viewTullow Oil PLC

SP Angel's Sam Wahab discusses Hurricane Energy, Eco Atlantic, Tullow and Union Jack Oil

Sam Wahab, SP Angel’s oil and gas analyst talks to Proactive about the prospects for Eco (Atlantic), Tullow Oil, Hurricane Energy and Union Jack Oil.

Tullow (LON:TLW) needs to get back to explorations, which is what it does best says Wahab.

Its cashflow needs also means it has to beef up the value of assets such as Orinduik off the coast of Guyana and that is good news for partner Eco (Atlantic) Oil & Gas (LON:ECO).

Eco has been hugely oversold on the back of the discoveries so far being heavy oil, he says.

There are an estimated 4bn barrels of oil there, while the layer that contains the lighter oil has still to be drilled.

Hurricane Energy PLC (LON:HUR) has also been over-harshly punished for the drill result from Warwick West.

Lancaster has always been the key for Hurricane says Wahab and that is performing ‘exceptionally well’.

Finally, Wahab is a fan of house stock Union Jack Oil PLC (LON:UJO), which is part of the West Newton consortium.

This is one the largest onshore discoveries ever made in the UK and following a recent round of fund raises, all of the partners are funded for its development.

Quick facts: Tullow Oil PLC

Price: 32.15 GBX

Market: LSE
Market Cap: £453.61 m


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Emperor Energy moving forward with APA Group to deliver gas into the homes...

Emperor Energy Ltd's (ASX:EMP) Carl Dumbrell updates Proactive's Andrew Scott on the plans for its Judith Gas Field in the offshore Gippsland Basin, Victoria. The company's working with APA Group (ASX:APA) on a pre-feasibility study which Dumbrell says will open up access to their processing...

2 days, 5 hours ago

2 min read