Energy Africa Limited Announces Third Oil Discover
Energy Africa Limited
Registration number: 1995/007140/06
(Incorporated in the Republic of South Africa)
ENERGY AFRICA LIMITED ANNOUNCES THIRD OIL DISCOVERY IN EQUATORIAL GUINEA
Energy Africa is pleased to report a third significant oil discovery in
Block G offshore Equatorial Guinea in which it holds a 15% interest. The
Oveng-1 well was drilled in a water depth of 280m and is located some 20km
north east of the Ceiba Field and 5km from the recently announced Okume
discovery. The well intersected gross oil pay of 135m with an estimated 51m
of net oil-bearing sandstones. Reservoir qualities are similar to those in
the Ceiba Field and the Okume discovery. An oil sample indicates an API
gravity of 36 degrees.
As for the Okume discovery, appraisal drilling is required to determine the
recoverable reserves but the well results are very encouraging in terms of a
commercial development. Adrian Nel, Acting Managing Director, said "The
Oveng-1 well confirms the high prospectivity of Blocks G and F and
significantly reduces the risk for other prospects in the area. We look
forward to further exploration successes."
The operator of the Ceiba Field and the Blocks F & G exploration licences is
Triton Energy Limited based in Dallas, USA. A copy of their press release
is available on the Triton website at: www.tritonenergy.com
25 June 2001
For more information about Energy Africa see: www.energyafrica.com.
Enquiries:
In Cape Town:
Energy Africa Ltd
Adrian Nel
+27 21 400 7600
Corporate Image
Alice Jenner
+27 21 426 1233
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