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Gabon: Affanga Deep Well Result

27th May 2014 07:00

RNS Number : 0110I
Ophir Energy Plc
27 May 2014
 

 

 

 

Ophir Energy plc

 

 

Gabon: Affanga Deep Well Result

 

London, 27 May 2014: Ophir Energy plc ("Ophir" or "the Company") announces that drilling operations have now concluded on the Affanga Deep-1 well in the Gnondo Block offshore Gabon. Ophir has a 100%* operated interest in the Block.

 

The well was drilled by the Vantage Titanium Explorer drillship to a depth of 4,240m TVDSS and was targeting a number of reservoir intervals of Turnonian and Cenomanian age. The well encountered thinner than expected sandstone sections with poor reservoir characteristics. Gas and indications of liquids were encountered during drilling but significant hydrocarbon shows were not encountered in the target formations.

 

Cuttings have confirmed the presence of a Cenomanian oil prone source rock which may have positive implications for the prospectivity of the wider Ogooué Delta outboard play and for the Deepwater play to the west of this location. Log and cuttings analysis is continuing.

 

The rig will now move to spud the pre-salt Okala prospect on the Mbeli Block. The Okala-1 well is expected to take approximately 40 days to complete.

 

*OMV farm-in for a 30% net interest is subject to Government approval

 

Ends

 

For Further Enquiries please contact:

 

Ophir Energy plc +44 (0)20 7811 2400

Nick Cooper, CEO

Richard Rose, Corporate Communications and Strategy

 

Brunswick Group +44 (0)20 7404 5959

Patrick Handley

Elizabeth Adams

 

Notes to Editors

 

Ophir Energy (OPHR.LN) is an upstream oil and gas exploration company which is listed on the London Stock Exchange (FTSE 250). Ophir has an extensive deepwater acreage position in West and East Africa acquired since its foundation in 2004.

 

The Group's headquarters are located in London (England), with operational offices in Perth (Australia), Dar es Salaam and Mtwara (Tanzania), Malabo (Equatorial Guinea), Libreville (Gabon) and Nairobi (Kenya)

 

For further information on Ophir, please refer to www.ophir-energy.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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