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AOIFF Africa Oil Corp (PK)

1.77
0.025 (1.43%)
24 May 2024 - Closed
Delayed by 15 minutes
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
  0.025 1.43% 1.77 1.74 1.80 1.78 1.75 1.75 46,719 21:00:01

Tullow Oil Finds More Oil in Kenya

28/08/2014 9:39am

Dow Jones News


Africa Oil (PK) (USOTC:AOIFF)
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By Rory Gallivan

LONDON--Tullow Oil PLC (TLW.LN) Thursday said drilling at three wells in Kenya have found oil.

The oil explorer reported successful results from testing at onshore blocks 10BB and 13T, which it operates and has a 50% equity stake in. Africa Oil Corp (AOI.T) owes the other half.

"Etom-1 has successfully extended the South Lokichar rift bounding fault play northwards and we look forward to testing the southern area of the basin with Ekosowan-1," said Tullow's Exploration Director Angus McCoss. "Continued success in appraisal of the Ngamia and Amosing fields reinforces our belief that the South Lokichar basin holds very considerable potential which we hope to replicate in additional basins."

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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