AZA: BMG Operations Update

    RNS Number : 6389A
  Anzon Energy Limited
  05 August 2008
   


    ANZON ENERGY LIMITED (CODE: AEL)

    5 August 2008

    ANZON ENERGY LIMITED ANNOUNCES THAT ITS SUBSIDIARY
    ANZON AUSTRALIA LIMITED (ASX CODE: AZA) HAS TODAY MADE
    THE FOLLOWING ASX ANNOUNCEMENT


    BMG OPERATIONS UPDATE



    The BMG Joint Venture is pleased to advise that its offshore operations in Gippsland, Victoria, continue to produce trouble free and
achieved a significant production milestone last Thursday 31st July with its 5 millionth barrel of crude oil. 

    In addition, the Joint Venture has recently completed yet another ship-to-ship (STS) cargo lifting in Western Port Bay with a 597,000
barrel sale to Itochu at a price in excess of US$130, which was a premium to APPI Tapis reflecting the high quality of the crude. This is
the JV's 14th lifting from the operation. Its next lifting, also a STS, will be 600,000 barrels in late September.

    Production at present is approximately 9,500 bopd and is expected to increase next month with the commencement of production from the
new well, Basker 6ST1. This well is currently having its 5500m flowline laid. 


    The participants in the Basker-Manta Joint Venture are:

    Anzon Australia Limited                                 40%    (Operator)
    Beach Petroleum Limited                                 30%
    CIECO Exploration and Production (Australia) Pty Ltd    20%
    Sojitz Energy Australia Pty Ltd                         10%



    FOR FURTHER INFORMATION PLEASE CONTACT:

    Anzon Energy Limited: Mr Tony Strasser +61 2 9024 3555

    Grant Thornton UK LLP: Fiona Owen +44 20 7383 5100

This information is provided by RNS
The company news service from the London Stock Exchange
 
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