Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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 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; 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
Latest news on TULLOW OIL PLC
06:59a TULLOW OIL : *rbc cuts tullow oil to 'sector perform' ('outperform') - target 27..
03/22 TULLOW OIL : Wants $250 Million Settlement Maintained
03/22 CNOOC : Makes Formal Bid for Tullow Shares
03/22 CNOOC : makes formal bid for Tullow shares
03/22 TULLOW OIL : wants $250 million settlement maintained
03/21 *CORRECTED : Panmure cuts tullow oil plc price target to 215 (245) pence - 'hold..
03/21 TULLOW OIL : to Close Uganda Interest Sales Deal
03/21 TULLOW OIL : CNOOC Exercises its Pre-Emption Rights in Respect of Farm Down to T..
03/21 TULLOW OIL : *liberum cuts tullow oil plc price target to 215 (245) pence - 'hol..
03/21 TULLOW OIL : *deutsche bank raises tullow oil plc to 'buy' ('hold') - target 270..
More news
Sector news : Oil & Gas Exploration and Production - NEC
10:20p HUSKY ENERGY : Canada's Saskatchewan province reviews pipeline rules after Husky..
10:27aDJCNOOC : Manages to Book Annual Profit Amid Cost Cutting
03/21 Statoil confirms Sverdrup oilfield cost estimate
03/20 HUSKY ENERGY : Regulator responding to Husky oil spill in Canada's Alberta
03/17 Tullow hits shareholders with surprise cash call to cut debt
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
03/18 FOCUS ON EUROPE : The M&A Market Is Still Red Hot
02/08 Tullow Oil's (TUWLF) CEO Aidan Heavey on Q4 2016 Results - Earnings Call Tran..
02/08 Tullow Oil reports FY results
02/08 Tullow Oil Plc. 2016 Q4 - Results - Earnings Call Slides
01/30 Seadrill Partners Delivers Mixed Signals, Still Too Early To Jump In
Advertisement
Financials ($)
Sales 2017 1 660 M
EBIT 2017 364 M
Net income 2017 192 M
Debt 2017 4 055 M
Yield 2017 -
P/E ratio 2017 14,17
P/E ratio 2018 10,81
EV / Sales 2017 3,83x
EV / Sales 2018 3,12x
Capitalization 2 303 M
More Financials
Chart TULLOW OIL PLC
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
TrendsBearishBearishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 3,63 $
Spread / Average Target 44%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
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-35.47%2 303
CONOCOPHILLIPS-10.95%55 180
EOG RESOURCES INC-6.38%54 628
CNOOC LTD-7.77%51 305
OCCIDENTAL PETROLEUM C..-10.84%48 540
WILLIAMS PARTNERS LP2.39%37 870
More Results