Maurel & Prom : Positive Technical Results in OMTI-1 in Gabon

By Prne, Gaea News Network
Wednesday, August 26, 2009

PARIS - Drilled on the north of Onal in Gabon, the OMTI-1 well, reached the basement at a depth of 2 203 m. Between 1 300 and 2 100 m, it encountered 500 m cumulated of good quality reservoirs, 85 m from which put in evidence oil saturation. Samples have been taken and show a 38degrees API oil.

The well is currently stopped until technical solutions are available for testing, owing to the salt water content. At this stage, no conclusion may be reached about the commercial discovery.

These results confirm the potential of the north part of the Omoueyi Permit (Maurel & Prom operator, 100%) and reinforce the Group to continue exploration in this zone with the drilling of OMSN-1 well. The drilling will be conducted in the next days to be concluded in mid-October

For more information, visit www.maureletprom.fr

This document may contain forward-looking statements regarding the financial position, results, business, and industrial strategy of Maurel & Prom. By nature, forward-looking statements contain risks and uncertainties to the extent that they are based on events or circumstances that may or may not happen in the future. These projections are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors such as, fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism or sabotage.

Maurel & Prom is listed for trading on Euronext Paris - Compartment A - CAC mid 100 Index Isin FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA Upcoming meetings: 10/09/2009 First half 2009 Results - SFAF Presentation 29/10/2009 Third-quarter 2009 Revenue

Communication: INFLUENCES, +33-1-42-72-46-76, communication@agence-influences.fr

Source: Maurel & Prom

Communication: INFLUENCES, +33-1-42-72-46-76, communication at agence-influences.fr

Filed under: Energy, Oil

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