Sapele-3 Exploration Well Drilling Update

Source: www.gulfoilandgas.com 11/1/2011, Location: Africa

Bowleven, the West Africa focused oil and gas exploration group traded on AIM, announces its intention to deepen the Sapele-3 exploration well drilling in the Douala Basin, offshore Cameroon.

Sapele-3 drilling update
The Sapele-3 well is located circa 16 kilometres North West of Sapele-1 and circa thirteen kilometres North West of the D-1r wells. The well is drilling in water depths of approximately 30 metres.

On 14 October 2011, Bowleven announced that the well had encountered oil and gas condensate in the Deep Omicron and D-1r equivalent intervals respectively and that drilling within the Deep Omicron interval was to continue.

A further MDT sampling and extensive sidewall core programme has been carried out. The data acquired will now be evaluated. Casing has now been set and a liner run pending further drilling. Given the optimised well design and progress made operationally with Sapele-3, the current intention, subject to final government approval, is to drill on through the Deep Omicron interval into the Epsilon Complex. The Epsilon Complex was previously drilled with the Sapele-1 exploration well where the presence of both gas condensate and oil were confirmed and represents a highly prospective interval that Bowleven believes warrants further investigation.


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