Tullow cheers further Kenya hit

Another jump: Tullow bounding after latest Kenya shows

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Eoin O'Cinneide

 25 May 2012 15:00 GMT

Tullow Oil has had more joy at a Kenyan play after a wildcat threw up further oil and gas shows.

The London-listed independent has struck another gross interval of 140 metres while drilling ahead at the Ngamia-1 well on Kenya’s Rift basin block 10BB, it revealed on Friday.

During a Friday morning meeting in Nairobi with “certain investors”, Tullow said “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”.

It said that the gross interval was found at a depth of between 1800 metres and 1940 metres.

“The reservoirs are similar to those previously encountered at a shallower depth,” Tullow…

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