Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 06/30 10:17:09 am
257.6 GBp   +1.86%
09:01a TOP NEWS : Tullow Cuts Production Guidance After Weaker First Half
08:05a TULLOW OIL : Trading Statement and Operational Update
06:56aDJTULLOW OIL : Eyes Lower Earnings as Output Falls, TEN Project on Tra..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Tullow Oil Exploratory Wells Encounter Water Bearing Reservoirs

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/19/2012 | 01:34pm CEST

Tullow Oil PLC (>> Tullow Oil plc), a oil and gas exploration company, said Thursday that its Mercury-2 exploratory appraisal well in Sierra Leone and its Kosrou-1 exploration well in Cote d'Ivoire have both encountered water bearing reservoirs with oil shows.

MAIN FACTS:

-The Discoverer Spirit drillship drilled Mercury-2 to a final depth of 5,142 meters in water depths of 1,815 meters.

-Anadarko (55%) is operator of offshore Block SL-07B-11 along with partners Repsol (25%) and Tullow (20%).

-The Eirik Raude semi-submersible drilled Kosrou-1 to a final depth of 5,241 meters in water depths of 2,275 meters.

-On completion of operations the rig will return to the Paon-1 location to complete the drilling of that well.

-Anadarko (50%) is operator of offshore Block CI-105 along with partners Tullow (22%), Petroci (15%) and Thani (13%).

-Well data will now be integrated into regional models to improve chances of making a hub-class discovery with the ongoing campaign which includes the Strontium-1 well in Liberia and the Paon-1 well in Cote d'Ivoire.

-Tullow Oil shares at 1109 GMT up 1%, at 1538 pence, valuing the company at GBP13.9 billion.

-By Mark Shapland, Dow Jones Newswires; +44 207 8429358; mark.shapland@dowjones.com

Stocks mentioned in the article : Tullow Oil plc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on TULLOW OIL PLC
09:01a TOP NEWS : Tullow Cuts Production Guidance After Weaker First Half
08:05a TULLOW OIL : Trading Statement and Operational Update
06:56aDJTULLOW OIL : Eyes Lower Earnings as Output Falls, TEN Project on Track
06/29 TULLOW OIL : *liberum cuts tullow oil plc to 'sell' ('hold') - target 178 (170) ..
06/29 *TRADERS : Liberum cuts tullow oil plc to 'sell' ('hold')
06/28 TULLOW OIL : *goldman raises tullow oil plc price target to 276.80 (274.30) penc..
06/27 GUYANA : Exxon appraisal well finds large oil, gas deposits
06/23 EQUITY : Tullow Oil back tenders portal to link up big companies and SMEs
06/21 TULLOW OIL : and Total E&P to acquire production licences in Uganda
06/20DJTULLOW OIL : Tanzania, Uganda $4 Billion Oil-Pipeline Timetable Slips
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials