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

TULLOW OIL (TLW)
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Tullow Oil Exploratory Wells Encounter Water Bearing Reservoirs

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04/19/2012 | 01:34pm CET

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; [email protected]

Stocks mentioned in the article : Tullow Oil plc
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Financials ($)
Sales 2017 1 650 M
EBIT 2017 97,6 M
Net income 2017 -180 M
Debt 2017 3 498 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 19,89
EV / Sales 2017 4,16x
EV / Sales 2018 3,80x
Capitalization 3 360 M
Chart TULLOW OIL
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Tullow Oil Technical Analysis Chart | TLW | GB0001500809 | 4-Traders
Technical analysis trends TULLOW OIL
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 23
Average target price 2,68 $
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Paul McDade Chief Executive Officer & Executive Director
Aidan Joseph Heavey Chairman
Les Wood Chief Financial Officer & Executive Director
Angus Murray McCoss Executive Director & Exploration Director
Tutu Agyare Independent Non-Executive Director
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