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Bomono Drilling Update

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RNS Number : 5161W
BowLeven Plc
19 August 2015
 



 

 

 

19 August 2015

 

Bowleven plc ('Bowleven' or 'the Company')

 

Bomono Drilling Update

Moambe exploration well, Bomono Permit, Cameroon

Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce that drilling operations have commenced on the Moambe exploration well on the Bomono Permit, onshore Cameroon.

 

Moambe, the second well in a two well programme, is located just over two kilometres east of the first well, Zingana, and is a previously undrilled Paleocene (Tertiary) three-way dip fault block targeting multiple sands. The well will be drilled to an estimated target depth of circa 1,620 metres MD.

 

Further petrophysical evaluation on the Zingana discovery well is continuing and as planned the well has been suspended to enable future re-entry and testing.

 

As previously announced, the intention is to drill, log and evaluate both wells prior to determining any testing plan.

 

Further update announcements on drilling activities will be made in due course, as appropriate.

 

 

ENQUIRIES

For further information please contact:

Bowleven plc

Kevin Hart, Chief Executive                                          00 44 131 524 5678

Kerry Crawford, Finance Director       

 

Brunswick Group LLP

Patrick Handley                                                            00 44 207 404 5959

Simon Maine                                                   

 

Macquarie Capital (Europe) Limited (Nomad)                                     

Jon Fitzpatrick                                                              00 44 203 037 2000

Ken Fleming

Nick Stamp

 

 

 

Glossary of Terms:

The following are the main terms and abbreviations used in this announcement:

AIM

the market of that name operated by the London Stock Exchange

Bomono Permit

the production sharing contract between the Republic of Cameroon and EurOil, dated 12 December 2007, in respect of the area of approximately 2,328km² comprising former blocks OLHP-1 and OLHP-2 onshore Cameroon; or, as the context may require, the contract area to which that production sharing contract relates

Bowleven

Bowleven plc (LSE:BLVN) and/or its subsidiaries as appropriate

MD

measured depth

               

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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