CAP Energy Plc

June 04, 2015 02:00 ET

Final 2D Djiffere Interpretation

                                                                                                    4 June 2015


                                                 CAP ENERGY PLC
                                             ("Cap" or the "Company")

             Final results from interpretation of 3,750km 2D seismic over the Senegal Djiffere licence

Cap Energy PLC, a company listed on the ISDX Growth Market focused on the exploration, production, and development
of  oil  and  gas  primarily  in sub-Saharan Africa, is pleased to announce the final results  of  an  independent
interpretation  by  Gas  Mediterraneo & Petrolio of 3,750km 2D seismic data relating  to  the  Company's  Djiffere
licence (Cap interest 44.1%) in Senegal.

The Djiffere PSC covers an exploration block of 4,459 km2 offshore central Senegal in a highly prospective part of
the  Senegal Gambia Basin. The block is in water depths of between 10m to 250m, and predominantly less than  100m,
while  proven mature oil source rock exists immediately to the west, downdip of the block. The modern  2D  seismic
was  acquired  during  2014  by  the operator, and well ties have been made to the nearest  oil  discoveries.  The
interpretation of 2D data acquired in 2014 has been completed and several structural leads and prospects have been
mapped on the block.

Reservoirs  interpreted to be present in the Djiffere block are relevant to 5 main stages:  Neocomian  limestones,
and clastics in Aptian/Albian, Cenomanian, Campanian, Maastrichtian.

Well-developed shale intervals are found internally within the Lower and Upper Cretaceous as shown at the Rufisque
Dome  wells. These would be effective top-seal for Cretaceous sandstones. In addition Paleogene sediments  consist
primarily  of  marine  shales and carbonates, which provide a top-seal for the underlying Maastrichtian  sandstone

The  largest  prospect is the Antelope structure, a multi-layers three way rollover against a  fault,  which  main
level is estimated to contain prospective resources of 189 mmbo (Pmean recoverable) in Campanian sands and with  a
total all levels estimate of 220 mmbo (Pmean recoverable).

10  more prospects or leads have been identified, with estimated prospective resources (Pmean recoverable) varying
between 4 and 94 mmbo, for a total aggregate of 367 mmbo.

Future plans foresee further study and the acquisition of 3D seismic. 3D data would provide the Joint Venture with
a  better understanding of the main target prospects, improved structural imaging and access to a more robust work
flow which would include amplitude versus offset (AVO) and other attribute analysis. The operator is also planning
to continue to use the RVD ("Rex Virtual Drilling") technology to help reduce risk on the target prospects.

Pierantonio  Tassini,  the Company's Chief Operating Officer, who has 44 years of relevant experience  within  the
sector, has reviewed and approved the technical information contained in this announcement.

The Directors of Cap Energy PLC are responsible for the contents of this announcement.

For further information please contact:

CAP Energy PLC
20 Berkeley Square
London W1J 6EQ
Tel: +44 (0) 20 7491 9196

Peterhouse Corporate Finance Limited
Mark Anwyl
Duncan Vasey
Tel: +44 (0) 20 7469 0930

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