Sept 24 (Reuters) - Tullow Oil PLC TLW.L :
* CORMORANT-1 EXPLORATION WELL IN PEL-37 LICENCE, OFFSHORE NAMIBIA, ENCOUNTERED NON-COMMERCIAL HYDROCARBONS
* WELL IS BEING PLUGGED AND ABANDONED
* FOLLOWING A FARM-OUT IN 2017, TULLOW'S NET EXPENDITURE ON THIS WELL IS EXPECTED TO BE APPROXIMATELY $5 MILLION