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Tullow Confirms Successful Appraisal Well in Uganda

Source: www.gulfoilandgas.com 12/11/2008, Location: Africa

Tullow Oil plc (Tullow) announces successful drilling results from the Kingfisher-3 appraisal well, Block 3A. The well was drilled to evaluate the southwestern flank of the Kingfisher structure.

Kingfisher-3 encountered oil in three reservoirs, which were all structurally higher than expected. Results of drilling, wireline logs and samples of reservoir fluid indicate that these oil-bearing sands have a total thickness of up to 40 metres over a gross interval of approximately 110 metres. Pressure data indicates that the three intervals are in communication with the three reservoir intervals previously production tested in the Kingfisher-1 and Kingfisher-2 wells.

Analysis from the previous two wells on the structure had suggested the potential for this well to encounter the oil-water contact. No contact has however been intersected and pressure data indicates that the oil-water contacts for the three zones are significantly deeper than the original prognosis.

The success of this well has significantly increased the areal extent of the Kingfisher field and in conjunction with the deeper oil-water contacts gives increased confidence in a resource upgrade. The Kingfisher field is now the largest light oil discovery in East Africa.

The well will now be sidetracked to an anticipated depth of 2,860 metres and then suspended. Operations are expected to be completed by late January or early February 2009.

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