Tullow strikes black gold in Uganda's Block 2

TULLOW ANNOUNCED THAT the Kigogole-3 exploration well, which is located in the Butiaba region of Uganda Block 2, has encountered over 20 m of net oil pay in two separate zones.
Located approximately one km from the crest of the structure, the well was drilled to a total depth of 575 m and has been successfully logged and sampled.

Excellent Kasamene-type reservoir sands were encountered in the lower zone with over 15 m of net oil pay. In a separate 5 m total net reservoir section above the 15 m main reservoir interval, thin-bedded oil bearing sands were also encountered. Kigogole-3 is the eighth successful test of the Victoria Nile Delta play fairway within the Lake Albert Rift Basin. The well is located southwest of the Kigogole-1 oil discovery made in 2008, which was recently production tested. This latest result further extends the play and de-risks several adjacent prospects located in Blocks 1 and 2, which are scheduled for drilling later in the year.

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