19th Oct 2005 09:14
BowLeven Plc19 October 2005 19 October 2005 BowLeven Plc ("BowLeven" or "the Company") Drilling update BowLeven announces that the Manyikebi-1 well (a Biafra sands oil prospect),which commenced drilling on 10 October 2005 has reached total depth. The wellwas drilled to target potential oil reservoirs. It intercepted the predictedsequence of high quality reservoir sands and some 40ft of net gas pay but didnot encounter oil. Wireline logging is currently under way to provide data for a post wellanalysis. After this programme the well will be plugged and abandoned as a small gasdiscovery. The Adriatic IX drilling rig will move on as soon as possible to the Company'snext drilling location, Bachuo-1, an Upper Isongo gas/condensate prospect in thesouthern area of MLHP-7, as detailed in the Company's announcement of 31 August2005. Apart from the removal of a possible Manyikebi-2 appraisal well, the Companydoes not anticipate any impact upon its programme for the 2006/2007 drillingcampaign. For further information contact:Terry Heneaghan, Executive Chairman, BowLeven Plc 0131 260 5100Philip Rhind, Chief Executive, BowLeven Plc 0131 260 5100Adam Westcott, Noble & Company Limited 0131 225 9677Neil Bennett, Maitland 020 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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