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Wednesday, 03/15/2017 9:20:39 AM

Wednesday, March 15, 2017 9:20:39 AM

Post# of 18778
Tullow Oil will be drilling an additional four wells with two of them confirmed and the rest in contingent status according to a source with information on the matter.

The operator had earlier said it would drill four wells in 2017 in the South Lokichar basin including Erut and Etete prospects Amosing 6 and Ngamia 10 appraisal wells with the potential to extend this by a further four wells depending on the success of the initial wells.

Etom ComplexIt is unclear whether the additional wells indicate success at the Amosing 6 appraisal well currently being drilled with the Erut discovery having confirmed the potential of the northern portion of the Lokichar Basin unlocked earlier by the Etom-2 discovery.

The source adds that already the company is said to have decided on the first additional two wells which include the Emukuya prospect to the north of the South Lokichar basin while another two will be appraisal wells.

Earlier joint venture partner Africa Oil had named a number of near term prospects including: Tulya, Thilli, Linga, or Lukwa Prospects in South Kerio (Block 10BB) North Samaki & Kifaru Prospects, in the North Turkana (Block 10BA). Further north a number of Northern Prospects were said to be under evaluation including: Ebenyo, Laboria and Erut in Block 13T Ekadeli, Elim and Ekamongo in Block 10BB.

In January announced a budget of $225M of the Group’s capital expenditure to Kenya’s Pre-development, Exploration and Appraisal Expenditure this year of which $125 million is set aside for Exploration and Appraisal spend and the rest to pre-development expenditure.

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