Eland Oil & Gas reports 'significant' increase in Opuama production
Source - SMW
Eland Oil & Gas reported the Opuama-8 well initial gross production was 6,200 barrels of oil per day (bopd) and at the upper half of production guidance amid strong production from the Opuama field.
The company said that production performance from Opuama field is strong, with gross production from all four wells being circa 22,000 bopd.
The drilling of the Opuama-9 infill well by the OES Teamwork Rig continued, although some delays were reported due to mechanical issues with the rig.
George Maxwell, CEO of Eland, said: 'We are delighted to announce a further significant increase in Opuama production from the successful completion and test of the Opuama-8 infill well. Adding the incremental flow rates from this highly productive well has once again pushed Opuama field to the highest recorded levels in its history.'
'Our focus on the Opuama-9 infill well and the near-term work programme continues and I look forward positively to updating the market further as Elcrest, together with our partner NPDC, achieve more success on the OML 40 license which is becoming one of the largest producing assets of any E&P company on AIM.'
(LON:BOR) Borders Southern Petroleum PLC share price was -0.02p at 3.33p
(LON:CHAR) Chariot Oil Gas Ltd share price was -0.67p at 19.93p
(LON:ELA) Eland Oil Gas PLC share price was +2.8p at 82.1p
(LON:ENQ) EnQuest Plc share price was +0.43p at 31.08p
(LON:GKP) Gulf Keystone Petroleum share price was -0.1p at 114.3p
(LON:GPX) Gulfsands Petroleum PLC share price was 0p at 4.85p
(LON:INDI) Indus Gas Ltd share price was 0p at 339p
(LON:PET) Petrel Resources PLC share price was 0p at 2.75p
(LON:RKH) Rockhopper Exploration PLC share price was -0.2p at 22.9p
(LON:RPT) Regal Petroleum PLC share price was +0.1p at 23.1p