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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Africa Oil Corp (PK) | USOTC:AOIFF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.43 | 1.42 | 1.43 | 1.4365 | 1.42 | 1.4365 | 13,110 | 16:32:21 |
From Jan 2020 to Jan 2025
By Alex MacDonald
LONDON--Tullow Oil PLC (TLW.LN) said Tuesday that it has found oil at its Etom-2 well in Block 13T in Northern Kenya and believes that there is further potential in other underexplored areas of the block.
"Accordingly, we will review the potential of the greater Etom area and neighboring prospects to decide on our forward [drilling] program," said Angus McCoss, Tullow's exploration director. The company will now move to Block 12A where it will start drilling the first well in the Kerio Valley Basin around year end.
Tullow has completed the Ngamia Extended Well Test in Block 10BB which produced about 38,000 barrels of oil. The five completed zones of Ngamia-8 were tested at a combined rate of 2,400 barrels of oil a day and all except the lowest zone produced oil naturally.
Tullow operates Blocks 13T and 10BB and has a 50% stake in them, Africa Oil Corporation owns the remaining 50%.
Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
December 15, 2015 02:34 ET (07:34 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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