Update on Kianika-1 Well in Tanzania

Source: www.gulfoilandgas.com 12/3/2010, Location: Africa

The Kianika-1 well on the Mandawa PSA in Tanzania (Maurel & Prom operator with a 90% working interest) has reached the planned depth of 3,040 m. The targeted carbonates of Mid Jurassic Mtumbei formation have been found and with good reservoir characteristics, which confirms the interest for this play in this region.

No hydrocarbon shows being encountered (possibly due to lack of effective lateral seal), Maurel & Prom has requested authorization to plug and abandon the well.

The Kianika-1 well is the second and last commitment well of the Initial Exploration Phase. Maurel & Prom is further evaluating the well results to determine the way forward with this block.

Maurel & Prom is engaged in a farm-out process of the Groupís interest in Tanzania.


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