Editor's Pick: Markets: The week that was (16-20/11/09)
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| Date/Time | Headline | Source |
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| Fri 06:54 | AFX UK Focus |
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Nov 20 (Reuters) - European Oil & Gas:
outperform rating outperform outperform market perform EUR; rating market perform rating market perform
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 13-11-09 | AFX UK Focus |
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ACCRA, Nov 13 (Reuters) - Some 50 international oil companies including Chinese firms have expressed interest in exploration of Ghana's giant Jubilee oilfield, Deputy Energy Minister Kwabena Donkor said on Friday.
(mark.john@thomsonreuters.com; Dakar Newsroom +221 33 864 5076)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 13-11-09 | AFX UK Focus |
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ACCRA, Nov 13 (Reuters) - Some 50 international oil companies including Chinese firms have expressed interest in exploration of Ghana's giant Jubilee oil field, Deputy Energy Minister Kwabena Donkor said on Friday.
(mark.john@thomsonreuters.com; Dakar Newsroom +221 33 864 5076)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 11-11-09 | AFX UK Focus |
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LONDON, Nov 11 (Reuters) - Tullow Oil PLC:
line with guidance
basin international oil companies
Shell million STG ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 11-11-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 3061C
Tullow Oil PLC
11 November 2009
News Release
Tullow Oil plc: Interim Management Statement
Strong performance continues; 85% exploration success rate year-to-date
11 November 2009 - Tullow Oil plc (Tullow) issues the following Interim Management Statement, for the period 1 July 2009 to 11 November 2009, in accordance with reporting requirements of the EU Transparency Directive. A full year Trading Statement and Operational update will be issued on 20 January 2010.
Tullow's business continues to perform strongly. Overall, operational and financial performance is in line with expectations. The Group's exploration programme delivered material successes in Uganda, Ghana and Sierra Leone; this has contributed to a year-to-date exploration success rate of 85%. The Group's producing and development assets are performing well with 2009 working interest production expected to average 58,000 boepd, in line with previous guidance. Jubilee development drilling and facilities fabrication remains on track to deliver first oil in the fourth quarter of 2010.
AFRICA
Ghana and West African Equatorial Atlantic
Tullow's significant acreage position in the Equatorial Atlantic region of West Africa now incorporates nine deepwater blocks in Sierra Leone, Liberia, C?d'Ivoire and Ghana. Exploration drilling activity during the period has further enhanced the prospectivity of this acreage.
In July, Tullow acquired a 10% interest in two blocks offshore Sierra Leone, SL-06/07 and SL-07. The Venus-B-1 exploration well was drilled in block SL-06/07 in September. The well discovered hydrocarbons and proved the existence of an active petroleum system some 700 miles west of the Jubilee field. This result has de-risked the Group's numerous Jubilee-type prospects in West Africa and South America.
In October, the South Grand Lahou-1 wildcat was drilled offshore C?d'Ivoire in the CI-105 licence. The targeted reservoir sands were found to be water-bearing at this location. However data gained will provide valuable insights into the Jubilee play and help prioritise prospects in the Equatorial Atlantic inventory for drilling in 2010 and beyond.
A three-well Jubilee field appraisal programme commenced in September with the drilling of Mahogany-4. This well successfully extended the field eastwards, encountering Jubilee reservoir sands on prognosis, and additional underlying oil reservoirs. The Mahogany-Deep-2 well is currently drilling to appraise the southern extent of the field and is expected to reach the objectives later this month. Drilling of the final well in this programme, Mahogany-5, is planned for early 2010.
The first appraisal well on the Odum discovery, Odum-2, is scheduled to commence later this month. On completion, the rig is expected to move to drill the Tweneboa-2 appraisal well in December.
Excellent progress is being made on the Jubilee field development project with six development wells drilled within prognosis over the period. Twelve wells in total are now ready for completion equipment to be installed. The FPSO
conversion work in Singapore is on schedule and subsea equipment fabrication is on track for the start of a major installation campaign early in 2010. Overall, the project is on track to deliver first oil in the fourth quarter of 2010.
