4th Oct 2007 07:01
Burren Energy PLC04 October 2007 4 October 2007 Burren Energy Plc Drilling Update : Congo (Brazzaville) Maurel & Prom, operator of the La Noumbi permit, has made the followingannouncement in relation to drilling in Congo (Brazzaville) : On the La Noumbi permit (Maurel & Prom, 49% operator), the exploration wellDoungou-1, whose main objective was the Vandji sandstone reservoir, was pluggedand abandoned. The well was the first to be drilled by the La Noumbi Joint Venture, comprisingMaurel & Prom (operator and 49% working interest), Burren (37% working interest)and Afren (14% working interest). The Doungou well was spudded on 13th August 2007 and reached a total Depth of2,602m (2,168 tvdss) on 26th September 2007. Oil and gas shows were observed in several intervals in pre-salt formations. Acomprehensive logging suite, including pressure tests and sampling data, wasacquired across the intervals of interest. Reservoir quality is poor, due to lowpermeability and the well was plugged and abandoned. The well proves the existence of a working hydrocarbon system at several levelsin an under explored part of Congo Brazzaville, which is encouraging for futureexploration activity. A new 2D seismic data set was recently acquired in the north of the La Noumbilicence covering 200 kilometres in the area adjacent to the Tie Tie oildiscovery. Together with the new data acquired in 2006 and the reprocessedexisting data, these will be interpreted with the benefit of the Doungou wellresults to determine new prospects to be drilled in 2008. Enquiries Burren Energy Tel: 020 7484 1935Atul Gupta, Chief Executive OfficerShona Harvey, Communications Managerwww.burren.co.uk Pelham PR Tel: 020 7743 6676James HendersonAlisdair Haythornthwaite www.pelhampr.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Burford Capital