"The Rigzone Newsletter quoted the Dow Jones Newswires of...

"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