REG - Tullow Oil PLC - Well Update - Kenya

Fri May 25, 2012 10:33am EDT

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RNS Number : 1578E
Tullow Oil PLC
25 May 2012
 



News Release

 

 

 

Ngamia-1 Drilling Update

 

25 May 2012 - Tullow Oil plc (Tullow) this morning hosted a meeting with certain investors in Nairobi.  During the course of this meeting it was inadvertently indicated that the Ngamia-1 well was drilling into the primary target and that initial results appeared to indicate that the well had intersected further oil bearing sands.

 

The Company wishes to clarify that the Ngamia-1 well has encountered oil and gas shows over a gross interval of 140 metres from a depth of 1,800 metres to 1,940 metres. The reservoirs are similar to those previously encountered at a shallower depth. The well will continue to be drilled to a total depth of 2,700 metres and then logged and sampled. This is expected to take a further three weeks to complete.

 

FOR FURTHER INFORMATION CONTACT:

Tullow Oil plc
(+44 20 3249 9000)

Chris Perry - Investor Relations

James Arnold - Investor Relations

George Cazenove - Media Relations

Citigate Dewe Rogerson
(+44 207 638 9571)
Martin Jackson

Kate Lehane

Murray Consultants
(+353 1 498 0300)
Joe Murray

Ed Micheau

 

Notes to Editors

Tullow is a leading independent oil and gas, exploration and production group and is quoted on the London, Ghana and Irish Stock Exchanges (symbol: TLW.L). The Group has interests in over 90 production and exploration licences in 22 countries which are managed as three regional business units: West & North Africa, South & East Africa and Europe, South America and Asia.

 

In Africa, Tullow has production in Ghana, Gabon, Côte d'Ivoire, Mauritania, Congo (Brazzaville) and Equatorial Guinea with two large appraisal and development programmes in Ghana and Uganda. Tullow also has exploration interests in Gabon, Côte d'Ivoire, Liberia, Sierra Leone, Mauritania, Senegal, Tanzania, Madagascar, Namibia, Kenya and Ethiopia.

 

Tullow's European interests are focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames area and in the Netherlands where it has offshore gas production, development and exploration opportunities.

 

In South Asia, Tullow has exploration and production in Bangladesh and exploration interests in Pakistan. In South America, Tullow has exploration interests in Guyana, French Guiana and Suriname.

 

For further information please refer to our website at www.tullowoil.com.

 

Follow Tullow on:

Twitter: www.twitter.com/TullowOilplc

You Tube: www.youtube.com/TullowOilplc 

Facebook: www.facebook.com/TullowOilplc 

LinkedIn: www.linkedin.com/company/Tullow-Oil

 

ENDS

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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