Update on Kianika-1/Investor Conferences

 

TIDMDPL 
 
RNS Number : 3770X 
Dominion Petroleum Limited 
03 December 2010 
 

3 DECEMBER 2010 
 
                           Dominion Petroleum Limited 
 
                          ("Dominion" or the "Company") 
 
                              Update on Kianika-1 
        Presentations at Canaccord Genuity and RBS Investor Conferences 
 
Dominion announces that it has been advised by Maurel & Prom, operator of the 
Mandawa PSA in Tanzania (Dominion 10% working interest) that the Kianika-1 well 
has reached the planned depth of 3,040 m. The targeted carbonates of Mid 
Jurassic Mtumbei formation were found with good reservoir characteristics, which 
confirmed the rationale for investigating this play. 
 
No hydrocarbon shows being encountered (possibly due to lack of effective 
lateral seal), the well has been plugged and abandoned. 
 
Under a farm-out agreement with Maurel et Prom, Dominion's funding requirement 
in respect of the Kianika-1 well on the Mandawa licence was reduced from 100% to 
20% of the drilling costs and to 10% of associated expenses.   Dominion retains 
a 10% interest in all profits earned from the Mandawa licence. 
 
The Kianika-1 well is the second and last commitment well of the Initial 
Exploration Phase. Maurel & Prom is further evaluating the well results to 
determine the way forward with this block. 
 
Dominion participated in the annual "RBS Equities Oil Services and E&P Seminar 
2010" this week in London and also the "2010 Canaccord Genuity Global Energy 
Conference" in Miami. A copy of the conference presentation will be made 
available on the Company's website later today. The presentation  updates the 
Company's most recent activities focused on offshore Tanzania Block 7 and the 
Albertine rift straddling the border between Uganda and the Democratic Republic 
of Congo. 
 
ENQUIRIES: 
 
+-----------+-----------+ 
| Dominion  |           | 
| Petroleum |           | 
| Limited   |           | 
+-----------+-----------+ 
| Andrew    | +44       | 
| Cochran,  | (0) 20    | 
| Chief     | 7811 5300 | 
| Executive |           | 
| Officer   |           | 
+-----------+-----------+ 
| Rob       |           | 
| Shepherd, |           | 
| Finance   |           | 
| Director  |           | 
+-----------+-----------+ 
|           |           | 
+-----------+-----------+ 
| Pelham    |           | 
| Bell      |           | 
| Pottinger |           | 
| Limited   |           | 
+-----------+-----------+ 
| Archie    | +44       | 
| Berens    | (0)20     | 
|           | 7861      | 
|           | 3112 /    | 
|           | +44       | 
|           | (0)7802   | 
|           | 442 486   | 
+-----------+-----------+ 
|           |           | 
+-----------+-----------+ 
| RBC       | +44       | 
| Capital   | (0)20     | 
| Markets,  | 7653 4000 | 
| NOMAD     |           | 
| and       |           | 
| Joint     |           | 
| Broker    |           | 
+-----------+-----------+ 
|           |           | 
+-----------+-----------+ 
| Martin    |           | 
| Eales     |           | 
+-----------+-----------+ 
| Paul      |           | 
| Stricker  |           | 
|           |           | 
+-----------+-----------+ 
| Canaccord | +44       | 
| Genuity   | (0)20     | 
| Limited,  | 7050 6500 | 
| Joint     |           | 
| Broker    |           | 
+-----------+-----------+ 
| Tarica    |           | 
| Mpinga    |           | 
+-----------+-----------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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