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Gabon Drilling Results Update

Source: www.gulfoilandgas.com 3/22/2004, Location: Africa

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The Kiarsseny Topaze South-1 exploration well, offshore Gabon, was spudded on Thursday 12th February, and reached a total depth of 2,938m. The well encountered reservoir sands in both primary and secondary objectives, but the well-developed channel sands seen at the nearby Topaze discovery were not present in this well. A sidetrack operation was carried out which also encountered a number of reservoir sands, but the logs showed that no significant quantity of recoverable oil was present at the sidetrack location. The well will now be plugged and abandoned.

The information from this well will be further evaluated to better understand the complex channel sand play of the Topaze discovery. Tullow plans to continue with a comprehensive exploration programme for this prospective licence area.

The Kiarsseny Marin Block is 5,442 sq km area, and lies predominantly in shallow water. The Block contains a number of oil discoveries and over forty exploration leads and prospects spread across four principal play types.

Commenting on the results of the Kiarsseny well in Gabon, Aidan Heavey, Chief Executive of Tullow said:

" We remain confident that this very large licence contains a number of prospects and plays which are the focus of an aggressive exploration programme. We are pleased that Sonangol P&P have decided to join us in this licence in Gabon, in their first venture outside Angola. We look forward to further co-operation with them elsewhere in Africa. Our exploration programme is continuing in Bangladesh, where the Lalmai well spudded on 8th March, and in the UK where the Monroe well is currently drilling.


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