plans,
subject to weather and availability of services, to drill the well in March
2012.


Forward-Looking Statements

The forward-looking statements contained in this document are based on certain
key expectations and assumptions made by Border. Although Border believes that
the expectations and assumptions on which the forward-looking statements are
based are reasonable, undue reliance should not be placed on the forward-looking
statements because Border can give no assurance that they will prove to be
correct.


Since forward-looking statements address future events and conditions, by their
very nature they involve inherent risks and uncertainties. Actual results could
differ materially from those currently anticipated due to a number of factors
and risks. These include, but are not limited to, the failure to obtain
necessary regulatory approvals, risks associated with the oil and gas industry
in general (e.g., operational risks in development, exploration and production;
delays or changes in plans with respect to exploration or development projects
or capital expenditures; the uncertainty of reserve estimates; the uncertainty
of estimates and projections relating to production, costs and expenses, and
health, safety and environmental risks), commodity price and exchange rate
fluctuations and uncertainties resulting from potential delays or changes in
plans with respect to exploration or development projects or capital
expenditures. 


The forward-looking statements contained in this document are made as of the
date hereof and Border undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.

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