Member access

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

TULLOW OIL PLC (TLW)

29
Delayed Quote. Delayed London Stock Exchange - 07/30 11:35:19 am
755.5 GBp   -1.11%
3h agoDJLONDON MARKETS : Barclays Tops FTSE 100 After Upbeat Results
4h ago TULLOW OIL : Local Projects Progressing Well
10h ago TULLOW OIL : sinks into red but confident Africa strategy will pay off
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Tullow Oil Exploratory Wells Encounter Water Bearing Reservoirs

04/19/2012 | 07:34am US/Eastern
Recommend:
0

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
Recommend :
0
React to this article
Latest news on TULLOW OIL PLC
3h agoDJLONDON MARKETS : Barclays Tops FTSE 100 After Upbeat Results
4h ago TULLOW OIL : Local Projects Progressing Well
10h ago TULLOW OIL : sinks into red but confident Africa strategy will pay off
11h ago TULLOW OIL : Swings To Pretax Loss On Exploration Write-Offs
12h agoDJTULLOW OIL : Swings to Net Loss, Largely Due to Increase in Exploration Costs Wr..
1d ago SWALA ENERGY : Abu Dhabi firm quits Kisumu oil exploration
1d ago TULLOW OIL : appeals against Shs1 trillion award to URA
1d agoDJECOBANK : Kenya Oil Segment Needs $16 Billion Investment
1d agoDJPAN-AFRICAN ECOBANK : Kenya Upstream Oil Segment Needs $16 Billion of Investment..
2d ago AFRICA OIL : Tullow to seek partner for Turkana oil fields
Advertisement
Chart
Duration : Period :
Tullow Oil plc Technical Analysis Chart | TLW | GB0001500809 | 4-Traders
Income Statement Evolution
Tullow Oil plc : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF