Energy Africa Ltd - Successful Elon Appraisal Well
Energy Africa Ltd - SUCCESSFUL ELON APPRAISAL WELL
Energy Africa Limited
Registration number : 1995/007140/06
(Incorporated in the Republic of South Africa)
JSE code: ENR ISIN code: ZAE000010427
ENERGY AFRICA ANNOUNCES SUCCESSFUL ELON APPRAISAL WELL OFFSHORE
EQUATORIAL GUINEA
Energy Africa Limited is a South African-based oil and gas exploration
and production group which is listed on the Johannesburg and Luxembourg
Stock Exchanges.
Energy Africa today announced that the Elon-2 appraisal well in Block G
in the Rio Muni Basin, drilled in a water depth of 50 metres in the
eastern portion of the Elon Field intersected 102 metres of net oil
reservoir. The reservoir interval was significantly better than
prognosed and the well increased the areal extent and size of the Elon
Field.
Rhidwaan Gasant, Energy Africa`s Managing Director said:
"the results of the Elon-2 well are very positive, particularly since
the field is in shallow water which is a significant benefit in terms of
lower development costs".
10 September 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 7767 24 25 66
Date: 10/09/2002 08:45:28 AM Produced by the JSE SENS Department
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