UPDATE:Heritage To Pay 30% Of Tax On Tullow Deal Now-Uganda Min
6th Jul 2010 15:56
(Adds comments from permanent secretary.) By Nicholas Bariyo and James Herron Of DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)--Heritage Oil Ltd. (HOIL.LN) has agreed to pay up front 30% of the disputed $404 million capital gains tax bill on the sale of its Uganda assets to Tullow Oil
Read more2nd UPDATE: Uganda Govt OKs Heritage Oil Asset Sale To Tullow
6th Jul 2010 15:18
(Adds Uganda Energy Minister comment) By Nicholas Bariyo and James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in Heritage Oil Ltd. (HOIL.LN) rose sharply Tuesday as the Ugandan government gave its long-delayed approval to the sale of its Uganda assets to Tullow Oil PLC (TLW
Read moreHeritage To Pay 30% Of $404M Tax On Tullow Deal Now-Uganda Min
6th Jul 2010 14:42
By Nicholas Bariyo and James Herron Of DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)--Heritage Oil Ltd. (HOIL.LN) has agreed to pay upfront 30% of the disputed $404 million capital gains tax bill on the sale of its Uganda assets to Tullow Oil PLC (TLW.LN), Ugandan Energy and Minerals Minis
Read moreUPDATE: Uganda Govt OKs Heritage Oil Asset Sale To Tullow
6th Jul 2010 14:19
(Adds share price move, background.) By Nicholas Bariyo and James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Uganda's government has approved Heritage Oil Ltd.'s (HOIL.LN) sale of its Uganda assets to Tullow Oil PLC (TLW.LN) and the entrance of Total SA (TOT) and China National
Read moreLondon afternoon: Rally continues
6th Jul 2010 14:03
London stocks made further headway over the lunchtime session, with banks and miners still leading the way. Antofagasta, Kazakhmys, Xstrata, Vedanta and Rio Tinto are the stand out performers in the mining sector, as commodity stocks come back into fashion after their recent buffeting, though gold
Read moreUganda Govt: Approves Heritage Oil Asset Sale To Tullow
6th Jul 2010 13:55
LONDON (Dow Jones)--Uganda's government has approved Heritage Oil Ltd.'s (HOIL.LN) sale of its Uganda assets to Tullow Oil PLC (TLW.LN) and the entrance of Total SA (TOT) and China National Offshore Oil Company (CEO) into a partnership with Tullow to develop oil discoveries, officials at Tullow and
Read moreLondon midday: Equities advance on broad front
6th Jul 2010 12:14
Footsie ended the morning sporting a triple digit gain with just a couple of index constituents failing to participate in the advance. Banks and miners are vying to drive the market higher with miners winning through weight of numbers. Antofagasta, Kazakhmys, Xstrata, ENRC and Rio Tinto are the s
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
6th Jul 2010 12:12
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] 1112 GMT [Dow Jones] Tullow Oil's (TLW.LN) update shows the company has had a very successful 1H, with 73% drilling succes
Read moreMARKET TALK: Tullow 1H Very Successful - Charles Stanley
6th Jul 2010 12:12
1112 GMT [Dow Jones] Tullow Oil's (TLW.LN) update shows the company has had a very successful 1H, with 73% drilling success, says Charles Stanley. Also notes some exciting prospects for 2H, in particular Owo-1 in Ghana. Says '10 will be a landmark year for the group as its Jubilee field comes on str
Read more3rd UPDATE:Heritage Up 6% As Tullow Expects OK For Uganda Deal
6th Jul 2010 11:26
(Adds analyst comment.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in Heritage Oil Ltd. (HOIL.LN) rose 6% after Tullow Oil PLC (TLW.LN) said it believes it will receive approval from the Ugandan government Tuesday to purchase Heritage's Lake Albert oil licenses for
Read moreBroker tips: Oil explorers, Anite, Interserve
6th Jul 2010 10:58
Nomura Securities says oil explorers and producers have been flavour of the month in July, buoyed by a prospective bid for Dana Petroleum and the exploration success in the UK North Sea by Premier Oil. "The [explorers & producers] group is drilling for prospects that could be worth up to 100% of c
Read moreBroker snap: Oil explorers in vogue, says Nomura
6th Jul 2010 10:50
Nomura Securities says oil explorers and producers have been flavour of the month in July, buoyed by a prospective bid for Dana Petroleum and the exploration success in the UK North Sea by Premier Oil. "The [explorers & producers] group is discounting around US$64/bbl in our base case NAVs [net as
Read more2nd UPDATE: Heritage +6% As Tullow Expects OK For Uganda Deal
6th Jul 2010 10:00
(Adds share price moves, comment from Ugandan official.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in Heritage Oil Ltd. (HOIL.LN) rose almost 6% after Tullow Oil PLC (TLW.LN) said it believes it will receive approval from the Ugandan government Tuesday to purchase
Read moreUPDATE: Tullow Oil Expects Govt Approval For Uganda Deal Tuesday
6th Jul 2010 08:59
(Adds analyst comment.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN) believes it will receive notification from the Ugandan government Tuesday that it has approval to purchase the Lake Albert oil licenses of Heritage Oil Ltd. (HOIL.LN) and sell on a
Read moreLondon open: Miners race away
6th Jul 2010 08:54
Miners and oil groups have sent Footsie racing ahead this morning. BP is again leading the way. It has denied looking to raise new money from sovereign wealth funds, but is just highlighting its strengths to potential investors. Tullow Oil has had a "very good" first half during which production
Read more