Uganda
Significant commercial and operational progress was made in Uganda during the period. In October, in consultation with the Ugandan Government, a dataroom was opened to facilitate the sale of up to 50% of Tullow's interests in the Lake Albert Rift Basin. The Group's ultimate aim is to retain a material operated stake in the basin and to work with a like-minded partner who will also bring downstream expertise to the development. Considerable interest has been shown from both National and International oil companies. A decision on the most suitable partner is expected early in the New Year.
Since the beginning of July, three successful exploration wells have been drilled; Ngara-1, Wahrindi-1 and Ngassa-2. With further appraisal drilling, Ngassa-2 has the potential to be the largest discovery in the basin to date. A multi-well drilling campaign, incorporating both high-impact exploration wells in Block 1 and appraisal wells in Block 2, is expected to recommence early in 2010.
Significant progress has been made on the commercialisation of the Ugandan resources with key elements of early basin-wide development activity agreed with the Government of Uganda. Detailed engineering studies have been advanced for the first phases of the development plan and, combined with the ongoing appraisal activities and execution of extended well tests in 2010, will underpin the development concepts that are currently being discussed with the Government.
Rest of Africa
Production performance from all African assets is in line with expectations with production from Equatorial Guinea in particular currently exceeding expectations.
In Tanzania, preparations are underway for the drilling of the Tullow operated onshore Likonde-1 exploration well in the Lindi block which is scheduled to commence drilling at the beginning of 2010.
REST OF THE WORLD
Europe
Gas production performance in the UK over the period has been stable and benefited from the successful Boulton B4 well, which started production in July, and a series of Boulton well interventions.
South Asia
Tullow's South Asian business continues to perform in line with expectations. Production from the Bangora field in Bangladesh has increased to 120 mmscfd following the successful workover and tie-back of the Bangora-3 well. In September formal notification was received from Petrobangla awarding Tullow offshore Block SS-08-05. Discussions with Petrobangla to finalise the Production Sharing Contract for this licence are ongoing and it is expected that exploration work will commence in 2010.
In Pakistan, the OGDCL rig has been mobilised to the Kohat Block for drilling the Skeikhan-1 well on the Kohat East prospect later this month.
South America
Activity in South America has focused on pursuing geological play types similar to the Jubilee field in Ghana. In French Guiana, where Tullow has identified numerous Jubilee-type leads in the Guyana Martime licence, Tullow has reached agreement to farm down a 33% interest to Shell Exploration and Production France SAS (Shell). Tullow retains a 64.5% operated interest in the block where a 3,000 square kilometre 3D seismic programme commenced in mid-September. The sale to Shell, which also includes an option to acquire a further 12% at a later date, is subject to formal approval from the relevant French authorities. It is anticipated that agreement will be reached to farm down further equity in this highly prospective block to another party before year-end.
In the Georgetown Block in Guyana, interpretation of the recently acquired 3D data set continues with the maturation of several attractive stratigraphic prospects.
In Suriname, preparations to commence drilling on the onshore Coronie block are ongoing. A 5-well exploration campaign is expected to commence before year-end.
FINANCIAL UPDATE
Tullow's financial performance for the period is in line with expectations. The Group maintains production guidance at 58,000 boepd and capital expenditure for 2009 is expected to be in the region of £750 million. Net Debt at 31 October 2009 was £664 million.
OUTLOOK
Tullow has continued to build for the future in 2009 with outstanding exploration performance and excellent
progress on major development projects in Africa. Recent successes in Sierra Leone and Ghana have enhanced the potential of our West African portfolio and the inclusion of Shell as a partner in French Guiana is a strong endorsement of our Equatorial Atlantic acreage. A number of high-impact wells will commence drilling before year-end and we expect to have a new partner in Uganda early in the New Year. The outlook for the remainder of 2009 and into 2010 is very positive.
SHORT TERM EXPLORATION AND APPRAISAL SCHEDULE
November December January
Ghana Mahogany Deep-2
Odum-2 Tweneboa-2
Uganda Block 1&2
Rest of World Skeikhan-1 Coronie Block Likonde-1
FOR FURTHER INFORMATION CONTACT:
Tullow Oil plc Citigate Dewe Rogerson Murray Consultants
(+44 20 8996 1000) (+44 207 638 9571) (+353 1 498 0300)
Ian Springett Martin Jackson Joe Murray
Angus McCoss George Cazenove Ed Micheau
James Arnold
Notes to Editors
Tullow is a leading independent oil & gas, exploration and production group, quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a constituent of the FTSE 100 Index. The Group has interests in over 85 exploration and production licences across 23 countries and focuses on four core areas: Africa, Europe, South Asia and South America.
