Highlands Natural Resources Regulatory News (HNR)

23 Jun 2006 07:02

Tullow Oil PLC27 June 2006 News release Tullow Oil Plc - Waraga-1 Well Test Update 23 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 Hardman confirms that the lowermost zone in Waraga-1 well was successfullyperforated at 09:00hrs on 22nd June. The well flowed oil to surface and astabilised rate has been established sufficient to derive composition, flowcharacteristics and key reservoir parameters. Initial results show a flow rateof c 1,500 bopd of 33.8 degree API oil through a 36/64" choke. The well is nowshut in for pressure build up prior to further flow testing later today. This lower zone will continue to be tested over the next 48 hours. Subsequently,further flow tests will then be conducted on the two other identifiedhydrocarbon bearing horizons in this well. Testing on all three horizons atWaraga-1 is estimated to take approximately 14 days. Following testing at this well location, the future programme at Mputa will bedetermined. The next testing programme update is scheduled for Tuesday, 27thJune. 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