16th Nov 2005 07:00
BowLeven Plc16 November 2005 16 November 2005 BowLeven Plc ('BowLeven' or 'the Company') Rig Secured for 2006/7 Drilling Programme BowLeven announces today that the Company has signed a drilling contract withGlobalSantaFe Corporation ('GlobalSantaFe') to continue its drilling campaignoffshore Cameroon, West Africa. The agreement covers the drilling of four wells as part of the 2006/7 drillingprogramme and the GlobalSantaFe rig Adriatic VI is expected to come on contractto BowLeven in November 2006. The drilling targets for the 2006/7 drilling programme will be decided aftercompletion of the interpretation of the 3D seismic data over Block MLHP-7 andthe acquisition, processing and interpretation of seismic data over Blocks MLHP-5 and -6 of the Etinde Permit. After integration of the results of the 2005drilling programme and the interpretation of the new seismic data the Companywill consider several options including appraisal and development drillingoptions. Philip Rhind, Chief Executive of BowLeven, said "We are pleased to have secured the GSF Adriatic VI to continue our 2006drilling campaign. Despite the recent results from the Manyikebi-1 well, weremain confident that we will deliver success with the drill bit." For further information contact: Philip Rhind, Chief Executive, BowLeven Plc 0131 260 5100 Adam Westcott, Noble & Company Limited 0131 225 9677 Neil Bennett, Maitland 020 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BLVN.L