15th Aug 2006 07:01
Tullow Oil PLC15 August 2006 News release Tullow Oil Plc - Mputa Well Update 15 August 2006 - Hardman Resources, the operator of the Mputa well test inUganda, in which Tullow Oil Plc (Tullow) is a 50% partner, today issued thefollowing press release. Uganda: Mputa-1 flow test update - Block 2 On 12 August 2006, oil was successfully flowed to surface from the sands testedfrom DST #2 in the Mputa-1 exploration well, yielding an average flow rate of300 barrels of oil per day of 32degrees API oil through a 32/64" choke, with nowater production and low gas to oil ratio. The sand tested by DST#2 is a relatively thin interval (2 - 3 metres), whichgave an indication of hydrocarbons whilst drilling but did not yield definitivewireline pressure testing results during the original drilling operation. Thegravity of the recovered oil is very similar to that seen in the lower zones atthe Waraga-1 well 19 kilometres away which is likely to be of similar origin. Final flow and build-up tests are currently being concluded after which the mainoil-saturated sand in the discovery well (965 to 975m interval) will be testedby DST#3. Testing of this final interval is anticipated to commence later thisweek. The Mputa-1 well is located 220 kilometres northwest of the Ugandan capitalKampala and onshore 8 kilometres from Lake Albert. The Waraga-1 well is located19 kilometres to the northeast. Equities in Block 2 are: Block 2Hardman Petroleum Africa Pty Ltd (Operator) 50.0%Tullow Oil 50.0% Times and dates for Ugandan wells refer to Uganda time (GMT +3 hours) 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 George Cazenove Joe MurrayAngus McCoss 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 250 Index. The Group has interests in approximately 90exploration and production licences in 15 countries and focuses on three coreareas: NW Europe, Africa and South Asia. Tullow's NW Europe 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 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 andappraisal programme in Namibia. Tullow also has exploration programmes inMauritania, Senegal, Cameroon, Uganda, Madagascar and Angola. In South Asia, Tullow has production and exploration interests in Pakistan andBangladesh and high impact exploration activities in India. 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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