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15-Apr-2016

NOCAL Provides Update: ExxonMobil Drilling Campaign, Audit of NOCAL’s Financial Records, LACC Inquiry.

((Monrovia-April 14, 2016) ExxonMobil has reaffirmed its commitment to drilling one exploratory well in LB 13 during the 4th quarter of 2016. According to ExxonMobil, planning for the drilling campaign is now fully underway and its Environmental Impact Assessment Plan has been submitted to the Environmental Protection Agency of Liberia. The reaffirmation is contained in a LB13 Linkages Report released by ExxonMobil.

This upcoming exploratory drilling campaign will revive drilling activities in the Liberian basin, increase to eleven (11) the total number of exploratory wells drilled between 2011 and 2016, and hopefully lead to commercial discovery.

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