In Africa, Tullow has production in Gabon, C?d'Ivoire, Mauritania, Congo (Brazzaville) and Equatorial Guinea and two large appraisal and development programmes in Ghana and Uganda. Tullow also has exploration interests in Gabon, C?d'Ivoire, Liberia, Sierra Leone, Mauritania, Senegal, Congo (DRC), Tanzania, Madagascar,
Namibia and Angola.
Tullow's European interests are primarily focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames area. The company also has interests offshore the Netherlands and Portugal.
In South Asia, Tullow has exploration and production in Pakistan and Bangladesh. In South America, Tullow has exploration interests in Guyana, French Guiana and Suriname.
For further information please refer to our website at www.tullowoil.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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| 06-11-09 | RNS |
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RNS Number : 1181C Tullow Oil PLC 06 November 2009
BLOCKLISTING SIX MONTHLY RETURN Information provided on this form must be typed or printed electronically.
To: The FSA
Date: 06 November 2009 1. Name of applicant:
2. Name of scheme Tullow Oil 2000 Executive Share Option Scheme ('2000 Scheme') 3. Period of return:
4. Balance under scheme from previous return:
6. Number of securities issued/allotted under scheme during period:
7. Balance under scheme not yet issued/allotted at end of period
8. Number and class of securities originally listed and the date of admission
2,200,000 ordinary shares of 10p each admitted on 5 November 2003
9. Total number of securities in issue at the end of the period 803,795,253 Name of contact: Richard Taylor Address of contact 3rd Floor Building 11 Chiswick Park 566 Chiswick High Road London W4 5YS Telephone number of contact 0208 996 1000 Signed by *Richard Taylor Director/company secretary/suitably experienced employee/duly authorised officer, for and on behalf of Name of applicant *Tullow Oil plc This information is provided by RNS The company news service from the London Stock Exchange END
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| 05-11-09 | AFX UK Focus |
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CAPE TOWN, Nov 5 (Reuters) - The construction of the long-delayed gas-to-power Kudu project in Namibia, expected to generate 800 megawatts of electricity, will start in January, the head of Gazprom International said on Thursday.
(agnieszka.flak@reuters.com; +27 11 775 3154; Reuters Messaging: agnieszka.flak.reuters.com@reuters.net)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 04-11-09 | AFX UK Focus |
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By Elias Biryabarema
KAMPALA, Nov 4 (Reuters) - Uganda intends to woo Chinese investment to boost the country's efforts in adding value to exports and to tackle energy and infrastructure handicaps, government officials said.
"Our prime economic interest in China is if they can invest in our processing industry, infrastructure and energy, including nuclear energy, as the president has emphasized in the past. That would be a good partnership," President Yoweri Museveni's spokesperson, Tamale Mirundi, told Reuters.
REFINERY FOR UGANDAN OIL
China has "enormous investment funds capable of undertaking huge infrastructure projects in energy and infrastructure and these are the areas where we're focusing our efforts," he said.
(Email: nairobi.newsroom@reuters.com, tel 254 20 222 4717)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 03-11-09 | AFX UK Focus |
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CAPE TOWN, Nov 3 (Reuters) - Liberia may have oil resources of over a billion barrels, with the first well expected to be drilled next year, a senior national oil company official said on Tuesday.
(Reporting by Agnieszka Flak and Wendell Roelf; editing by James Jukwey) Keywords: AFRICA OIL/LIBERIA (agnieszka.flak@reuters.com; +27 11 775 3154; Reuters Messaging: agnieszka.flak.reuters.com@reuters.net)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 30-10-09 | RNS |
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RNS Number : 7270B Tullow Oil PLC 30 October 2009 Tullow Oil plc Total Voting Rights In conformity with the FSA's Disclosure and Transparency Rules, Tullow Oil plc today announces the following:
Therefore, the total number of voting rights in Tullow Oil plc is 803,795,253. The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Tullow Oil plc under the FSA's Disclosure and Transparency Rules. This information is provided by RNS The company news service from the London Stock Exchange END
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| 29-10-09 | AFX UK Focus |
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LONDON, Oct 29 (Reuters) - Royal Dutch Shell Plc CFO says on conference call with reporters:
Uganda field stake German refineries it put on up for sale (London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 26-10-09 | AFX UK Focus |
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NEW YORK, Oct 26 (Reuters) - China's Sinopec has offered to make a joint bid with Ghana's national oil company for Kosmos Energy's stake in the huge Jubilee oilfield off the coast of the country, the Wall Street Journal reported on Monday, citing a person familiar with the matter.
(Reporting by Michael Erman; Editing by Gary Hill) Keywords: SINOPEC KOSMOS/ (Reuters Messaging: michael.erman.reuters.com@reuters.net; +1 646 223 6021)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 23-10-09 | AFX UK Focus |
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NEW YORK, Oct 22 (Reuters) - BP Plc has had talks with Ghana's national oil company about a possible joint bid for Kosmos Energy's stake in the huge Jubilee oilfield off the coast of the country, Bloomberg said on Thursday, citing two people familiar with the matter.
(Reporting by Michael Erman; editing by Carol Bishopric) Keywords: BP KOSMOS/ (Reuters Messaging: michael.erman.reuters.com@reuters.net; +1 646 223 6021)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 21-10-09 | RNS |
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RNS Number : 1919B Tullow Oil PLC 21 October 2009 The following amendment has been made to the below announcement released on 21 October 2009 at 16.21pm under RNS No 1826B. Under point 8, State the nature of the transaction, the date should read 20 October, 2009, and not 20 September 2009, as per initial announcement. All other details remain unchanged. The full amended text is shown below. NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to
(2) An issuer making a notification in respect of a derivative relating the
(3) An issuer making a notification in respect of options granted to a
director/person discharging managerial responsibilities should complete
(4) An issuer making a notification in respect of a financial instrument
Please complete all relevant boxes should in block capital letters. 1. Name of the issuer
TULLOW OIL PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R; or (ii) a disclosure made in accordance with LR 9.8.6R(1); or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). RELATES TO (i) 3. Name of person discharging managerial responsibilities/director
ANN GRANT 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
IN RESPECT OF PERSON REFERRED TO IN 3 ABOVE 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares ORDINARY SHARES OF 10p 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
ANN GRANT 8 State the nature of the transaction 20 October 2009, Ann Grant, a non-executive director of Tullow Oil plc, purchased 2,371 shares at £12.56 per share. 9. Number of shares, debentures or financial instruments relating to shares acquired 2,371 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.0003% 11. Number of shares, debentures or financial instruments relating to shares disposed
N/A 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A 13. Price per share or value of transaction £12.56 per share 14. Date and place of transaction 20 OCTOBER 2009: LONDON STOCK EXCHANGE 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 2,371 (0.003%) 16. Date issuer informed of transaction
21 OCTOBER 2009 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17 Date of grant 18. Period during which or date on which it can be exercised 19. Total amount paid (if any) for grant of the option 20. Description of shares or debentures involved (class and number) 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise 22. Total number of shares or debentures over which options held following notification 23. Any additional information 24. Name of contact and telephone number for queries
RICHARD TAYLOR 0208 996 1000 Name and signature of duly authorised officer of issuer responsible for making notification Date of notification
21 OCTOBER 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 21-10-09 | RNS |
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RNS Number : 1826B Tullow Oil PLC 21 October 2009 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to
(2) An issuer making a notification in respect of a derivative relating the
(3) An issuer making a notification in respect of options granted to a
director/person discharging managerial responsibilities should complete
(4) An issuer making a notification in respect of a financial instrument
Please complete all relevant boxes should in block capital letters. 1. Name of the issuer
TULLOW OIL PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R; or (ii) a disclosure made in accordance with LR 9.8.6R(1); or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). RELATES TO (i) 3. Name of person discharging managerial responsibilities/director
ANN GRANT 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
IN RESPECT OF PERSON REFERRED TO IN 3 ABOVE 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares ORDINARY SHARES OF 10p 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
ANN GRANT 8 State the nature of the transaction 20 September 2009, Ann Grant, a non-executive director of Tullow Oil plc, purchased 2,371 shares at £12.56 per share. 9. Number of shares, debentures or financial instruments relating to shares acquired 2,371 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.0003% 11. Number of shares, debentures or financial instruments relating to shares disposed
N/A 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A 13. Price per share or value of transaction £12.56 per share 14. Date and place of transaction 20 OCTOBER 2009: LONDON STOCK EXCHANGE 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 2,371 (0.003%) 16. Date issuer informed of transaction
21 OCTOBER 2009 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17 Date of grant 18. Period during which or date on which it can be exercised 19. Total amount paid (if any) for grant of the option 20. Description of shares or debentures involved (class and number) 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise 22. Total number of shares or debentures over which options held following notification 23. Any additional information 24. Name of contact and telephone number for queries
RICHARD TAYLOR 0208 996 1000 Name and signature of duly authorised officer of issuer responsible for making notification Date of notification
21 OCTOBER 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 19-10-09 | RNS |
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RNS Number : 0464B Tullow Oil PLC 19 October 2009 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to
(2) An issuer making a notification in respect of a derivative relating the
(3) An issuer making a notification in respect of options granted to a
director/person discharging managerial responsibilities should complete
(4) An issuer making a notification in respect of a financial instrument
Please complete all relevant boxes should in block capital letters. 1. Name of the issuer
TULLOW OIL PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R; or (ii) a disclosure made in accordance with LR 9.8.6R(1); or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). RELATES TO (i) 3. Name of person discharging managerial responsibilities/director PAUL McDADE 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
IN RESPECT OF PERSON REFERRED TO IN 3 ABOVE 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares ORDINARY SHARES OF 10p 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them 8 State the nature of the transaction
MARKET SALE 9. Number of shares, debentures or financial instruments relating to shares acquired
N/A 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
N/A 11. Number of shares, debentures or financial instruments relating to shares disposed 90,000 (0.112%) 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A 13. Price per share or value of transaction 1253.91 pence per share 14. Date and place of transaction 19 OCTOBER 2009: LONDON STOCK EXCHANGE 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 203,181 (0.253%) 16. Date issuer informed of transaction
19 OCTOBER 2009 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17 Date of grant 18. Period during which or date on which it can be exercised 19. Total amount paid (if any) for grant of the option 20. Description of shares or debentures involved (class and number) 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise 22. Total number of shares or debentures over which options held following notification 23. Any additional information 24. Name of contact and telephone number for queries
GRAHAM MARTIN 0208 996 1000 Name and signature of duly authorised officer of issuer responsible for making notification Date of notification
19 OCTOBER 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 18-10-09 | AFX UK Focus |
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NEW YORK, Oct 18 (Reuters) - Shares of Anadarko Petroleum Corp and Tullow Oil may be poised to rise, following significant oil discoveries in Africa, according to a report in business weekly Barron's.
(Email: Franklin.Paul@thomsonreuters.com; +1 646 223 6195; Reuters Messaging: Franklin.Paul.reuters.com@reuters.net)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 15-10-09 | AFX UK Focus |
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HOUSTON, Oct 15 (Reuters) - Anadarko Petroleum Corp said on Thursday that it had drilled an unsuccessful oil well offshore Cote d'Ivoire, news that sent its shares down more than 5 percent.
(Reporting by Anna Driver; Editing by Lisa Von Ahn) Keywords: ANADARKO/SHARES (anna.driver@thomsonreuters.com; 1 713 210 8509; Reuters Messaging: anna.driver.reuters.com@reuters.net)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 15-10-09 | AFX UK Focus |
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LONDON, Oct 15 (Reuters) - Tullow Oil PLC:
them water-bearing ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 15-10-09 | RNS |
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RNS Number : 7953A Tullow Oil PLC 15 October 2009 News Release Equatorial Atlantic drilling update 15 October 2009 - Tullow Oil plc (Tullow) announces that the Mahogany-4 appraisal well has successfully encountered 43 metres of net pay and the South Grand Lahou-1 well encountered the targeted reservoir sands on prognosis but found them water-bearing at that location. Mahogany-4 appraisal well offshore Ghana extends Jubilee field eastwards The Mahogany-4 appraisal well, located in the West Cape Three Points licence offshore Ghana, has intersected light oil columns in sandstone reservoirs. In total, 43 metres of net hydrocarbon pay have been penetrated. Mahogany-4 is the eastern-most well on the Jubilee field to date and has been drilled to evaluate its lateral extent and to explore deeper potential reservoir targets. Results of drilling, wireline logs and samples of reservoir fluid confirm that the Jubilee field extends beyond this location, which is 3.3 kilometres southeast of Mahogany-2 and 3.8 kilometres northeast of Mahogany-3. Oil bearing sands have been encountered on prognosis with 15 metres of net pay in the main Jubilee reservoirs. Below the main Jubilee reservoirs, the well has intersected 20 metres of net oil pay in a new sand, a 4 metre wet gas sand and 4 metres of net oil pay in Mahogany Deep-aged reservoirs. The potential of these underlying reservoirs will be investigated with further exploratory wells in the area. Mahogany-4 was drilled by the Atwood Hunter semi-submersible rig to a depth of 3,680 metres in a water depth of 1,079 metres. Following the conclusion of operations, the rig will move to drill the J-03 Jubilee development well. Also in the West Cape Three Points licence, approximately 5 kilometres southwest of the Mahogany-4 well, the Aban Abraham drillship has commenced drilling Mahogany Deep-2. The well will appraise the field's southern extent and a result is expected in November. Tullow has a 22.896% interest in the West Cape Three Points licence and its partners are Kosmos Energy (Operator) and Anadarko Petroleum Corporation, (30.875% each), the E.O.Group (3.5%), Sabre Oil & Gas (1.854%) and the Ghana National Petroleum Corporation (GNPC) (10% carried interest). South Grand Lahou-1 wildcat result The South Grand Lahou-1 wildcat has been drilled offshore Cte d'Ivoire in the CI-105 licence. It encountered the targeted reservoir sands on prognosis but found them water-bearing at this particular location. However, the data gained will provide valuable proprietary insights into the ongoing prioritisation of the numerous Jubilee-type prospects in the Equatorial Atlantic inventory. South Grand Lahou-1 was drilled by the Belford Dolphin drillship to a depth of 4,556 metres in a water depth of 1,876 metres. Tullow has a 22.368% interest in the CI-105 licence and its partners are Anadarko Petroleum Corporation (Operator, 50%), Thani C?D'Ivoire (12.632%) and the Societ?ationale d'Op?tions P?oli?s de C?D'Ivoire (Petroci) (5% plus a 10% carried interest). Commenting today, Angus McCoss, Exploration Director, said: "Extending the Jubilee field eastwards with the Mahogany-4 well and encountering new hydrocarbon bearing reservoirs is an excellent result and strongly supports our current interpretation of the Jubilee field resources. We look forward to drilling the two remaining wells in the current Jubilee appraisal programme by early next year to further refine our understanding of the upside potential. "The South Grand Lahou-1 wildcat follows a remarkable opening run of 10 successful exploratory wells in our Equatorial Atlantic licences. This well found the reservoirs to be water-bearing at this location but provides critical knowledge to guide the forward programme which targets a number of Jubilee-like prospects in this exciting play fairway."
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James Arnold Notes to Editors Tullow is a leading independent oil & gas, exploration and production group, quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a constituent of the FTSE 100 Index. The Group has interests in over 85 exploration and production licences across 23 countries and focuses on four core areas: Africa, Europe, South Asia and South America. In Africa, Tullow has production in Gabon, C?d'Ivoire, Mauritania, Congo (Brazzaville) and Equatorial Guinea and two large appraisal and development programmes in Ghana and Uganda. Tullow also has exploration interests in Gabon, C?d'Ivoire, Liberia, Sierra Leone, Mauritania, Senegal, Congo (DRC), Tanzania, Madagascar, Namibia and Angola. Tullow's European interests are primarily focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames area. The company also has interests offshore the Netherlands and Portugal. In South Asia, Tullow has exploration and production in Pakistan and Bangladesh. In South America, Tullow has exploration interests in Guyana, French Guiana and Suriname. For further information please refer to our website at www.tullowoil.com. This information is provided by RNS The company news service from the London Stock Exchange END
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