Sorry, I forgot to post this..Exploration ProgrammeOver the next...

Sorry, I forgot to post this..

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.



In Uganda, following the disappointing discovery of high CO2 gas in the Turaco-3
well in Block 3, geochemical studies have indicated that the CO2 risk is limited
to the southern portion of the Albertine Graben. Additional seismic surveys in
Blocks 2 and 3A have defined structures with potential for large oil reserves
and a two well drilling programme on the shores of Lake Albert in Block 2 is
planned later in 2005. As in Mauritania, any demonstration of a working
petroleum system would have very positive implications for further exploration.