Uquo-5 Appraisal/Development Well Spudded

Monday, May 12, 2008

Gulf of Guinea Energy Limited is pleased to announce the spudding of the first of two back to back appraisal/development wells in the Uquo field, within the Eastern Niger Delta, onshore Nigeria.



Uquo-5 well will be drilled to a depth of 8,500 feet by Henan Petroleum Company Nigeria, using the HPEB119 drilling rig. The rig will then move to drill the Uquo-6 well.