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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Proven | LSE:PPE | London | Ordinary Share | GB00B517XC78 | ORD SHS OF 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
RNS Number:3172X Plectrum Petroleum PLC 29 May 2007 Press Release For immediate release: 29 May 2007 Plectrum Petroleum Plc Seismic operations begin in Tunisia Plectrum Petroleum plc ("Plectrum") is pleased to announce that the seismic vessel MV CGG Princess has commenced a 3,000km 2D seismic acquisition programme on the Nabeul Permit, offshore Tunisia. The programme is expected to take 30 days to complete. The seismic programme is designed to firm up well locations for an initial drilling campaign targeting prospects analogous to adjacent oil fields including the nearby Oudna Field (which has estimated current oil production of over 20,000 barrels per day from a single producer). The programme will also target the significant additional prospectivity anticipated within the Nabeul Permit. Mike Evans, Plectrum's Chief Operating Officer said: "Our reprocessing of original seismic identified twelve prospects on the Nabeul Block. This seismic data will provide a much higher definition of the prospects and allow us to identify exploration drilling locations." For further information, please contact: Plectrum Petroleum Plc www.plectrum.co.uk Mike Whyatt, Executive Chairman 01330 826710 Mike Evans, Chief Operating Officer Aquila Financial Limited www.aquila-financial.com Peter Reilly 020 7202 2601 Yvonne Fraser 020 7202 2609 Notes to Editors: Oudna Field: Oil production commenced from the Oudna field, offshore Tunisia, on 11 November 2006. Production is from a single production well supported by a water injection well both tied back to the IKDAM Floating Production Storage Offloading (FPSO) vessel. The field is operated by Lundin Petroleum AB and its net oil production from the Oudna field (WI 40%) was 10,100 boepd during Q1 2007." This information is provided by RNS The company news service from the London Stock Exchange END MSCKVLFLDEBXBBF
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