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French Guiana Update

24 Aug 2011 07:15

RNS Number : 9015M
Wessex Exploration plc
24 August 2011
 



WESSEX EXPLORATION PLC

(AIM: WSX)

French Guiana Update

 

Wessex Exploration PLC ("Wessex Exploration" or "the Company") notes the Half Yearly Results of Tullow Oil PLC ("Tullow") made today in respect of progress on the Guyane Maritime block in which Wessex Exploration holds a 1.25 per cent. interest, which included the following statement:

 

French Guiana

 

The ENSCO 8503 rig commenced drilling the Jubilee-type Late Cretaceous Zaedyus prospect in March. The objective of this wildcat well is to test the Jubilee play across the Atlantic in a new potential hydrocarbon province where Tullow has secured a commanding acreage position. Delays have occurred during the drilling of this deepwater wildcat well for a number of reasons; in particular, issues have arisen from drilling in a new basin with little or no comparative data. The rig also had to handle periods of increased ocean currents and some hole instability. The final section of the well is now being drilled and results are expected in September.

 

Wessex Exploration confirms that it has adequate funds to meet its financial obligations with regard to the drilling of the current GM-ES-1x well on the Zaedyus prospect.

 

Contacts

Wessex Exploration PLC

www.wessexexploration.com

David Bramhill - Non Executive Chairman

+44 (0) 778 716 0682

WH Ireland Limited

www.wh-ireland.co.uk

John Wakefield / Marc Davies

+44 (0) 117 945 3470

Yellow Jersey PR

+44 (0) 776 853 7739

Dominic Barretto

dominic@yellowjerseypr.com

 

 

 

 

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCPGUCPRUPGGAW
Date   Source Headline
1st Dec 20117:00 amRNS£12 million Placing
9th Nov 20117:05 amRNSGuyane Update
31st Oct 20117:00 amRNSWestern Sahara Assurance Agreement
31st Oct 20117:00 amRNSAgreement with SADR
27th Oct 20117:00 amRNSFinal Results
5th Oct 20118:02 amRNSHolding(s) in Company
23rd Sep 20118:51 amRNSHolding(s) in Company
9th Sep 20114:54 pmRNSHolding(s) in Company
9th Sep 20117:05 amRNSNew French Guiana Offshore Oil Discovery
24th Aug 20117:15 amRNSFrench Guiana Update
28th Mar 20117:00 amRNSHalf Yearly Report
24th Mar 20114:39 pmRNSHolding(s) in Company
24th Mar 20114:39 pmRNSHolding(s) in Company

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