London pre-open: Solid start expected
28th Jul 2010 07:34
Traders expect London's blue chips to open around 16 points higher Wednesday morning on another busy day for company results. Centrica is heading for more controversy over energy prices after the British Gas owner's underlying interim profits jumped 65%. Earnings in the half-year to June rose by 65
Read moreTullow Oil : Over 40 Meters Net Oil Bearing Reservoir Uganda Block 1
28th Jul 2010 07:18
LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN) Wednesday announces that the Ngiri-2 appraisal well, located in the Butiaba region of Uganda Block 1, has encountered over 40 meters of net oil bearing reservoir in two zones within an overall 131 meter gross oil bearing interval. MAIN FACTS: -The
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
27th Jul 2010 10:49
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] 0949 GMT [Dow Jones] Credit Suisse raises Tullow Oil (TLW.LN) price target to 1504p from 1449p following the announcement
Read moreMARKET TALK: Credit Suisse Raises Tullow Oil Price Target
27th Jul 2010 10:49
0949 GMT [Dow Jones] Credit Suisse raises Tullow Oil (TLW.LN) price target to 1504p from 1449p following the announcement of a significant new find offshore Ghana. The two highly-pressurized reservoir zones encountered in the Owo well contain light oil, which is higher in value than the 'gassy' oil
Read more3rd UPDATE:Heritage Completes Sale Of Uganda Blocks To Tullow
27th Jul 2010 10:45
(Adds details, background, share price) By Spencer Swartz Of DOW JONES NEWSWIRES LONDON (Dow Jones)--After months of delay, Heritage Oil PLC (HOIL.LN) said Tuesday it has completed the sale of its two Uganda oil blocks to Tullow Oil PLC (TLW.LN) for $1.45 billion and said it intends to p
Read moreTullow and Heritage complete Uganda deal
27th Jul 2010 10:36
Tullow Oil is officially the proud owner of Heritage Oil's 50% interest in Blocks 1 and 3A in Uganda after months of uncertainty. It has paid $1.35bn in cash for the assets plus an additional contractual settlement of $100m, of which Heritage has received $1.045bn. The rest is sitting in an escro
Read more2nd UPDATE:Heritage Completes Sale Of Uganda Blocks To Tullow
27th Jul 2010 09:33
(Adds details, analyst comment) By Spencer Swartz Of DOW JONES NEWSWIRES LONDON (Dow Jones)--After months of delay, Heritage Oil PLC (HOIL.LN) said Tuesday it has completed the sale of its two Uganda oil blocks to Tullow Oil PLC (TLW.LN) for $1.45 billion and said it intends to pay a spe
Read moreUPDATE: Heritage Completes Sale Of Uganda Blocks To Tullow
27th Jul 2010 08:30
(Adds detail, background.) By Spencer Swartz LONDON (Dow Jones)--After months of delay, Canada's Heritage Oil PLC (HOIL.LN) said Tuesday it has completed the sale of its two Uganda oil blocks to Tullow Oil PLC (TLW.LN) for $1.45 billion and said it intends to pay a special dividend of up t
Read moreHeritage Oil Completes Sale Of Ugandan Interests To Tullow
27th Jul 2010 07:47
LONDON (Dow Jones)--Heritage Oil PLC (HOIL.LN), an independent upstream exploration and production company, said Tuesday it has completed the disposal of its entire interests in Block 1 and Block 3A in Uganda to Tullow Oil PLC (TLW.LN). MAIN FACTS: -Tullow Uganda Ltd. has paid cash considera
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
27th Jul 2010 07:42
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0642 GMT [Dow Jones] Morgan Stanley raises Tullow Oil (TLW.LN) price target to 1550p from 1500p following the announcement of
Read moreMARKET TALK: Morgan Stanley Raises Tullow Oil Price Target
27th Jul 2010 07:42
0642 GMT [Dow Jones] Morgan Stanley raises Tullow Oil (TLW.LN) price target to 1550p from 1500p following the announcement of a significant new find offshore Ghana. Says the find should remind investors that the exploration story is far from over at Tullow. "Newsflow in the coming weeks should be su
Read moreHeritage Oil: Sold Interests In Uganda Blocks To Tullow Uganda
27th Jul 2010 07:26
DOW JONES NEWSWIRES Heritage Oil PLC (HOIL.LN) said Tuesday that it has completed the sale of its "entire interest" in Block 1 and Block 3A in Uganda to Tullow Uganda Ltd. Tullow paid cash US$1.35 billion in cash "and an additional contractual settlement amount of US$100 million, of which H
Read moreTullow Oil Plc Completion Of Acquisition
27th Jul 2010 07:00
TIDMTLW RNS Number : 9701P Tullow Oil PLC 27 July 2010 ? News Release Tullow completes the acquisition of Heritage's Ugandan assets 27 July 2010 - Tullow Oil plc ("Tullow") announces that on 26 July 2010, Tullow Uganda Limited ("Tullow Uganda"), a subsidiary of Tullow, has completed th
Read moreLondon close: US gives Footsie a lift
26th Jul 2010 16:42
Sentiment improved after the US open following a sluggish start, helping Footsie close with modest gains. A bigger than expected rise in US house sales reassured investors over the state of the world economy. Banks Lloyds, Royal Bank of Scotland and Barclays were all strongly ahead after they sail
Read moreFTSE 100 movers: Pearson leads way on earnings optimism
26th Jul 2010 15:50
Trading statements are driving the risers today with FT owner Pearson the best performer after its bullish half-year numbers and comments. Pearson said market conditions remain uncertain and growth is still expected to slow in the second half on tougher comparables, but it will achieve adjusted ea
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