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Market:	ASX
Sector:	Oil and Gas Exploration and Production
EPIC:	WLR
Latest Price:	0.03 (0.00%)
52-week High:	0.07
52-week Low:	0.02
Market Cap:	7.20M

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World Oil Resources

World Oil Resources (ASX: WLR) is exploring for oil in Kansas.

Eromanga Hydrocarbons reports more oil shows

Wednesday, October 07, 2009

Eromanga Hydrocarbons (ASX: ERH) has reported further good oil shows following the completion of coring operations on the Tatu 2 appraisal well at Block 430 onshore the Sergipe Alagoas Basin in Brazil.

The encouraging oil shows were encountered in the third reservoir interval from 1,151m depth, with 10m of core retrieved and about 7m reported as being oil soaked and having good fracture porosity.

Oil shows have so far been recorded from 1,048m and core recovered from each of the three reservoir intervals has been oil soaked.

Tatu 2 is the first appraisal well on Block 430 following the Gavea Joint Venture’s discovery at Tatu 1, which tested oil in two zones and registered over 50m of oil shows.

Melbourne-based Eromanga holds a 40% interest in the Harpia oilfield (previously Block 330) and Block 430 in the Sergipe Alagoas Basin, with UBX Ltda being the operator and holding the balance of equity in the JV.

Test production commenced at Harpia in October 2008.

Eromanga advised that Halliburton is scheduled to arrive this week to conduct drill stem tests over the Tatu 2 reservoir intervals that have had oil shows in drill cuttings and core.

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