Monday, June 18, 2007

Tullow, Anadarko make big Ghana oil find

(Reuters) - London-based Tullow Oil Plc announced the discovery of up to 600 million barrels of high-quality oil at a block in Ghana owned with Anadarko Petroleum Corp., sending Tullow shares up over 10 percent.

Tullow also said in a statement on Monday the structure it successfully drilled in the West Cape Three Points Block extended into an adjacent exploration block, which Tullow also co-owns with Texas-based Anadarko, suggesting further potential upside for the partners.


Read more at Reuters Africa

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