22 April 2016 – Africa-focused oil and gas exploration company Bowleven has been awarded a one year extension to its existing Bomono exploration license, onshore Cameroon.
The extension was granted to the firm as it waits for the final award of an Exploitation Authorization (EA) on the asset, the application of which was submitted to the Cameroon authorities prior to the formal expiry of the exploration license Dec. 12, 2015. The EA will allow Bowleven to “enable the progression of development activities” in the region, according to a Bowleven statement.
Commenting on the company’s license extension, a Bowleven spokesperson said in a company statement:
“The interim extension award ensures that the group’s interest in the acreage is maintained while dialogue is ongoing with the Cameroon authorities on the Bomono Exploitation Authorization Application.”