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Operational Update

21st Nov 2014 07:00

RNS Number : 6309X
Ophir Energy Plc
21 November 2014
 



 

21 November 2014

 

Ophir Energy plc

 ("Ophir" or "the Company")

 

 Operational Update

 

Ophir Energy plc announces an operational update on recent drilling in Tanzania.

 

The Tende-1 well was drilled in East Pande by the Deepsea Metro I drillship in a water depth of 781m to a total depth of 4,153m targeting the Cretaceous-aged Tende prospect. Although gas traces were encountered in the upper strata of the primary objective, wireline logs confirmed that no moveable hydrocarbons were present in this prospect.

 

In the secondary Tikiti objective, the Tende-1 well encountered a gas bearing sandstone. The Company will evaluate the wider impact of this find as it integrates the well results into its understanding of the remaining prospects in the East Pande block.

 

Following the Tende-1 well, the Deepsea Metro I drillship moved to Block 7 where the Mkuki-1 well was drilled to a total depth of 3,204m. The well targeted a Tertiary-aged stratigraphic prospect located in water depths of 1,648m and encountered a high quality sandstone sequence, but no hydrocarbons were present.

 

 

 

Ends

 

 

For Further Enquiries please contact:

 

Ophir Energy plc +44 (0)20 7811 2400

Nick Cooper, CEO

Bill Higgs, COO

Geoff Callow, Head of IR

 

Brunswick Group +44 (0)20 7404 5959

Patrick Handley

Marleen Geerlof

 

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
 
END
 
 
DRLLFFVILFLIFIS

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