UK MARKET TALK ROUNDUP: SHARES GAINING

9th Jun 2010 08:14

Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0714 GMT [Dow Jones] Tullow Oil's (TLW.LN) Mahogany-5 appraisal well on Ghana's Jubilee oil field has come in as expected, says Panmure Gordon analyst Peter Hitchens. "Given that this did not exceed expectations, we believe that the P50 reserve estimate is unchanged but believe that the range between the P10 and P90 numbers will be tightened," he says. "This demonstrates Tullow has a good understanding of how the reservoir works." Gives buy rating. Shares +1.0% at 1,115p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires June 09, 2010 03:14 ET (07:14 GMT)