for those who believe

that west africa will be ria's next focus.

be nice if they hurry up and join this party, ghana, mauritania, ivory coast, all so lucrative imo..........



Tullow Rises After UBS Upgrades Stock to `Buy' (Update1)

By Clementine Fletcher and Eduard Gismatullin

Aug. 20 (Bloomberg) -- Tullow Oil Plc, the U.K. explorer with the most exploration licenses in Africa, rose the most in London trading in three months after it was upgraded to ``buy'' from ``neutral'' at UBS AG because of future drilling potential.

Tullow rose 47.5 pence, or 6.8 percent, to 741.5 pence in London, posting its biggest one-day gain since May 6. That values the company at 5.3 billion pounds ($9.99 billion).

``The company plans to drill 14 wells over the balance of the year with further high impact potential in Uganda, Ghana, Mauritania and Guyana into 2009,'' Adrian Wood, a London-based analyst, wrote in a note. ``Further exploration success could possibly make Tullow an M&A target next year.''

The bank has a price estimate of 950 pence on the stock.

To contact the reporter on this story: Eduard Gismatullin in London at [email protected]

Last Updated: August 20, 2008 12:04 EDT