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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Anzon Energy | LSE:AEL | London | Ordinary Share | AU0000XINAI2 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 62.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 4094D Anzon Energy Limited 15 September 2008 ANZON ENERGY LIMITED (CODE: AEL) 15 September 2008 ANZON ENERGY LIMITED ANNOUNCES THAT ITS SUBSIDIARY ANZON AUSTRALIA LIMITED (ASX CODE:AZA) HAS TODAY MADE THE FOLLOWING ASX ANNOUNCEMENT ANZON AUSTRALIA LIMITED (ASX CODE: AZA) BMG B6ST1 STARTS UP TOTAL PRODUCTION INCREASED BY 30% The Basker-Manta-Gummy (BMG) Joint Venture has completed the installation of the 6 inch, 5.5 km flowline from the B6ST1 subsea tree to the Basker manifold. Production from the well commenced to plan on September 8th, and has stabilized at more than 5000 bopd, with a favorable gas oil ratio (GOR) and zero water. Overall production rate from the Crystal Ocean FPSO has now increased from 9,500 bopd to approximately 12,500 bopd, a more than 30% increase. Flow from B6ST1 is primarily from the new shallower oil pool discovery, sand 2872m, which is demonstrating favourable fluid characteristics and reservoir deliverability. Overall production rate from the field continues to be limited by flow constraints in the production riser, which carries a commingled stream of oil, water and gas. The overall higher oil rate has been achieved by substituting the higher GOR Basker 3 crude with Basker 6ST1 low GOR crude. The JV is focusing now on the next phase of development, with an extensive drilling program commencing end of this year and the new FPSO commencing 2nd Qtr 2010, which will enable nearly a doubling of rates. The participants in the BMG Joint Venture are: Anzon Australia Limited 40% (Operator) Beach Petroleum Limited 30% CIECO Exploration and Production (Australia) Pty Ltd 20% Sojitz Energy Australia Pty Ltd 10% For further information please contact: Anzon Energy Limited: Mr Tony Strasser +61 2 9922 7899 Grant Thornton Corporate Finance: Fiona Owen +44 20 7383 5100 This information is provided by RNS The company news service from the London Stock Exchange END MSCUVAWRWWRKARR
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