Energy Africa Announces Acquisition Of Interest In
Block
Energy Africa Limited
Registration number : 1995/007140/06
(Incorporated in the Republic of South Africa)
ISIN code: ZAE000010427
JSE code: ENR
ENERGY AFRICA ANNOUNCES ACQUISITION OF INTEREST IN MAURITANIAN OFFSHORE
BLOCK
Energy Africa Limited today announced the signature by its wholly owned
subsidiary, Energy Africa Mauritania Limited, of an agreement with Woodside
Petroleum, Hardman Petroleum and Roc Oil to acquire a 20% interest in Block
2 offshore Mauritania. The acquisition is subject to the approval of the
Mauritanian government. The block covers 6682 sq km and extends from near
shore to a water depth of 2200 meters. It is located south of Block 4 where
the recent Chinguetti 1 discovery intersected a gross oil column of 90
meters. This is Energy Africa's first participation offshore Mauritania.
Participating partners' interests in Block 2 are:
Woodside Petroleum (operator) 48 %
Hardman Petroleum 28.8 %
Energy Africa 20 %
Roc Oil 3.2 %
Adrian Nel, Energy Africa's Chief Operating Officer said, "the technical
evaluation has been very positive and exploration in this concession adds
new exposure for the company to a number of exciting play types in a
frontier basin. Acquisition of 3-D seismic data will begin in April 2002,
with drilling activity expected in 2003. This participation forms part of
Energy Africa's continuing strategy of securing interests in potentially
high reward basins."
11 February 2002
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
Tamra Veley
+27 21 426 1233
In London:
College Hill
Nicholas Williams
+44 20 7457 2020
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