KAMPALA (Commodity Online): US based Exxon Mobil and France based Total have shown interest on having stakes in Dominion Petroleum, one among the four firms exploring oil in Uganda.

Dominion Petroleum spoke person Archie Berens, told reporters that Exxon Mobil and Total have interest in the block that lay in the western zone of Uganda.

Dominion has identified four wells with oil prospects and also noted 11 leads which require further exploration. Its largest prospective area has about 400 million barrels of recoverable oil, according to the company.

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We are in discussions with a wide range of quality companies to sell our stake in Block 4. But we cannot make any comments on which such parties might be, for reasons of confidentiality," Berens told Wall Street Journal on Wednesday.

Through the sale, Dominion is seeking partners to finance the next stage of its exploration operations next year.

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