14th Apr 2005 07:00
Burren Energy PLC14 April 2005 14 April 2005 Burren Energy plc ("Burren") Drilling Update : Congo (Brazzaville) Burren announces the results of in-fill development well 601 on the M'Boundifield in Congo (Brazzaville). The well was tested at an initial test flow rate of 3,441 bopd on a 40/64 inchchoke. ENQUIRIES: Burren Energy PLC Tel: 0207 484 1900Finian O'Sullivan, Chief Executive OfficerAndrew Rose, Finance Directorwww.burren.co.uk Gavin Anderson & Company Tel: 0207 554 1400Deborah Walter / Charlotte Stone Notes to Editors Burren Energy is an independent oil and gas exploration and production group,headquartered in London. It is focused on four principal regions: the Caspianregion of the former Soviet Union, West Africa, North Africa and more recentlythrough a strategic investment stake in the Hindustan Oil Exploration Company,India. The company is listed on the London Stock Exchange ("BUR"). Burren's total proven & probable oil reserves as at 31 December 2004 were 145.7Mmbbls, (net to the Group on an entitlement basis). In the Caspian region ofTurkmenistan, Burren has a 100 per cent. working interest in the Nebit Dag PSA,which contains the Burun oil and gas field with net proven and probable oilreserves of 81.3 Mmbbls. In the Republic of Congo (Brazzaville), Burren hasworking interests in the M'Boundi, Kouakouala and Pointe Indienne fields withaggregate net proven and probable oil reserves of 64.5 Mmbbls. Significantexploration and development programmes are underway in Turkmenistan and theCongo, and exploration is expected to commence in Egypt in 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Burford Capital