why tullow up last night, page-6

Suriname:

Uitkijk block:

Initial 5 well drilling program resulted in 3 wells encountering hydrocarbons. No further news on these wells has been forthcoming.

A second 5 well drilling program followed. Results of the first well were 'encouraging' according to Paradise Oil NV. I can't find any further info on the last 4 wells as the only source I can find was published whilst the 2nd well was still being drilled.

http://www.staatsolie.com/pdf/Staatsolie_Jaarverslag_2008_final.pdf

Coronie block:

Initial 5 well drilling program due to commence this month. 'If the results are encouraging, the second phase will commence with a minimum of ten wells.'

http://www.staatsolie.com/newsletter/Nieuws.pdf


* Just to add, Suriname is small fry for KEY given it's small stake in the blocks.