Tullow says first-half performance was "excellent"

Oil exploration company Tullow has said in an interim management statement that its performance in the first half of the year has been “excellent”.

16th May, 2012
Tullow expects further significant growth in 2012.

Oil exploration company Tullow has said in an interim management statement that its performance in the first half of the year has been “excellent”.

The company said that it has completed the $2.9 billion Ugandan farm down to CNOOC and Tota. It is now progressing with exploration, appraisal and development activities, it said.

“The Ngamia-1 well onshore Kenya has opened a new basin and de-risked significant prospectivity in the region,” the statement said. “In...

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