7th Feb 2005 15:50
Burren Energy PLC07 February 2005 7 February 2005 Burren Energy plc ("Burren") Drilling Update : Congo (Brazzaville) Burren announces the results of in-fill development wells 1302 and 304 on theM'Boundi field in Congo (Brazzaville). Well 1302 was tested at an initial test flow rate of 3,000 bopd and well 304 wastested at an initial test flow rate of 3,600 bopd. Both wells were on a 40/64inch choke and in both cases production came from the Vandji B reservoir. 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 two principal regions: the Caspianregion of the former Soviet Union and West Africa, with recently addedexploration acreage in Egypt. The company is listed on the London Stock Exchange("BUR"). Burren's total proven & probable oil reserves as announced on 5 April 2004 were133 Mmbbls, (net to the Group on an entitlement basis). An independentrevaluation of reserves will be undertaken and announced at end of the currentfinancial year. In the Caspian region of Turkmenistan, Burren has a 100 percent. working interest in the Nebit Dag PSA, which contains the Burun oil andgas field with net proven and probable oil reserves at 5 April 2004 of 95Mmbbls. In the Republic of Congo (Brazzaville), Burren has working interests inthe M'Boundi, Kouakouala and Pointe Indienne fields with aggregate net provenand probable oil reserves at 5 April 2004 of 38 Mmbbls, of which 36 millionbarrels were in M'Boundi. Significant exploration and development programmes areunderway in Turkmenistan and the Congo. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Burford Capital