If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBLVN.L Regulatory News (BLVN)

  • There is currently no data for BLVN

Bomono Operational Update

1 Jun 2015 07:00

RNS Number : 7178O
BowLeven Plc
01 June 2015
 

 

 

 

1 June 2015

 

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

 

Bomono Operational Update

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

 

The Zingana well is the first of two wells in the 2015 exploration programme. Zingana is located 20 kilometres north-west of Douala and will target a Paleocene (Tertiary) aged three-way dip closed fault block that was partially penetrated by shallow wells drilled in the 1950s. The well will be drilled to an estimated target depth of circa 2,000 metres.

 

The second well location, Moambe, just over two kilometres east of Zingana, has been prepared for drilling. The rig is expected to be mobilised to Moambe on completion of drilling and logging activity at Zingana. Testing is expected to be carried out (if appropriate) after the drilling and logging of both wells is complete.

 

As previously announced, the delay to the drilling schedule has been caused by the need to address certain mechanical and control issues with the rig fabric and equipment that were identified during rig-up. These issues related to the top drive and the mud pumping system and have now been resolved.

 

Alongside drilling activity, technical and commercial work is being progressed to evaluate possible development concepts and product offtakers in the event of exploration success.

 

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

EurOil

EurOil Limited, an indirectly wholly owned subsidiary of Bowleven plc, incorporated in Cameroon

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCMMGZKVLZGKZM
Date   Source Headline
26th Jun 200810:27 amRNSHolding(s) in Company
20th Jun 20084:33 pmRNSHolding(s) in Company
16th Jun 20084:27 pmRNSHolding(s) in Company
16th Jun 20083:19 pmRNSHolding(s) in Company
10th Jun 20085:21 pmRNSHolding(s) in Company
6th Jun 200811:38 amRNSHolding(s) in Company
5th Jun 200810:06 amRNSHolding(s) in Company
30th May 20088:45 amRNSTotal Voting Rights
28th May 200812:05 pmRNSAdditional Listing
28th May 200810:05 amRNSOperational Update
27th May 200811:39 amRNSHolding(s) in Company
23rd May 20081:25 pmRNSHolding(s) in Company
19th May 200812:26 pmRNSHolding(s) in Company
14th May 20085:48 pmRNSHolding(s) in Company
13th May 20082:24 pmRNSNotification of Major Interes
12th May 200812:10 pmRNSHolding(s) in Company
28th Apr 200810:33 amRNSHolding(s) in Company
28th Apr 200810:24 amRNSHolding(s) in Company
11th Apr 20085:11 pmRNSHolding(s) in Company
10th Apr 20085:05 pmRNSHolding(s) in Company
10th Apr 20085:02 pmRNSHolding(s) in Company
9th Apr 20085:30 pmRNSHolding(s) in Company
8th Apr 20086:02 pmRNSHolding(s) in Company
8th Apr 20085:55 pmRNSHolding(s) in Company
4th Apr 20085:11 pmRNSTotal Voting Rights
3rd Apr 20087:00 amRNSHolding(s) in Company
28th Mar 200811:24 amRNSResults of Placing
28th Mar 20087:02 amRNSAppointment of Director
28th Mar 20087:02 amRNSInterim Results
28th Mar 20087:02 amRNSProposed Placing
25th Mar 200812:46 pmRNSHolding(s) in Company
10th Mar 20082:27 pmRNSHolding(s) in Company
6th Mar 20085:55 pmRNSHolding(s) in Company
5th Mar 20085:57 pmRNSHolding(s) in Company
4th Mar 20085:24 pmRNSHolding(s) in Company
29th Feb 200812:33 pmRNSHolding(s) in Company
21st Feb 200810:45 amRNSHolding(s) in Company
21st Feb 200810:33 amRNSHolding(s) in Company
21st Feb 200810:26 amRNSHolding(s) in Company
19th Feb 200810:07 amRNSHolding(s) in Company
18th Feb 20085:22 pmRNSHolding(s) in Company
18th Feb 20089:00 amRNSNotice of Results
4th Feb 20087:00 amRNSOperational Update
18th Jan 20084:58 pmRNSDirector/PDMR Shareholding
14th Jan 20083:31 pmRNSHolding(s) in Company
19th Dec 200711:12 amRNSTotal Voting Rights
17th Dec 200712:35 pmRNSDirector/PDMR Shareholding
13th Dec 20074:00 pmRNSResult of AGM
13th Dec 20077:00 amRNSOperational Update
12th Dec 20079:03 amRNSAdditional Listing

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.