Energy Africa Limited - Energy Africa Announces Oi
Energy Africa Limited - Energy Africa Announces Oil Discovery In G13 Well
Release Date: 08/11/2002 17:03:04 Code(s): ENR
Energy Africa Limited - Energy Africa Announces Oil Discovery In G13 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 OIL DISCOVERY IN G13 WELL
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 is pleased to announce an oil discovery in the G13 well currently
being drilled some 18km south of the Ceiba field in the Rio Muni Basin in
Equatorial Guinea where the company holds a 15% interest in offshore Blocks G
and F. Logs and pressure data have confirmed that hydrocarbon saturations
reported in the Operational Update of 4 November are light oil in a potentially
commercial reservoir interval. The base of the oil column has not yet been
reached and its extent may be greater than that already seen. Drilling will
continue but further results are unlikely before the middle of next week. The
commerciality of the discovery cannot yet be evaluated and appraisal drilling
will probably be required to determine the full extent of the accumulation.
Rhidwaan Gasant, Energy Africa Limited`s Managing Director said: "This is our
fifth discovery this year. We are very encouraged by the results of the G13
well and we are confident that further discoveries will be made in Blocks G and
F in the Rio Muni Basin."
8 November 2002
For more information about Energy Africa see: www.energyafrica.com.
Enquiries:
Energy Africa Ltd Adrian Nel +27 82 806 8118
College Hill Nicholas Williams +27 83 607 0761
Date: 08/11/2002 05:03:00 PM Produced by the JSE SENS Department
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