From WPL Quarterly

Comments re Senegal from WPL quarterly released today.

• The 2017 exploration and appraisal drilling campaign was successfully completed ahead of schedule and under budget. The joint venture is reviewing potential 2018 drilling operations, including drilling the shallow water Rufisque block.

• The SNE North-1 exploration well encountered approximately 10 m of net gas and condensate pay at the primary target and approximately 5 m of net oil pay in a separate and deeper reservoir than the SNE field. Work continues to establish the potential commerciality of this discovery and to integrate the results with the block-wide subsurface information.

• The well result has positive implications for further hydrocarbon potential to the north of the structural trend containing the SNE field and the SNE North-1 discovery well, as well as for broader exploration potential in the offshore blocks.