TUWLY Tullow Oil PLC featured news, full reports, and detailed charts
Tullow Oil PLC (TUWLY/TUWLY.PK) Wrap Up:
Tullow Oil plc engages in the exploration, development, and production of oil and gas in Europe, Africa, south Asia, and South America. The company also engages in sale of hydrocarbons and related activities. It holds interests in exploration and production assets in Gabon, Cote d'Ivoire, Congo, Mauritania, and Equatorial Guinea; a gas field development and appraisal program in Ghana and Uganda; and exploration programs in Mauritania, Senegal, Cameroon, the Democratic Republic of Congo, Namibia, Gabon, Tanzania, Madagascar, and Angola in Africa. In addition, the company has exploration and production interests in Pakistan, Bangladesh, the Netherlands, Portugal, the United Kingdom, and India,...Tullow Oil PLC (TUWLY:OTC)
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Market Cap
1.7T
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Total Revenue
732.3M
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EBITDA
472.7M
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DILUTED EPS TTM
0.19
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P/E
5,591.9x
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P/S
1,036.9x
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Return On Asset
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Return On Equity
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| K = Thousands M = Millions B = Billions | ||
TUWLY Top Compensated Officers
Executives, Board Directors
Key developments for Tullow Oil PLC (TUWLY)
Tim O'Hanlon, Vice President for Africa business of Tullow Oil plc said that the firm expects to make a decision on the sale of a stake in a prolific oil block in Uganda within the next three months. He also said that the company had no preference for a Chinese or a Western bidder, as long as the company to partner in the project met its financial and technical criteria and has downstream expertise. He added, “We expect a solution on this within the next three months or so.”
Tullow Oil plc and partners have announced a new find at their offshore Ghana acreage, in the midst of discussions over the sale of the Kosmos stake in the area. The Mahogany-4 well in the West Cape Three Points licence suggested an eastern extension to the boundaries of the Jubilee oilfield, having encountered net pay of 15 metres at the level of Jubilee reservoirs, followed by a further 20 metres net pay at a deeper level. The well was drilled to a depth of 3,680 metres in a water depth of 1,079 metres. The partners plan to follow up on the find with the Mahogany Deep-2 well to further understand the prospects at deeper levels. Alongside this, Tullow and partners are also moving forward with the J-03 development well to develop first production from the Jubilee field for the second half of 2010, with an initial plateau of 120,000 b/d envisaged. Tullow and Anadarko (also in the Jubilee consortium), also announced that their South Grand Lahou-1 well offshore Cote d'Ivoire had not encountered hydrocarbons, although the company still hopes that 'Jubilee-like' prospects will be found in the offshore Equatorial Atlantic region spanning Sierra Leone to Ghana.
CNOOC Ltd is in talks with Tullow Oil Plc to be part of a $5 billion oil project in Uganda, Dow Jones Newswires reported. As per the report the west-African country intends to divest stakes in a recent discovery of oil in the Lake Albert region. Ugandan energy ministry, Tullow Oil and CNOOC are known to have started talks in early September and other major oil parties had already expressed interest, Dow Jones Newswires reported. Brian Glover, Tullow's Uganda manager, said the company was in talks to select investment partners acceptable to the Ugandan government.
TUWLY Competitors
| Company | Last | Change |
| Afren | 94.50 GBX | +0.50 |
| Cairn Energy | 2,915 GBX | -1.00 |
| Dana Petroleum | 1,279 GBX | -21.00 |
| Premier Oil | 1,144 GBX | -5.00 |
| Soco International | 1,340 GBX | -33.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | TUWLY | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 1,036.9x |
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| Price/Book | 1,347.3x |
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| Price/Cash Flow | 2,323.0x |
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| TEV/Sales | 1,157.0x |
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TUWLY transactions
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| No transactions in the last 6 months. | ||
More Recent News About Tullow Oil PLC
More news for TUWLY
Madagascar Coup Raises Questions For Investors
Madagascar's president, Marc Ravalomanana, threw in the towel on Tuesday and ceded power to a new military-backed regime after months of street protests and political tensions in the island nation. The presidency is now likely to fall into the hands of Andry Rajoelina, the opposition leader who has enjoyed the support of the Malagasy military, but it's not clear whether this will lead to more uncertainty for companies like Total, ExxonMobil and Rio Tinto, all of which have interests on the commodity-rich island.Although the fresh-faced Rajoelina is a popular figure, particularly in the capital of Antananarivo, where he was elected mayor in 2007, Tuesday's takeover of power had all the hallmarks of a military coup. President Ravalomanana had succeeded in holding his rival at bay through somewhat ruthless means over the past few weeks, including ordering security forces to open fire on a street protest in February, but when even the military turned against him and smashed into the presidential palace on Monday, there was little alternative but to stand down."This gives a very bad signal to foreign investors," said Karanta Kalley, an analyst with IHS Global Insight, who said there had been growing investor interest in Madagascar in the past two or three years. But he told Forbes that a lot depended on the future behavior of the new regime, both in terms of politics and in terms of existing contracts with outside companies.Madagascar's rich mineral deposits of iron ore and bauxite, as well as Ravalomanana's free-market reforms, have attracted a wave of outside investments since he took power in 2002. But lately his position had been eroded by allegations of corruption and misrule. Rajoelina has accused his rival of running Madagascar like a dictator, while letting his people starve; most of the island's population lives on less than $2 a ...Click here to read the whole Article (external link)
Tullow Shrugs Off Oil Fears
All is not well in the world of black gold. Oil-exporting cartel OPEC is expected later this month to slash its demand forecasts for 2009, and perhaps even contemplate another cut to supplies in the hope of nudging oil prices past the $40.00 to $45.00 per barrel level. But for British exploration firm Tullow Oil, a run of successful discoveries off the coast of Ghana has proven appealing to investors regardless. (other-otc: TUWLF - news - people ) has announced around seven successful drilling operations over the past year off the Ghana coast, and on Monday the company said it had made a "significant discovery" at one of its exploration wells, Tweneboa, part of a block which is nearly 50.0% owned by the company. The announcement was light on details, describing a 21-meter payload area and promising further drilling to assess a "potentially giant" neighboring patch of oil trapped in sand and earth.Shares of Tullow Oil jumped 8.6%, or 63 pence (87 cents), to 798 pence ($11.00), during afternoon trading in London. The stock has gained more than 63.0% over the past three months, while bigger, integrated companies like (nyse: BP - news - people ), (nyse: ...Click here to read the whole Article (external link)
Rio Tinto Keeps Europe Up
European shares managed to keep some of their gains at the end of trading Wednesday, though weak economic data and reforms for the pharmaceutical sector managed to offset a boost from Rio Tinto's restructuring plans.The Dow Jones Euro Stoxx index of 50 leading European shares rose 0.6%, to 2,495.58 points. Britain's FTSE 100 fell 0.3%, while France's CAC-40 advanced 0.7% and Germany's DAX rose by 0.5%.Pharmaceutical stocks slipped after the European Commission adopted a package of reforms that included weak restrictions on so-called parallel traders, who repackage and re-sell prescription drugs.Saddled with nearly $40.0 billion in net debt, miner Rio Tinto said it was cutting 14,000 jobs, slashing capital spending and boosting asset sales, but said it would hold its dividend steady. Shares of (nyse: RTP - news - people ) jumped 20.4%, while rival BHP Billiton rose 6.7% in London. (See "Rio Digs Its Way Out Of Debt.")Oil rose $1.04, to $43.11, on the New York Mercantile Exchange, but energy stocks slipped, with (nyse: BP - news - people ) down 2.4% and (other-otc: ...Click here to read the whole Article (external link)