Hardman Resources has said examination triumph in north-western Uganda in an on coast area surrounding northern Lake Albert points to a new African oil province. Investigation outcomes from the Waraga-1 well survive highly-positive for profit-making of Ugandan unearthing, with a cumulative flow rate of more than 12,000 barrels a day achieved.

“In the company’s June quarter report, Hardman’s chief executive Simon Potter said that a plan for aggressive auxiliary exploration has been proposed to follow up these discoveries, which have opened up a new potential African oil province.

Hardman has moved the testing rig 18km from Waraga-1 to Mputa-1 where testing is expected to commence either later this month or early next month.

Potter said, Hardman, which is currently producing in Mauritania, is disappointed by the unexpectedly poor production performance of the Chinguetti field off the coast of Mauritania since April although production appears to have stabilized in recent weeks.
Hardman has a 19.01% stake in Chinguetti.

Lake Albert is one of rift valley lakes in Uganda and its Oil productive potential will be vital for the transport industry hence a benefit to the tourism industry.

By NAMISI

Uganda Tourism News