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Tullow Oil (TLW)

Sector:

Oil & Gas Producers

Index:

FTSE 100

Market Cap

£3,614.35m

Change Today

Price Up2.75p ()

Share Price

494.25p

Ugandan test drilling goes well for Heritage

Date: Wednesday 03 Sep 2008

LONDON (ShareCast) - Test results from drilling in Uganda have surpassed Heritage Oil’s expectations.

The oil exploration and production company said test results of all three reservoir intervals in the Kingfisher-2 well in Block 3A have been successful, with record test production from any well drilled in Uganda.

The three reservoirs produced at a cumulative flow rate of 14,364 barrels of oil per day (bopd).

As a result of the test drilling the company is confident there will be an upgrade to potential oil reserves at this location.

“This is the third well in the Albert Basin to produce over 12,000 bopd under test and the second in Block 3A,” said Tony Buckingham, chief executive officer of Heritage.

The company plans to drill four wells in Block 3A and Block 1 during the remainder of 2008.

Heritage is equal joint owner with Tullow Oil of the Block 3A and Block 1 Ugandan licences.

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 494.25p Price Up
Change Today +2.75p
52 Week High 985.00
52 Week Low 419.00
Volume 3,257,853
Shares Issued 731.28m
Market Cap £3,614.35m
Beta 1.16
RiskGrade 448

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
93.57% below the market average93.57% below the market average93.57% below the market average93.57% below the market average93.57% below the market average
96.52% below the sector average96.52% below the sector average96.52% below the sector average96.52% below the sector average96.52% below the sector average
Price Trend
54.88% above the market average54.88% above the market average54.88% above the market average54.88% above the market average54.88% above the market average
75.81% above the sector average75.81% above the sector average75.81% above the sector average75.81% above the sector average75.81% 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
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
37.8% below the market average37.8% below the market average37.8% below the market average37.8% below the market average37.8% below the market average
86.49% below the sector average86.49% below the sector average86.49% below the sector average86.49% below the sector average86.49% below the sector average
Price Chg 6m
7.43% below the market average7.43% below the market average7.43% below the market average7.43% below the market average7.43% below the market average
53.23% above the sector average53.23% above the sector average53.23% above the sector average53.23% above the sector average53.23% above the sector average
P/E
87.09% below the market average87.09% below the market average87.09% below the market average87.09% below the market average87.09% below the market average
79.49% below the sector average79.49% below the sector average79.49% below the sector average79.49% below the sector average79.49% below the sector average
PEG Not Available
Dividend Yield
88.6% below the market average88.6% below the market average88.6% below the market average88.6% below the market average88.6% 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
91.3% below the market average91.3% below the market average91.3% below the market average91.3% below the market average91.3% 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
50.32% above the market average50.32% above the market average50.32% above the market average50.32% above the market average50.32% 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 10
Buy 4
Neutral 4
Sell 0
Strong Sell 0
Total 18
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 03-Dec-2008

Time Volume / Share Price
16:54 40,304 @ 495.02p
16:54 82,501 @ 477.78p
16:46 2,400 @ 494.25p
16:42 8,000 @ 494.25p
16:35 302,042 @ 494.25p

Tullow Oil Key Personnel

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

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