Member access

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

TULLOW OIL PLC (TLW)

48
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Tullow Oil's Enyenra-4A In Ghana Finds Oil in Good Quality Reservoirs

03/16/2012 | 02:24am US/Eastern

Tullow Oil PLC (>> Tullow Oil plc), the oil explorer, said Friday that the Enyenra-4A appraisal well, in the Deepwater Tano license offshore Ghana, has successfully encountered oil in very good quality sandstone reservoirs.

MAIN FACTS:

-Good evidence of communication with the Owo-1 discovery wells and the Enyenra appraisal wells confirms the significant extent of the Enyenra light oil field.

- Results of drilling, wireline logs, samples of reservoir fluids and pressure data show that Enyenra-4A has intersected 32 meters of net oil pay.

-Pressure data from the oil leg has demonstrated that the oil is in static communication with the oil seen in the other wells in the field and indicates a continuous oil column of approximately 600 meters.

-On completion of operations, the well will be suspended for later use.

-The drillship will return at a later date to the Deepwater Tano block to perform a drill stem test on the oil zone in the Ntomme-2A well.

-Shares closed Thursday at 1,471 pence valuing the company at GBP13.31 billion.

-By Rory Gallivan, Dow Jones Newswires; 44-20-7842-9411; rory.gallivan@dowjones.com

Stocks mentioned in the article : Tullow Oil plc
React to this article
Latest news on TULLOW OIL PLC
04/16 CITIGROUP : Citi sees Tullow selling Kenya oil ahead of its Uganda production
04/15 TULLOW OIL : *traders: macquarie cuts tullow oil price target to 289 (382) pence
04/15 TULLOW OIL : *goldman raises tullow oil to 'buy' ('neutral') - target 411 (416) ..
04/15 TULLOW OIL : may sell stake in Kenya fields
04/14 TULLOW OIL : *citigroup raises tullow oil to 'buy' ('neutral') - target 433 (406..
04/14 TULLOW OIL : *traders: citigroup raises tullow oil to 'buy' ('neutral')
04/13 3i Group Appoints Thompson Chairman, Asquith Deputy Chairman
04/13DJ3i Group Appoints Simon Thompson as Chairman
04/13 Simon Thompson Appointed as Non-Executive Director of 3i
04/08 Afren appoints new chief executive
Advertisement
Chart
Duration : Period :
Tullow Oil plc Technical Analysis Chart | TLW | GB0001500809 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF