Updates

Tullow Oil - Launches US$300m convertible bond

August 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Tullow noted that its working interest share of West African production averaged 51,900 gross bopd in H1 ‘16, lower than previous guidance due to previously flagged issues with its FPSO turret, which resulted in an extended shut down although new procedures enabled a restart in early May. Production has been gradually ramped up and stabilised at 90,000 bopd in June.The flagship TEN field is now 96% complete and within budget and expected to deliver first oil within the next 3-6 weeks. Overall West African production should be net 62,000-68,000 for 2016. This is below guidance but could be made up through an insurance claim.Meanwhile, in East Africa exploration has progressed well and led to an upgrade at it ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Marks & Spencer - CEO review leads to eps downgrades

Scapa - Shares briefly hit high of 295p

Tullow Oil (December 2019)

Tullow Oil - Makes fresh discovery (September 2019)

Tullow Oil (August 2019)

Tullow Oil (April 2019)

Tullow Oil (March 2019)

Tullow Oil - Exciting exploration drilling kicking off in Guyana in H2 (February 2019)

Tullow Oil - Announces new dividend program (January 2019)

Tullow Oil (September 2018)

Tullow Oil (October 2017)

Tullow Oil - Rights issue de-risks business (May 2017)

Tullow Oil (March 2017)

Tullow - TEN fields achieve first oil (October 2016)

Tullow Oil (June 2016)

Tullow Oil - Successful discoverer of massive oil fields making come back (April 2016)

Tullow Oil - Offers attractive entry point at low point in the oil cycle (December 2015)

Tullow Oil - Drilling programme has potential to trigger huge upgrades to reserves (April 2010)

Tullow Oil - Huge oil discoveries in Africa driving up shares (October 2009)

Tullow Oil - Bulging portfolio of exciting exploration prospects (September 2007)

Tullow Oil - Reaping benefits from Energy Africa (October 2004)

Tullow Oil - Bold acquisition transforms prospects (September 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X