Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Bowleven well test supports gas-to-power plans

The programme is now complete and early indications are the Moambe and Zingana wells produced enough gas to support the company’s initial plans for output of 5-6mln standard cubic feet a day.
Bowleven well test supports gas-to-power plans
Extended well testing supports Bowleven's plans.

Bowleven (LON:BLVN) chief Kevin Hart declared himself “pleased” with the results of extended well testing on the Bomono Permit, onshore Cameroon.

The programme is now complete and early indications are the Moambe and Zingana wells produced enough gas to support the company’s initial plans for output of 5-6mln standard cubic feet a day.

This would then feed into a power generation plan currently being formulated in partnership with private equity firm Actis, which owns Eneo, the state generator.

Bomono is right next to Douala, Cameroon’s second city and the country’s industrial hub.

Those who follow the sector closely will know the pathfinder company in Cameroon gas-to-power is London-listed Victoria Oil & Gas (LON:VOG), which has created its own network in Douala.

Bowleven CEO Hart in a recent interview with Proactive said he has been in contact with Kevin Foo, the VOG boss, for advice and market intelligence.

And he isn’t ruling out some sort of collaboration when Bowleven is able to establish the potential of Bomono, which covers an area of 2,328 square-kilometres.

Of today’s update, Hart said: "We are pleased with the results of the extended flow testing programme at Bomono and are now looking forward to advancing gas sales negotiations and development planning."

Ian_55ae0ddd437b7.jpg


Register here to be notified of future BLVN Company articles
View full BLVN profile

Bowleven Timeline

Article
November 10 2015

Related Articles

1-14355183091_df080f641a_o_55f6c6987df51.jpg
September 14 2015
Europa currently produces hydrocarbons from six wells across three fields UK onshore fields close to Wressle.
windar_photonics_big_pic.png
May 09 2016
Windar Photonics is very much in demand. The share is up more than 40% in the past month, and new orders in China and North America are providing commercial tailwinds.
GDC-Process-Plant-3.jpg
April 28 2016
Boosting reserves for ten years running is no mean feat but Green Dragon Gas says it’s now time to monitise this exploration and investment.

© Proactive Investors 2016

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.