Additional Information
Market: LSE
Sector: Energy
EPIC: TLW
Latest Price: 1,483.00p  (1.16% Ascending)
52-week High: 1,508.00p
52-week Low: 879.50p
Market Cap: 13,419.92M
1 year chart
1 day chart
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Tullow Oil
www.tullowoil.com

Tullow Oil plc is a leading independent oil and gas, exploration and production group and is quoted on the London and Irish Stock Exchanges. The Group has interests in over 90 production and exploration licences in 22 countries and focuses on four core areas: Africa, Europe, South Asia and South America.

Pdf

Tullow Oil says Mahogany-3 well offshore Ghana finds significant oil columns

8th Jan 2009, 10:36 am Tullow Oil says Mahogany-3 well offshore Ghana finds significant oil columns

Tullow Oil PLC said the Mahogany-3 well in the West Cape Three Points licence offshore Ghana has intersected significant light oil columns in both the Jubilee field appraisal objective and a deeper exploration target. In total, 33 metres of net pay have been penetrated.


The primary objective of Mahogany-3 was to appraise the Jubilee field reservoir section away from the strong seismic amplitudes which have been the main targets to date.


Results of drilling, wireline logs and samples of reservoir fluid indicate that 16 metres of high quality stacked oil bearing sandstones have been encountered. This confirms a significant extension of the Jubilee field to the southeast.


The secondary objective of the well was to drill Mahogany Deep, an exploration target which has been identified on 3D seismic but lies at a previously untested level. In this section, the well encountered 17 metres of good quality oil bearing reservoir sandstones. This success opens up further potential in the region and is the subject of ongoing evaluation.


Following the conclusion of activities on Mahogany-3, the rig will move to the Tweneboa-1 exploration well location in the Deepwater Tano block. Drilling activities are expected to commence before the end of January.


Tullow has a 22.9 percent interest in the West Cape Three Points licence. Other partners include operator Kosmos Energy with 30.875 percent and Anadarko Petroleum with 30.875 percent.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.