Drilling starts at Afren's Ghanaian well

FTSE 250 oil and gas company Afren has announced that Eni Ghana has started drilling the Nunya-1X exploration well on the Keta black, offshore Ghana, in which it owns a 35% interest.

The Nyunga prospect is a "four-way dip closed structure with a primary reservoir target comprising Upper Cretaceous deep-marine fan sandstones that are analogous to those that have yielded significant discoveries elsewhere along the West Africa Transform Margin," Afren said.

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Chief Executive Osman Shahenshah said: "Having made a successful start to our 2012 exploration drilling campaign with the Okoro East discovery, and with the JS-2 exploration well drilling ahead in the Kurdistan region of Iraq, the Company is firmly engaged in its most active phase of exploration activity to date with multiple wells planned across Afren's core areas, each of which has the potential to materially increase the Company's discovered reserves base."

Shares were trading down 0.37% at 133.5p in early trading.

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