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Artumas Group has confirmed the commencement of drilling in the Onshore Rovuma Block in Mozambique. The Block is operated by Anadarko Petroleum Corporation. The Mecupa-1 well is the first well in the Mozambique Rovuma Basin since 1986. Mecupa-1 well, commenced drilling on October 11th 2009. Further details and drilling results will not be released until the drilling and subsequent technical evaluations have been completed.
Artumas will also participate in drilling of the first offshore Mozambique well within the Area 1 Offshore Mozambique Block. A deep water drill ship is expected to arrive in Mozambique in late November 2009. The first of four deepwater wells is expected to begin drilling in December 2009.
The Rovuma basin is a frontier Tertiary basin similar to other known prolific hydrocarbon bearing Tertiary basins around the world. Following the acquisition of extensive seismic data over the past two years in onshore and offshore Mozambique, Artumas is excited about exploring in the Mozambican Rovuma Basin immediately to the south of Artumas' Mnazi Bay Concession in Tanzania where the Mnazi Bay and Msimbati gas fields are located and prove the existence of a working hydrocarbon system within the Rovuma Basin.