Davy Research

Tullow Oil

Oil discovery in Kenya
Resource
Tullow Oil

DAVY VIEW

The Emekuya-1 well has discovered 75 metres of net oil pay in two zones. The discovery was on the Greater Etom structure, located in the northern part of the South Lokichar Basin onshore Kenya. In total, three wells have been drilled on the structure and each well has encountered oil. This, together with the separate Erut-1 discovery, offers a potential for a third development hub in the basin and brings the group further along the path to realising a return on capital allocated to Kenya.

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  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • Tullow Oil

    Closing Price: 201p

  • RATING 30/06/09

  • PREVIOUS RATING N/A

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