Tullow Oil PLC
04 July 2006
News release
Tullow Oil Plc - Waraga-1 Well Test Update
The following announcement replaces RNS no. 6130F released today at 0706 which
was a duplicate of a previous announcement.
4 July 2006 - Hardman Resources, the operator of the Waraga-1 well test in
Uganda, in which Tullow Oil Plc (Tullow) is a 50% partner, today issued the
following press release.
Production Testing Update: Waraga-1 Oil Discovery, Uganda
Since our announcement on 27th June, reporting a flow rate of approximately
4,200 barrels of oil per day (bopd) from the lowermost zone at Waraga-1 well,
Hardman has now completed testing of the middle of the three zones to be flowed
at the Waraga-1 location and commenced testing of the upper zone.
From the middle perforated interval from 1782 to 1792.5 metres the well flowed
at an average of 2,400 barrels of oil per day (bopd) through a 36/64' choke.
Following a shut-in period the well was flowed through a 1' choke at a sustained
flow rate of approximately 4,200 bopd. The quality of the oil is the same as
tested in the lower zone of the well, being a light (33.8degreesAPI), but waxy,
crude.
As at midnight on 3rd July, the third and final interval was perforated from
1680 to 1710 metres. This interval flowed heavier (18.5 degreesAPI) oil at a
stabilized rate of 2,115 bopd through a 36/64' choke. The well is currently
shut in for pressure build up prior to the final flow period with results
expected before the end of the week.
Following the conclusion of testing at Waraga-1, the rig will move to the Mputa
area for testing which is expected to commence by late July/early August.
For further information contact:
Tullow Oil plc Citigate Dewe Rogerson Murray Consultants
(+44 20 8996 1000) (+44 20 7638 9571) (+353 1 498 0300)
Tom Hickey Martin Jackson Joe Murray
Angus McCoss
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
exploration and production licences in 15 countries and focuses on three core
areas: NW Europe, 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 and a large gas field development and
appraisal programme in Namibia. Tullow also has exploration programmes in
Mauritania, Senegal, Cameroon, Uganda, Madagascar and Angola.
In South Asia, Tullow has production and exploration interests in Pakistan and
Bangladesh and high impact exploration activities in India.
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.