Bowleven, the West Africa focused oil and gas exploration group listed on AIM, announced that on 14 September 2010 it commenced drilling operations on the Sapele-1 exploration well on block MLHP-5, Etinde Permit, offshore Cameroon.
The targets of the Sapele-1 exploration well are a series of stacked reservoir objectives, from the proven Miocene fairway down to the deeper Cretaceous fairway that is prolific elsewhere West Africa.
The Sapele-1 well is to be drilled to an estimated target depth of circa 4,450 metres and drilling is expected to take approximately 70 to 80 days (excluding testing).
Kevin Hart, Chief Executive, said:
“This is an exciting time for Bowleven as we embark on exploration activity in the Douala Basin, offshore Cameroon. The Douala Basin is an emerging hydrocarbon bearing province and Bowleven’s Cameroon acreage is well positioned to access this opportunity. Sapele-1 will intersect multiple independent exploration targets in both the Miocene and Cretaceous from a single location, with significant implications for the wider potential of the acreage and Bowleven.”
Further update announcements on drilling activities will be made as appropriate. Bowleven is scheduled to announce its preliminary results for the year ended 30 June 2010 on 9 November 2010.
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Source: Bowleven,September 15, 2010,