Tullow Oil hits gas at offshore Ghana project

SHARES in Tullow Oil rose yesterday on the news that it has hit a gas find in Ghana.

The FTSE 100 Africa-focused oil and gas explorer said it had “encountered gas condensate in excellent quality sandstone reservoirs” at its Tweneboa-3 well.

Tullow exploration director Angus McCoss said the find was “a great result that also demonstrates the strong predictive capabilities of our seismic data.” Tullow Oil shares closed 1.4 per cent higher at 1,350p.