Seismic update

BowLeven Plc 16 June 2005 BowLeven plc (BLVN) Exploration Update BowLeven plc ('BowLeven' or 'the Company') announces today an update on the evaluation of its Cameroon offshore Block MLHP-7 within the Etinde Permit area. The Company has now received the initial interpretation of the 'fast-track' 3D seismic data, acquired earlier this year, over the Company's Block MLHP-7. The data acquired is of a very high quality and has validated the existing play concept for the area. Specifically, the interpretation work thus far has identified a number of promising drilling prospects, along with several leads and plays. The potential drilling targets include both high-grade oil prospects and potentially large gas and condensate reservoirs that could be commercialised. The size of these structures exceeds the Company's previous evaluation of its exploration assets and, if confirmed during the drilling programme, could lead to a substantial enhancement of its reserves. The Company is currently working to complete the 3D seismic interpretation in order to assess fully the likely drilling locations. It is expected that this process will be completed in August 2005 at which point a further update will be made in respect of the drilling strategy, the well locations and the size of the target prospects. As was announced previously, the GlobalSantaFe drilling rig, Adriatic IX, has been contracted to begin drilling in late September/early October this year. Terry Heneaghan, comments 'We are pleased with what we see from this promising initial assessment, which has been delivered to the schedule that we laid out at the time of our IPO last December. The current 'fast-track' interpretation has further increased our confidence in the potential of our asset base. Our acquisition of 3D seismic at the beginning of this year is proving to be an excellent investment and will guide the drilling programme that we will map out at the end of this Summer.' Contact: BowLeven plc Terry Heneaghan 0131 260 5100 Noble & Company Limited James Bromhead 0207 763 2200 Joe Philipsz 0131 243 0400 (07785 255 641) Adam Westcott 0131 243 0459 (07710 458 284) Maitland Neil Bennett 020 7379 5151 (07795 342 999) Liz Morley 020 7379 5151 (07798 683 108) This information is provided by RNS The company news service from the London Stock Exchange

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BowLeven (BLVN)
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