Oil Discovered at Second Site in Hoima District

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Oil has been discovered at a second exploration site on shores of Lake Albert in Hoima district Energy explorer, Tullow Oil, reports that it has found oil deposits at the Waraga-1 exploration well in Uganda, though it says more investigation is needed to quantify its potential. Waraga-1 exploration well is 19 kilometers to the northeast of the recently drilled Mputa-1 well, at which substantial oil deposits were also discovered. Last month Tullow Oil announced that it had found oil at the Mputa-1 well, but said it was too early to comment on its potential. A press statement from Tullow Oil says that since February 28th, the Waraga-1 well has been drilled to a depth of 1,768 meters. An investigation on the hydrocarbons encountered in the well indicates that the hydrocarbon type is oil. However the statement notes that no oil water contact has been observed, but samples are expected to be obtained soon. The Waraga-1 exploration well is operated by Australia's Hardman Resources, in which Tullow Oil is a 50% partner. Waraga-1 is located about 41 kilometers southwest of the Butiaba Waki-1 well, which was drilled without success in 1938.