Last 672.00 GBp
Change Today +5.00 / 0.75%
Volume 1.2M
TLW On Other Exchanges
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As of 8:24 AM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

tullow oil plc (TLW) Snapshot

Open
666.50 GBp
Previous Close
667.00 GBp
Day High
673.00 GBp
Day Low
666.50 GBp
52 Week High
09/23/13 - 1,086 GBp
52 Week Low
09/18/14 - 662.50 GBp
Market Cap
6.1B
Average Volume 10 Days
2.4M
EPS TTM
-0.22 GBp
Shares Outstanding
910.4M
EX-Date
08/27/14
P/E TM
--
Dividend
13.33 GBp
Dividend Yield
1.99%
Current Stock Chart for TULLOW OIL PLC (TLW)

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tullow oil plc (TLW) Details

Tullow Oil plc, an independent oil and gas company, explores for, develops, produces, and sells hydrocarbons. The company operates through West and North Africa; South and East Africa; and Europe, South America and Asia segments. Its properties include the Jubilee field, West Cape Three Points licences, Tweneboa-Enyenra-Ntomme, Mahogany, Teak, and Akasa fields in Ghana; Lake Albert Rift Basin in Uganda; Chinguetti field in Mauritania; Tchatamba, Limande, and Etame Complex fields in Gabon; Ceiba and Okume fields in Equatorial Guinea; Espoir field Côte d’Ivoire; and various blocks in Liberia and Sierra Leone. As of December 31, 2013, the company had commercial reserves and contingent resources of 1,409 million barrels of oil equivalent. Tullow Oil plc was founded in 1985 and is headquartered in London, the United Kingdom.

2,034 Employees
Last Reported Date: 03/25/14
Founded in 1985

tullow oil plc (TLW) Top Compensated Officers

Founder, Chief Executive Officer and Director
Total Annual Compensation: 2.5M GBP
Chief Financial Officer and Executive Directo...
Total Annual Compensation: 1.5M GBP
Chief Operating Officer, General Manager of T...
Total Annual Compensation: 1.4M GBP
Company Secretary, Executive Director and Cha...
Total Annual Compensation: 1.4M GBP
Exploration Director and Executive Director
Total Annual Compensation: 1.4M GBP
Compensation as of Fiscal Year 2013.

tullow oil plc (TLW) Key Developments

Tullow Oil plc Announces Results from Exploration, Appraisal and Testing Activities Conducted in Blocks 10BB and 13T Onshore Kenya

Tullow Oil plc announced the successful results from a series of exploration, appraisal and testing activities conducted in Blocks 10BB and 13T onshore Kenya. Etom-1 exploration well: The Etom-1 well in Block 13T is the most northerly well drilled to date in the South Lokichar basin, 6.5 km north of the previous Agete-1 discovery. The well encountered approximately 10 metres of net oil pay, extending the proven oil basin significantly northwards. Based on this result the ongoing 550 sq km 3D seismic survey in the South Lokichar basin has been extended to cover a further 247sq km in this northern area, including several similar prospects which are scheduled to be drilled in 2015. The Weatherford 804 rig drilled the Etom-1 well to a final depth of 2,000 metres. The well will be suspended for use in future appraisal and development operations, following which the rig will move to drill the Kodos-1 well in September 2014 to test the first of several prospects identified in the neighbouring Kerio Basin. Amosing-2 appraisal well: The Amosing-2 well in Block 10BB is the first appraisal well on the Amosing field discovered in January 2014, and was drilled from the Amosing-1 well pad. The well was deviated 1,350 metres towards the northeast and downdip from the discovery well to calibrate the oil-water contacts of the several oil pools identified in Amosing-1. The Amosing-2 well encountered up to 30 metres net oil pay. As planned, the well was then sidetracked back to some 400 metres from the discovery well to provide additional insight into reservoir distribution in the area and for use in interference testing, planned to start later in 2014. The Amosing-2A sidetrack encountered up to 90 metres net oil pay in several oil pools. The Sakson PR5 rig drilled Amosing-2 to a final depth of 2,878 metres and the Amosing-2A sidetrack to a final depth of 2,165 metres. The rig will now be moved to explore the southern extent of the South Lokichar basin to drill the Ekosowan-1 well in September 2014, 11.9 km south east of the Amosing-1 well. Ngamia-3 appraisal well: The Ngamia-3 well in Block 10BB continued the appraisal of the Ngamia field. The well was successfully drilled 1.6 km north of the Ngamia-1 discovery well and encountered 150 metres of net oil pay in both Auwerwer and Lokone reservoirs. The well has been suspended for likely use in future interference testing, appraisal and development activities. The Marriott PR46 rig drilled Ngamia-3 to a final depth of 2,700 metres. The rig will now be moved to continue the appraisal of the Ngamia field, drilling the Ngamia-4 and Ngamia-5 wells which are planned to be used in an interference testing programme in the Ngamia field.

Tullow Oil plc Proposes Interim Dividend for the Half Year Ended June 30, 2014, Payable on October 3, 2014; Reports Unaudited Consolidated Earnings and Operating Results for the Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for the Year 2014

The board of Tullow Oil plc is proposing to maintain the interim dividend at 4.0 pence per share for the half year to June 30, 2014, (first half 2013: 4.0 pence per share). The dividend will be paid on October 3, 2014 to shareholders on the register on August 29, 2014. The company reported unaudited consolidated earnings and operating results for the six months ended June 30, 2014. For the period, the company reported sales revenue of $1,264.6 million compared to $1,347 million a year ago. Operating profit was $36.3 million compared to $499.5 million a year ago. Loss before tax from continuing operations was $28.9 million compared to profit before tax from continuing operations $486.2 million a year ago. Loss attributable to equity holders of the parent was $75.3 million compared to profit attributable to equity holders of the parent of $292.2 million a year ago. Basic and diluted loss per share was 8.3 cents compared to basic and diluted earnings per share of 32.1 cents a year ago. Net cash flow from operating activities was $564.6 million compared to $739.6 million for the same period last year. Purchase of property, plant and equipment was $531.1 million compared to $373.3 million a year ago. Purchase of intangible exploration & evaluation assets was $664.4 million compared to $473.3 million a year ago. Capital expenditure on an accruals basis amounted to $1,048 million for the first half of 2014 with 48% invested in development activities, 8% in appraisal activities and 44% in exploration activities. More than 55% of the total was invested in Ghana, Kenya and Uganda and over 90%, more than $940 million, was invested in Africa. Net debt as at June 30, 2014 was $2,802 million. For the period, the company reported production (working interest basis) of 78,400 boepd compared to 88,600 boepd a year ago. The company based on current estimates and work programmers, 2014 capital expenditure is forecast to reach $2.1 billion.

Tullow Oil plc, H1 2014 Earnings Call, Jul 30, 2014

Tullow Oil plc, H1 2014 Earnings Call, Jul 30, 2014

 

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Price/Cash Flow 11.0x
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