Issue of Official Drilling Permit for Uganda
12/04/2010 7:00am
UK Regulatory
TIDMDPL
RNS Number : 0075K
Dominion Petroleum Limited
12 April 2010
12 APRIL 2010
Dominion Petroleum Limited
("Dominion" or the "Company")
Issue of Official Drilling Permit for Uganda
Dominion is pleased to report that it has received its drilling permit for
the Ngaji-1 well on Exploration Area Block 4B (EA4B), Dominion's first
exploration well in Uganda and the first ever to be drilled in the Lake Edward
basin. The permit was issued by Uganda's Department of Petroleum Exploration and
Production ("PEPD").
Dominion's team in Uganda is implementing a comprehensive programme, as
outlined in the application and environmental impact assessment ("EIA"), to
address all social and environmental matters associated with the drilling of the
well, expected to commence in June.
Andrew Cochran, Chief Executive of Dominion Petroleum, commented:
"We are very pleased to have received our formal drilling permit from the
Government of Uganda in such a timely fashion. We will be working very closely
with them to ensure that any impact on the local environment and community is
minimized. We take our social and environmental responsibilities in Uganda
extremely seriously and have already made considerable efforts to contribute to
the local community, whilst planning even more still. We view the issue of this
permit by the Government as a validation of our efforts to date.
"With preparations well under way, we are now moving rapidly towards initial
drilling in June and possibly more seismic to follow later in the year."
In the Official Drilling Permit, Ernest Rubondo, Ag.Commissioner for the
Department of Petroleum Exploration and Production, said:
"Having reviewed Dominion's application for consent to drill the Ngaji-1
well, we are satisfied it addresses the requirements for issuance of consent.
We therefore have no objection to Dominion's drilling of the well and wish them
every success."
ENQUIRIES:
Dominion Petroleum Limited
Andrew Cochran, Chief Executive Officer
Tel: +44 (0) 207 811 5300
Rob Shepherd, Finance Director
Pelham Bell Pottinger Public Relations
Archie Berens Tel: +44 (0) 207
337 1509 / +44 (0) 7802 442 486
Seymour Pierce Limited, NOMAD
Nandita Sahgal
Tel: +44 (0) 207 107 8000
Canaccord Adams Limited, Joint Broker
Jeffrey Auld, Elijah Colby Tel: +44 (0) 207 050
6500
Mirabaud Securities LLP, Joint Broker
Peter Krens
Tel: +44 (0) 207 321 2508
This information is provided by RNS
The company news service from the London Stock Exchange
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