Oct. 23, 2009 (Hugin AS) --
Artumas Group Inc. is pleased to announce the commencement of
drilling in the Onshore Rovuma Block in Mozambique. The Block is
operated by Anadarko Petroleum Corporation. The Mecupa-1 well is
the first well in the Mozambique Rovuma Basin since 1986. Mecupa-1
well, commenced drilling on October 11th 2009. Further details and
drilling results will not be released until the drilling and
subsequent technical evaluations have been completed.
Artumas will also participate in drilling of the first offshore
Mozambique well within the Area 1 Offshore Mozambique Block. A deep
water drill ship is expected to arrive in Mozambique in late November
2009. The first of four deep water wells is expected to begin
drilling in December 2009.
The Rovuma basin is a frontier Tertiary basin similar to other known
prolific hydrocarbon bearing Tertiary basins around the world.
Following the acquisition of extensive seismic data over the past two
years in onshore and offshore Mozambique, Artumas is excited about
exploring in the Mozambican Rovuma Basin immediately to the south of
Artumas' Mnazi Bay Concession in Tanzania where the Mnazi Bay and
Msimbati gas fields are located and prove the existence of a working
hydrocarbon system within the Rovuma Basin.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
http://hugin.info/136496/R/1349897/325501.pdf
