Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. Viewhere

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
6th Jan 20147:00 amRNSAppointment of Finance Director
20th Dec 20131:04 pmRNSResult of AGM
16th Dec 20137:00 amRNSAppointment of Finance Director
9th Dec 20134:58 pmRNSHolding(s) in Company
5th Dec 20134:44 pmRNSGrant of Directors' Awards
5th Dec 20137:00 amRNSExploration Update
29th Nov 20137:00 amRNSTotal Voting Rights
27th Nov 20135:24 pmRNSHolding(s) in Company
25th Nov 20134:19 pmRNSHolding(s) in Company
21st Nov 20133:32 pmRNSDirector/PDMR Shareholding
20th Nov 20139:54 amRNSDirector/PDMR Shareholding
19th Nov 20132:35 pmRNSHolding(s) in Company
18th Nov 20133:06 pmRNSHolding(s) in Company
18th Nov 20132:57 pmRNSDirector/PDMR Shareholding
13th Nov 201310:04 amRNSDirector/PDMR Shareholding
13th Nov 20139:07 amRNSResult of Issue of Equity
13th Nov 20137:09 amRNSIssue of Equity
13th Nov 20137:00 amRNSPreliminary Results 2013
8th Nov 20135:29 pmRNSHolding(s) in Company
1st Nov 20137:00 amRNSHolding(s) in Company
12th Sep 20135:07 pmRNSDirector/PDMR Shareholding
10th Sep 20131:06 pmRNSHolding(s) in Company
4th Sep 201312:34 pmRNSHolding(s) in Company
2nd Sep 20137:00 amRNSBlocklisting Interim Review
12th Aug 20133:33 pmRNSHolding(s) in Company
6th Aug 201311:48 amRNSHolding(s) in Company
23rd Jul 20137:00 amRNSEtinde Exploitation Authorisation Application
4th Jul 20137:00 amRNSFirst Oil Investment in Bowleven New Ventures
28th Jun 20131:02 pmRNSGrant of LTIP Award
26th Jun 20131:42 pmRNSExecutive Director Appointment
30th May 20135:02 pmRNSDirector Announcement
23rd May 20137:00 amRNSGroup Operations Update
22nd May 20131:49 pmRNSIM-5 - SNH Press Release
20th May 20133:15 pmRNSHolding(s) in Company
22nd Apr 20135:40 pmRNSHolding(s) in Company
19th Apr 20137:00 amRNSIM-5 testing update
15th Apr 20139:47 amRNSHolding(s) in Company
2nd Apr 20137:00 amRNSIM-5 preliminary testing update
28th Mar 20133:11 pmRNSTotal Voting Rights
21st Mar 20134:27 pmRNSHolding(s) in Company
20th Mar 20137:00 amRNSInterim Results Announcement
6th Mar 20137:00 amRNSIM-5 Preliminary Volumetrics Update
1st Mar 20137:00 amRNSBlocklisting Interim Review
25th Feb 20132:40 pmRNSHolding(s) in Company
22nd Feb 20134:43 pmRNSHolding(s) in Company
5th Feb 201311:37 amRNSHolding(s) in Company
30th Jan 201311:10 amRNSIM-5 Drilling Update
28th Jan 20136:05 pmRNSHolding(s) in Company
28th Jan 20133:20 pmRNSCorrection - Holding(s) in Company
16th Jan 20132:49 pmRNSHolding(s) in Company

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.