Highlands Natural Resources Regulatory News (HNR)

14 Nov 2006 07:04

Tullow Oil PLC14 November 2006 News release Tullow Oil plc - Nzizi-1 Exploration Well Update 13 November 2006 -Hardman Resources, the operator of the Nzizi-1 explorationwell in Uganda, in which Tullow Oil plc (Tullow) is a 50% partner, today issuedthe following press release. UGANDA: Exploration Area 2 Nzizi-1 Exploration/Appraisal Well Since Hardman's last report, Nzizi-1 has been drilled to a total depth of 1,065metres in a 6 3/4" hole. As at midnight on 13 November, wireline logs werebeing run after having encountered oil shows across the target intervals. Nzizi-1 is testing a structure up-dip of the Mputa discovery and was designed toevaluate the equivalent oil bearing reservoirs intersected in the Mputastructure. Nzizi-1 is situated approximately 5.5 kilometres to the southwest ofMputa-2 appraisal well. Equities in Block 2 are: Exploration Area 2 Hardman Petroleum Africa Pty Ltd (Operator) 50.0%Tullow Oil plc 50.0% Times and dates for Ugandan wells refer to UTC/GMT +3 hours (Uganda time), 5hours behind Western Standard Time, Perth. Hydrocarbon shows will only bereported after all required logs have been run and evaluated, although Hardmanwill release weekly updates on the exploration drilling campaign. 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 MurrayChris Perry 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 across 17 countries and focuses on threecore areas: 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 exploration and production 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, Congo (DRC), Madagascar, Angola andGhana. In South Asia, Tullow has exploration and production in Pakistan and Bangladeshand 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