Bowleven gets Bomono extension

Bowleven, the Africa-focused oil and gas firm, has been given another year to meet its commitment to drill two exploration wells on the Bomono permit onshore Cameroon, writes Mark Williamson.

The Edinburgh-based company said the authorities in the West African country have granted a one year extension to the Bomono exploration licence, to 12 December 2015, to allow for the completion of operations.

Bowleven added that preparations for a two well drilling programme on Bomono are underway. The company said a rig has been mobilized to Cameroon and drilling operations are expected to commence around the end of the year.

Before the permit was extended the company had a commitment to drill two wells on Bomono by December 2014. Bowleven is awaiting approval from Cameroon's President Biya for a deal to sell stakes in the Etinde permit off the country for a total $250m, which it agreed in June.