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Afren

Operations

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  Block 1
Working Interest 4.41%
Production Start-up -
Production Peak (bopd) -
Operator Chevron
Work Programme Exploration

JDZ Block 1

Afren holds a 4.41% net working interest in the JDZ Block-1 exploration licence through a 49% equity interest in Dangote Energy Equity Resources Limited. The Obo-1 well was drilled early in 2006, and discovered both oil and gas with a total of 150ft of net pay.

Operations Update

Technical studies are ongoing on Block 1 prior to further drilling.

Exploration drilling on the adjacent Blocks 2, 3 and 4 is expected in 2009 and further drilling on Block 1 will, most likely, commence after the neighbouring drilling activity has been completed.