Hardman confirms that the lowermost zone in the Waraga-1 well was successfully perforated at 09:00hrs on 22nd June 2006. The well flowed oil to surface and a stabilised rate has been established sufficient to derive composition, flow characteristics and key reservoir parameters. Initial results show a flow rate of c.1,500 bopd of 33.8 degree API oil through a 36/64” choke. The well is now shut in for pressure build up prior to further flow testing later today.
This lower zone will continue to be tested over the next 48 hours. Subsequently, further flow tests will then be conducted on the two other identified hydrocarbon bearing horizons in this well. Testing on all three zones at Waraga-1 is estimated to take approximately 14 days. Following testing at this well location, the future programme at Mputa will be determined. The next testing programme update is scheduled for Tuesday, 27th June.
Simon Potter, Hardman Managing Director and CEO, commented: “The Hardman-operated exploration programme in Uganda has delivered three discoveries in the first three wells and now the first oil flow not only for Uganda but also in East Africa, south of the Sudan. The hydrocarbons flowing to surface from the first of three potentially productive zones in a single well give further grounds to establish the commercial potential of the region. We also note that these zones are represented in the other wells, which is indicative of the areal extent of these sands and play systems. However, it is important to bear in mind that Hardman’s exploration programme in Uganda is at an early stage. Over the next 18 months we look forward to more fully appraising the potential of this licence, including the highly prospective area under Lake Albert, where geological analysis suggests there is significant further upside potential.”
Equities in Block 2 are:
Hardman Petroleum Africa Pty Ltd (Operator) 50.0%
Tullow Oil 50.0%
