Moni Pulo Limited (MPL), an Indigenous Nigerian Oil and Gas Operator, in conjunction
with TransAtlantic Energy Solutions, LLC (TAES) a Texas based Consulting and
Engineering Firm have successfully completed the Abana Phase IV Drilling Project, in
OML-114 offshore Nigeria. The project consisted of the drilling of one (1) Exploration
Well and the drilling, completion and testing of five (5) horizontal Development Wells.
Completed under budget and ahead of schedule, MPL's Abana Field production has been
increased by 8,000 to 10,000 barrels of oil per day. TAES provided the complete
engineering, logistics and drilling management and wellsite supervision for the program.
MPL has also awarded TAES their Ekwe Phase V Drilling Program, which will consist
of three (3) appraisal wells to be drilled in the same block.
MPL is a 60% shareholder and operator of OML-114 in partnership with Brass
Exploration Nigeria who own the remaining 40% of the shares.
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