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(Sharecast News) - Nigeria-focussed oil and gas exploration, development and production company San Leon Energy said on Friday that its investee company Decklar Resources had contracted a drilling rig for re-entry and testing operations on the Oza-1 well.
The AIM-traded firm said mobilisation was expected to begin next week.
It said camp and logistics equipment required for the well re-entry was currently being staged on site.
Long-lead equipment items required to test and complete the Oza-1 well re-entry had been ordered, it added, with service contractors sourced and secured.
"We are pleased with the progress being made and look forward with anticipation to the commencement of Oza-1 re-entry operations, testing, completion, and initial production at the Oza Field," said Decklar chief executive officer Duncan Blount.
"These initial operations at the Oza Oil Field represent a milestone culminating from considerable effort and preparation for the initial development activities at the Oza Oil Field with [our partner] Millenium."
At 1318 BST, shares in San Leon Energy were up 0.63% at 40p.
28 Jan 2014 08:15
UK MORNING BRIEFING: Shares Open Higher; F&C Agrees Takeover Deal
LONDON (Alliance News) - Shares have opened higher Tuesday ahead of UK GDP figures at 0930 GMT.
A day after confirming an approach by Bank of Montreal, F&C Asset Management said Tuesday it has agreed to be taken over by the Canadian bank in a GBP708 million deal