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Tullow OilAnnouncement

06/09/2014 16:27

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RNS Number : 2110M
Tullow Oil PLC
14 July 2014 
 
News Release 
 
Ethiopia drilling update 
 
14 July 2014 - Tullow Oil plc ("Tullow") today announces that the Gardim-1
exploration well, drilled on the eastern flank of the Chew Bahir Basin in the
South Omo licence, onshore Ethiopia, has reached a total depth of 2,468 metres
in basement, without encountering commercial oil. 
 
The well intersected lacustrine and volcanic formations, similar to those
found in the Shimela-1 well on the north-western flank of the basin. Minor
intervals with thermogenic gas shows were intersected just above basement. The
well will be plugged and abandoned and drilling operations will now be
demobilised whilst these results are integrated into the regional basin
model. 
 
Meanwhile seismic interpretation continues on independent prospectivity
elsewhere in the licence and the next phase of our Ethiopia exploration
campaign will target these prospects. 
 
Angus McCoss, Exploration Director, Tullow Oil plc commented today, 
 
"We have now drilled two independent wildcat wells in the Chew Bahir Basin,
neither of which encountered commercial oil. Whilst our analysis continues,
initial indications suggest that the targeted seismic anomalies related to
lavas that flowed into a lake basin. Having gained valuable data, including
evidence of thermogenic gas, we look forward to the next phase of our
exploration campaign in Ethiopia." 
 
FOR FURTHER INFORMATION CONTACT: 
 
 Tullow Oil plc (London)(+44 20 3249 9000)Chris Perry (Investor Relations)James Arnold (Investor Relations)George Cazenove (Media Relations)  Citigate Dewe Rogerson(London) (+44 207 638 9571) Martin JacksonShabnam Bashir  Murray Consultants (Dublin)(+353 1 498 0300) Pat WalshJoe Heron  
 
 
Notes to Editors 
 
Tullow Oil plc 
 
Tullow is a leading independent oil & gas, exploration and production group,
quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW) and is
a constituent of the FTSE 100 Index. The Group has interests in over 140
exploration and production licences across 23 countries which are managed as
three regional business units: West & North Africa, South & East Africa and
Europe, South America and Asia. 
 
Follow Tullow on: 
 
Twitter: www.twitter.com/TullowOilplc                                        
YouTube: www.youtube.com/TullowOilplc 
 
Facebook: www.facebook.com/TullowOilplc                                
LinkedIn: www.linkedin.com/company/Tullow-Oil 
 
IR App: bit.ly/TullowApp                                                      
             Website: www.tullowoil.com 
 
This information is provided by RNS
The company news service from the London Stock Exchange