REG - BowLeven Plc - Bomono Drilling Update <Origin Href="QuoteRef">BLVN.L</Origin>

BowlevenAnnouncement

19/08/2015 12:50

RNS Number : 5161W
BowLeven Plc
19 August 2015
19 August 2015
Bowleven plc ('Bowleven' or 'the Company')
Bomono Drilling Update
Moambe exploration well, Bomono Permit, Cameroon
Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce that drilling operations have commenced on the Moambe exploration well on the Bomono Permit, onshore Cameroon.
Moambe, the second well in a two well programme, is located just over two kilometres east of the first well, Zingana, and is a previously undrilled Paleocene (Tertiary) three-way dip fault block targeting multiple sands. The well will be drilled to an estimated target depth of circa 1,620 metres MD. 
Further petrophysical evaluation on the Zingana discovery well is continuing and as planned the well has been suspended to enable future re-entry and testing.
As previously announced, the intention is to drill, log and evaluate both wells prior to determining any testing plan.
Further update announcements on drilling activities will be made in due course, as appropriate. 
ENQUIRIES
For further information please contact:
Bowleven plc
Kevin Hart, Chief Executive 00 44 131 524 5678
Kerry Crawford, Finance Director 
Brunswick Group LLP
Patrick Handley 00 44 207 404 5959
Simon Maine 
Macquarie Capital (Europe) Limited (Nomad)  
Jon Fitzpatrick 00 44 203 037 2000
Ken Fleming
Nick Stamp
Glossary of Terms:
The following are the main terms and abbreviations used in this announcement:
AIM
the market of that name operated by the London Stock Exchange
Bomono Permit
the production sharing contract between the Republic of Cameroon and EurOil, dated 12 December 2007, in respect of the area of approximately 2,328km comprising former blocks OLHP-1 and OLHP-2 onshore Cameroon; or, as the context may require, the contract area to which that production sharing contract relates
Bowleven
Bowleven plc (LSE:BLVN) and/or its subsidiaries as appropriate
MD
measured depth

This information is provided by RNS
The company news service from the London Stock Exchange
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