Bowleven 'excited' over Cameroon
Releasing a testing update yesterday, the firm said it had successfully completed its planned testing programme on the IE-3 appraisal well.
The well encountered in excess of 134m of hydrocarbon columns, Bowleven added. The rig will now be moved to the Sapele-1 exploration well, which forms part of the Etinde permit. Chief executive Kevin Hart said: "The test results from IE-3 are an exciting start to our multi-well drilling campaign on Etinde. It is highly encouraging to have encountered multiple gas condensate and oil bearing sands."
Bowleven is due to announce its annual results on 9 November.