54 days, still counting. The Carapa-1 well was spuded some 54 days ago. Today we have this:
African oil billionaire, Samuel Dossou-Aworet has just acquired 7% of Tullow, according to the RNS.
It might be perfect timing if Carapa-1 is a hit. Tlw will have a leverage from the 20% stake in the block, but - also - have a possible upgrade of the potential prospectivity of the cretacious strata in our block where TLW have a 60% stake.
EOG shareholders may be calm having a free ride in the process, but TLW sharholders really have some game changing times ahead. No wonder the share prices moves up and down. It's all about expectations. Almost. :-)