Surandy70,It should be an interesting next two weeks as we get...

Surandy70,

It should be an interesting next two weeks as we get closer to seeing the results from DPL, and further updates from KEY in their half yearly report which IMO will be released in the 2nd week of March. If DPL are successful with an Oil discovery, I think you will find KEY change focus to WSS very quickly IMO. Regarding KN # 1, we should see how close we are to production with a further update from their last quarterly report ( extract below ). The last sentence is very interesting you will agree in terms of where focus might be going forward, WSS or Nyuni?



OFFSHORE TANZANIA
Nyuni Block ( Key 20.0% )
Kiliwani North Commercialisation Process

Discussions continued throughout the quarter with various parties within Tanzania involved in the processing, transportation and purchase of gas and other utility companies.
The Minister of Energy provided written confirmation of the declaration of a “Location” over the Kiliwani North area. A “Location” is a petroleum industry term for a transitional designated area that is declared in advance of a “Development Licence” being granted over a commercial oil or gas field. The Kiliwani North Location comprises eight graticular blocks covering 676 square kilometres. The Joint Venture is awaiting formal responses from TPDC (Tanzanian Petroleum Development Corporation) / Ministry of Energy on a number of other issues relating to the commercialisation process.
Compositional analysis of Kiliwani North gas for process plant and pipeline compatibility requirements was also completed thereby allowing further engineering study and design work to be undertaken.

Nyuni 1
As part of the Company’s and the Joint Ventures ongoing review of the Nyuni block, analysis of the Nyuni 1 well, which was drilled in 2004 has identified a potential 25 metre bypassed gas column in the Cretaceous (Albian- Aptian age) sands in the well. This interpretation upgrades the prospectivity of leads in the northern section of the Block.

2009 Programme
The Joint Venture has approved a firm programme and budget in keeping with the current world economic uncertainties. The programme comprises appraisal of the Kiliwani North gas field, seismic reprocessing and 2D exploration seismic recording. Drilling of additional appraisal or production wells will be considered at a later stage.
In view of the current world economic downturn, the Joint Venture is reviewing the economics of future exploration in the Nyuni PSA area

Cheers
R