CAP Energy Plc
LSE : CAPP

April 14, 2014 02:00 ET

Start of seismic operations in Senegal Djiffere Offshore Block

                                                                                                            
                                                                                               14 April 2014
                                                                                                GB00BCHWWB79
                                                      
                                               CAP ENERGY PLC
                                          ("Cap" or the "Company")
                                                      
                       Start of seismic operations in Senegal Djiffere Offshore Block

Cap  Energy  PLC,  a  company listed on the ISDX Growth Market focused on the exploration,  production,  and
development of oil and gas in sub-Saharan Africa, is pleased to announce that seismic operations  are  about
to start on the Block Djiffere Offshore (the "Djiffere Offshore License"), offshore Senegal.

The  Djiffere Offshore Licence was awarded in July 2013 to Rex Atlantic Limited (now TAOL Senegal (Djiffere)
Limited ("TAOL Djiffere")) with a 90% interest and Société des Pétroles du Sénégal ("PETROSEN") with  a  10%
interest. Cap, through its wholly owned subsidiary, Sencap Limited, recently acquired a 49% participation in
TAOL Djiffere.

On  31 March 2014, TAOL Djiffere issued a Letter of Award of a 4,000 km full fold 2D seismic survey contract
on  the  Djiffere Offshore Licence to Dolphin Geophysical AS.  The survey, to be carried out by the  seismic
vessel Artemis Atlantic, is planned to commence around 22 April 2014 and to last approximately 35 days.

Commenting on the award of the 2D seismic contract, Lina Haidar, Cap's Chief Executive, said:

"The  acquisition of the seismic data on the Djiffere Offshore License will be an important step forward  in
the  understanding  of  the  potential of the Djiffere Offshore block and we  are  pleased  with  the  quick
implementation of the work programme on the license. We look forward to updating shareholders on progress of
these activities in due course."

Pierantonio  Tassini, the Company's Chief Operating Officer, who has 43 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
Chanelle George, Investor Relations
Tel: +44 (0) 207 491 9196
Email: chanelle.george@capenergyplc.com

Martin Groak, CFO
Tel: +44 (0) 207 491 9196
Email: martin.groak@capenergyplc.com

Peterhouse Corporate Finance Limited
Mark Anwyl and Duncan Vasey
Tel: +44 (0) 20 7469 0930
Email: duncan@pcorpfin.com

CAP Energy PLC
25 Dover Street
London W1S 4LX
Tel: +44 (0) 20 7491 9196
Email: info@capenergyplc.com

Contact Information

  • CAP Energy Plc