21 Nov 2014 07:00
21 November 2014
Ophir Energy plc
("Ophir" or "the Company")
Operational Update
Ophir Energy plc announces an operational update on recent drilling in Tanzania.
The Tende-1 well was drilled in East Pande by the Deepsea Metro I drillship in a water depth of 781m to a total depth of 4,153m targeting the Cretaceous-aged Tende prospect. Although gas traces were encountered in the upper strata of the primary objective, wireline logs confirmed that no moveable hydrocarbons were present in this prospect.
In the secondary Tikiti objective, the Tende-1 well encountered a gas bearing sandstone. The Company will evaluate the wider impact of this find as it integrates the well results into its understanding of the remaining prospects in the East Pande block.
Following the Tende-1 well, the Deepsea Metro I drillship moved to Block 7 where the Mkuki-1 well was drilled to a total depth of 3,204m. The well targeted a Tertiary-aged stratigraphic prospect located in water depths of 1,648m and encountered a high quality sandstone sequence, but no hydrocarbons were present.
Ends
For Further Enquiries please contact:
Ophir Energy plc +44 (0)20 7811 2400
Nick Cooper, CEO
Bill Higgs, COO
Geoff Callow, Head of IR
Brunswick Group +44 (0)20 7404 5959
Patrick Handley
Marleen Geerlof
Notes to Editors
Ophir Energy (OPHR.LN) is an upstream oil and gas exploration company which is listed on the London Stock Exchange (FTSE 250). Ophir has an extensive deepwater acreage position in West and East Africa acquired since its foundation in 2004.
The Group's headquarters are located in London (England), with operational offices in Perth (Australia), Dar es Salaam and Mtwara (Tanzania), Malabo (Equatorial Guinea), Libreville (Gabon) and Nairobi (Kenya).
For further information on Ophir, please refer to www.ophir-energy.com