From Bloomberg 

Maurel & Prom SA (MAU) reported a 29 percent jump in first-half operating profit due to higher output in Gabon, where the French explorer is planning new wells to raise production by year-end.

Operating income climbed to 111 million euros ($147 million) compared with 86 million euros a year earlier, the Paris-based company said in a statement. The explorer had a net loss of 8.5 million euros, compared with 32 million euros profit previously, because of a provision on its stake in Tuscany International Drilling, exploration well failures in the Republic of Congo, and after it relinquished two permits.

Gabonese output, which rose 36 percent to 27,000 barrels of oil equivalent a day in the period, should surpass 30,000 barrels a day next year, Chief Executive Officer Jean-Francois Henin said on a conference call.

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