A plug from this morning coffee break Canaccord.

Africa Oil* (AOI : TSX-V : $10.04), Net Change: 0.30, % Change: 3.08%, Volume: 1,654,747

Anadarko Energy (APC : NYSE : US$63.20), Net Change: 1.04, % Change: 1.67%, Volume: 7,051,142

There you go again. Rockstar oil explorer Tullow Oil announced another major new oil discovery offshore Ivory Coast. Along

with its partner Anadarko Energy, Tullow reported that its Paon-1X well encountered 100 net feet of good quality oil pay. The

Paon well was drilled to ~16,700’ in ~7,200’ of water. Tullow indicated the discovery confirms the Upper Cretaceous fan

system present in Ghana extends westward into Cote d’Ivoire. For comparison, wells offshore Ghana in the deepwater Tano

block have encountered 100-175 feet of pay. The successful result in the Ivory Coast followed disappointment in the country in

April when the company drilled a dry hole. Tullow operates the huge Jubilee oil field in Ghana and has been pushing its hunt for

oil westwards in the hope of discovering more oil off the Ivory Coast. Although not related, shareholders of Africa Oil should

cheer this result, as once again Tullow Oil sits at the top of the mountain when it comes to finding giant new discoveries.

Tullow Oil is the partner and operator of Africa Oil’s Kenyan blocks that have had great initial exploration success.