TYK (VSE) Tanganyika Oil Message Board

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Gold/Mining/Energy : TYK (VSE) Tanganyika Oil

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To: Ron Anderson who wrote ()	9/8/1999 10:20:00 AM
From: Greywolf	Read Replies (1) of 500

Tanzania Seismic Program Commences, Tanganyika Oil Company Ltd. Announces Tanzania Seismic Program Commences VANCOUVER, BRITISH COLUMBIA--TANGANYIKA OIL COMPANY LTD. is pleased to announce the commencement of a new exploration program on its Mandawa Block (2.53 million acres) in Tanzania. Approximately 160 line kilometers of 2D seismic data is being acquired to further evaluate the large Mita structure. This prospect was first tested by the Company in late 1996 when the Mita-1 well encountered strong oil and gas shows. The Mandawa Block covers a Jurassic rift basin 50 to 70 kilometers wide and contains the essential elements of a potential new hydrocarbon province. When fully interpreted, the new seismic survey is expected to validate a location to be drilled on the Mita structure in the summer of 2000. Tanganyika Oil Company Ltd., through its wholly owned subsidiary, Dublin International Petroleum (Tanzania) Limited is the operator of the Mandawa Block, holding a 100 percent interest. This is why I still own shares and will own more in this one. :)

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