Here you go from BUY announcement today-
"As we speak our well in Tanzania: Kiliwani – 1 is being spud by the JV operator, and
Bounty has a free carried interest in the well.
Kiliwani – 1 is located 2 km SE of the Songo Songo gas field and in recent
interviews; representatives of the operator have suggested 100 BCF recoverable gas
potential if the well is a success.
There is a pipeline from Songo Songo gas field to the capital of Tanzania; Dar es
Salaam, which has excess capacity available should we make a commercial gas
discovery. In other words a successful well will be capable of fast tie in and cash
flow. A second well is to be drilled at Kiliwani North, a prospect which was identified
from the “transition” zone seismic shot last year. It has potential for 10 mmbbl’s of oil
and Bounty will be required to contribute at it’s 6% working interest."
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Here you go from BUY announcement today-"As we speak our well in...
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