BOWLEVEN has said testing work on a find it made onshore Cameroon has increased confidence the discovery could be big enough to be commercially viable.
The Edinburgh-based company said the Moambe well on the Bomono permit had flowed gas at strong enough rates to justify moving into an extended test programme.
Chief executive Kevin Hart said: "We are pleased with the positive initial flow test results on Moambe which give us increased confidence in the commercial viability of future development plans at Bomono.”
Bowleven made the Moambe find in September. It lies close to the Zingana discovery which Bowleven made in July, with the first well it drilled onshore Cameroon.
The company is also preparing to run an extended well test on the Zingana find.
It has been in talks with the local electricity company Eneos and the Actis private equity business about a plan to supply a gas-to-power development scheme, if testing indicates the finds are big enough to produce enough gas.
Mr Hart said: “We look forward to the Zingana test augmenting the results at Moambe and to progressing gas sales negotiations."
In March Bowleven completed a $250m deal to sell stakes in the Etinde licence offshore Cameroon to the country’s New Age and LUKOIL of Russia.
Bowleven retains a 20 per cent stake in the licence, which contains finds it hopes will be brought into production.
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