RUMOR: Borderlands 3 is a Prequel Set on the Moon

GamePointsNow is reporting that the next game in the Borderlands series is going to be a prequel set on the moon, Elpis, and is said to be taking place between the events of the first and second game.

Oxygen will play a huge role in the game, in fact it's actually going to be lootable in the form of OX -Kits.This adds a whole new layer to the combat with you requiring to manage your own oxygen levels while battling your foes, although it does lead to the option of shattering an enemies helmet to instantly deprive them of precious O2 and gain an advantage.

What do you think; bollocks or totally true? If it is true, are you stoked about the idea of Borderlands on the moon?