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

Delayed Quote. Delayed  - 07/28 05:35:12 pm
194.8 GBp   -4.88%
07/28 TULLOW OIL : Suffers 34 Percent Revenue Decline
07/28 TULLOW OIL : *jefferies raises tullow oil price target to 175 (166) ..
07/28 TULLOW OIL : *jpmorgan cuts tullow oil plc price target to 270 (290)..
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Tullow Oil Exploratory Wells Encounter Water Bearing Reservoirs

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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
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Financials ($)
Sales 2016 1 467 M
EBIT 2016 259 M
Net income 2016 -23,9 M
Debt 2016 4 726 M
Yield 2016 -
P/E ratio 2016 106,40
P/E ratio 2017 17,37
EV / Sales 2016 4,82x
EV / Sales 2017 3,68x
Capitalization 2 349 M
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Mean consensus HOLD
Number of Analysts 27
Average target price 3,52 $
Spread / Average Target 37%
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NameTitle
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
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