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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.01 | -0.70% | 1.42 | 1.42 | 1.43 | 1.4365 | 1.42 | 1.4365 | 8,400 | 15:40:30 |
From Jan 2020 to Jan 2025
LONDON--Tullow Oil PLC (TLW.LN), an independent oil & gas, exploration and production group, said Friday the Paipai-1 exploration well in Kenya has suspended for future evaluation.
MAIN FACTS:
-Well, located in the Marsabit County of Kenya Block 10A, has been drilled to a total depth of 4,255 meters and has been successfully logged.
-Well was drilled to evaluate a large structural closure of Cretaceous age in the Anza Basin.
-Light hydrocarbon shows were encountered whilst drilling a 55 meter thick gross sandstone interval.
-After suspension operations have been concluded at Paipai, the rig will move to the South Lokichar Basin in Block 10BB and drill the Etuko prospect in the undrilled basin flank play.
-Move is expected to take 3 months.
-Tullow has a 50% operated interest in the Paipai-1 well, Block 10A, with Africa Oil holding 30% and Afren PLC (AFR.LN) holding the remaining 20%.
-Tullow shares closed Thursday at 1214 pence valuing the company at 11.02 billion pounds.
-Write to Ian Walker at ian.walker@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Africa Oil (PK) Chart |
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