Eco (Atlantic) Oil & Gas Plc

Hey, Joe: Tullow Oil hits the jackpot in Guyana

The FTSE 250 group said that its Joe exploration well had encountered high-quality oil-bearing rocks deep beneath the seabed off the coast of the South American country, which is a hotspot for the industry.

The discovery comes on the back of Tullow’s success at the Jethro well off, also off Guyana, last month. The company has a stake in a third well due to be drilled nearby this month.

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