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Cove reveals further success offshore Mozambique

By BFN News | 08:36 AM | Wednesday 04 April, 2012


Cove Energy has revealed a successful conclusion to appraisal drilling offshore Mozambique with further success at Barquentine-4. The wellis located approximately 30 km north of the Lagosta discovery well at the southern end of the Windjammer/Lagosta/Barquentine/Camarao gas complex in the Rovuma Basin Area 1 block. Cove said 525 net feet (160 metres) of natural gas pay were encountered in Barquentine-4 delineation well which proves the northern extension of the WLBC gas complex. This was the ninth successful well in Area 1 Rovuma offshore and concludes a highly successful WLBC appraisal drilling programme. Chief executive John Craven said: "The appraisal drilling programme has concluded with another success at Barquentine-4 which is an important delineation of the northern part of the Prosperidade gas area. "We have now bookended over 30 kms of proven gas fairway between Barquentine-4 in the north and Lagosta to the south. "We can now look forward to new high impact exploration drilling in the northern section of the prolific Area 1 Rovuma Offshore block whilst at the same time continuing the well flow testing programme." At 8:36am: (LON:COV) share price was +2p at 213.5p Story provided by StockMarketWire.com