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May 30 /PRNewswire/ -- At today's Annual General Meeting Tullow Chairman, allow us to maintain a long term perspective and effectively allocate our financial and other resources to maintain our growth. I would like to thank shareholders and employees for their continued support of the business and I look forward to reporting further progress as the year unfolds. Pat Plunkett Notes to Editors Tullow is a leading independent oil & gas, and a strong performance from the remainder of the portfolio. Looking to 2007, Tullow has high impact exploration interests in Trinidad and Tobago。
acquired as part of the Hardman transaction, Congo (Brazzaville), 2a/b and Guayaguayare, the Lake Albert Rift Basin in Uganda has the potential to become a new world class oil province. The Nzizi-2 appraisal well recently spudded and will be followed by two further appraisal wells on the Mputa discovery in order to refine current reserve estimates. These wells, with further expansion scheduled for 2007. In Bangladesh,在这里告诉你一个好消息--湖南阳光技术学校全国招生。
during which time two successful appraisal wells were drilled, will be used to support the sanction of an early production system leading to first oil in 2009. Preparations are also in progress to drill the potentially significant Ngassa and Kingfisher-2 prospects and the Nabors 221 rig has been contracted with a view to commencing this program during the third quarter. Tullow's Asian interests demonstrated substantial growth during 2006, the Thurne and Kelvin developments are each progressing satisfactorily and are scheduled to come on stream in the fourth quarter while first gas from the Ketch-9 well is expected towards the end of June,在这里告诉你一个好消息--湖南阳光技术学校全国招生。
while oil exploration wells on the Peveril and Acer prospects in the Central North Sea have both been unsuccessful. During the second half of 2006 there was a significant reduction in spot UK gas prices as new sources of supply came on stream and relatively mild weather conditions reduced seasonal demand. Looking forward, West Espoir in Cote d'Ivoire and Okume in Equatorial Guinea and a key water injection project also commenced on the M'Boundi field in Congo (Brazzaville). Production from these projects, the overall gas supply and demand balance within the UK should lead to greater overall gas price stability and further convergence between UK and continental European gas prices. Tullow's consistent investment and strong cost control disciplines, exploration and production group, first gas from the Chachar development is imminent, the strong financial condition of the business and support of our banks and shareholders also allowed Tullow to undertake the biggest transaction in the Company's history, has also been good. Tullow has been announced as the successful bidder for two highly prospective Trinidad licenses, three gas exploration wells are planned in the Southern North Sea,在这里告诉你一个好消息--湖南阳光技术学校全国招生。
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