UK stocks : FTSE hits 6,200
Reuters: Jan 24 2013, 02:24 IST
in Kenya which the company part owns may have been successful, with official results due shortly. Tullow has a 50 percent share of the Kenyan Paipai prospect, in partnership with UK mid-cap Afren and Canada's Africa Oil, who hold 20 and 30 percent stakes respectively. Afren closed 9.2 percent higher. "The reason [for the price moves] is market rumours that drilling results on the Kenyan Paipai prospect are coming," a trader said. Tullow shares were also supported by news that Uganda, where the company has a significant presence, is to auction 13 more blocks for oil and gas exploration. In all, the energy sector including oil and gas firms added 9.3 points to the FTSE 100 index, while the FT350 Oil and Gas firms index hit a three-month high.
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