HDR hardman resources limited

oils aint oils - 10 mtrs oil play mputa

  1. 3,559 Posts.
    Uganda: Block 2 - Mputa-1 Wildcat
    Since the last report on 10 January the rig completed repairs and drilled the well to total depth of
    1,186 metres. The well encountered oil shows over two intervals within a deep objective and as
    of midnight on 16 January oil samples have been recovered from the upper interval, a sand of
    approximately 10 metres gross thickness at 965 metres. The sampling and pressure testing
    programme is continuing.
    Upon completion of the Mputa-1 exploration well operations, the rig will move to the Waraga-1
    location approximately 19 kilometres to the north-east of Mputa-1.
    Mputa-1 targeted a structural prospect defined by the 2005 seismic survey with potential
    multiple objectives and in an area with surface oil seeps. The results of Mputa-1 provide
    confirmation of a working hydrocarbon system and considerable support for further evaluation
    of both this discovery and the surrounding area where a number of other good prospects and
    leads have been identified. In this wildcat well the reservoir sands were poorer than expected for
    some of the objective levels but there is significant encouragement that the well and seismic data
    can provide a better understanding of reservoir sand distribution and considerably reduce the risk
    of other prospects. Further work will be required before any comment can be made on the size
    or commercial significance of this discovery and the potential for future resource in the area.
    The well location is 220 kilometres north-west of the capital Kampala and onshore 8 kilometres
    from Lake Albert. The location is 60 kilometres south-west of the Butiaba Waki-1 well (drilled
    in 1938) and 87 kilometres north-east of the Turaco exploration wells drilled by Heritage in
    2002-2004.
    Level 1, 50 Kings Park Road, West Perth
    PO Box 869, West Perth
    Western Australia 6872
    Tel: +61 8 9261 7600 Fax: +61 8 9321 2375
    ABN 98 009 HARDMAN RESOURCES LTD 210 235
    Web address: www.hdr.com.au email: [email protected]
    … Page 2 …
    Hardman’s CEO Mr Simon Potter commented:
    “This is a very encouraging result – even though there is still significant uncertainty about the
    size of Mputa and whether it has commercial potential, this well has confirmed the existence of a
    working petroleum system. It has been an important step in reducing exploration risk in the
    basin and we are looking forward to Waraga-1, the next well in the programme.”
    Equities in Block 2 are:
    Block 2
    Hardman Petroleum Africa Pty Ltd (Operator) 50.0%
    Tullow Oil 50.0%
    Mauritania: PSC Area B, Block 4 - Dore-1 Exploration Well
    Since the last report on 12 January the ‘Stena Tay’ drilling rig completed operations on the
    Zoule-1 well and moved to the Dore-1 exploration well location in PSC B, Block 4. At midnight
    on 16 January the ‘Stena Tay’ was preparing to spud the well.
    The Dore prospect is located approximately 19 kilometres east of the Tiof field, and
    30 kilometres north of the Chinguetti field in water depth of approximately 386 metres. The well
    will be drilled to a proposed total depth of 2,388 metres and will target Oligocene aged
    submarine channel/turbidite sands as well as encountering the updip extension of the Tiof
    Miocene canyon system.
 
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