Tullow says production in line
Free email from MoneyWeek
Money
Morning is the FREE daily email from MoneyWeek – a punchy round-up
of the latest investment news and profit opportunities. DON’T MISS
IT!
This genius investor does dizzying levels of research to uncover...Half Price Shares!
Tullow Oil said it has benefited from increasing oil and gas prices, while overall production in the year to date has been in line with expectations.
"With production in line with expectations, a programme of over 25 exploration wells to drill by year-end and optimism over strong oil and gas pricing continuing, the outlook for the remainder of 2008 is very positive," said the group.
(Article continues below)Advertisement
The oil and gas explorer said its business has been driven by the exceptional exploration and appraisal results in Ghana and Uganda.
Tullow's portfolio management efforts are expected to generate in excess of $550m during 2008, while net debt at 31 March was £478m.
FREE! For all our latest advice on making profitable investments, claim your 3-week FREE trial of the MoneyWeek website and magazine now.
Money Morning is the FREE daily email from MoneyWeek
– a punchy round-up of the latest investment news and profit opportunities.
DON’T MISS IT!
