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Re-perforation of SFH-1

MOORE Energy's partly owned subsidiary Millennium Geo-Venture SAS (MGV) is the co-owner with Geopetrol SA of the Soufflenheim exploration license in Alsace.

As operator of the license MGV, on a sole risk basis, re-entered the data gathering well SFH-1 on 29 June 2015 and perforated a 2.5 m zone above the existing radial drains. Production testing was performed from 4 July to 4 August. The water cut remained too high to make hydrocarbon production commercially viable from this well at present.

The well is temporarily shut in until future usage has been decided.

MGV is the operator and holds 55% working interest in the Soufflenheim license in partnership with Geopetrol. MOORE Energy is a Norwegian oil and gas exploration and production company with focus on conventional resources in France.