Bowleven Makes Discovery in Block 5 Offshore Cameroon

Bowleven has successfully completed the testing of its D-1exploration well located in Block MLHP 5 of the Etinde Permit in the Douala Basin, offshore Cameroon.

The well was targeting a Miocene turbidite channel prospect similar to that found by Noble Energy at its neighboring Belinda discovery. The D-1 prospect comprises multiple turbidite channel sands, only one of which was intersected and tested by the current well.

The well tested both gas and condensate from interbeded high quality sands over a gross measured interval of 75 ft. and flowed at a stable constrained rate of 25 mmcfd and 1400 bcpd (approx 5,570 boepd) through a 1" choke.

The D-1 well was the second successful well of Bowleven's current drilling campaign with the GSF Adriatic VI jackup. The first well, IE-2, was drilled in the Rio Del Rey Basin as a successful appraisal of the IE field. The rig will now be moved to the IF-1 location to drill an exploration well to test a structure updip of the IE field. After completion of this third well the rig will be released due to timing constraints under the drilling contract.

Commenting on the discovery Kevin Hart, Bowleven CEO, said, "I'm delighted with the result of our first well in the relatively unexplored Douala Basin. While the discovery will require further appraisal, I'm extremely excited by the potential highlighted by, both our and Noble Energy's, recent discoveries in the area. The numerous similar Miocene prospects on the acreage together with the deeper Eocene potential combine to make this a very exciting province."


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