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Sunday, August 20, 2006 11:24:52 AM
Chevron recently announced that the Obo 1 Well, in adjacent Block 1, has encountered Oil and Gas in excellent sands,
Independent report by PGS on Block 2 estimates:
-Risked Prospective Resources of 900 million barrels;
-Top four prospects each have Prospective Resources (unrisked) ranging from 200 to 600 million barrels;
3D seismic has been purchased;
Partners aggressively seeking rig;
Anticipate drilling in 2007/08.
Source: EQUATOR EXPLORATION LIMITED EQUATOR EXPLORATION LIMITED Exploring West African Waters Exploring West African Waters Corporate Presentation June 2006
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