November 9, 2015 / 8:55 AM / 2 years ago

BUZZ-Tullow: Maersk-African Oil deal in Kenya boosts stock

1 Min Read

** Oil producer Tullow's shares up 11 pct, top of the Stoxx 600, after Maersk buys shares in three of Africa Oil's Kenyan exploration licenses

** Traders cite read-across from deal; Tullow owns five licenses in Kenya

** Rival Premier Oil up 8 pct, 2nd largest FTSE midcap gainer ; Premier owns a 55 pct share in a block in Kenya

** Brent crude prices also marginally up on the day, recovering from a 1 pct fall on Friday (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)

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