GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCabot Energy Regulatory News (CAB)

  • There is currently no data for CAB

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

French Guiana GM-ES-5 Well Completion

13 Nov 2013 07:00

RNS Number : 8595S
Northern Petroleum PLC
13 November 2013
 



Embargoed for release: 13 November 2013 at 07.00

 

Northern Petroleum Plc ("Northern")

French Guiana GM-ES-5 Well Completion

 

Northern Petroleum Plc (AIM:NOP) announces that GM-ES-5, the final well of the 2012 -2013 four well exploration programme in the Guyane Maritime Permit (offshore French Guiana) has been drilled to a total depth of 6,460 metres and the well will now be plugged and abandoned. Reservoir evaluation work has been conducted and the reservoir sequences were encountered as expected but with no evidence of hydrocarbons.

The Joint Venture will now integrate the data from all five wells with the 3D seismic to determine future exploration plans on this licence, which covers 24,100 square kilometres. Once the drill ship, the Stena ICEMax, has completed the abandonment operations it will move to a location outside French Guiana and be off contract from the Joint Venture.

Northern currently owns an effective 1.3 per cent equity interest in the Guyane Maritime Permit through its 52% holding in Northpet Investments Limited ("Northpet"), a joint venture with Wessex Exploration PLC. Northpet holds a 2.5 per cent equity interest in the Guyane Maritime Permit with partners Shell, (Operator), holding 45 per cent, Tullow Oil holding 27.5 per cent and Total holding 25 per cent.

Keith Bush, Chief Executive Officer, commented:

"With the completion of this well, the Joint Venture will now concentrate on the integration of the data gathered over the last two years in French Guiana. This will enable Northern to establish the value of the licence to the company and determine the best route to realise that value."

In accordance with AIM Rules - Guidance for Mining and Oil & Gas Companies, the information contained in this announcement has been reviewed and signed off by the Exploration and Technical Director of Northern, Mr Graham Heard CGeol. FGS, who has over 35 years' experience as a petroleum geologist. He has compiled, read and approved the technical disclosure in this regulatory announcement. The technical disclosure in this announcement complies with the SPE/WPC standard.

For further information please contact:

Northern Petroleum Plc Tel: +44 (0)20 7469 2900

Keith Bush, Chief Executive Officer

Nick Morgan, Finance Director

Graham Heard, Exploration and Technical Director

 

Westhouse Securities (Nomad and Broker) Tel: +44 (0)20 7601 6100

Richard Baty, Corporate Finance

Ian Napier, Corporate Broking

 

FTI Consulting Tel: +44 (0)20 7831 3113

Edward Westropp, Shannon Brushe

 

Note to Editors:

Northern is an oil and gas company currently holding licences in countries of relatively low political risk and is continuing with its strategy of adding and securing value for shareholders as it enters into projects at all stages of the exploration and production value chain. Comprehensive information on Northern and its oil and gas operations, including press releases, annual reports and interim reports are available from Northern's website: www.northpet.com.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCDLLFFXFFEFBE
Date   Source Headline
30th Jun 20082:30 pmPRNResult of AGM
30th Jun 20087:00 amPRNAGM Statement
16th Jun 20087:45 amPRNBoard Appointments at ATI Oil Plc
5th Jun 20088:53 amPRNNotification of Shareholding
5th Jun 20088:50 amPRNNotification of Shareholding
2nd Jun 20087:00 amPRNExtension of Loan Facility to ATI Oil Plc
20th May 200810:55 amPRNNotification of Shareholding
15th May 20088:57 amPRNNotification of Shareholding
14th May 20085:47 pmPRNDirector/PDMR Shareholding
14th May 20087:00 amPRNPlanning permission to drill extension of oil field
12th May 20087:01 amPRNUnaudited Preliminary Results
9th May 20084:13 pmPRNNotice of Results
30th Apr 20087:00 amPRNTotal Voting Rights
2nd Apr 20087:00 amPRNOperations Update
31st Mar 200811:07 amPRNNotification of Shareholding
10th Mar 20086:16 pmPRNCorrection : Adriatic Resource Upgrade
10th Mar 20087:00 amPRNAdriatic Resource Upgrade
1st Feb 20083:40 pmPRNNotification of Shareholding
29th Jan 20088:09 amPRNAward of Fifth Italian Licence
15th Jan 200810:19 amPRNHolding(s) in Company
14th Jan 200812:20 pmPRNHolding(s) in Company
9th Jan 20087:00 amPRNHolding(s) in Company
28th Dec 200712:29 pmPRNAppointment of Broker
20th Dec 200710:49 amPRNIssue of Warrants
4th Dec 20072:38 pmPRNRovesti Update
30th Nov 20079:25 amPRNTotal Voting Rights
21st Nov 200712:53 pmPRNHolding(s) in Company
14th Nov 20074:15 pmPRNHolding(s) in Company
7th Nov 20073:15 pmPRNDirector/PDMR Shareholding
6th Nov 20073:27 pmPRNAdditional Listing
1st Nov 200711:05 amPRNDirector/PDMR Shareholding
31st Oct 20077:00 amPRNTotal Voting Rights
30th Oct 200712:07 pmPRNAdditional Listing
29th Oct 20076:00 amPRNChange of Registered Office
26th Oct 20077:00 amPRNATI Loan Extension
18th Oct 20078:57 amPRNDirector/PDMR Shareholding
10th Oct 20073:57 pmPRNHolding(s) in Company
4th Oct 20077:00 amPRNGiove P2 Reserves
2nd Oct 20077:00 amPRNDyas Agreement Completed
27th Sep 20077:00 amPRNHalf-yearly Report
25th Sep 200712:02 pmPRNNotice of Results
11th Sep 20075:51 pmPRNHolding(s) in Company
11th Sep 20077:00 amPRNAward of Italian Licences
5th Sep 20078:29 amPRNHolding(s) in Company
29th Aug 20078:50 amPRNHolding(s) in Company
28th Aug 20078:30 amPRNHolding(s) in Company
20th Aug 200712:00 pmPRNPreliminary Production Testing of Avington-3z Well
17th Aug 20074:55 pmPRNAIM Rule 26 Website
31st Jul 200711:25 amPRNAdditional Listing and Total Voting Rights
30th Jul 20077:00 amPRNTransfer of Licences

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.