Genel Energy's Angola Drilling Update

Genel Energy plc ('Genel') announces that the Dilolo-1 exploration well on Block 39 offshore Angola (Genel 7.5% working interest) is in the process of being plugged and abandoned after failing to encounter hydrocarbons.
 
Although further studies are needed in order to fully understand the results, the well has provided a useful calibration for other prospects on Block 39.
 
The Stena Carron drillship will now move to Block 38 (Genel 7.5% working interest) to spud the Jacaré-1 exploration well.