AGM Statement

RNS Number : 2030Z
BowLeven Plc
13 December 2017
 

 

 

 

 

 

 

13 December 2017

 

Bowleven plc ("Bowleven" or the "Company")

 

Annual General Meeting

 

Bowleven, the Africa focused oil and gas group traded on AIM, will hold its Annual General Meeting today at 11:00am at Hilton Tower Bridge, 5 More London Place, Tooley Street, SE1 2BY 

 

Ahead of the formal business of the AGM, the Board will provide the following strategic update on its activities:

 

Etinde

 

We are pleased to announce that, with the outlined agreement of the Etinde JV partners, we will proceed with the drilling of two appraisal wells in the Etinde reserve in 2018. All partners are closely aligned on well locations and a final decision will be taken in early 2018, following a shallow level drilling hazard assessment and sea bottom survey to identify any immediate issues.  The initial well designs are completed and a tender process is underway to appoint a drilling contractor and other major suppliers.

 

The expected timings of the programme, at this stage, are as follows:

 

•     Final locations to be chosen after the hazards survey has been completed and assessed in Q1 2018

•     Drilling vessel expected to be mobilised on site in Q2 2018

•     IM-6 well spud planned for Q2 2018

•     Two well drilling programmes expected to conclude in Q4 2018

 

Further details of the primary and secondary targets can be found in the AGM presentation which will be uploaded to our website at www.bowleven.com/investor-relations 

 

ENQUIRIES

 

For further information, please contact:

 

Bowleven plc

Christopher Ashworth, Chairman                               00 44 131 524 5678

Eli Chahin, Chief Executive

 

Brunswick Group LLP

Patrick Handley                                                           00 44 207 404 5959

Will Rowberry                                                

 

Cenkos Securities plc (NOMAD)                                           

Derrick Lee                                                                 00 44 131 220 6939

Neil McDonald 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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