REG - BowLeven Plc - Bomono Licence Extension Granted <Origin Href="QuoteRef">BLVN.L</Origin>

BowlevenAnnouncement

22/04/2016 07:05

RNS Number : 9850V
BowLeven Plc
22 April 2016
22 April 2016
Bowleven plc ('Bowleven' or 'the Company')
Bomono Licence Extension Granted
Bowleven, the Africa focused oil and gas exploration group traded on AIM announces that it has been awarded a one year extension to the existing Bomono exploration licence, onshore Cameroon, pending the final award of an Exploitation Authorisation (EA).
The Bomono Exploitation Authorisation Application (BEAA) was submitted to the Cameroon authorities prior to the formal expiry of the exploration licence on 12 December 2015 to enable the progression of development activities. 
The interim extension award ensures that the Group's interest in the acreage is maintained while dialogue is ongoing with the Cameroon authorities on the BEAA.
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
Notes to Editors: 
Bowleven is an African focused oil and gas exploration group, based in Edinburgh and traded on AIM. Bowleven's vision is to build an African focused exploration and production company focused on creating and realising material value through exploration-led organic growth and niche acquisitions. Bowleven holds equity interests in three blocks in Cameroon, with one block located offshore in shallow water (operated by NewAge) and two onshore (operated by Bowleven).
Bowleven, operator, has a 100% equity interest in the Bomono Permit. 
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
BEAA
Bomono Exploitation Authorisation Application
Bomono Permit
the production sharing contract between the Republic of Cameroon and EurOil dated 12 December 2007 in respect of the area of approximately 2,328km2 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

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