JKA 0.00% 0.3¢ jacka resources limited

afren buys into aje? oml113

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    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.


 
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