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First Mauritania interest for Energy Africa

Energy Africa Mauritania has signed an agreement with Australian oil companies Woodside Petroleum, Hardman Resources and Roc Oil to acquire a 20% interest in Block 2 offshore Mauritania. The acquisition is subject to the approval of the Mauritanian government. The block covers 6,682 sq km and extends from near shore to a water depth of 220m. It is located south of Block 4 where the recent Chinguetti 1 discovery intersected a gross oil column of 90m. Acquisition of 3-D seismic data will begin in April 2002, with drilling activity expected in 2003.
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