Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Tullow Oil plc    TLW   GB0001500809

Delayed Quote. Delayed  - 07/22 05:35:05 pm
212.1 GBp   -2.75%
07/19DJNorth Sea Oil Firms Buoyed by Brexit
07/17 PREMIER OIL : Sinking oil price has torpedoed Premier Oil plc and Tu..
07/12 FAROE PETROLEUM : Black gold drilling
News SummaryMost relevantAll newsSector news 

Tullow Disappoints With No Commercial Oil In Offshore Ghana Well

share with twitter share with LinkedIn share with facebook
share via e-mail
05/04/2012 | 10:17am CEST
   By Sarah Kent 

London-listed oil exploration and production company Tullow Oil PLC (>> Tullow Oil plc) disappointed investors Friday as its partner in an offshore Ghana project reported negative results from an appraisal well.

The operator, Kosmos Energy Ltd. (>> Kosmos Energy Ltd), announced late Thursday it is plugging and abandoning the Teak-4A well, after failing to find commercial reservoirs. The well is located in the West Cape Three Points Block.

Tullow owns a 26% stake in the West Cape Three Points Block, while Kosmos and Anadarko Petroleum Corp. (APC) each have a 31% interest and Sabre Oil & Gas Holdings Ltd. holds 2%. Ghana National Petroleum Corp. has a 10 percent carried interest in the project.

"Tullow's struggling to live up to its share price at the moment," said Stuart Joyner, head of oil and gas at Investec Securities. "It's had some successes in Kenya, but in Ghana, which is the core area for the company, it's been mixed."

At 0739 GMT, shares in Tullow Oil were down 1.7%, or 26 pence, at 1531 pence, briefly making it one of the biggest decliners among the FTSE-100 index in early trade. The broader FTSE-100 index was down 0.2%.

By Sarah Kent, Dow Jones Newswires;4420-7842-9376; sarah.kent@dowjones.com

Stocks mentioned in the article : Tullow Oil plc, Tullow Oil plc, Kosmos Energy Ltd
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on TULLOW OIL PLC
07/19DJNorth Sea Oil Firms Buoyed by Brexit
07/17 PREMIER OIL : Sinking oil price has torpedoed Premier Oil plc and Tullow Oil plc
07/12 FAROE PETROLEUM : Black gold drilling
07/10 TULLOW OIL : 16/5-6 Well on the Rome Prospect in PL776 Disappoints
07/09 TULLOW OIL : fails to encounter hydrocarbons at exploration well 16/5-6, Rome pr..
07/08 TULLOW OIL : *goldman cuts tullow oil plc price target to 270.90 (276.80) pence ..
07/07DJTULLOW OIL : Norway Well Dry; to be Plugged and Abandoned
07/07 TULLOW OIL : Convertible Bond offering - Final pricing
07/07 TULLOW OIL : Uganda-Tanga Oil Pipeline Stakeholders Mull Holding Company
07/07 TULLOW OIL : Norway Well Update
More news
Sector news : Oil & Gas Exploration and Production - NEC
07/22DJCorrection to InterOil Article on Monday
07/22DJCorrection to InerOil Article on Thursday
07/22DJDespite Optimism, Oil Firms Keep Cutting Jobs
07/22DJHUSKY ENERGY : Canada's Husky Energy Shuts Pipe After Spill -- Market Talk
07/22DJHUSKY ENERGY : Swings to a Loss
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
06/30 Tullow warns it will miss production targets amid problems at Jubilee field
04/28 Tullow's Jubilee oil field to restart in the next few days
04/08 Tullow Oil confirms damage to Ghana field
03/22 REPORT : Natural decline to outstrip new output in 2017 as oil cost cuts work
03/16 Tullow Oil makes new discovery in Kenya
Financials ($)
Sales 2016 1 479 M
EBIT 2016 249 M
Net income 2016 7,95 M
Debt 2016 4 666 M
Yield 2016 -
P/E ratio 2016 64,95
P/E ratio 2017 16,77
EV / Sales 2016 4,89x
EV / Sales 2017 3,63x
Capitalization 2 560 M
More Financials
Duration : Period :
Tullow Oil plc Technical Analysis Chart | TLW | GB0001500809 | 4-Traders
Full-screen chart
Technical analysis trends TULLOW OIL PLC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 27
Average target price 3,61 $
Spread / Average Target 30%
Consensus details
EPS Revisions
More Estimates Revisions
Aidan Joseph Heavey Chief Executive Officer & Executive Director
Simon Robert Thompson Chairman
Paul McDade Chief Operating Officer & Executive Director
Ian Springett Chief Financial Officer & Executive Director
Angus Murray McCoss Executive Director & Exploration Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TULLOW OIL PLC28.00%2 560
CNOOC LTD21.03%56 873
More Results