Afren Plc (ticker: AFR) and Lekoil (ticker: LEK) jointly announced a major discovery of significant light oil accumulation at the Ogo-1 well located on the OPL 310 license offshore Nigeria. Today’s discovery confirms the extension of the same Cretaceous sandstones that have shown-way for other significant discoveries along the West African Transform Margin.

Well Details

The Ogo-1 well was drilled to 10,518 feet and wire line logs confirmed a gross hydrocarbon section of 524 feet (216 feet of net stacked pay). The well was drilled by AFR as te...

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