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mauritanian drilling update

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    Mauritanian Drilling Update: Heron 1 (Block 20)
    Australian based oil and gas exploration company Baraka Petroleum Limited (ASX: BKP) has
    been provided with an update on the drilling of Heron-1 within Coastal Block 20 in Mauritania by
    operator and joint venture partner CNPC International Mauritania Limited (CNPCIM).
    This update is as follows:
    The land-drilling rig ZJ50LDB operated by drilling operator GWDC (Great Wall Drilling Company)
    has continued drilling the CNPCIM operated Heron-1 exploration well in Coastal Block 20 onshore
    Mauritania, West Africa (see Figure 1).
    As at 2:00 pm (AWST) on 30 October 2006, the well had been drilled to a depth of 803.5 metres
    (KB) where the 13 3/8 inch casing was set. The operations were ready to drill ahead in 12 ¼
    inch hole.
    So far, the well has encountered largely sandstone to a depth of 281m (KB) followed by
    interbedded claystone and limestone to 404m, limestone from 404 – 680m and interbedded
    claystone and limestone from 680m – 803m.
    The primary objective for Heron-1 is at approximately 2000m in Cenomanian sandstones and a
    secondary target at approximately 3600m in Aptian sandstones and limestone (see Figure 2).
    The Total Depth (TD) of the Heron-1 well is planned at 3800m.
    The drilling of exploration well Heron-1 is expected to take between 70 and 80 days to complete
    to a depth of 3,800m and will include four casing strings.
    CNPCIM is a wholly owned subsidiary of CNPC International Limited (CNPCI) and is Operator of
    Block 20 with 65% interest. Baraka Petroleum’s interest in Block 20 is 35%.
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