WORLDWIDE OIL AND GAS EXPLORATION
We are pleased to offer an overview of Wessex Exploration plc and its holdings in several UK and international hydrocarbon projects.
Guyane Update
The following excerpt is from the Interim Management Statement of Tullow Oil, released on 12 May, 2010. Tullow Oil is operator of the large Guyane Exclusive Exploration Permit in the offshore of French Guiana (Guyane).
Wessex Exploration plc holds a 1.25% equity and working interest in the Permit, through its 50% holding in Northpet Investments Limited.
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South America
Activity has focused on the transform margin from Guyana through Suriname to French Guiana where the Group is seeking to replicate its success in Ghana. Acquisition of a 2,500 sq km 3D seismic survey in French Guiana was completed in March and initial interpretations are very encouraging. Plans are progressing for drilling operations to commence in both French Guiana and Guyana around year-end.
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