Tullow Oil UK (TUWOY)

[geodan]

Tullow Oil PLC(TUWLF)HasDiscoveredOil@Erut-1 wellBlock13T,Northern Kenya.

Tullow said the Erut-1 well in Block 13T, has discovered a gross oil interval of 55 meters with 25 meters of net oil pay at a depth of 700 meters, adding that the overall oil column for the field is considered to be 100 to 125 meters.

"This is an exciting discovery from a bold exploration well that proves that oil has migrated to the northern limit of the South Lokichar basin. This extends the known hydrocarbon limits of the basin beyond the successful Etom discovery into the underexplored northern part of the basin where we have several undrilled prospects," Tullow's Exploration Director Angus McCoss said.

Following the scheduled appraisal wells at Amosing-6 and Ngamia-10, further exploration drilling of this area is now being planned, Mr. McCoss said.

Tullow operates Blocks 13T and 10BB with 50% equity and is partnered by Africa Oil Corporation and Maersk Oil both with 25%.
DOW JONES & COMPANY, INC. 11:47 PM ET 1/16/2017

I just bot more of it at 1.83, a bargain, this company is fantastic at finding oil. Apache only other oil company am aware of with such a great exploration well success rate.