Monday, December 18, 2017
Bowleven concluded the necessary agreements with its partners, New Age and Lukoil, to undertake an exploratory drilling campaign in Cameroon next year. The two wells will be drilled on the Etindé license, which covers an area of 2,316 sq km.
The news that agreements to drill were concluded are a welcome development following postponements in both 2016 and 2017.
Bowleven’s management plants to focus on its main assets in Cameroon, which includes its 20% stake in the Etinde permit.