Tanzania well shows gas

Bounty Oil & Gas NL has encountered gas shows in its Kiliwani #1 well offshore Tanzania.
Dec. 6, 2007

Offshore staff

PERTH, Australia –Bounty Oil & Gas NL has encountered gas shows in its Kiliwani #1 well offshore Tanzania. Encouraging gas shows were recorded at 1,163-1,241 m (3,815-4,072 ft) at the intermediate casing point.

Ndovu Resources Ltd. (Aminex) is operator with 39%, Bounty has 6%, RAK Gas Commission has 25%, Key Petroleum Ltd. has 20%, and East African Exploration Ltd. the remaining 10%.

12/05/2007

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