Exploration discoveries ///

Africa. Heritage Oil made a large oil discovery with its Giraffe-1 exploration well drilled on Block 1 in the Lake Albert region of Uganda. The company estimates that recoverable reserves may be more than 400 million bbl of oil combined with its adjacent Buffalo discovery. The Giraffe well found a 292-ft oil column with 125 ft of net pay and was drilled to a 2,213-ft TD. Heritage operates with 50% interest in partnership with Tullow Oil, which holds 50%. Apache Corp. tested a total of 80 MMcfd and 5,909 bopd from Jurassic reservoirs in three new discoveries in the Western Desert of Egypt. The Sultan-3x flowed 5,021 bopd and 11 MMcfd from the Alam El Buieb (AEB-6) and Safa formations. The well is located in the Khalda Offset Concession, 7 mi south of Apache’s Imhotep Field. The Adam-1x and Maggie-1x wells are on the Matruh Block north of the Sultan discovery. Dana Gas made a gas and condensate discovery with its Salma-1 exploration well on the onshore Nile Delta West Qantara Concession in Egypt.

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