Energy Africa Announces New Exploration Ventures
Release Date: 25/07/2003 16:32:23 Code(s): ENR
Energy Africa Announces New Exploration Ventures
Energy Africa Limited
Registration number : 1995/007140/06
(Incorporated in the Republic of South Africa)
JSE code: ENR ISIN code: ZAE000010427
ENERGY AFRICA ANNOUNCES NEW EXPLORATION VENTURES
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 the signature of petroleum exploration
agreements in respect of the St. Louis Block offshore Senegal and blocks 16/12b
and 16/13d on the UK Continental Shelf.
In Senegal the agreement signed with Petrosen, Senegal"s state oil company,
covers the northern-most section of the Senegalese offshore area. Energy Africa
has a 90% interest and Petrosen a 10% interest. The block adjoins Mauritanian
Block 1 in which Energy Africa has a 32% interest. Seismic surveys will be
undertaken in the initial two-year period.
Blocks 16/12b and 16/13d on the UK Continental Shelf are operated by Kerr-McGee
with whom Energy Africa has signed an agreement for the acquisition of a 20%
interest. A well will be drilled in September-October.
Rhidwaan Gasant, Managing Director of Energy Africa said "We are pleased to have
consolidated our position in the under-explored Senegal-Mauritania offshore
basin and to have taken a position in the UK North Sea where new exploration
concepts have yielded discoveries and have upgraded the potential of hitherto
undrilled areas".
25 July 2003
For more information about Energy Africa see: www.energyafrica.com.
Enquiries:
Energy Africa Ltd Adrian Nel +27 21 400 7600
+27 82 806 8118
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