- Acal 233.00 0.00
- Ashmr. Gbl.gbp 5.20
-0.05 - Centrica 363.80 -8.40
- Charles Taylor 185.00 -5.00
- Lsl Prop 343.25
+0.50 - Mountfield 1.45 -0.30
- Rolls-royce Hlg 1,162.00 -30.00
- Sportech 80.50 -1.50
- Tribal Grp. 170.25 0.00
Afren reveals disappointing result offshore Ghana
Wednesday, 25th April 2012
Afren has revealed disappointing results from the Nunya-1x exploration well in the Keta block offshore Ghana.The well encountered thick and high quality water bearing reservoirs.
The objective of the Nunya-1x exploration well was to explore a large four-way dip closed Upper Cretaceous prospect in the Keta block, located offshore Ghana.
The well intersected 153 metres of very good quality sandstone reservoirs, however they were interpreted as water bearing.
The well was drilled with the Marianas semi-submersible drilling rig to a total depth of 4,550 metres in a water depth of 1,687 metres.
Afren has a 35% carried interest in the Keta Block and is partnered by Eni (35% and operator), Mitsui (20%) and GNPC (10%).
Chief executive Osman Shahenshah said: "Whilst the Nunya-1x exploration well result is disappointing, it was the first well to test the Upper Cretaceous play on the Keta block and as such has provided important data with which to calibrate and further enhance our understanding of this under-explored block in what still remains a very high potential basin.
"We continue to make excellent progress with our wider exploration programme, which has already yielded two significant discoveries year to date, and look forward next to the results of the Ebok North Fault Block exploration well which has spudded in Nigeria and is drilling ahead towards target."
At 1:04pm: (LON:AFR) share price was -5.9p at 136.8p
Story provided by StockMarketWire.com
Stock Market Update
Thursday, 20th June 2013
MORNING REPORT: The headline index was sharply lower in early deals today, in reaction to ...
Share News
Thursday, 20th June 2013
LSL Property Services, a leading provider of residential property services, incorporating estate agency and surveying ...
Thursday, 20th June 2013
Sportech has announced that Mor Weizer, who represented Playtech on its Board, has resigned. This followed ...
Thursday, 20th June 2013
GSK GLAXOSMITHKLINE PLC ORD 25P value of shares traded £74,315,125 BARC BARCLAYS PLC ORD 25P value of shares ...
Thursday, 20th June 2013
Rolls-Royce has been selected by Philippine Airlines to deliver Trent 700 engines, worth $1.4bn at ...
SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. All share prices are provided by the London Stock Exchange, and are at least 15 minutes delayed.