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Operational Update

29 May 2012 07:00

RNS Number : 2668E

Bayfield Energy Holdings PLC

29 May 2012

Bayfield Energy Holdings plc

Operational Update

Bayfield Energy Holdings plc (AIM: BEH), an upstream oil and gas exploration and production company with interests in Trinidad and South Africa, announces that since the update on 14 May 2012, well EG7 - in the offshore Galeota Licence Area - has been sidetracked to a total depth of 7,090 (6,678ft TVD). Some thin hydrocarbon bearing sandstones were logged at 5,500ft but due to deteriorating hole conditions, it was not possible to run a sampling tool. The decision was made to plug and abandon the well. Results of well EG7 will be studied and incorporated into the re-evaluation of the EG1/EG7 structure.

-ends-

Bayfield Energy	+44 (0)20 7920 2330
Hywel John, Chief Executive Officer
Seymour Pierce	+44 (0)20 7107 8000
Jonathan Wright/Stewart Dickson (Corporate Finance)
Richard Redmayne/David Banks (Corporate Broking)

FirstEnergy Capital LLP	+ 44 (0)20 7448 0200
Derek Smith / Hugh Sanderson

M:Communications
Patrick d'Ancona	+44 (0)20 7920 2347
Ann-marie Wilkinson	+44 (0)20 7920 2343
Andrew Benbow	+44 (0)20 7920 2344

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSESFWAFESEFI

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3rd Oct 2012	9:10 am	RNS	Form 8.5 (EPT/RI)
2nd Oct 2012	10:49 am	RNS	Form 8.5 (EPT/RI)
1st Oct 2012	9:41 am	RNS	Form 8.5 (EPT/RI)
28th Sep 2012	10:27 am	RNS	Form 8.5 (EPT/RI)
28th Sep 2012	7:00 am	RNS	Half Yearly Report
27th Sep 2012	8:39 am	RNS	Form 8.5 (EPT/RI)
26th Sep 2012	9:06 am	RNS	Form 8.5 (EPT/RI)
25th Sep 2012	10:04 am	RNS	Form 8.5 (EPT/RI)
24th Sep 2012	10:31 am	RNS	Form 8.5 (EPT/RI)
24th Sep 2012	7:00 am	RNS	Update
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20th Sep 2012	9:01 am	RNS	Form 8.5 (EPT/RI)
19th Sep 2012	11:16 am	RNS	Form 8.5 (EPT/RI)
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17th Sep 2012	10:43 am	RNS	Form 8.5 (EPT/RI)
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12th Sep 2012	12:56 pm	BUS	Form 8.3 - Bayfield Energy Holdings plc
12th Sep 2012	10:45 am	RNS	Form 8.5 (EPT/RI)

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