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Tullow oil find

THE Irish-founded oil and gas exploration company, Tullow Oil, has made another breakthrough by announcing a further significant oil find in one of its African bases.

The company said it had found "a significant column of excellent quality light oil" at its Owo-1 exploration well off the coast of Ghana.

"Given this success, we are immediately drilling an appraisal sidetrack to further assess the size of this find," said Tullow's exploration director, Angus McCoss.

"Accelerated appraisal drilling will now focus on maturing the resources."