"It is believed that at this early stage, it is less likely that there is carbondioxide in the northern part of the licensed area, although there are studies going on."
Hardman are in the area northern part of the area as block 2 sits on top of block 3.
Here is the full Ugandan bifta from the
PROSPECTUS FOR ENTITLEMENT ISSUE 2004
UGANDA - EAST AFRICA In October 2001 the Hardman Group was awarded a PSA licence for Block 2 in the Albertine Graben,Uganda.Hardman holds a 50% interest in Block 2 and is the operator. Block 2 is located in the northwest of the country and covers the northern part of Lake Albert and the surrounding onshore area. Geophysical data shows that Block 2 contains a thick sedimentary section. Only one well has been drilled in the area by the African and European Investment Company in 1938, which encountered good source rock and live oil in the Jurassic. Oil seeps along the edge of the lake indicate the presence of an active petroleum generating system. The 2D seismic survey over Lake Albert commenced in September 2003 after the vessel “Victoria III” was transported overland and equipped with seismic recording instruments. The survey, totalling approximately 1,600 line kilometres of data, was operated by Hardman in conjunction with the adjacent Block 3 parties and approximately 1,000 kilometres of seismic was acquired in Hardman’s Block 2 licence area. A detailed technical evaluation of the seismic data is currently in progress with early results indicating the presence of robust structural leads and prospects. On completion of this technical work Hardman will commence presentations of the project to companies who have expressed interest to farmin and fund the next exploration phase of drilling one or more wells."
That being the case, no reason at this stage to think it is a problem for Hardman.
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