Bomono Farm-out Extension

RNS Number : 0945K

BowLeven Plc

04 July 2017

 

4 July 2017

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

Bomono Farm-out Extension

On 6 March 2017 Bowleven plc, the Africa focused oil and gas exploration group, announced that the Company and Victoria Oil & Gas Plc ('VOG'), an integrated energy company with operations in Cameroon, had signed a farm-out agreement ("the Agreement") relating to the Bomono production sharing contract ('Bomono PSC').

The Company is pleased to confirm that discussions regarding the proposed farm-out are progressing and Bowleven and VOG continue to work with the Government of Cameroon to advance the Bomono project.  Consequently, VOG has elected to exercise its option to extend the termination date of the Agreement to 28 September 2017.

Further details on the Agreement are set out in the RNS made by the Company on 6 March 2017.

ENQUIRIES

For further information, please contact:

Bowleven plc

Christopher Ashworth, Chairman                                  00 44 131 524 5678

Eli Chahin, Chief Executive

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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