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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.025 | 1.43% | 1.77 | 1.74 | 1.80 | 1.78 | 1.75 | 1.75 | 46,719 | 21:00:01 |
From May 2019 to May 2024
By Razak Musah Baba
LONDON--Tullow Oil PLC (TLW.LN) said Thursday that its Twiga-2 exploratory, or sidetrack, well in Kenya has found indications of oil in the area north of its primary Twiga-1 well.
Angus McCoss, exploration director, said "the combined results from Twiga-2 and its successful sidetrack confirm the resource potential and have given us valuable insights for the locations of future exploration and development wells."
The well is being deepened to evaluate the Lower Lokhone potential and a testing program for this well is planned to be conducted later this year, the company said.
Tullow Oil partners with Africa Oil in Blocks 10BB and 13T in Northern Kenya. Tullow holds a 50% operating interest.
Tullow Oil PLC shares closed Wednesday at 884 pence, valuing the company at GBP8.04 billion.
Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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