Tullow oil appraisal successful

Exploration company Tullow Oil said today that its Mahogany-5 appraisal well has encountered oil southeast of the Jubilee Field, off the coast of Ghana.

"We have now encountered oil in four out of five wells in the exploration and appraisal programme in the area immediately to the southeast of the Jubilee Field," Tullow's Exploration director Angus McCosss said.