Bomono Farm-out Extension

RNS Number : 6693A

BowLeven Plc

02 January 2018

 

2 January 2018

Bowleven plc ('Bowleven' or the 'Company')

Bomono Farm-out Extension

On 6 March 2017 Bowleven Plc, the African focused oil and gas company, announced that the Company and Victoria Oil and Gas Plc ("VOG"), had signed a farm-out agreement ('the Agreement') relating to the Bomono production sharing contract.

On 17 September 2017 VOG elected to exercise its option to extend the termination date of the Agreement to 31 December 2017.

The Company now confirms that whilst the current agreement lapsed on the 31st December 2017, that discussions continue regarding progressing work with the Government of Cameroon to advance the Bomono project.

ENQUIRIES

For further information, please contact:

Bowleven plc

Eli Chahin, Chief Executive                                           00 44 131 524 5678

Brunswick Group LLP

Patrick Handley                                                            00 44 207 404 5959

Will Rowberry                                                 

Cenkos Securities plc (NOMAD)                                            

Derrick Lee                                                                  00 44 131 220 6939

Neil McDonald

 

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