Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : TYK (VSE) Tanganyika Oil -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (318)	11/9/2000 9:51:21 AM
From: Tommaso	Read Replies (2) \| Respond to of 500

NEWS RELEASE TRANSMITTED BY CCN - A NEWSWIRE SERVICE OF ITG FOR: TANGANYIKA OIL COMPANY LTD. CDNX SYMBOL: TYK NOVEMBER 9, 2000 - 09:40 EST Tanganyika Completes Seventh Well in the Hana Field, Egypt VANCOUVER, BRITISH COLUMBIA--Tanganyika Oil Company Ltd. (the "Company") is pleased to announce that it has successfully drilled and completed a seventh well in the Hana field, Gulf of Suez, Egypt. Please see attached map. Additional details of Tanganyika's activities can be found on the Company's newly launched website at www.tanganyikaoil.com. Hana-7, drilled as a development well, encountered 62 feet of net sand pay in the Kareem formation. The top of the sand, at 4,806 feet, is in the most favourable and highest position of the Hana reservoir. Upon completing Hana-7 as an oil producer, the rig will immediately commence with the drilling of the Hana-8 well. The successful completion of these two additional producers will substantially boost field capacity above the current level of 2,000 barrels of oil per day. The Hana-7 and Hana-8 development wells constitute the initial phase of a multi-well development and pressure maintenance drilling program scheduled to be completed in early 2001. Tanganyika Oil Company Ltd., through its wholly owned subsidiary, Dublin International Petroleum (Egypt) Limited, is the operator of the West Gharib Block, holding a 50% interest. Drucker Petroleum Inc., a wholly owned subsidiary of Drucker Industries Inc., holds a 20% interest and GHP Exploration (West Gharib) Ltd., a wholly owned subsidiary of TransAtlantic Petroleum Corp. holds the remaining 30% interest. ON BEHALF OF THE BOARD Edward L. Molnar, President NOTE: Location map available from the company at the number(s) listed below or on the CCN Disclosure website at www.cdn-news.com -30- FOR FURTHER INFORMATION PLEASE CONTACT: Tanganyika Oil Company Ltd. Edward L. Molnar President (403) 234-8199 or Tanganyika Oil Company Ltd. Hanna Clark Executive Assistant (403) 234-8199 or Tanganyika Oil Company Ltd. Sophia Shane Corporate Development (604) 689-7842 Website: www.tanganyikaoil.com The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. INDUSTRY: OIS SUBJECT: OEX -0- =================================================================== You may change your service options at anytime by visiting: cdn-news.com =================================================================== 1109035N.TR