The Board of Mediterranean Oil & Gas Plc is pleased to announce that, in line with the operational plan established with the Operator, ENI, production has been increased on the Guendalina Field well GUE 3ss.

After a period of monitoring production post the well intervention conducted in January 2014, production has been increased to an average of 31,350 scm per day (6,270 scm per day net MOG), which is an increase of 25% over the last reported stabilised production.

The Operator has a stated goal of increasing production to 40,000 scm per day (8,000 scm per day net MOG) by the end of May at GUE 3ss. MOG expects that the production will be further increased in June, as the well continues to improve performance.

Tags: Mediterranean Oil & Gas Plc