The well will now be suspended as a possible future producer. The GSF Adriatic VI rig will then be moved a short distance to Block 5 of the Etinde Permit to drill a higher risk exploration prospect in the sparsely explored Douala Basin.
Following this second well it is likely that the rig will return to Block 7 and drill an exploration prospect which is located up dip from the adjacent E Field.
Further information on the drilling program will be issued in due course.
Commenting on the test result Kevin Hart, BowLeven's CEO, said
"Whilst further evaluation is required to determine the extent of the IE Field and associated reserves, the result of the IE-2 well has been very encouraging, especially as flow rates were constrained by the test equipment.
The high liquids ratio and excellent deliverability combined with the Field's close proximity to both the Bioko Island LNG facility and the Limbe Power Station, should materially enhance the chance of a commercially viable development"
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