Multiple objectives are interpreted in this prospect and, on the basis of seismic correlations between Waraga-1 and Mputa-1, we still expect to intersect deeper objectives, similar to the oil bearing intervals in Mputa-1, before Waraga-1 reaches total depth.
On March 5th the well was drilling ahead at 1,872 meters towards a revised planned total depth of approximately 2,050 meters. Wireline logs including a pressure and sampling program will be conducted to further evaluate this reported hydrocarbon interval and the expected deeper objectives.
Waraga-1 is located 19 kilometers to the northeast of the recently drilled Mputa-1 oil discovery well and 41 kilometers southwest of the Butiaba Waki-1 well (drilled in 1938). Waraga-1 is testing a structural prospect with identical geological targets to the oil bearing reservoirs seen at Mputa-1. The Waraga prospect was defined by the 2005 onshore seismic survey and the geological risk was significantly reduced by the success of Mputa-1."
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