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Tullow Oil plc provices update on Kingfisher-1 exploration well

Heritage Oil, the operator of the Kingfisher-1 exploration well in Uganda, in which Tullow Oil plc is a 50% partner, has issued an update on the progress of the well.

Heritage Oil Corporation is preparing to production test the Kingfisher-1 exploration well in Block 3A, Uganda. The Company is planning to test up to four intervals with a total net pay of 37 meters in a stacked sand and shale sequence that is typical of the basin. In order to do so, drilling operations have been temporarily suspended.

The well has been drilled to a depth of 2,125 meters, and wireline logs and formation pressure testing and sampling have evidenced encouraging indications of hydrocarbons. Heritage anticipates that it will commence testing of the Kingfisher-1 well within a month and the testing program is scheduled to take up to three weeks.

The well encountered hydrocarbons within a section above the primary objective. Drilling to the primary objective is planned to recommence after this initial well testing operation has been completed. It is estimated that it could take a further 60 days to reach target depth of between 3,000 and 4,000 meters.