Conoco Annoncement

All,
CoP announcement this morning:

"ConocoPhillips (NYSE: COP) today confirmed that oil was discovered in the SNE-1 well, the
second of ConocoPhillips’ two-well program, located approximately 60 miles offshore Senegal in the Sangomar
Deep block. After further evaluation of this zone, the SNE-1 well will continue drilling to a planned total depth of
approximately 10,000 feet.
“The initial positive results at SNE-1 follow our recent announcement that oil was discovered in the FAN-1 well
offshore Senegal,” said Larry Archibald, senior vice president, Exploration. “We are encouraged by the presence
of a working petroleum system in this frontier basin and are now evaluating further work to enhance our
understanding of the two plays.”
Cairn Energy PLC. is the operator and holds a 40-percent working interest in the SNE-1 well. ConocoPhillips
holds a 35 percent working interest in the well, while FAR Limited and Petrosen hold 15 and 10 percent interest,
respectively. ConocoPhillips has the option to become operator of the project if it advances to development."
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