Tullow shares warning

SHARES in Tullow Oil could suffer a major reversal if the group fails to deliver oil in Uganda and other prospective locations including Kurdu and Britain.

According to a new analysis of the stock price, Tullow’s current value is relying on its ability to deliver good test results from Uganda and other areas to be drilled this year.

Carried out by Citigroup in Britain, the study says its investment analysis on the group is unchanged.