Highlands Natural Resources Regulatory News (HNR)

4 Jul 2006 07:06

Tullow Oil PLC04 July 2006 News release Tullow Oil Plc - Waraga-1 Well Test Update 27 June 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 Following our announcement on 22nd June concerning the flow rates from theWaraga-1 well, Hardman has continued to test the lowermost zone over theweekend. Following a shut-in period the well was flowed through a 1" choke at asustained flow rate of approximately 4,200 barrels of oil per day (bopd). Asreported previously the oil is light but waxy, with a low gas to oil ratio.Pressure build-up tests indicate good permeability. The current operation is preparing for testing of the two shallower oil-bearinghorizons in the well, the first of which will commence later this week, beforemoving to the Mputa location. 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