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The Ghana National Petroleum Corporation (GNPC), announces today the Sankofa East-1 discovery. The exploration well which is located in the Cape Three Point Block offshore Ghana, has encountered 18.5 metres (61 feet) of gas-condensate pay in Campanian-aged turbidite channel sands and 22.5 meters (74 feet) of oil pay in Cenomanian sequence. During the production test, performed in the Oil level, the well flowed about 5,000 bopd of 30�API oil. The Sankofa East discovery is located 4 km east of the Sankofa gas and condensate discovery and drilled to a total depth of 3650 metres in water depth of 825 meters. This discovery while confirming the important role of this block in the development of non-associated gas resources also reveals its oil potential. It is planned that after completion of logging operations, the well will be suspended for possible future use in appraisal and development operations. According to Mr. Thomas Manu, the Director of Operations, the Sankofa East discovery extends the presence of hydrocarbon to the East of the Main Sankofa Discovery. Mr. Thomas Manu further stated that �The oil discovery has enhanced the value of the Sankofa and GyeNyame discoveries, which is advancing toward a plan of development.� Ghana National Petroleum Corporation has 15-percent carried interest in the Deepwater Tano Block. The other Partners in the Block include Eni (47.222-percent working interest and operator) and Vitol Upstream Ghana Limited (37.778-percent working interest). Issued by Corporate Affairs Department, Ghana National Petroleum Corporation.