OilVoice - Maurel & Prom Announces Positive Results From OMTI-1 Well, Gabon

Maurel & Prom Announces Positive Results From OMTI-1 Well, Gabon

Saturday, August 29, 2009

Maurel & Prom has reported positive technical results in OMTI-1 in Gabon.

Drilled on the north of Onal in Gabon, the OMTI-1 well reached the basement at a depth of 2 203 m. Between 1 300 and 2 100 m it encountered 500m cumulated of good quality reservoirs, 85 m from which put in evidence oil saturation. Samples have been taken and show
a 38° API oil.

The well is currently stopped until technical solutions are available for testing, owing to the salt water content. At this stage, no conclusion may be reached about the commercial discovery.

These results confirm the potential of the north part of the Omoueyi Permit (Maurel & Prom operator, 100%) and reinforce the Group to continue exploration in this zone with the drilling of OMSN-1 well. The drilling will be conducted in the next days to be concluded in mid-October.

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