Angola Drilling Update

RNS Number : 7889Q

Genel Energy PLC

04 September 2014

 



4 September 2014

Genel Energy plc

Angola Drilling Update

Genel Energy plc ('Genel') announces that the Dilolo-1 exploration well on Block 39 offshore Angola (Genel 7.5% working interest) is in the process of being plugged and abandoned after failing to encounter hydrocarbons.

Although further studies are needed in order to fully understand the results, the well has provided a useful calibration for other prospects on Block 39.

The Stena Carron drillship will now move to Block 38 (Genel 7.5% working interest) to spud the Jacaré-1 exploration well.

-ends-

For further information, please contact:

Genel Energy Phil Corbett, Head of Investor Relations Andrew Benbow, Head of Public Relations	[phone]
Vigo Communications Patrick d'Ancona	[phone]

Notes to editors:

Genel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL). The Company, with headquarters in London and additional offices in Ankara and Erbil, is the largest independent oil producer and the largest holder of reserves in the Kurdistan Region of Iraq and, through value-accretive acquisitions, is building a high impact exploration portfolio within the Middle East and Africa.  For further information, please refer to www.genelenergy.com. 

 

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