Pancontinental Energy NL (PCOGF)

[DrillaHill]

Tullow to decide what and where to drill

2017-half-year-results/tullow-oil-plc

NEW VENTURES
Ian Cloke, Executive Vice President for New Ventures, commented today: “Tullow’s New Ventures team is focused on selective, high-impact exploration at the right equities and at the right costs. We are looking for low-cost, light oil in geologies and geographies that we know well in Africa and South America. The Araku-1 wildcat in Suriname is on track to commence in the fourth quarter and, by the end of 2017, we will have completed six seismic surveys at low cost. We are therefore in an excellent position as we decide what and where to drill in 2018 and beyond, with substantial prospects in Guyana, Suriname, Mauritania and Namibia all under evaluation.”