Broker 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 moreMARKET TALK: Tullow's Owo Well Is Next Big Catalyst - NCB
6th Jul 2010 08:20
0720 GMT [Dow Jones] Tullow Oil's (TLW.LN) Owo-2 well currently drilling offshore Ghana will be the next big catalyst for the company, says NCB Stockbrokers analyst Peter Hutton. "Potential from the Owo-1 prospect west of Tweneboa will make or break [Tullow's] upside guidance of 1.4 billion barrels
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
6th Jul 2010 08:20
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] 0720 GMT [Dow Jones] Tullow Oil's (TLW.LN) Owo-2 well currently drilling offshore Ghana will be the next big catalyst for
Read moreTullow Oil: Expects Govt Approval For Uganda Asset Deal Tue
6th Jul 2010 07:59
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 portion of them to Total SA (TOT) and China National Offshore Oil Company (
Read moreLondon pre-open: Gains ahead
6th Jul 2010 07:37
Investors have a number of blue chip announcements to consider following yesterday's slow start to the week. Footsie is expected to open around 20 points higher. Housebuilder Persimmon said private sale reservations have softened around the time of the new government's budget proposals, though sal
Read moreMARKET TALK: Tullow On Track In Uganda - Panmure Gordon
6th Jul 2010 07:34
0634 GMT [Dow Jones] Tullow Oil (TLW.LN) appears to be on track to close its Uganda asset deal with Heritage Oil (HOIL.LN), Total (TOT) and Cnooc (CEO), says Panmure Gordon analyst Peter Hitchens. "It appears Tullow has everything all sorted out apart from getting it all signed," he said, adding tha
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
6th Jul 2010 07:34
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] 0634 GMT [Dow Jones] Tullow Oil (TLW.LN) appears to be on track to close its Uganda asset deal with Heritage Oil (HOIL.LN), T
Read moreTullow Oil: "Very Close" To Approval Of Uganda Asset Deal
6th Jul 2010 07:08
By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN) is "very close to finalization" of its deal to purchase the Uganda assets of Heritage Oil Ltd. (HOIL.LN) and sell a portion of them on to Total SA (TOT) and China National Offshore Oil Company (CEO), Tullow Ch
Read moreTullow interim revenue nears $500m
6th Jul 2010 07:08
Tullow Oil has had a "very good" first half during which production came in on target and revenue increased about 13% to almost half a billion dollars. Group working interest production averaged 55,800 barrels of oil equivalent per day (boepd) in the first six months of the year, in line with marke
Read moreTuesday preview: Persimmon, Tullow, Punch
5th Jul 2010 16:15
As the credit crunch began to ease last year so the share prices of housebuilders bounced back strongly, but there are signs of the rally running out of steam as housing market data gets a bit spotty. Sector leader Persimmon updates the market on Tuesday with its pre-close statement, and Panmure Go
Read moreUganda President Asks ADF Rebels To End Rebellion, Return Home
4th Jul 2010 08:00
KAMPALA, Uganda (Dow Jones)--The Ugandan president has appealed to remnants of the Allied Democratic Forces, or ADF, who are have bases in lawless eastern Congo to abandon rebellion and return to the country, the president's office said in a statement late Saturday. A presidential spokeswoman sa
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