Eland's OML40 ready to ramp up

Eland this morning reported impressive test results from the Opuama-3 well on OML 40. The Long and Short Strings tested at 5,955bopd and 5,067bopd, respectively, and no water. Management now expects Opuama-3 and Opuama-1 to generate gross output to ~14,500bopd. Unfortunately, OML 40 remains shut in as a result of interruptions to third party export facilities. In light of these export issues, the company intends to accelerate plans to barge crude,...

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Sub-Saharan Africa - newsflow update

Gabon Deepwater - Leopard discovery Leopard-1 was drilled on licence BCD10 Shell 75%*, CNOOC 25% Encountered substantial gas column with 200m net gas pay Further appraisal required FLNG? 3-4 tcf may be required, although economics of sales into Europe are marginal Government is also keen to grow domestic gas market Congo Offshore - Eni/NewAge - follow up discovery in Marine XII Minsala Marine discovery Estimated 1bnboe in place, of which...

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