ANALYST VIEWS: HOW WERE TULLOW RESULTS?

first_img whatsapp Show Comments ▼ whatsapp 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. KCS-content Share More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Wednesday 9 March 2011 8:00 pm ANALYST VIEWS: HOW WERE TULLOW RESULTS? Tags: NULLlast_img

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