Heritage Oil to Resume Ops on Uganda Block
Heritage Oil says that its operations at Block 3A, Uganda are to resume imminently.
Heritage continues to maintain personnel at its bases in Blocks 3A and 1 and the timing of the drilling of the Kingfisher-2 well, which is anticipated to spud towards the end of the year, has not been affected. Seismic operations in Block 1 have continued uninterrupted.
Over the last three days Heritage has had a series of meetings with officials of the Government of Uganda who have been extremely supportive and have guaranteed the safety of all personnel and the security of the Company's operations. The Ministry of Energy and Mineral Development of Uganda issued a press release on August 5, 2007, which included the following statements:
"The Government of Uganda fully supports the continued efforts of Heritage Oil & Gas and Tullow Oil plc in the exploration and development of oil in the Lake Albert region. The oil companies and the Government are working together to fast-track development of the oil industry through a phased development, commencing with the Early Production Scheme in mid-2009."
"We consider the unfortunate security incident on Lake Albert on August 3 an isolated event, and shall provide whatever assistance we can to guarantee the safety of the oil companies and our personnel, to ensure no delays occur to the work programs."
Heritage intends to continue to fast-track exploration and appraisal work programs in Blocks 3A and 1 in Uganda.
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