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Ophir Announces Successful Results from Gas Appraisals in Tanzania

Ophir Energy, the oil and gas exploration company operating in Africa announced positive results for its three-well appraisal programs on the Jodari field, Block 1 in Tanzania.

The company, in joint venture with BG Group, holds 40% of Blocks 1, 3 and 4 and the BG Group operates with 60%.

According to Ophir, the wells showed consistent, high reservoir of quality natural gas across the Jodari field and confirmed the estimate of 3.4 trillion cubic feet of recoverable gas.

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The Chief Executive Officer of Ophir Mr Nick Cooper stated that :”The appraisal program has significantly de-risked the Jodari field underlining its potential to anchor Tanzania’s first multi-train LNG development.”

The viability of high-angle drilling was also confirmed, which leads to lower developing costs.

The Ophir-BG joint venture is now due to appraise the Mzia discovery and return to Jodari-1 to conduct Tanzania’s first flow test.

According to Mr Cooper thereafter the joint venture expects to return to high impact exploration drilling in Block 1 during Q1 2013.

Official estimates of overall recoverable natural gas reserves in Tanzania were recently raised from 28.74 trillion cubic feet (tcf) to 33 following latest large offshore discoveries.

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