Jasper Explorer Drillship En Route to Congo

Drillship “Jasper Explorer” has begun its mobilization from Spain to the Republic of Congo where it will start its drilling contract with CNOOC Congo SA. The drillship is expected to arrive in Point Noire by mid April to prepare for drilling operations.

The drilling contract between Jasper Investments and CNOOC was signed in January 2013. Under the contract, the Jasper Explorer will drill two firm wells plus one option well in offshore Republic of Congo, West Africa. The program duration for the two firm wells is anticipated to be  about 100 days excluding any well testing.

The estimated contract value, based on the program duration for the two firm wells plus mobilization and demobilization fees, is approximately USD33 million.