Energy Africa Announces North Sea Licence Awards
Release Date: 01/08/2003 15:18:01 Code(s): ENR
Energy Africa Announces North Sea Licence Awards
ENERGY AFRICA LIMITED
Registration number : 1995/007140/06
(Incorporated in the Republic of South Africa)
JSE code: ENR ISIN code: ZAE000010427
ENERGY AFRICA ANNOUNCES NORTH SEA LICENCE AWARDS
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 Limited is pleased to announce that it has been awarded, through
its wholly owned subsidiary Unilon Oil Explorations Ltd, interests in six
"promote" blocks and in one traditional licence in the 21st Seaward Licensing
Round on the UK Continental Shelf.
In partnership with Kerr-McGee, Unilon was awarded a 50% interest in Block
16/13b which is located immediately north of Block 16/13d in which Unilon will
earn a 20% interest following the drilling of an exploration well scheduled to
commence in September 2003. In the newly instituted "promote" category of
licences which have an initial two year period for geological and geophysical
interpretation, Unilon was awarded interests in six blocks constituting four
contiguous areas. These are Blocks 211/17, 211/23d&28b, 211/24c and 3/5&10c
located in the East Shetland Basin.
Rhidwaan Gasant Managing Director of Energy Africa said "we are particularly
pleased to have been awarded Block 16/13b in partnership with Kerr-McGee as it
adds significant upside potential to the 16/13d and 16/12b area where we will
participate in a well in September. The award of the "promote" licences in the
Brent area of the North Sea provides an opportunity to develop prospects for
drilling in future years"
01 August 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
Date: 01/08/2003 03:18:05 PM Supplied by www.sharenet.co.za
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