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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