'Substantial' oil find lifts Tullow shares

'Substantial' oil find lifts Tullow shares
Guyana find a boost for Tullow shareholders

Chief executive Paul McDade described the discovery off the coast of Guyana as 'substantial and high value'

Shares in Irish exploration company Tullow Oil jumped by around 20 per cent to £2.145 in London on Monday after it announced an oil discovery at a well off the coast of Guyana.

Chief executive Paul McDade described the discovery as “substantial and high value”.

The find came after drilling at the Jethro-1 exploration well, part of the Orinduik licence in the area. Tullow operates the Orinduik block,...

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