jubilee is an elephant, page-4

Tullow Oil says 'significant' column of light oil intersected at Mahogany-2 well
6-MAY-2008 07:30

LONDON (Thomson Financial) - Tullow Oil Plc. said a 'significant' column of light oil has intersected at the Mahogany-2 well, which is being drilled to appraise the Jubilee field offshore Ghana.

The confirmation that Mahogany-2 is in communication with both Mahogany-1 and Hyedua-1, reinforces the company's interpretation that Jubilee is a major discovery and is likely to lead to a 'material' upgrade of current resource estimates, chief executive Aidan Heavey said