BowLeven Spuds IF-1 Exploration Well

Following the success of its IE-2 appraisal well and D-1 exploration well, BowLeven says that drilling has commenced on the IF-1 exploration well located in the Rio Del Rey Basin in Block MLHP 7 of the Etinde Permit in Cameroon.

The primary objective of the IF-1 well is to explore for gas/condensate bearing Isongo Sands in a structure located up-dip from the adjoining IE field. The well will be drilled to a depth of approximately 10,000 feet and total operational time is currently estimated at approximately 6 weeks.

BowLeven holds, through its wholly-owned subsidiary EurOil Limited, a 100% equity interest in the Etinde Permit area being three shallow water blocks in offshore Cameroon, West Africa; namely Blocks MHLP 5, MHLP 6 and MHLP 7. In total BowLeven has approximately 2,300km2 of exploration acreage located across the Rio Del Rey and Douala Basins in the Etinde Permit. BowLeven has operated in Cameroon since 1999.

The IF-1 well is approximately 7.5km away from the IE-2 well location.

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