Tullow’s shares took another beating Thursday after it said the volume of its latest oil discovery in Guyana was lower than forecast. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Carapa-1 exploration well, drilled on the Kanuku license offshore Guyana, which is operated by Repsol, encountered approximately 4 meters of net oil pay. Tullow’s shares were shares down almost 15% in early London morning trade after the Guyana oil strike was smaller than hoped, but by late morning they were down by around 5%. Podcast: With first oil produced from Guyana’s offshore, what does it mean for the markets? However, the oil discovered is of much better quality that the oil it found in the Joe […]