Cabinda Onshore South Block, Angola: Activity Update
18 FEB 10
Lacula Oil Company Limited, a wholly owned subsidiary of ROC, provides an update on activity at the Cabinda Onshore South Block, Angola.
Production testing is currently in progress on the Castanha-1 exploration well. The Operator has advised that an initial test recovered 400 BBLs of 33º API oil to surface from a 4 metre test interval (between 2,217 mBRT and 2,221 mBRT) in the pre-salt Chela Formation, which was reported as a maximum flow rate of 2,275 BOPD through a 5/8 inch choke. As previously advised, the well encountered a gross hydrocarbon column of approximately 15 metres between 2,214 mBRT and 2,229 mBRT.
Production testing is continuing and a full evaluation of results will be required before the potential of the discovery can be determined.
Participating Interests in the Cabinda Onshore South Block are:
Pluspetrol Angola Corporation (Operator)........................45%
Force Petroleum de Angola, S.A.........................................20%
Sonangol P&P........................................................................20%
Lacula Oil Company Limited (ROC)..................................10%
Cuba Petroleo..........................................................................5%
For further information see: Stock Exchange Release 18.02.10