Member access

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

TULLOW OIL PLC (TLW)

38
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Tullow Oil Exploratory Wells Encounter Water Bearing Reservoirs

04/19/2012 | 07:34am US/Eastern

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
React to this article
Latest news on TULLOW OIL PLC
18h agoDJLONDON MARKETS : AstraZeneca, Oil Shares Contribute To FTSE 100's Advance
1d ago FTSE recovers after slide, commodities shares rebound
1d ago TULLOW OIL : *exane bnp cuts tullow oil price target to 653 pence - 'outperform'
2d ago Drop in inflation helps FTSE shrug off Russia turmoil
3d agoDJTax Disputes Flair as Africa Fights 'Secret' Oil Deals
3d ago FTSE hits 18-month closing low as commodity stocks sink
3d agoDJLONDON MARKETS : FTSE 100 Sheds Gains As Oil, Mining Stocks Drop
3d agoDJLONDON MARKETS : FTSE 100's Sheds Gains As Oil, Mining Stocks Drop
3d agoDJLONDON MARKETS : FTSE 100's Sheds Gains As Oil, Mining Stocks Drop
3d agoDJLONDON MARKETS : FTSE 100 Gains On Respite For Oil Shares
Advertisement
Chart
Duration : Period :
Tullow Oil plc Technical Analysis Chart | TLW | GB0001500809 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF