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

News SummaryMost relevantAll newsSector newsTweets 

Tullow Finds More Than 100 Meters Of Net Oil In Kenyan Well

share with twitter share with LinkedIn share with facebook
share via e-mail
05/07/2012 | 02:23pm CET

Tullow Oil PLC (>> Tullow Oil plc) said Monday that it has encountered in excess of 100 meters of net oil pay, or thickness, at its Kenyan well.

The discovery was across several reservoir zones and came as Tullow deepens its Ngamia-1 well.

"The net pay encountered so far in Ngamia-1 is more than double that encountered in any of our East African exploration wells to date," said Angus McCoss, exploration director at Tullow. "We now look forward to the drilling and evaluation of the deeper potential of this well and the acceleration of our seismic and drilling campaigns in the region."

Ngamia-1 will be drilled to a depth of 2,700 meters, the company said.

In March the London-listed explorer said it found oil at a well in the north-western region of Turkana, where it was assessing the commercial viability of crude prospects in the Ngamia geological structure. The discovery follows major finds in Ghana, Uganda and French Guiana.

Tullow has a 50% operated interest in seven onshore licenses in the Kenya & Ethiopia Rift Basins covering in excess of 100,000 square kilometers.

-By Max Colchester, Dow Jones Newswires; +44 (0) 207 842 9295, max.colchester@wsj.com

Stocks mentioned in the article : Tullow Oil plc, Tullow Oil plc
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on TULLOW OIL PLC
02/21 *TRADERS : Canaccord raises tullow oil plc to 'hold' ('sell')
02/20 TULLOW OIL : *jefferies raises tullow oil plc to 'buy' ('underperform') - target..
02/20 TULLOW OIL : *barclays cuts tullow oil plc price target to 360 (375) pence - 'ov..
02/20 *TRADERS : Jefferies raises tullow oil plc to 'buy'
02/10 TULLOW OIL : records losses in 2016 as Jubilee field is shutdown for 12 weeks
02/09 ECO ATLANTIC : floats on AIM to develop Guyana oil basin
02/09 TULLOW OIL : assessing potential in frontier basins offshore South America
02/09 TULLOW OIL : to spend Sh22.5bn on Kenya this year
02/09 Eco Oil & Gas Ltd. - Admission to Aim and First Day of Dealings Closing Of Pr..
02/09 TULLOW OIL : 2016 Full Year Results
More news
Sector news : Oil & Gas Exploration and Production - NEC
02/24 Canada energy sector sidelined as Big Oil chases fatter profits
02/24 HUSKY ENERGY : Canada's Husky Energy posts fourth quarter profit, partly on asse..
02/24DJDEVON ENERGY : EPA Chief Scott Pruitt's Emails Show Close Ties With Oil and Gas ..
02/24DJDEVON ENERGY : EPA Chief Scott Pruitt's Emails Show Close Ties With Oil and Gas ..
02/24DJDEVON ENERGY : EPA Chief Scott Pruitt's Emails Show Close Ties With Oil and Gas ..
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
02/08 Tullow Oil's (TUWLF) CEO Aidan Heavey on Q4 2016 Results - Earnings Call Tran..
02/08 Tullow Oil reports FY results
02/08 Tullow Oil Plc. 2016 Q4 - Results - Earnings Call Slides
01/30 Seadrill Partners Delivers Mixed Signals, Still Too Early To Jump In
01/11 Tullow Oil's (TUWLF) CEO Aidan Heavey on Q3 2016 Results - Earnings Call Tran..
Financials ($)
Sales 2017 1 681 M
EBIT 2017 401 M
Net income 2017 190 M
Debt 2017 4 308 M
Yield 2017 -
P/E ratio 2017 16,27
P/E ratio 2018 12,25
EV / Sales 2017 4,37x
EV / Sales 2018 3,60x
Capitalization 3 043 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 25
Average target price 3,72 $
Spread / Average Target 13%
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
Les Wood Chief Financial Officer
Angus Murray McCoss Executive Director & Exploration Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TULLOW OIL PLC-15.22%3 043
CNOOC LTD-2.80%53 954
More Results