Energy Africa Limited - Results Of G13-2 Appraisal
Energy Africa Limited - Results Of G13-2 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: RESULTS OF G13-2 APPRAISAL 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 that the G13-2 appraisal well drilled in
Block G, Offshore Equatorial Guinea in the Rio Muni Basin intersected a
significant oil column, the crude quality being similar to that intersected in
the G-13 discovery well.
Rhidwaan Gasant, Managing Director of Energy Africa said "the result of this
well provides confirmation of the prospectivity of the southern toethrust area
and further appraisal drilling will be undertaken."
A copy of an announcement by the operator, Amerada Hess, is attached.
25 February 2003
For more information about Energy Africa see: www.energyafrica.com.
Enquiries:
Energy Africa Ltd Adrian Nel +27 21 4007600
+27 82 806 8118
AMERADA HESS ANNOUNCES SUCCESSFUL RESULTS OF G-13-2 APPRAISAL WELL
New York, New York..February 25, 2003...Amerada Hess Corporation (NYSE: AHC)
announced today that the G-13-2 well drilled in Block G, offshore Equatorial
Guinea in the Rio Muni Basin, has confirmed the G-13 discovery made in November
2002. The G-13-2 well encountered 397 feet of net oil pay. It was drilled to
a total depth of 12,565 feet in 2,625 feet of water. The G-13-2 well is located
about 2.3 miles southeast of the G-13 discovery well and 13 miles south of the
Ceiba Field.
Brian Maxted, Senior Vice President of Global Exploration said that "this well
is very encouraging and demonstrates an important extension of the G-13
discovery. It significantly increases the likelihood that this area will prove
to be an important new oil fairway. Additional appraisal drilling is planned."
Amerada Hess has an 85% working interest in and is the operator of Block G.
Amerada Hess` partner in the block is Energy Africa Ltd. of South Africa, which
has the remaining 15% working interest. The government of Equatorial Guinea
would have a carried 5% participating interest in any production from this
discovery.
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: 25/02/2003 04:00:00 PM Supplied by www.sharenet.co.za
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