Tullow looks forward after ‘significant’ oil find in Uganda

TULLOW Oil has found oil at its Mputa-1 exploration well in the Lake Albert area of Uganda.

Tullow looks forward after ‘significant’ oil find in Uganda
Wed, 18 Jan, 2006 - 00:00

The company has a 50% interest in the area, and will now move drilling to other prospects in the area.

Davy stockbrokers said yesterday: “We believe that other prospects and leads in the basin will now attract a smaller risk premium.

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CourtsPlace: UgandaPlace: Lake AlbertPlace: Mputa-1Place: Albertine BasinPerson: Aidan HeaveyOrganisation: Tullow
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