NEW! Investment Companies Centre

Tullow Oil (TLW)

Sector:

Oil & Gas Producers

Index:

FTSE 100

Market Cap

£3,063.82m

Change Today

Price Down-8.00p ()

Share Price

419.00p

Tullow Oil eyes upgrade at Kingfisher-2 well

Date: Wednesday 03 Sep 2008

LONDON (ShareCast) - Africa focused oil explorer Tullow Oil said an upgrade to potential oil reserves at its 50% owned Kingfisher-2 well in Uganda is likely.

An update on estimated volumes will be made following full evaluation of the test data, Tullow said in a company update.

The well, which is run and jointly owned by Heritage Oil, recently ran drilling tests. “Data from the DST-1 and DST-2 intervals indicate that the two lowermost sands are possibly in vertical communication and therefore could comprise the same reservoir.”

This, Tullow said, could potentially lead to higher oil volumes.

"Prior to the drilling of Kingfisher-2, the gross contingent resources of Kingfisher were independently evaluated by RPS Energy to have a most likely volume of 118m barrels," the group explained.

Last month Tullow reported impressive interim results, boosted by higher oil prices.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tullow Oil Market Data

Currency UK Pounds
Share Price 419.00p Price Down
Change Today -8.00p
52 Week High 985.00
52 Week Low 415.00
Volume 5,258,675
Shares Issued 731.22m
Market Cap £3,063.82m
Beta 1.11
RiskGrade 410

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
92.42% below the market average92.42% below the market average92.42% below the market average92.42% below the market average92.42% below the market average
93.1% below the sector average93.1% below the sector average93.1% below the sector average93.1% below the sector average93.1% below the sector average
Price Trend
39.08% above the market average39.08% above the market average39.08% above the market average39.08% above the market average39.08% above the market average
66.40% above the sector average66.40% above the sector average66.40% above the sector average66.40% above the sector average66.40% above the sector average
Income
99.52% below the market average99.52% below the market average99.52% below the market average99.52% below the market average99.52% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Growth
39.35% below the market average39.35% below the market average39.35% below the market average39.35% below the market average39.35% below the market average
89.33% below the sector average89.33% below the sector average89.33% below the sector average89.33% below the sector average89.33% below the sector average
Price Chg 6m
36.17% below the market average36.17% below the market average36.17% below the market average36.17% below the market average36.17% below the market average
23.20% above the sector average23.20% above the sector average23.20% above the sector average23.20% above the sector average23.20% above the sector average
P/E
85.15% below the market average85.15% below the market average85.15% below the market average85.15% below the market average85.15% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
PEG Not Available
Dividend Yield
85.66% below the market average85.66% below the market average85.66% below the market average85.66% below the market average85.66% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
EPS Growth
91.9% below the market average91.9% below the market average91.9% below the market average91.9% below the market average91.9% below the market average
84% below the sector average84% below the sector average84% below the sector average84% below the sector average84% below the sector average
Operating Margin
50.57% above the market average50.57% above the market average50.57% above the market average50.57% above the market average50.57% above the market average
57.65% above the sector average57.65% above the sector average57.65% above the sector average57.65% above the sector average57.65% above the sector average

What The Brokers Say

Strong Buy 9
Buy 4
Neutral 3
Sell 0
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tullow Oil Dividends

  Latest Previous
  Interim Final
Ex-Div 01-Oct-08 16-Apr-08
Paid 06-Nov-08 21-May-08
Amount 2.00p 4.00p

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

Tullow Oil Key Personnel

COO Paul McDade
Chair Patrick Plunkett
CEO Aidan Heavey
CFO Ian Springett

Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).