Highlands Natural Resources Regulatory News (HNR)

4 Jul 2006 08:32

Tullow Oil PLC04 July 2006 News release Tullow Oil Plc - Waraga-1 Well Test Update The following announcement replaces RNS no. 6130F released today at 0706 whichwas a duplicate of a previous announcement. 4 July 2006 - Hardman Resources, the operator of the Waraga-1 well test inUganda, in which Tullow Oil Plc (Tullow) is a 50% partner, today issued thefollowing press release. Production Testing Update: Waraga-1 Oil Discovery, Uganda Since our announcement on 27th June, reporting a flow rate of approximately4,200 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 flowedat the Waraga-1 location and commenced testing of the upper zone. From the middle perforated interval from 1782 to 1792.5 metres the well flowedat 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 sustainedflow rate of approximately 4,200 bopd. The quality of the oil is the same astested 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 from1680 to 1710 metres. This interval flowed heavier (18.5 degreesAPI) oil at astabilized rate of 2,115 bopd through a 36/64" choke. The well is currentlyshut in for pressure build up prior to the final flow period with resultsexpected before the end of the week. Following the conclusion of testing at Waraga-1, the rig will move to the Mputaarea 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 MurrayAngus McCossChris 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 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 ENDS This information is provided by RNS The company news service from the London Stock Exchange