Sunday March 29, 2020

'Substantial' oil find lifts Tullow shares

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

12th August, 2019
2
Guyana find a boost for Tullow shareholders

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...

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