tullow discover oil in ivory coast ci 103

Tullow Oil PLC (TLW.LN), a U.K.-based exploration company, said Thursday it has discovered oil in Ivory Coast, the latest in a string oil finds in West African nations still emerging from conflict.

The company, in a statement, said its exploration wells had struck a "good quality light oil," just across the border from fields in Eastern Ghana that it discovered in 2006. The company said it needs further research to know the size of the deposit.