Tullow Oil's Twiga South-1 Well, Kenya, Encounters Oil
31 Octobre 2012 - 12:06PM
Dow Jones News
LONDON--Tullow Oil PLC (TLW.LN) said Wednesday that the Twiga
South-1 exploration well in onshore Kenya Block 13T has
successfully encountered oil.
MAIN FACTS:
-Drilling is on-going and an announcement of the drilling result
is expected in early to mid-November after target depth has been
achieved and necessary sampling and analysis has been
completed.
-The Twiga South-1 structure is the second prospect to be tested
as part of a multi-well drilling campaign in Kenya and Ethiopia and
is the first discovery in block 13T following the Ngamia-1
discovery earlier this year in Block 10BB.
-Tullow has a 50% operated interest in the Twiga South-1 well
with Africa Oil holding the remaining 50% interest.
-Shares at 1034GMT, up 37pence, or 2.7%, at 1,419 pence valuing
the company at GBP12.54 billion.
-Write to Rory Gallivan at rory.gallivan@dowjones.com; Twitter:
@RoryGallivan
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