ANALYST VIEWS: WHAT DO TODAY’S RESULTS MEAN FOR TULLOW?

 
Marion Dakers
JONATHAN JACKSON | KILLIK

The interim results from Tullow were in line with expectations. However, the commentary on Uganda is less positive. While today’s news is frustrating, we believe the potential upside from the region remains intact.

IVOR PETHER | ROYAL LONDON ASSET MANAGEMENT

There isn’t an awful lot to say about the results, but there is a lot of disappointment with the delays in Uganda. It’s an expensive place to drill anyway, given the distance from the pipeline to a export point, without this.

JOB LANGBROEK | DAVY

While not directly Tullow's problem, the group cannot complete its intention to farm down to CNOOC and Total until the dispute is resolved. This is unfortunate as it will overshadow what is otherwise a strong performance.