Bowleven plc Etinde - Rig Contract (6882D)
02 February 2018 - 2:42AM
UK Regulatory
TIDMBLVN
RNS Number : 6882D
Bowleven plc
01 February 2018
1(st) February 2018
Bowleven plc ('Bowleven' or 'The Company')
Etinde - Rig Contract
Bowleven, the Africa focused oil and gas exploration group
traded on AIM, is pleased to announce a key milestone in the
appraisal drilling campaign of its Etinde asset, in which the
Company holds a 25% offshore interest.
The Company's partner, New Age Cameroon Offshore Petroleum S.A.,
a wholly owned subsidiary of New Age (African Global Energy Ltd)
("New Age"), the Operator of the Etinde PSC, has entered into a
contract with Vantage Drilling International, an offshore drilling
contractor for the jack-up rig the "Topaz Driller".
The Topaz Driller, has been contracted for 150 days to perform
drilling services in Cameroon on the Joint Venture's proposed
appraisal wells, on the Etinde licence. Planning for the delivery
of the appraisal wells is ongoing and the Company currently expects
the well IM-6 spud during Q2 2018. The Topaz Driller is currently
in South East Asian waters and will transit to Singapore before
mobilising to Cameroon.
ENQUIRIES
For further information,
please contact:
Bowleven plc
Eli Chahin, Chief Executive 00 44 131 524 5678
Brunswick Group LLP
Patrick Handley 00 44 207 404 5959
Will Rowberry
Cenkos Securities plc
(NOMAD)
Derrick Lee 00 44 131 220 6939
Neil McDonald
This information is provided by RNS
The company news service from the London Stock Exchange
END
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