Wednesday, March 16, 2016 3:26:56 PM
Tullow is the most exciting oil company IMHO.
Their TEN field in west africa goes online in June, it is huge. They have found huge wells in new fields in Kenya, and today found a new field "The first well in the Kerio Valley Basin, Cheptuket-1, has encountered good oil shows across a gross interval of over 700 metres,"
There are waiting for pipeline to pump all this oil they found in Kenya. JMHO, it is the most exciting oil company out there, and it is cheap. Cheers TUWOY usa
700 meters! that is half a mile.
LONDON--U.K.-listed independent oil producer Tullow Oil PLC(TUWLF) said Wednesday that the Cheptuket-1 well in Block 12A in Northern Kenya has encountered "good oil shows."
Tullow found oil across an interval of over 700 meters. Cheptuket-1 is the first well to test the Kerio Valley Basin and was drilled by the PR Marriott Rig-46 to a final depth of 3,083 metres.
Tullow operates Block 12A with a 40% stake while Delonex Energy owns a 40% stake and Africa Oil Corporation a 20% stake.
"This is the most significant well result to date in Kenya outside the South Lokichar basin," said Angus McCoss, Tullow's Exploration Director. "I am delighted by this wildcat well result and the team are already working on our follow-up exploration plans for the Kerio Valley Basin."
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