From their half year results
http://www.afren.com/download.axd?id=1754
Afren own 75%(ish) of FHN
OML 113
On 17 July 2013, FHN completed the acquisition of a 16.9 per cent. economic interest in OML 113 for a total consideration
of US$40 million. OML 113 is located offshore Nigeria, and is contiguous to the Afren operated OPL 310 block. The Aje
field located on OML 113 was initially discovered in 1996. Three (Aje-1, Aje-2 and Aje-4) of the four wells drilled on the
field have encountered oil and gas in various intervals across the Turonian, Cenomanian and Albian sands, and two (Aje-1
and Aje-2) of the wells have comprehensively tested at commercial rates. The JV Partners estimate the Pmean contingent
resources to be 167 mmboe principally related to the Aje field with an additional 205 mmboe of mean prospective resources
on the block. The JV Partners are considering drilling and commencement of early production on the Aje field with full
field development at a later stage likely in synergy with the recent discovery at OPL 310.
- Forums
- ASX - By Stock
- JKA
- afren buys into aje? oml113
afren buys into aje? oml113
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add JKA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Chairman
Nick Poll
Executive Chairman
Previous Video
Next Video
SPONSORED BY The Market Online