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    TLW   GB0001500809

TULLOW OIL (TLW)
Mes dernières consult.
Most popular
  Report  
Delayed Quote. Delayed  - 02/16 05:35:24 pm
175.6 GBp   +1.44%
02/15TULLOW OIL : names new head of Ghana operations
RE
02/09AFRICA OIL CORP : - Kenya Operations Update
AQ
02/08PETROFAC : awarded follow-on well decommissioning project
AQ
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Tullow Oil plc : West African Transform Margin Exploration Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/19/2012 | 02:40pm CET
19 Apr 2012 West African Transform Margin Exploration Update

Tullow Oil plc (Tullow) announces that the Mercury-2 exploratory appraisal well in Sierra Leone and the Kosrou-1 exploration well in Côte d'Ivoire have both encountered water bearing reservoirs with oil shows.

Mercury-2 - Sierra Leone
The Mercury-2 well was drilled 12 kilometres northwest of the Mercury-1 oil discovery, targeting an area where the extensive 3D seismic coverage indicated a high probability of finding thick reservoir quality sandstones. It intersected over 270 metres of reservoir quality sandstones which were water bearing with oil shows at this location.

The Discoverer Spirit drillship drilled Mercury-2 to a final depth of 5,142 metres in water depths of 1,815 metres.

Anadarko (55%) is Operator of offshore Block SL-07B-11 along with partners Repsol (25%) and Tullow (20%).

Kosrou-1 - Côte d'Ivoire
The Kosrou-1 well was drilled in the CI-105 block, 17 kilometres east south east of the previous South Grand Lahou-1 well, targeting a channel system identified on the 3D seismic survey acquired in 2010. It intersected 90 metres of reservoir quality sandstones with oil shows in the primary target and over 120 metres in total in the well.

The Eirik Raude semi-submersible drilled Kosrou-1 to a final depth of 5,241 metres in water depths of 2,275 metres. On completion of operations the rig will return to the Paon-1 location to complete the drilling of that well. Paon-1 is a high impact prospect which is geologically independent from Kosrou and closer to our discoveries in Ghana.

Anadarko (50%) is Operator of offshore Block CI-105 along with partners Tullow (22%), Petroci (15%) and Thani (13%).

Commenting today, Angus McCoss, Exploration Director, said:
"Kosrou-1 and Mercury-2 encountered significant reservoir sands which were water bearing with oil shows. The existence of thick sandstone fairways and a working hydrocarbon system, proven by every well in our exploration campaign, mean that our West African Transform Margin acreage remains highly prospective. The well data will now be integrated into our regional models to improve our 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 Côte d'Ivoire.

For further information contact:
Tullow Oil plc

(+44 20 3249 9000)

Chris Perry

Investor Relations

James Arnold

Investor Relations

George Cazenove

Media Relations

Citigate Dewe Rogerson

(+44 207 638 9571)

Martin Jackson

Kate Lehane

(+353 1 498 0300)

Joe Murray

Ed Micheau

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TULLOW OIL
02/17TULLOW OIL : Export of Oil Expected to Start Early
AQ
02/15TULLOW OIL : Export of oil expected to start early
AQ
02/15TULLOW OIL : names new head of Ghana operations
RE
02/13AFRICA OIL : Provides Kenya Operations Update
AQ
02/12TULLOW OIL : Prepares to Re-Start Drilling Offshore in Ghana
AQ
02/09AFRICA OIL CORP. : - Kenya Operations Update
AQ
02/08PETROFAC : awarded follow-on well decommissioning project
AQ
02/08TULLOW OIL : cuts losses
AQ
02/07Financials help FTSE 100 off 10-month lows
RE
02/07PETROFAC : Awarded Follow-on Well Decommissioning Project
AQ
More news
News from SeekingAlpha
02/07Tullow Oil Plc. 2017 Q4 - Results - Earnings Call Slides 
02/07Tullow Oil's (TUWLF) CEO Paul McDade on Q4 2017 Results - Earnings Call Trans.. 
02/07Tullow Oil reports FY results 
01/10Tullow says 2017 generated $500M in free cash flow 
2017Tullow Oil Is Good And Could Become Great Again 
Financials ($)
Sales 2018 1 750 M
EBIT 2018 677 M
Net income 2018 282 M
Debt 2018 2 846 M
Yield 2018 0,05%
P/E ratio 2018 11,83
P/E ratio 2019 12,09
EV / Sales 2018 3,59x
EV / Sales 2019 3,14x
Capitalization 3 432 M
Chart TULLOW OIL
Duration : Period :
Tullow Oil Technical Analysis Chart | TLW | GB0001500809 | 4-Traders
Technical analysis trends TULLOW OIL
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 2,83 $
Spread / Average Target 14%
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
Sector and Competitors
1st jan.Capitalization (M$)
TULLOW OIL-16.21%3 359
CONOCOPHILLIPS1.13%66 363
CNOOC LTD1.60%65 070
EOG RESOURCES-1.07%62 268
OCCIDENTAL PETROLEUM CORPORATION-5.17%53 452
WILLIAMS PARTNERS LP4.25%38 933