Tullow Oil PLC (TLW.LN), and oil and gas company, said Tuesday operator Kosmos Energy announced the Odum-2 appraisal well offshore Ghana, in which Tullow is a 23% partner, on the West Cape Three Points Block encountered 20 meters of net oil pay in two intervals that appear to be in static pressure communication with the Odum-1 well.

MAIN FACTS:

-Drilling, wireline logs and reservoir fluid samples show Odum-2 well penetrated net hydrocarbon-bearing pay of 20 meters in high-quality stacked sandstone reservoirs over gross interval of 182 meters.

-Odum-2 well encountered oil-water contact 58 meters below lowest-known oil in Odum-1 well, extending the known oil column beyond the deepest oil seen in the Odum-1.

-Reservoir fluid samples recovered indicate oil gravity of 18-19 degrees API.

-Second of four oil and gas discoveries by Kosmos in offshore Ghana.

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
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