23/06/2006
Initial results from Tullow Oil's Waraga-1 well in Uganda show an encouraging flow rate of 1,500 barrels a day.
Fully-listed Tullow has a half share in Waraga, which it owns jointly with the operator, AIM-quoted Hardman Resources. The flow rate has been shown in the lowest zone of Waraga and further testing will take place in this zone and the well's two other identified hydrocarbon-bearing horizons.
Tullow has gas interests in the UK southern North Sea, production and exploration activities in Gabon, Cote d'Ivoire, Congo and Equatorial Guinea and and a large gas field development and appraisal programme in Namibia. The company also has production and exploration interests in Pakistan, Bangladesh and India.
Shares in Tullow, first commended by Growth Company Investor at 72p three years ago, are 19.5p up today at 354p, where they look well supported. Hardman, with interests in Mauritania, East Timor and the Falklands, is a more volatile performer, but offers some scope for gains at 66p, up 3p today.
Growth Company Investor’s recommendations consistently perform, with average percentage rises across all tips up over 30% in the last 3 years. Subscribe today with a free 30-day no obligation trial.
Related Articles:
|
| 15/05/2008
|
| 13/05/2008
|
| 09/05/2008
|
| 08/05/2008
|
| 06/05/2008
|
People who read this article also read ...
|
| 31/08/2007
|
| 21/08/2007
|
| 14/08/2007
|
| 06/10/2006
|
| 11/07/2006
|
| LSE | £3434.92m |
469.75p
|
-7.75p
|
|
| Other company articles: |
| 30/06/2008 |
| 24/06/2008 |
| 06/05/2008 |
| 12/03/2008 |
| 03/03/2008 |
Compare Over 1100 UK Saving Accounts
Arrow1066 provides a savings tool and guide to compare over 1100 UK bank, building society & online savings accounts. Compare interest rates & see how much extra you could earn.
