Hi grahamc58,Strachan's 55cps pre-drill estimate isn't out of...

Hi grahamc58,

Strachan's 55cps pre-drill estimate isn't out of the question considering Tullow Oil have confirmed "a northward trend of prospectivity" and boasting an 8 from 8 strike rate!

Some considerable encouragement can be drawn from the successful and continuing exploration programmes of Tullow Oil and Heritage Oil in Blocks 2 and 3 to the south of Tower's Block 5. Exploration drilling in Block 1 which is adjacent to Block 5 has also yielded a first discovery confirming a northward trend of prospectivity."

http://www.towerresources.co.uk/index.php?page=Uganda

We are also drilling in Rhino Country!

"The Rigzone Newsletter quoted the Dow Jones Newswires of February 20 (Kampala) reporting that Tullow Oil announced that its 2009 drilling program could put Uganda among the world's top 50 crude oil producers. However, the government should focus on further exploration rather than large-scale production according to country manager Brian Glover. Oil was discovered in Uganda in 2006. Until now 600 million barrels of reserves have been found around Lake Albert on the Uganda-Congo border. Tullow thinks the wells drilled in this year's campaign could find another billion barrels. Last September the Canadian exploration company Heritage Oil Ltd. announced that it had discovered the country's largest oil deposit in the Albert Basin. Experts estimate that up to 2 billion barrels of crude oil reserves lie beneath Lake Albert."

http://www.glgroup.com/News/Heritage-Oil-and-Tullow-Oil-lead-exploration-efforts-in-Uganda.-34918.html

JB