Gas Discovery at Lalmai

Tullow Oil PLC 09 June 2004 Tullow Oil plc 9th June 2004 TULLOW OIL GAS DISCOVERY AT LALMAI, BANGLADESH Tullow Oil plc ('Tullow'), the independent oil and gas exploration, development and production company, announces today that it has discovered gas in its Lalmai-3 well in Block 9, onshore Bangladesh. The Lamlai-3 well was drilled to evaluate the potential of a large anticlinal structure, and reached a total depth of 2800m on 25th May. The well flowed dry gas at rates of up to 8.6 MMscfd from a zone at 2420 - 2460 metres. Testing was carried out over a nine-day period and no reservoir depletion was identified. The discovery is located close to existing pipelines and there is a ready market for any available gas in Bangladesh. Tullow is formulating plans to appraise the potential of the Lalmai structure on completion of the currently drilling Bangora well, which is some forty kilometres directly north of Lalmai on the same structural trend. Aidan Heavey, Tullow's CEO commented: 'While it is too early to comment on the commercial value of this discovery, the presence of gas in such a large anticline, which runs from Lalmai to Bangora, offers considerable upside potential. This is a very exciting time for Tullow, having just completed the acquisition of Energy Africa. We are pressing ahead with two exploration wells, one at Bangora (30%) spudded on 2nd June and the other at the RAK-1 well in Morocco (10%,) also spudded on 2nd June. We have plans to drill up to twelve further exploration wells during the remainder of the year.' For Further Information Contact: Tullow Oil plc (+44 20 7333 6800) Aidan Heavey Brian O'Cathain Citigate Dewe Rogerson (+44 207 638 9571) Martin Jackson 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 has been active in Bangladesh since 1997, and was awarded the Block 9 PSC in 2001. Tullow Bangladesh Limited, (30%), operates Block 9 with co-venturers Niko Exploration (Block 9) Limited, (60%), and Bangladesh Petroleum Exploration and Production Limited, (10%). Tullow is one of the leading independent international oil and 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. Strategy Tullow's strategy is to build strong and secure cash flow from low risk production acreage, while applying discretionary funds to exploration territories with high potential. These activities will be undertaken in a manner that reflects a genuine concern for the environment and the health and safety of all personnel. 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, which it operates. In Africa, Tullow has production in Gabon, Cote d'Ivoire, Congo (Brazzaville) and Equatorial Guinea, and is actively pursuing the development of the Kudu gas field in Namibia. Tullow is also active in 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, in addition to Bangladesh. 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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