1st Mar 2010 07:00
Afren plc (AFR LN)
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La Noumbi Exploration Well
1 March 2010
Afren Plc ("Afren" or the "Company") notes the following press release made this morning from Maurel et Prom, Operator of the La Noumbi exploration License, on shore Congo Brazaville, on which Afren has a 14 per cent. participating interest.
"The Tié-Tié-NE-1 well has reached a final depth of 2,550 m in the Djeno formation (Lower Cretaceous). Between 1,775 and 1,875 metres, a siltstone area has shown hydrocarbon indications. As a result of measurements performed at the end of the drilling, it appears that this interval (mainly composed of gas) does not suggest viable commercial development due to its distance from potential markets. The well has therefore been plugged and abandoned."
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Enquiries: |
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Afren plc |
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+44 20 7451 9700 |
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Osman Shahenshah |
Chief Executive |
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Galib Virani |
Head of Acquisitions and Investor Relations |
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Pelham Public Relations |
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+44 20 7337 1500 |
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James Henderson |
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Mark Antelme |
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Finsbury |
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+44 20 7251 3801 |
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Andrew Mitchell Matthew Newton |
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Notes to Editors
Afren is an African focused independent oil and gas exploration and production company
listed on the main market of the London Stock Exchange. Afren has a reserves and contingent resource base of 189 net mmboe with additional prospective resources identified approximately 940 net mmboe, across Nigeria, Côte d'Ivoire, Ghana, Congo Brazaville, Gabon and the Nigeria - São Tomé & Príncipe JDZ.
For further information please refer to www.afren.com.
Related Shares:
AFR.L