Ann: Drill Rig Secured for EA5 Prospect in Uganda, page-4

re: Ann: Drill Rig Secured for EA5 Prospect i... This info was from an earlier post:

The below information is from Tullow Oil which hold acreage to the south of GBP (Block 1 is adjacent to GBP's Block 5) and boast a 100% success record!



"In 2008, onshore drilling activity has focused on the Butiaba area of blocks 1 and 2 where upside potential of over a billion barrels had been identified and eight wells have so far been drilled, all encountering hydrocarbons. Of particular significance is the Victoria Nile delta play where six discoveries have been made including Buffalo-Giraffe, the largest discovery in the basin to date. This discovery in Block 1 has a continuous oil column of 140 metres and very high quality sandstone reservoirs. The scale of the recent discoveries in the Butiaba area has confirmed the Group’s view that this is a major hydrocarbon province in its own right within the Lake Albert Rift Basin."

http://www.tullowoil.com/tlw/operations/af/uganda/

JB