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Drilling Commences on Buzi-Divinhe Block in Mozambique.


VANCOUVER Vancouver, city, Canada
Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border.
, British Columbia--(BUSINESS WIRE)--Sept. 2, 1997-- Leopardus The genus Leopardus consists of small spotted cats native to North and South America. Members of the genus are:
  • Pantanal (Leopardus braccatus)
  • Colocolo (Leopardus colocolo)
  • Geoffroy's Cat (Leopardus geoffroyi)
  • Kodkod (
 Resources Limited ("the Company") has been informed by its co-venturer, Scimitar Hydrocarbons hydrocarbons (hīˈ·drō·kärˑ·bnz),
n.
 Corp. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :SIY SIY Spooksoliy (Spocania) ) of Calgary, Alberta, that drilling of the first exploration well on the Buzi-Divinhe Block, the Bandua-1, commenced on Aug. 30, 1997.

Drilling of this well is expected to take two to three weeks. Logging, completion and testing, if required, would take up to an additional month.

The Bandua-1 location is approximately 40 kilometers southwest of the port city of Beira and is near the Buzi-1 discovery well on the Buzi-Divinhe Block, which tested natural gas at a rate of 8.7 million cubic feet per day when it was drilled in 1962. The Bandua-1 prospect appears to be an analog of the Buzi field, but significantly larger.

The second well, the Garabega-1 is scheduled to be drilled beginning in late September and to reach total depth during October 1997. The Garabega-1 location is 40 kilometers further south of the Bandua-1 in the central portion of the Permit. This prospect appears to be potentially larger than Bandua-1, but is assessed to be higher risk because it is further from existing well control.

Both locations were selected after interpretation of the data acquired from the 1996 seismic program. Each well location is considered to be prospective for natural gas and gas condensates in the several high-permeability Grudja sands which occur at a depth of approximately 6,000 feet.

Leopardus Resources Limited is an international oil and gas exploration and development company. As part of its ongoing activities, the company is participating with major industry partners in developing the resources and infrastructure necessary to serve the natural gas markets in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. , Zimbabwe and Mozambique.

On behalf of the board of directors of Leopardus Resources Limited

-0-

The contents of this news release have neither been approved nor disapproved by the Vancouver Stock Exchange Vancouver Stock Exchange (VSE)

A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies.


Vancouver Stock Exchange

See Canadian Venture Exchange (CDNX).
.

CONTACT: Leopardus Resources Limited, Vancouver

Stuart W. Rogers, 604/643-1750

Fax: 604/643-1789
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 2, 1997
Words:328
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