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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
LONDON--Tullow Oil PLC (TLW.LN) said Wednesday that the Twiga South-1 exploration well in onshore Kenya Block 13T has successfully encountered oil.
MAIN FACTS:
-Drilling is on-going and an announcement of the drilling result is expected in early to mid-November after target depth has been achieved and necessary sampling and analysis has been completed.
-The Twiga South-1 structure is the second prospect to be tested as part of a multi-well drilling campaign in Kenya and Ethiopia and is the first discovery in block 13T following the Ngamia-1 discovery earlier this year in Block 10BB.
-Tullow has a 50% operated interest in the Twiga South-1 well with Africa Oil holding the remaining 50% interest.
-Shares at 1034GMT, up 37pence, or 2.7%, at 1,419 pence valuing the company at GBP12.54 billion.
-Write to Rory Gallivan at rory.gallivan@dowjones.com; Twitter: @RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Africa Oil (PK) Chart |
1 Month Africa Oil (PK) Chart |
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