Noble Energy Announces Cheetah Exploration Results Offshore Cameroon
September 25 2015 - 4:20PM
Noble Energy, Inc. (NYSE:
NBL) announced today
that the Cheetah exploration well in the Tilapia license offshore
Cameroon reached the targeted Cretaceous interval and is being
plugged and abandoned. The well encountered both crude oil
and natural gas shows in multiple non-commercial reservoir sands.
Results from the well are being integrated into the Company's
geologic modeling for the remaining prospectivity in the Tilapia
license. The rig, which drilled the Cheetah well to a total
depth of approximately 13,320 feet, will be released at the
completion of well operations.
Noble Energy operated the Cheetah well with a 47
percent participating interest.
Noble Energy (NYSE: NBL) is a global independent oil and natural
gas exploration and production company with total proved reserves
of 1.7 billion barrels of oil equivalent at year-end 2014 (pro
forma for the Rosetta acquisition). The company's diverse resource
base includes positions in four premier unconventional U.S. onshore
plays - the DJ Basin, Eagle Ford Shale, Delaware Basin, and
Marcellus Shale - and offshore in the U.S. Gulf of Mexico, Eastern
Mediterranean and West Africa. Driven by its purpose, Energizing
the World, Bettering People's Lives®, the company is committed to
safely and responsibly providing energy to the world while
positively impacting the lives of our stakeholders. For more
information, visit http://www.nobleenergyinc.com.
Forward Looking Statements
This news release contains certain "forward-looking statements"
within the meaning of federal securities law. Words such as
"anticipates", "believes,""expects", "intends", "will", "should",
"may", and similar expressions may be used to identify
forward-looking statements. Forward-looking statements are
not statements of historical fact and reflect Noble Energy's
current views about future events. They include estimates of
oil and natural gas reserves, estimates of future production,
assumptions regarding future oil and natural gas pricing, planned
drilling activity, future results of operations, projected cash
flow and liquidity, business strategy and other plans and
objectives for future operations. No assurances can be given
that the forward-looking statements contained in this news release
will occur as projected and actual results may differ materially
from those projected. Forward-looking statements are based on
current expectations, estimates and assumptions that involve a
number of risks and uncertainties that could cause actual results
to differ materially from those projected. These risks
include, without limitation, the volatility in commodity prices for
crude oil and natural gas, the presence or recoverability of
estimated reserves, the ability to replace reserves, environmental
risks, drilling and operating risks, exploration and development
risks, competition, government regulation or other actions, the
ability of management to execute its plans to meet its goals and
other risks inherent in Noble Energy's business that are discussed
in its most recent annual report on Form 10-K and in other reports
on file with the Securities and Exchange Commission. These reports
are also available from Noble Energy's offices or website,
http://www.nobleenergyinc.com. Forward-looking statements are
based on the estimates and opinions of management at the time the
statements are made. Noble Energy does not assume any
obligation to update forward-looking statements should
circumstances, management's estimates, or opinions change.
CONTACT: Brad Whitmarsh
(281) 943-1670
brad.whitmarsh@nblenergy.com
John Nicholson
(281) 876-6186
john.nicholson@nblenergy.com
Media Contacts
Reba Reid
(713) 412-8441
media@nblenergy.com
Paula Beasley
(281) 876-6133
media@nblenergy.com
Noble Energy (NYSE:NBL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Noble Energy (NYSE:NBL)
Historical Stock Chart
From Apr 2023 to Apr 2024