Bowleven’s AGM yesterday included the announcement that the Etinde JV has reached an outline agreement to proceed with appraisal drilling in 2018, with a final decision confirming this to be taken in Q1 2018. Current plans are for the final locations for two wells to be decided on in Q1, mobilisation of a rig in Q2, and drilling to last over Q2 to Q4. The wells will target c.2tcf of gross P50 gas-in-place plus associated liquids (we allow for 1tcf of P50 gross recoverable gas plus 200mm
14 Dec 2017
Etinde appraisal drilling to go ahead in 2018
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Etinde appraisal drilling to go ahead in 2018
Bowleven plc (BLVN:LON) | 0.2 0 0.0% | Mkt Cap: 3.77m
- Published:
14 Dec 2017 -
Author:
Daniel Slater, CFA -
Pages:
3
Bowleven’s AGM yesterday included the announcement that the Etinde JV has reached an outline agreement to proceed with appraisal drilling in 2018, with a final decision confirming this to be taken in Q1 2018. Current plans are for the final locations for two wells to be decided on in Q1, mobilisation of a rig in Q2, and drilling to last over Q2 to Q4. The wells will target c.2tcf of gross P50 gas-in-place plus associated liquids (we allow for 1tcf of P50 gross recoverable gas plus 200mm