Gas Discovery at Bangora

Tullow Oil PLC 29 November 2004 Tullow Oil plc 29th November 2004 Tullow Oil Announces Gas Discovery at Bangora Well, Bangladesh Tullow Oil, as Operator of Block 9, is pleased to announce the test results for its gas discovery at Bangora, Bangladesh. The Bangora-1 well was drilled to a depth of 3,636m and encountered a number of gas bearing reservoirs between 2,580m and 3,285m. Having completed the well, the three lowermost zones were production tested, recording an aggregate flow rate in excess of 120 mmscfd. The lowermost E Sand flowed gas at rates of up to 24.5 mmscfd. The D Sand (87m gross thickness) was tested in two separate tests: the Lower D Sand tested at a rate of 41.2 mmscfd and the Upper D Sand tested at 56.0 mmscfd. Gas quality is high, with 99.13% combustible gases. Shallower gas bearing sands will be tested at a later date. The well will be suspended as a future production well. Tullow intends to carry out a comprehensive appraisal programme over Bangora and the earlier Lalmai discovery, including further seismic, drilling and/or extended well testing. Aidan Heavey, Chief Executive of Tullow commented: 'We are delighted with the better than expected test results from the Bangora-1 well which flowed at an aggregate rate of 120 mmscfd. Following on from the earlier discovery at Lalmai, we have now had gas discoveries at each end of a 40 km long anticlinal structure. We intend to carry out an accelerated appraisal programme and deliver gas to the market at an early date.' For Further Information Contact: Tullow Oil plc (+44 20 7333 6800) Aidan Heavey Tom Hickey Kevin Quinn Citigate Dewe Rogerson (+44 207 638 9571) Martin Jackson Alexandra Scrimgeour Murray Consultants (+353 1 498 0300) Joe Murray Notes for Editors - 'Tullow' where referred to in this release means Tullow Oil plc and/or its subsidiaries, as appropriate Tullow Oil plc is one of the leading Independent International Oil & Gas Exploration and Production companies in Europe. Tullow is quoted on the London and Irish stock exchanges (symbol TLW) and is a member of the FTSE 250 Index. Production and Development Assets Tullow has interests in over ninety exploration and production licences spread over three core areas: UK North Sea, West Africa and South Asia. Tullow recently completed the acquisition of Energy Africa, which takes the number of countries in which Tullow is active to sixteen. In the North Sea, Tullow's principal interests are in the CMS and the Thames/ Hewett group of licences and the Bacton onshore gas-processing terminal on the Norfolk coast. In Africa, Tullow has production in Gabon, Cote d'Ivoire, Congo (Brazzaville) and Equatorial Guinea. Tullow also has exploration programmes in Morocco, Mauritania, Senegal, Cameroon, Uganda and Egypt. In South Asia, Tullow has production and exploration interests in Pakistan and exploration activities in India and Bangladesh, where a three well drilling programme has just completed in Block 9. Tullow was awarded Block 9 in April 2001 and holds a 30% operated interest, partners are Niko Resources (60%) and Bapex (10%). For further information see www.tullowoil.com. This information is provided by RNS The company news service from the London Stock Exchange

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