From the Tullow Oil interims, I have holdings in Tullow, kind of double equity exposure to blocks 1 and 2, also the highly prospective Senegal block below block 1...........
Exploration Programme
Over the next 12 months Tullow expects to participate in up to 15 exploration
wells, of which 3 will be operated by Tullow. Six of these wells are "snuggle
exploration prospects" which will target reserves close to existing
infrastructure, whilst the wells in Mauritania, Uganda, Equatorial Guinea and
Romania, have the potential to add very significant reserves. Major 3-D seismic
acquisition programmes are also planned in Bangladesh, Cameroon and Cote
d'Ivoire with 2-D programs in Pakistan and India.
In November it is planned to spud a well to test the Faucon prospect in
Mauritania Block 1. Tullow's share of potential reserves from this high risk
prospect are material and success in proving a working petroleum system would
have very positive implications for further exploration, not only for Block 1
but also for Block 2 and the St Louis Block in Senegal.
HDR
hardman resources limited
