Chinguetti-4-2 Looks Promising

Woodside Mauritania Pty Ltd. reports a preliminary evaluation of the wireline log data indicates that the well has intersected several oil-bearing sandstones in the primary objective over a gross hydrocarbon interval of 94 meters within the well. The well was drilled to a depth of depth of 2,655 meters. A shallower zone contains gas-bearing sandstones over a 3-meter interval. The logging and evaluation program is continuing. Following the completion of the logging program it is now planned to run a production test of the primary objective interval. Participants in the Area B PSC are Woodside Mauritania Pty Ltd as operator with 35%; AGIP with a 35%; Hardman Resources with 21.6%, Fusion Oil and Gas with 6% and Roc Oil holds the remaining 2.4%.