Uganda Well Update

Tullow Oil PLC 13 March 2006 News release Tullow Oil plc - Uganda: Block 2 Waraga-1 exploration well 13 March 2006 - Hardman Resources, the operator of the Waraga-1 exploration well in Uganda, in which Tullow Oil Plc (Tullow) is a 50% partner, today issued the following press release. Tullow will provide a further update once logging operations have been completed. 'Since the last report on 7 March, the Waraga-1 well was drilled from 1,872 metres to total depth of 2,010 metres into basement and wireline logs have been run. At midnight on 12 March wireline pressure testing and sampling programme had been completed. Oil samples have been recovered from the 32 metre gross interval previously reported (at a depth of approximately 1,700 metres). Preliminary indications are that this is a light oil of approximately 40o API gravity. While no oil water contact was observed, pressure data from the oil interval and deeper water bearing sands suggests a minimum 45 metre oil column for this reservoir interval. Wireline logs and shows while drilling have indicated a deeper, separate zone of interest from approximately 1,780 metres to 1,930 metres which contains a number of thinner sands. Oil samples have been recovered from a sand at 1,893 metres. Pressure testing and sampling has been conducted, with interpretation of results expected in the coming days to determine the extent of this deeper oil bearing interval and whether it represents one or a number of oil columns. The well will now be cased and suspended ready for future testing. Planning of that testing programme is underway and equipment is being sourced and mobilised. Waraga-1 is located 19 kilometres to the northeast of the recently drilled Mputa-1 oil discovery well and 41 kilometres southwest of the Butiaba Waki-1 well (drilled in 1938). Waraga-1 testing a structural prospect with identical geological targets to the oil bearing reservoirs seen at Mputa-1. The Waraga prospect was defined by the 2005 onshore seismic survey and the geological risk was significantly reduced by the success of Mputa-1.' If you have any questions on this announcement please contact: Tullow Oil plc Citigate Dewe Rogerson Murray Consultants (+44 20 8996 1000) (+44 207 638 9571) (+353 1 498 0300) Aidan Heavey Martin Jackson Joe Murray Tom Hickey Chris Perry Notes to Editors Tullow is a leading independent oil & gas, exploration and production group, quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a constituent of the FTSE 250 Index. The Group has interests in approximately 90 production and exploration licences in 16 countries and focuses on three core areas: NW Europe, West Africa and South Asia. Tullow's NW Europe interests are primarily focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames/Hewett areas and operates over 60% of its production. In Africa, Tullow has production and exploration in Gabon, Cote d'Ivoire, Congo (Brazzaville) and Equatorial Guinea. Tullow also has exploration programmes in Morocco, Mauritania, Senegal, Cameroon, Uganda and Angola. In South Asia, Tullow has production and exploration interests in Pakistan and exploration activities in India and Bangladesh. For further information please refer to our website at www.tullowoil.com ENDS This information is provided by RNS The company news service from the London Stock Exchange

Companies

Tullow Oil (TLW)
UK 100

Latest directors dealings