Hardman Continues Production Testing on Waraga-1 in Uganda

Hardman has continued to test the lowermost zone over the weekend on the Waraga-1 well in Uganda. Following a shut-in period the well was flowed through a 1 choke at a sustained flow rate of approximately 4,200 barrels of oil per day (bopd). As reported previously the oil is light but waxy, with a low gas to oil ratio. Pressure build-up tests indicate good permeability.

The current operation is preparing for testing of the two shallower oil-bearing horizons in the well, the first of which will commence later this week, before moving to the Mputa location.

Simon Potter, Hardman Managing Director and CEO, commented:

"The first flow test of Waraga-1 has exceeded our expectations of well productivity, demonstrating that the reservoir is highly permeable and, despite the waxy nature of the crude oil, that it is highly mobile in a production configuration. The basal sand zone tested here is oil-bearing in all three of the wells drilled so far and, although it appears not to be connected between the locations, is areally extensive so should add up to a significant resource."

Participants in Block 2 are Hardman with 50% and Tullow Oil with 50%.