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Baraka Petroleum Provides Mauritanian Drilling Update

Source: www.gulfoilandgas.com 3/20/2007, Location: Africa

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Baraka Petroleum Limited has been provided with an update on the well testing on Heron-1 within Coastal Block 20 inMauritania by the operator and joint venture partner CNPC International Mauritania Limited(CNPCIM).

The land-drilling rig ZJ50LDB operated by drilling operator GWDC (Great Wall Drilling Company) is still on the site of the CNPCIM operated Heron-1 exploration well in coastal Block 20 on-shore Mauritania.

On the 19 March 2007, the operation was setting a cement plug in preparation for abandoning the well. The past week has been spent preparing for and conducting well test #2.

Test #2 from 1856.5 – 1863.5 metres in Lower Campanian sandstone reservoir failed to flow to surface and this is interpreted to be due to poor quality reservoir.

The results of Heron-1 and its implication for the prospectivity of Block 20 will be assessed by the Joint Venture and a meeting will be held in early Quarter 2 2007 to agree the forward work programme in the permit.

CNPCIM is a wholly owned subsidiary of CNPC International Limited (CNPCI) and is Operator of Block 20 with 65% interest. Baraka Petroleum’s interest in Block 20 is 35%.

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