Kenya: Oil Found in Turkana

26 March 2012

Oil has been discovered in Turkana North District by British company Tullow Oil in the first well it has drilled in Kenya.

The Tullow share price jumped by £97 to £1,570 (Sh201,000) per share yesterday, up 7 per cent, after the news was released. The oil deposits were found in Ngamia-1 exploration well block 10BB, located in a remote area off the road to Lokichar shopping centre.

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