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What do we have to say ?

From todays news

Gabon Update

FirstAfrica is currently drilling its third development well in the East
Orovinyare Field offshore Gabon, and results are expected to be announced
shortly. The Company's field development plan calls for production to start
early next year from four wells producing to a single unmanned platform tied
back to a Floating, Production, Storage and Offloading Vessel (FPSO). The
platform construction and additional infrastructure development is moving in
parallel with the drilling programme and installation of the platform and
downhole pumps is planned for 4Q 2006. In addition to the development field,
the Company has further exploration assets in Gabon and plans to fund
exploration activities from cashflow in 2007.

Commenting on the successful fundraising, FirstAfrica CEO Robert Kirchner said,
"We are pleased with this strong show of support by both existing shareholders
as well as new investors, particularly bearing in mind the significant
deterioration in recent market conditions. I look forward to working with our
expanded investor base as FirstAfrica continues to make significant strides
towards first oil."

Now they would not be continuing wth the infrastructure development if all was not going to plan !

Drilling Update

RNS Number:9454F
FirstAfrica Oil PLC
10 July 2006


10 July 2006

FirstAfrica Oil Plc ("FirstAfrica Oil" or the "Company")

Drilling Update - EOV Field

FirstAfrica Oil announces the results of the EOV-4 sidetrack well drilled from
EOV-4 (drilled in February 2006) within the East Orovinyare Oil Field ("EOV
Field"), offshore Gabon. EOV-4 could not be tested due to mechanical
difficulties and this sidetrack has been drilled to a location 200m south of the
EOV-4 location. The sidetrack was initiated on 26 June and was drilled into the
southeastern sector of the EOV Field utilizing the GlobalSantaFe Adriatic VI
jack-up rig.

The sidetrack encountered no mechanical difficulties and the oil-bearing Batanga
reservoir was entered at a measured depth of 3,840 feet. The reservoir was
logged and preliminary analysis indicates a gross oil reservoir section of 280
feet (measured depth). Net sandstone and dolomite reservoir is estimated to be
approximately 98 feet thick (measured depth). Drill stem testing from 5-7 July
was successful and oil flowed through a 160 feet slotted liner at a maximum
instantaneous flow rate of 1704 bopd. The gravity of the oil was measured to be
38 degrees API and the H2S content was zero. Due to dolomitization, the porosity
at this location is lower than found elsewhere in the EOV Field. The resulting
'fracture porosity' encountered in this sidetrack is considered to be localized
and acid fracture treatment is intended to significantly enhance the production
rate. It is planned that this treatment will be applied prior to final
completion of the well.

The Company's field development plan calls for production to start from early
next year from four wells producing to a single unmanned platform tied back to a
Floating, Production, Storage and Offloading Vessel (FPSO). The platform
construction and additional infrastructure development is moving in parallel
with the drilling programme and installation of the platform is planned for 4Q
2006.

FirstAfrica CEO Robert Kirchner said, 'We are pleased with the progress in our
development drilling programme which is scheduled to be completed at the end of
July. EOV-4 has now been suspended and the Adriactic VI rig is now preparing to
drill the EOV-7 development well, the final well in the current sequence of
development wells.'

Enquiries:

FirstAfrica Oil plc
Robert Kirchner
+44 (0)207 408 7630

M:Communications
Patrick d'Ancona
+44 (0)207 153 1547

Strand Partners Limited
Rory Murphy
+44 (0)207 409 3494


Review by Qualified Person

The technical information and opinions contained in this announcement been
verified by Dr. Hans Ryckborst, Gabon Country Manager for FirstAfrica Oil plc.
Dr. Ryckborst is qualified as a both a Professional Geologist and a Professional
Engineer (University of Leyden) and is a member of The Association of
Professional Engineers, Geologists and Geophysicists of Alberta ('APEGGA'), The
Association of Professional Engineers & Geologists of Saskatchewan Canada
('APEGS'), and The Royal Institute of Engineers of The Netherlands ('KIVI').



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

DRLILFESDTIILIR


Great news !

http://www.energem.com/energem_news_current.asp

shares in foa been on the moVe this week,got most of there debt put into shares at 4p. july is said to be end of the 4 well drilling programe,then seting up prodution for early 07.could be 5000-6000 bopd,that looks big numbers to me, doubled my holding back at 4p,since we haVe seen 3p o dear,looking to get more if this next drill result comes in with more oil.should be in next 2weeks.

looking good for a big rise i feel very soon, back up to 10p imo

Flittermaus - 4 Aug'06 - 16:48 - 10179 of 10182


Just found this link on google reference FSPO, EOV mentioned

http://www.imastudies.com/id157.htm

Extract below but follow link for full list

Floating Production Systems

November 2005 Report



II. RECENT DEVELOPMENTS


2. Projects in the Final Design or Bidding Stage


EOV (Gabon)



FM