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African Petroleum has announced the discovery of new oil at the Bee Eater-1 well in Block LB-09 offshore in River Cess County. The well was designed to test the Turonian fan by way of a large step out of 9.5 km, west or the original Narina-1 oil discovery and has encountered 48 metres of Narina equivalent oil bearing Turonian sandstone out of a 135 metre oil interval in line with the Company’s pre-drill expectations.

Reservoir permeability over the hydrocarbon-bearing section of the well were lower than anticipated and further investigation is underway

The joint press release by both African Petroleum and the National Oil Company of Liberia said these results are encouraging and confirming Company hypothesis. It said more studies s and more exploration drilling will be needed before reserves numbers are confirmed and development planned.

In a statement released yesterday, Chief Executive Officer of African Petroleum, Mr. Karl Thomson said the Company has also indicated that it is currently sourcing an alternative right to the Eirk Raude to continue its exploration activities in Liberia.

He added that the extension of the Touronian oil play from the Narina-1 discovery towards Bee Eater-1 is a significant milestone in determining the oil-bearing part of the 300 sq km Touronian fan.

Bee Eater-1 was additionally designed to target the potential of two depper prospective zones in the Cenomanian and Albian, located beneath the Turonian. Oil bearing sandstone was encountered in both zones.

Beer Eater – encountered 14 meters of Albian oil bearing sandstone in the Darter prospect, which extends over 200 sq km. The well-encountered encountered oil bearing stone, won’t dip from the crest of the structure, indicating a potentially large oil column of 800 meters above the well location.

The oil was drilled to a total depth of 4,100 meteres in a water of 1,067 meteres.

Apparently excited, Karl Thomson, Chief Executive Officer said “ After a substantial 9.5 km step out, the success at Bee Eater-1 indicates that the Turonian oil play discovered in Narina-1 extends over a very large area. Finding oil so far down dip on the Darter Albian structure, confirms the significant potential of the Albian play. Discovering oil in our first step of the Cenomanian fan system is also very encouraging for the Egret Cenomanian prospect and the additional Cenomanian prospects identified in following on from Bee Eater-1 and are currently sourcing another drilling rigs.”