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29 May 2012 07:00
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.
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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 |
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