Lorraine Heavey ?

I have done this site especially for Lorraine Heavey
in order to visit thishousewillexist.org

Sorry for my poor english translation.





Tullow Oil (LSE: TLW) is a British company, based in London who engaged in prospecting and exploiting oil and gas deposits. Listed on London and Dublin, it is part of the one hundred companies in the FTSE 100. Net generation attributable to the company (in proportion to its participation in concessions) is 70 000 barrels of oil equivalent / day (counting gas) and about the goal for 2007 is 80 000. Tullow is active in exploration, particularly in frontier regions.

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The company was founded in 1985 by Aidan Heavey, Ireland, as the gas exploration company Senegal1. It has been referenced for the first time at the London Stock Exchange in 19871. It has grown rapidly in recent years, including the acquisition of Hardman Resources in January 20072. In January 2009, the company conducted a capital increase of $ 565 million subscribed in one day.

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Tullow Oil operates primarily in Europe, Africa, South Asia and South America. In 2001, it bought the deposits of natural gas in the North Sea.

In late 2008, it announced successful exploratory drilling on the eastern coast of Lake Albert in western Uganda, as well as commercially exploitable holes in the Jubilee field, off the coast of Ghana. The latter could contain 1.8 billion barrels of oil. The company also plans to produce 850,000 cubic meters of natural gas from 2011. By cons, explorations off the coast of India were unsuccessful. Earlier this year, had successful drilling occurred in the Banda field, offshore Mauritania.

On May 6, 2009, it confirmed the presence of oil in the wells Nsoga-1 (Uganda), after the Buffalo-1 December 17, 2008.

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Discovery of a large oil field

Read the article on Jeuneafrique.com: Discovery of a large oil field | Jeuneafrique.com - the web of information and news on Africa

Two foreign oil companies announced that they had discovered one of the largest oil fields on the shore of Africa in Amuru District, northern Uganda.

Heritage Oil and Tullow Oil, the two companies exploring oil in western and northern Uganda, confirmed the discovery well at the Giraffe-1, which is an extension of discovery "Ox" announced last December .

The discovery combined, which could total 400 million barrels, as one of the wells on the shore the most important and largest basin of Lake Albert to date, reported the Daily Monitor.

"The large structure Buffalo-Giraffe is a world class discovery could be significantly larger than what is currently presented, opening the potential multi-billion barrels at the Block 1," said Tony Buckingham, CEO of Heritage cit ed by the daily.

Tullow and Heritage share the Block 1.

Aidan Heavey, Chief Executive of Tullow, also called the Buffalo-Giraffe "one of the largest recent discoveries of oil on the rival in Africa."

"The options for marketing and first oil production is currently underway," he added.

Before this latest discovery, Tullow officials had told local media that the oil reserves discovered to date on the Ugandan side of Lake Albert basin are estimated at one billion barrels.

Uganda is expected to produce 40. 000 barrels of oil per day, while production by Tullow should begin in the fourth quarter of this year.

Read the article on Jeuneafrique.com: Discovery of a large oil field | Jeuneafrique.com - the web of information and news on Africa

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TULLOW OIL: Tullow reaches agreement in Uganda for the sale of assets

LONDON (Dow Jones) - Tullow Oil PLC (TLW.LN) reached an agreement with the Ugandan government that it will sell part of its oil licenses in the country, Total SA (TOT) and China National Offshore Oil Company (CEO), also known as CNOOC, said on Wednesday the Dow Jones chief executive of Tullow, Aidan Heavey.

The parties are currently finalizing a Memorandum of Understanding that will allow the British group to advance the transaction, said the officer.

Aidan Heavey declined to comment on stories alleging that, as part of its agreement with the Ugandan government, Tullow had agreed to pay the tax on capital gains of $ 283 million owed by his former partner Heritage Oil PLC (HOIL.LN).

Wednesday morning at the London Stock Exchange, the title Tullow loses 2.9% to 1418 pence.

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Uganda: Tullow is optimistic about his project with Total and CNOOC

* Tullow - Progress for permission to Kampala

* Total and CNOOC may enter the exploration project, after approval

LONDON, March 9 (Reuters) - Tullow Oil (TLW.L: Quote) said Wednesday that a large oil project in Uganda to involve Total (TOTF.PA: Quote) and China's CNOOC (0883.HK: Quote) was delayed due to elections in the country but he was optimistic.

The British oil waiting since last year the Ugandan government's formal approval to start its project.

"Good progress has been made recently in order to obtain government approval and establish a solid legal and fiscal framework for the successful development of the basin," said CEO Aidan Heavey of Tullow said in a statement accompanying the publication of annual results.

Government sources and oil had said Monday that the Ugandan authorities and Tullow Oil had resolved their tax disputes, which would allow him to sell stakes in exploration projects to Total and CNOOC.

"Provided he has the guarantee that Tullow will pay what is left of taxes, the Ugandan government said it saw no objection to its proposed partnership with Total and CNOOC," were told to Department of Energy on Monday.

Tullow source told Reuters on the same day that the company was aware of the proposal and was keen to reach an agreement with the Ugandan government in the next few days.

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Oil / Uganda: Tullow will take as CNOOC partner or Total

LONDON - The head of British oil company Tullow Oil said Wednesday that if his group bought the assets of Canadian Heritage group in Uganda, it would take as a partner to help exploit the Chinese CNOOC, or the French Total.

The CEO of Tullow, Aidan Heavey, told the Dow Jones Newswires that the British group had to sell one or other of these groups half of its activities in Uganda, with the agreement of the Government Kampala, and he hoped a decision would be made in mid-February.

"Both companies like us, they are first class (...) and are excellent for development" deposits, "he said.

Mr. Heavey was convinced that the passage says the Ugandan government would not oppose that preempts Tullow's 50% of Canada's Heritage Oil group in blocks 1 and 3A, which is also eyeing the Italian ENI.

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Tullow already owns the other half of these blocks, and the exercise of its right of first refusal would lead to give the British group the 100% control of two blocks, a prospect that did not seem enchanted the Ugandan government, which must decide between Tullow and ENI. Especially since the Italian oil group had promised to invest 13 billion dollars to develop the deposits in question.

But Tullow has revived his chances in recent days, promising to Uganda to partner with foreign oil companies to share the use of two blocks, it gave him complete control.

Suddenly, the Ugandan government had said earlier in favor of a purchase of the assets of Heritage by Eni, said Tuesday it would review the offer of Tullow. He added that Tullow had mentioned among potential partners CNOOC, Total, or the U.S. Exxon Mobil.

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