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    Canadian Firm Finds More Oil


    The Monitor (Kampala)

    July 2, 2004
    Posted to the web July 1, 2004

    Badru D. Mulumba & Elias Biryabarema
    Kampala

    A Canadian firm exploring for oil in western Uganda yesterday said it had found more oil deposits. The announcement, contradicting earlier reports that said its equipment broke down, come barely a year after the firm, Heritage Oil and Gas, announced finding traces of oil during its first oil drilling attempt last year.

    "The well did not only confirm the oil and gas shows encountered in Turaco-1 (first oil well), but it encountered more oil and gas shows in the deeper parts of the prospect," the Energy ministry Permanent Secretary, Mr Kabagambe-Kaliisa, announced last evening. It was moments after signing a new agreement with Heritage.

    The first well, drilled in 2002, was dug up to a depth of 2,487 metres in the Semliki basin before the drill broke down. The second well was this year drilled to a depth of 2,963 metres. Under yesterday's agreement, the firm is expected to step up operations into Pakwach.

    The agreement, a culmination of negotiations started in October 2003, gives the oil firm rights over a 4,285 square kilometre exploration area, Kabagambe said.
 
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