Update on Lalmai Well

Tullow Oil PLC 29 April 2004 Tullow Oil plc 29th April 2004 Tullow Oil Announces Update on Operations in Lalmai Well, Bangladesh The Lalmai-3 exploration well in Block 9, Bangladesh, was spudded on 8th March 2004, and reached its proposed total depth of 2800m on 25th April 2004. Tullow Bangladesh Limited, (30%), operates Block 9 with co-venturers Niko Exploration (Block 9) Limited, a subsidiary of Niko Resources (60%), and Bangladesh Petroleum Exploration and Production Limited, (10%). The wireline logs have identified potential gas-bearing sands in a number of zones between 2200m and 2800m, however it has not been possible to complete the logging programme due to hole conditions. Subject to co-venturer approval, Tullow will shortly begin testing these potential gas zones, including production testing without a rig. This will allow the rig to be moved to Bangora, the third well in Tullow's three well exploration programme for Block 9. Production test results for Lalmai-3 are expected in three to four weeks time. Brian O'Cathain, Tullow's General Manager International commented, 'While these results are encouraging, due to the difficulties encountered during the logging programme, we have not yet demonstrated the presence of commercial gas at this location. This will only be confirmed by a positive result from the planned production test'. For Further Information Contact: Tullow Oil plc Aidan Heavey (+44 20 7333 6800) Tom Hickey (+44 20 7333 6800) Brian O'Cathain (+351-1-2137300) Citigate Dewe Rogerson (+44 207 638 9571) Martin Jackson Murray Consultants (+353 1 498 0300) Joe Murray Notes for Editors 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. 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 50 exploration and production licences spread over three core areas: UK North Sea, West Africa and South Asia. 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. The Espoir field in Cote d'Ivoire, West Africa, is Tullow's principal source of international production. Tullow is also active in exploration and development programmes in Cameroon and Gabon. In South Asia, Tullow has production and exploration interests in Pakistan and exploration activities in India. In Bangladesh, a three well drilling programme is under way in Block 9. For further information see www.tullowoil.com This information is provided by RNS The company news service from the London Stock Exchange

Companies

Tullow Oil (TLW)
UK 100