Tullow's cheer at strike
Friday 08 June 2012
The FTSE 100 oil explorer Tullow Oil cheered the market yesterday as it struck oil in deep waters off the Ivory Coast.
Shares in the Africa-focused company rose 2 per cent to 1,468p as it said its Paon-1X exploration well found "good-quality, light oil", fuelling hopes it will make more discoveries in the waters west of its key Jubilee field in Ghana.
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