Africa (Sub-Sahara) Bowleven's Moambe exploration well on the Bomono Permit onshore Cameroon has encountered hydrocarbons. The well was drilled to a planned total depth of 5,803 ft and made its discovery in Paleocene-aged (Tertiary) target reservoir intervals. Moambe is the second in a two-well exploration program on the permit. The first well, Zingana, also discovered hydrocarbons. The Moambe well will be tested before further testing takes place at Zingana. Bowleven holds 100% interest in the permit. Shell Nigeria Exploration and Production has begun production at the Bonga Phase 3 project, an expansion of the deepwater Bonga project in Nigeria. Peak production from the expansion is expected to be 50,000 BOEPD, which will be shipped by pipelines to the Bonga floating production, storage, and offloading facility.