'Substantial' oil find lifts Tullow shares
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...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures