30th Apr 2008 07:02
Tullow Oil PLC30 April 2008 News release Tullow Oil plc - Banda NW appraisal well update 30 April 2008 - ROC Oil, a participant in the Banda NW exploration well, inwhich Tullow Oil plc (Tullow) is also a partner, today issued the followingpress release. A detailed update on the well result and the forward programmewill be provided once well operations have been completed. ROC OIL WEEKLY DRILLING REPORT Offshore Mauritania Roc Oil (Mauritania) Company, a wholly owned subsidiary of ROC, advises that asat 0100 hours (local time) on 28 April 2008, the Banda NW ST-1 sidetrack well,had reached a Total Depth of 2,934 mBRT and wireline logs, including samplingand pressure measurement tools, were being run. Preliminary logging results indicate that the well has encountered oil and gascolumns with contacts similar to those seen in the discovery well, approximately2 kilometres to the east. Participating Interests in the PSC Area B Joint Venture are: ROC Group Companies..........................3.693% PC Mauritania I Pty Ltd (Operator)...........53.846% Tullow Oilplc..........................................21.600% Mauritania HoldingsB.V..........................................11.630% Premier Oil Mauritania B Limited............. 9.231% For further information contact:Tullow Oil plc Citigate Dewe Rogerson Murray Consultants(+44 20 8996 1000) (+44 20 7638 9571) (+353 1 498 0300)Aidan Heavey Martin Jackson Joe MurrayTom Hickey Kate DelahuntyChris 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 aconstituent of the FTSE 100 Index. The Group has interests in over 100exploration and production licences across 23 countries and focuses on four coreareas: Europe, Africa, South Asia and South America. Tullow's European interests are primarily focused on gas in the UK SouthernNorth Sea where it has significant interests in the Caister-Murdoch System andthe Thames-Hewett areas and operates over 70% of its production. In Africa, Tullow has exploration and production in Gabon, Cote d'Ivoire,Mauritania and Equatorial Guinea and two large appraisal and developmentprogrammes in Ghana and Uganda. Tullow also has exploration interests inMauritania, Senegal, Congo (DRC), Tanzania, Madagascar, Namibia and Angola. In South Asia, Tullow has exploration and production in Pakistan and Bangladeshand high impact exploration activities in India. In South America Tullow has high impact exploration interests in Trinidad andTobago, French Guiana and Suriname. For further information please refer to our website at www.tullowoil.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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