Tullow 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
Read moreLondon afternoon: Pick-up at Penguin boosts Pearson
26th Jul 2010 14:37
Leading shares remain mixed ahead of the deluge of big company announcements later in the week that includes oil giants BP, Shell and BG. Tullow Oil may be smaller than the aforementioned triumvirate but its shares are outperforming all of them and the rest of the Footsie constituents today after i
Read moreBEFORE THE BELL:US Stock Futures Edge Lower, Focus On Earnings
26th Jul 2010 13:12
By Polya Lesova U.S. stock futures edged lower on Monday after the strong gains posted last week, as traders focused on second-quarter earnings season now that European bank stress-test results are out of the way. S&P 500 futures dropped 3.10 points to 1,097.50 and Nasdaq 100 futures declin
Read moreLondon midday: Updates fail to move Footsie
26th Jul 2010 12:13
Footsie is still seeking direction despite a stream of company news updates that have moved share prices Banks Lloyds, Royal Bank of Scotland and Barclays are all strongly ahead after they sailed through the tests last week. BP is ahead after the oil giant confirmed it will t will hold a board me
Read moreBEFORE THE BELL:US Stock Futures Waver, Focus On Earnings
26th Jul 2010 11:09
By Polya Lesova U.S. stock futures wavered between small gains and losses on Monday, as traders focused on second-quarter earnings season now that European bank stress-test results are out of the way. S&P 500 futures edged down 1.60 points to 1,099 while Nasdaq 100 futures traded virtually
Read more2nd UPDATE: Pearson Ups 2010 Outlook After Strong First Half
26th Jul 2010 09:20
(Adds analyst comments, details) By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Pearson PLC (PSON.LN) Monday upgraded its outlook for 2010 as the publisher reported better-than-expected first-half results, underpinned by the strong performance of its education and publi
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