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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.