Member access

4-Traders Homepage  >  Shares  >  London Stock Exchange  >  Tullow Oil plc    TLW   GB0001500809

TULLOW OIL PLC (TLW)

29
Delayed Quote. Delayed London Stock Exchange - 07/31 05:13:40 am
743 GBp   -1.65%
3h ago TULLOW OIL : *deutsche bank cuts tullow oil price target to 885 (950) pence..
1d agoDJLONDON MARKETS : Barclays Tops FTSE 100 After Upbeat Results
1d ago TULLOW OIL : Local Projects Progressing Well
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Tullow Finds More Than 100 Meters Of Net Oil In Kenyan Well

05/07/2012 | 08:23am US/Eastern
Recommend:
0

Tullow Oil PLC (>> Tullow Oil plc) said Monday that it has encountered in excess of 100 meters of net oil pay, or thickness, at its Kenyan well.

The discovery was across several reservoir zones and came as Tullow deepens its Ngamia-1 well.

"The net pay encountered so far in Ngamia-1 is more than double that encountered in any of our East African exploration wells to date," said Angus McCoss, exploration director at Tullow. "We now look forward to the drilling and evaluation of the deeper potential of this well and the acceleration of our seismic and drilling campaigns in the region."

Ngamia-1 will be drilled to a depth of 2,700 meters, the company said.

In March the London-listed explorer said it found oil at a well in the north-western region of Turkana, where it was assessing the commercial viability of crude prospects in the Ngamia geological structure. The discovery follows major finds in Ghana, Uganda and French Guiana.

Tullow has a 50% operated interest in seven onshore licenses in the Kenya & Ethiopia Rift Basins covering in excess of 100,000 square kilometers.

-By Max Colchester, Dow Jones Newswires; +44 (0) 207 842 9295, max.colchester@wsj.com

Stocks mentioned in the article : Tullow Oil plc, Tullow Oil plc
Recommend :
0
React to this article
Latest news on TULLOW OIL PLC
3h ago TULLOW OIL : *deutsche bank cuts tullow oil price target to 885 (950) pence - 'h..
1d agoDJLONDON MARKETS : Barclays Tops FTSE 100 After Upbeat Results
1d ago TULLOW OIL : Local Projects Progressing Well
1d ago TULLOW OIL : sinks into red but confident Africa strategy will pay off
1d ago TULLOW OIL : Swings To Pretax Loss On Exploration Write-Offs
1d agoDJTULLOW OIL : Swings to Net Loss, Largely Due to Increase in Exploration Costs Wr..
2d ago SWALA ENERGY : Abu Dhabi firm quits Kisumu oil exploration
2d ago TULLOW OIL : appeals against Shs1 trillion award to URA
2d agoDJECOBANK : Kenya Oil Segment Needs $16 Billion Investment
2d agoDJPAN-AFRICAN ECOBANK : Kenya Upstream Oil Segment Needs $16 Billion of Investment..
Advertisement
Chart
Duration : Period :
Tullow Oil plc Technical Analysis Chart | TLW | GB0001500809 | 4-Traders
Income Statement Evolution
Tullow Oil plc : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF