Multi- billion barrel potential and 75% chances of Twiga confirms what a lot of people believed. Excellent news but the market needs time to understand:
“The well results to date reaffirm the basin’s multi- billion barrel size and supports our belief in the region’s transformational potential on Tullow,” said Jamie Maddock, an analyst at Morgan Stanley in London, in an e-mailed note. He rates the stock “overweight.”
"With four other prospects already mapped for drilling within the basin, a discovery would increase the chances of success from between 34-39 per cent to about 75 per cent."
https://www.theeastafrican.co.ke/news/Tullow-Oil-to-announce-results-of-oil-drilling/-/2558/1628268/-/12aqdhp/-/index.html