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."