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Bounty Oil & Gas provides Tanzania updates


Published Dec 6, 2007
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Bounty Oil & Gas provides Tanzania updates

Bounty Oil & Gas says that the Kiliwani #1 well has encountered encouraging gas shows in the shallow section indicating potential gas in the target structure.

The well, which was spud on November 15th, has been drilled to the intermediate casing point. Encouraging gas shows were recorded in the 1,163 – 1,241 meter interval indicating hydrocarbons in the Kiliwani structure.

The main target interval is at approximately 2,340 meters in Lower Cretaceous sands.

Ndovu Resources (Aminex) is the operator with a 39% stake. Other partners in the well are RAK Gas with 25%; Key Petroleum with 20%, East African Exploration with 10% and Bounty Oil & Gas with 6%.

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