Secondary Recommendation

Tullow Oil - Bulging portfolio of exciting exploration prospects

September 2007

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.

Very large oil & gas discoveries have been hard to come by recently, but back in July shares in Tullow Oil (FT sector: Oil & Gas) soared on the announcement of a major oil discovery in Ghana with early estimates pointing to reserves of between 300m-600m barrels of oil. This discovery crowns what has been a remarkable few years for Tullow, which has been transformed from a poorly resourced minnow to a company knocking on the door of the FTSE-100. Founded in 1985, Tullow has come a long way from its origins as a small, buccaneering explorer narrowly focused in Pakistan and pockets of Africa. Back in 2000 it could only manage a profit of £0.8m but inspired by the drive of founder and chief executive Aidan Heavey, Tullo ...

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Tullow - TEN fields achieve first oil (October 2016)

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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 - 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.

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