Kenya Oil Discovery Boost Tullow Earnings

Kampala — Oil and gas exploration giants, Tullow Oil plc, have released their annual financial performance for the year ending December 31 2012 revealing significant health results and a strengthened balance sheet for the London based conglomerate.

The group in a statement declared that a number of activities played positively to the growth among which was the success story of discovering oil in Kenya at Ngamia-1 and Twiga South-1 early last year and a $2.9bn earning from Uganda's farm-down and successful business deals in Europe and Africa.

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