City File: Tullow Oil
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Your support makes all the difference.A LOT of normally wary money is flooding into the Irish independent oil company Tullow Oil. Shares are up 4p on the week to close at 17 1/2 p, more than double the year's low. The reason is not next week's profits figures but results from a number of exciting wells being tested in Senegal, and in proven fields in Syria and Pakistan.
Even without new gushers, the shares are underpinned by assets conservatively valued at 55p a share and the cash flow from the gas for Scottish Power's new generating plant.
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