Africa-focused energy company Bowleven announced Monday that its Moambe exploration well, located on the Bomono Permit onshore Cameroon, has encountered hydrocarbons.
The well was drilled to its planned total depth of 5,803 feet and made its discovery in Paleocene (Tertiary) aged target reservoir intervals. Moambe is the second in a two well exploration program on the Bomono Permit and Bowleven announced on July 24, 2015 that the first well in the program, Zingana, also discovered hydrocarbons. The Moambe well will now be tested before further testing takes place at Zingana.
Kevin Hart, Bowleven chief executive, commented in a company statement:
“We are pleased with the discoveries made at Zingana and Moambe. In line with our drill-drill, test-test strategy, preparations are now underway for an extended well test at Moambe. Moreover, the advanced discussions with Actis and Eneo regarding a gas-to-power scheme to supply the nearby Cameroon national grid, demonstrates the strengthened commercial environment for the timely monetization of success at Bomono.”
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