Bowleven Eyes Commercial Development Offshore Cameroon

Bowleven has completed a testing program, compromising multiple drill stem tests over various intervals, on the IE-3 appraisal well on the Etinde permit. The objective of the well was to appraise the extent and communication of the upper Isongo reservoir updip of the previous wells drilled on the IE field, and also to target additional exploration potential of the deeper Isongo reservoirs. The well was drilled to a total depth of 10,000 feet (3,048 meters), encountering 440 feet (134 meters) of gross hydrocarbon columns with 131 feet (40 meters) of net hydrocarbon pay distributed over multiple pay zones, five of which were subsequently tested. The reservoirs encountered in the well include a combination of blocky sands and thin bed pay, while the sand quality varied. The majority of the sand exhibited good porosity and permeability. A further evaluation of the area and the surrounding acreage is necessary before it can be fully interpreted. Bowleven is preparing to conduct a multiple test program, and will announce its preliminary results at a later date. The appraisal well, in Block MLHP-7, is the first in a multi-well drilling program planned for the Etinde permit during 2010. The area comprises three shallow water blocks (MLHP-5, MLHP-6 and MLHP-7) in offshore Cameroon, West Africa.

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