faucon-1 & mputa-1

Hi all,

Just a quick follow up on Tullow's AGM presentation. It appears Faucon has got the thumbs up over Petrel after running CSEM surveys over the prospects. Also interesting to note that the scheduled Ugandan prospect has been selected.

Uganda ...... Block 2 ... Mputa-1 .....October 2005
Mauritania .. Block 1 ... Faucon 1 ... September 2005

http://www.ise.ie/app/announcementDetails.asp?ID=1036259

From DNX's web site.

Detailed analysis of 3D seismic data in Block 1, offshore Southern Mauritania, has resulted in the emergence of two exciting prospects, Faucon and Petrel, each with moderate risk and the potential to contain over one billion barrels of oil in place. Given the importance and materiality of this first well in Block 1, the Company has decided to maximise its chances of success by carrying out a controlled source electromagnetic imaging (‘CSEMI’) survey over these two main prospects ahead of selecting the first prospect to drill.

http://www.dana-petroleum.com/Operations/international.htm

Cheers,
xmagx