ANALYST VIEWS: HOW WERE TULLOW RESULTS?

first_img whatsapp Tags: NULL Share JOB LONGBROEK | DAVY STOCKBROKERSExploration continues to be a major source of new value for the group. During the year, it participated in 29 wells with an 83 per cent success rate. If we take into account Ghanaian discoveries and the hopefully reinvigorated Ugandan business, output net to Tullow of significantly over 200,000 barrels per day is possible, changing the group’s profile entirely.RICHARD GRIFFITH | EVOLUTION SECURITIESTullow had a very good 2010: reserves and resources increasing 60 per cent, its first deepwater development offshore Ghana started up on time and had an 83 per cent exploration success. Yet the shares are only up 15 per cent year on year, reflecting how the Ugandan issue has dragged on the stock.CHARLIE SHARP | MATRIXThe financials were a smidge lower than expected but primarily due to higher finance charges. The Julbilee field is performing just about in line with expectations, although the ramp up to 120,000 barrels of oil per day is a tad slower than initially expected. Still no resolution on Uganda, nor any indication of timing. This should not be a surprise, but pressure will mount to sort this quickly now that the election is over. ANALYST VIEWS: HOW WERE TULLOW RESULTS? Wednesday 9 March 2011 8:00 pm whatsapp Show Comments ▼ KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wraplast_img

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