Heritage provides Uganda drilling update

Heritage Oil Limited, an independent upstream exploration and production company, provides drilling results from its Kingfisher-2 exploration and appraisal well in Block 3A, Uganda.

Heritage has a 50% interest in Block 3A, while the operator, Tullow Oil holds the remaining 50%.

Excellent oil shows have already been encountered over a gross vertical interval of approximately 105 metres from three potential sandstone reservoir zones, the company has reached a drilled depth of 2,922 metres.

Preliminary interpretation of the zones, prior to wireline logging, indicates that the well can produce at a combined flow rate of 9,773 barrels of oil per day in the Kingfisher-1 well.

Kingfisher-1 was completed in early 2007 and is located approximately 1.5 kilometres to the south-west of Kingfisher-2.

Tony Buckingham, CEO, is delighted to have encountered excellent oil shows over such a large vertical interval.

This is very encouraging for increasing oil reserves in the Albert Basin and we look forward to undertaking successful production tests later this summer, concluded Mr. Buckingham.