Tullow finds oil in Kenyan well

Irish oil and gas giant Tullow Oil saw shares rise on Friday afternoon after letting slip at an investor meeting that its Ngamia-1 well in Kenya was making good progress.

Irish oil and gas giant Tullow Oil saw shares rise on Friday afternoon after letting slip at an investor meeting that its Ngamia-1 well in Kenya was making good progress.

After talking with certain investors in Nairobi, the company "inadvertently indicated" that the well was drilling into the primary target and that initial results showed that it had intersected further oil bearing sands.

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