Spudding of Ngaji-1 well in Uganda
June 22 2010 - 2:00AM
UK Regulatory
TIDMDPL
RNS Number : 9960N
Dominion Petroleum Limited
22 June 2010
22 JUNE 2010
Dominion Petroleum Limited
("Dominion" or the "Company")
Operations Update
Spudding of Ngaji-1 well in Uganda, Block EA4B
DOMINION IS PLEASED TO PROVIDE AN UPDATE ON ITS OPERATIONS:
Uganda Exploration Area 4B (Dominion Uganda Ltd 100%, Operator)
The John-14 rig was transported without incident to the drilling site on the
Ngaji (Silverback) prospect in May and June. The Ngaji location was chosen as it
was deemed the best place to test the geology of the Lake Edward Basin in
Uganda; specifically designed to identify elements of a working petroleum
system. The well was spudded yesterday, targeting a depth of 2,000 metres, and
should be completed during July. Dominion has put in place a full Emergency
Response and Evacuation Plan with teams at the site, Kampala and London.
An Environmental and Social Impact Assessment for a follow-on seismic programme
has also been initiated for subsequent appraisal work on the acreage later in
the year, followed by more drilling in 2011.
Andrew Cochran, Chief
Executive of Dominion Petroleum, commented:
"We are very pleased to announce that drilling has commenced on Ngaji yesterday.
This is the first well ever in the Lake Edward Basin and the data gathered will
guide our future work in the area.
"If the well is encouraging in terms
of geology we will acquire additional seismic before year's end to support a
much expanded exploration and appraisal drilling program commencing early next
year.
"I am also pleased that all of our operational plans as announced
in March have so far met our expectations in terms of safety, schedule and
cost."
ENQUIRIES:
Dominion Petroleum Limited
Andrew Cochran, Chief Executive Officer
Tel: +44 (0) 207 811 5300
Rob Shepherd, Finance Director
Pelham Bell Pottinger Public Relations
Archie Berens Tel: +44 (0) 207
861 3112 / +44 (0) 7802 442 486
Seymour Pierce Limited, NOMAD
Nandita Sahgal
Tel: +44 (0) 207 107 8000
Mirabaud Securities LLP, Joint Broker
Peter Krens
Tel: +44 (0) 207 321 2508
This information is provided by RNS
The company news service from the London Stock Exchange
END
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