News

September 22, 2008

Dominion Petroleum All Set To Spud First Frontier Exploration Well In Tanzania Soon

We wrote recently that the junior Dominion Petroleum has become a new kid on the block on the emerging oil province of East Africa. Much of the pretty intense news coverage has focused on Uganda where London-listed Tullow Oil and Heritage Oil have enjoyed a run of exploration successes.

Dominion, which listed on London’s AIM in December 2006, has set out to prove there is more to Uganda than Lake Albert. The group is busy working up acreage in the Lake Edward Basin to the south, where it is currently shooting 368 km of land data over its 100 per cent owned Block 4B near the border with Democratic Republic of Congo. (The company also has an interest in the 7,105 sq km Block 5 in the Democratic Republic of the Congo which adjoins Block 4B.) This will be followed by a 170 km...