Market Reaction: Neutral. This well has the potential to be transformational for the Company as it has a gross target of 108 mmbbl of oil. Drilling has commenced on the Company's high impact exploration well (WI 35%), Manatee-1, on Bakassi West, Cameroon and is expected to take up to 45 days. 13 prospects and leads have previously been identified from 2D seismic on the concession. The operator believes the location of Manatee-1 has strong geological similarities to the adjacent Abana Field which ....
02 Mar 2016
HIGH IMPACT EXPLORATION WELL ON BAKASSI WEST SPUDS IN CAMEROON
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HIGH IMPACT EXPLORATION WELL ON BAKASSI WEST SPUDS IN CAMEROON
SDX Energy PLC (SDX:LON) | 3.6 0 0.0% | Mkt Cap: 7.47m
- Published:
02 Mar 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: Neutral. This well has the potential to be transformational for the Company as it has a gross target of 108 mmbbl of oil. Drilling has commenced on the Company's high impact exploration well (WI 35%), Manatee-1, on Bakassi West, Cameroon and is expected to take up to 45 days. 13 prospects and leads have previously been identified from 2D seismic on the concession. The operator believes the location of Manatee-1 has strong geological similarities to the adjacent Abana Field which ....