Re. Drilling Contract
May 09 2002 - 4:55AM
UK Regulatory
RNS Number:6731V
Fusion Oil & Gas PLC
9 May 2002
Fusion Oil & Gas plc
("Fusion" or "the Company")
Award of Mauritania Drilling Contract
Fusion is an international oil and gas exploration company, with extensive
interests in deepwater West Africa, comprising 8 licenses across 6 countries.
During 2002 the Company will be drilling up to three wells on its Mauritanian
acreage where its first well, Chinguetti-1, was a significant oil and gas
discovery.
Fusion announces that Woodside Mauritania Pty Ltd acting as Operator of the
Mauritania PSC A & B joint ventures has entered into a contract with Chevron/
Texaco and Transocean Sedco Forex for an assignment of the Deepwater Discovery
rig from its current contract with Chevron/Texaco.
The rig is contracted to arrive in Mauritania within a 2 month window of August/
September pending its current operations in West Africa. The contract in
relation to PSC's A & B is for one firm well with two single well options.
For further details please refer to the company's web page www.fusionoil.com.au
or contact:
9 May 2002
Fusion Oil & Gas plc Tel: +61 89 226 3011
Alan Stein, Managing Director Fax: +61 89 226 3022
Australia e-mail: astein@fusionoil.com.au
Peter Dolan, Chairman Tel: 020 8891 3252
England Fax: 020 8891 1555
e-mail: peter@fusionoil.demon.co.uk
College Hill Associates Tel: 020 7457 2020
Peter Rigby Fax: 020 7248 3295
James Henderson e-mail: Peter.Rigby@collegehill.com
This information is provided by RNS
The company news service from the London Stock Exchange
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