Ophir Energy Plc Ayame-1X Well Result (0680F)
May 15 2017 - 1:00AM
UK Regulatory
TIDMOPHR
RNS Number : 0680F
Ophir Energy Plc
15 May 2017
15 May 2017
Ophir Energy plc
("Ophir")
Ayame-1X Well Result
Ophir announces that the Ayame-1X exploration well in Block 513,
Cote D'Ivoire, has reached total depth of 5,394m True Vertical
Depth Sub Sea. The well was targeting a number of turbidite channel
complexes of Santonian and Turonian age. The prospective reservoir
intervals were encountered as prognosed. Oil shows were recorded in
the target reservoirs, but significant hydrocarbons were not
encountered.
To date the operation has been conducted without incident,
having successfully drilled and cased the longest riser-less
surface section in the region and reached TD in the subsequent hole
section with a single bit run (another basin first). Operations are
forecast to complete by the 22(nd) May at an estimated final cost
of $20.5 million gross.
Full analysis and interpretation of the data is ongoing, but the
well will be plugged and abandoned as a dry hole. Ophir has a 45%
operated interest in Block 513.
For further enquiries please contact:
Ophir Energy plc + 44 (0) 20 7811 2400
Nick Cooper, CEO
Tony Rouse, CFO
Geoff Callow, Head of IR and Corporate Communications
Brunswick (PR Adviser to Ophir) +44 (0)20 7404 5959
Patrick Handley
Wendel Verbeek
About Ophir:
Ophir Energy is an independent Upstream oil and gas exploration
and production company focused on Africa and Asia. It is listed on
the London Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
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