Energy Africa Limited - Energy Africa confirms oil
Energy Africa Limited - Energy Africa confirms oil 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 CONFIRMS OIL DISCOVERY 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 confirmed that the G-13 exploration well in Block G, in the
Rio Muni Basin offshore Equatorial Guinea, has made a new oil discovery. The
initial results, announced earlier by Energy Africa, are today confirmed by the
operator, Amerada Hess. A copy of their announcement is attached.
26 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 11 447 3030
AMERADA HESS ANNOUNCES OIL DISCOVERY OFFSHORE
EQUATORIAL GUINEA
New York, New York..November 26, 2002...Amerada Hess Corporation (NYSE: AHC)
announced today that the G-13 wildcat well drilled in Block G, offshore
Equatorial Guinea in the Rio Muni Basin, has made a new oil discovery.
The well drilled in the southern part of the block, 10 miles south of Ceiba
Field, encountered 251 feet of net oil pay over a 963 foot interval. Wireline
sampling recovered 34 to 37 degree API oil and indicated good reservoir
characteristics. The water depth at the well location was 3,284 feet, and the
total depth of the well was 13,737 feet. After further technical review and
evaluation, Amerada Hess plans to drill an appraisal well in 2003 that also will
explore deeper objectives.
Brian Maxted, Senior Vice President of Global Exploration, said that "this well
in the southern toe thrust is an important discovery in a previously undrilled
area of Block G that may be a significant new oil fairway. We will appraise
this discovery in 2003 after drilling exploration wells on several other
prospects in Block G and adjacent Block F."
Amerada Hess has an 85% working interest in and is the operator of Block G and
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 will
have a carried 5% participating interest in any production from this discovery
in southern Block G.
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: 26/11/2002 04:07:35 PM Produced by the JSE SENS Department
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