ENERGY AFRICA ANNOUNCES EXTENSION TO ELON DISCOVERY OFFSHORE EQUATORIAL
GUINEA
Energy Africa Limited
Registration number: 1995/007140/06
(Incorporated in the Republic of South Africa)
JSE code: ENR
ISIN code: ZAE000010427
ENERGY AFRICA ANNOUNCES EXTENSION TO ELON DISCOVERY OFFSHORE EQUATORIAL
GUINEA
Energy Africa today announced the G-9 well in Block G has proved a
significant extension to the Elon discovery, from the G-8 well announced in
March, in the Rio Muni Basin offshore Equatorial Guinea. The well
encountered 89 metres of net oil pay and was drilled to a total depth of
1,742 metres. The well is 2.6 km from the previous Elon discovery, itself
about 24 kilometres northeast of the Ceiba Field and 6km east of the Oveng
discovery.
Rhidwaan Gasant, Energy Africa`s Chief Executive Officer, said, "This well
underlines the prospectivity of the area and, through its proximity to the
Oveng discovery, enhances the economics of the potential future development
of the area."
The operator of Blocks F and G in Equatorial Guinea is Amerada Hess
Corporation. A copy of their press release is attached.
14 May 2002
For more information about Energy Africa see: www.energyafrica.com.
Enquiries:
In Cape Town:
Energy Africa Ltd
Adrian Nel
+27 82 806 8118
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Tamra Veley
+27 21 426 1233
In London:
College Hill
Nicholas Williams
+44 20 7457 2020
Amerada Hess Announces Extension of the Elon Field Offshore Equatorial
Guinea
New York, New York, May 14, 2002
Amerada Hess Corporation (NYSE: AHC) announced today that the G-9 well
drilled offshore Equatorial Guinea on Block G in the Rio Muni Basin has
proved a significant extension of the Elon Field discovered by the G-8 well.
The G-9 well encountered 291 feet of net oil pay and was drilled to a total
depth of 5,714 feet in approximately 183 feet of water. The G-9 well is
located about 1.6 miles south of the G-8 discovery well and 14 miles
northeast of Amerada Hess` Ceiba Field.
"The G-9 well provides further confirmation of our working exploration model
in this part of the Rio Muni Basin and it substantially increases the size
of the Elon Field," said Brian Maxted, Senior Vice President of Amerada Hess
in charge of West African operations.
Amerada Hess has an 85% working interest in and is the operator of Block G
and adjacent Block F. Amerada Hess` partner in the blocks is Energy Africa
Ltd. of South Africa, which has the remaining 15% working interest. The
government of Equatorial Guinea has a carried 5% interest in Ceiba Field
production and would have a carried 5% participating interest in any Elon
commercial production.
About Amerada Hess Corporation
Amerada Hess, headquartered in New York, is a global integrated energy
company engaged in the exploration for and the production, purchase,
transportation and sale of crude oil and natural gas, as well as the
production and sale of refined petroleum products.
CONTACT:
AMERADA HESS CORPORATION
CARL TURSI (212) 536-8593
Date: 14/05/2002 04:37:25 PM Produced by the SENS Department
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