Oil hit in Tullow-linked Congolese well

An oil discovery at the Lianzi-1 exploration well, in which ISEQ-listed Tullow Oil plc has a 2% stake, has been announced by the operator ChevronTexaco, and further evaluation is ongoing.

The discovery is located in the shared K/A-IMI Unit in the deepwater area between the Republics of Angola and Congo. A further well will be drilled in 2005.