0
Average Price* - p /therm 57.

Murdoch (P/D) (Tullow 34%)
The Murdoch D10 well, a sidetrack of the D4 well that has been shut in
since 1998, was completed at the end of December and put on production on
January 18, 2006 at a gross rate in excess of 30 mmscfd. Two
Tension Leg Platforms (TLPs) , being constructed in Korea, are nearing
completion and will be installed on the deepwater fields Okume, Ebano and
Oveng in March/April 2006.3%)
Two of the planned infill production wells , EP-7 and EP-8 are now on
production. The Ministry of Mines and Energy in
Namibia has approved the production license for the Kudu field area and the
Gas Sales Agreement negotiations are nearing completion in parallel with the
Power Purchase Agreement negotiations between Nampower and Eskom .

Uganda

Block 2 (E) (Tullow 50%)
The Mputa-1 exploration well in Uganda commenced drilling on December 22,
2005 reaching its target depth of 1,186 metres in early January 2006.

It includes about 800 million people living in varied landscapes of green forests, mountains, plains and deserts.

equatorial yoruba

6m
pounds recorded for the first six months of the year.06%)
The Costisa -1Z exploration well, located in the EPI-3 Brates block in
Romania, reached a final total depth of 4,350m on November 30, 2005. In the third quarter
2005 the C-30 production well was drilled and successfully brought on
production in December.

West Espoir Development (D) (Tullow 21. While activity in this region was limited in
2005, the initiation of production from the Chachar and Bangora projects ,
along with ongoing exploration and appraisal work in Pakistan, Bangladesh and
India have the potential to materially enhance reserves and revenue from this
core area.com/reports/c17027 ) has announced the addition
of Financial Services Regulators in the Middle East and Africa to their
offering .

africa tome

A second well will be
drilled in February on the Waraga-1 prospect.

-- Over the next three months a further eight exploration wells will be
drilled including three wells in the UK and high impact wells in Uganda
and Equatorial Guinea. Such overlift positions are valued at market
value and accordingly a charge of approximately 8.7 million pounds, inclusive of all
cash balances. The
majority of the Group's arrangements qualify for hedge accounting and will
therefore be largely reflected in the Income Statement as the related
contracts mature. Development planning is now under way. African production is
expected to reach 40,000 boepd in 2007. The
jacket and wellhead tower were successfully installed in November 2005, all
pipelines have been laid and successfully tied back and the Espoir FPSO
upgrade is complete.

Namibia

Kudu (D/A) (Tullow 90%)
Good progress has been made in relation to both the first phase of
commercialization of the Kudu gas field, offshore Namibia, via a gas-to-power
generation project and the appraisal of the significant upside potential.

Pakistan

Chachar (D) (Tullow 75%)
Following the approval by the Government of Pakistan of the development of
the Chachar field, the design of the wells and production facilities have been
finalized.

lesotho yoruba

Working interest production for 2006 is expected to average approximately
68,000 boepd, with year end production reaching 75 ,000 boepd. In addition a charge of 5.5 million pounds. Effectiveness testing has been undertaken on all the Group's
hedges and due to the variations in crude oil discounts and gas nomination
patterns there has been a degree of hedge ineffectiveness. This opportunity has
been accelerated to minimize weather downtime by drilling during the summer
months and, if successful, to benefit from 2007/08 winter gas prices. An
approved abandonment program was performed and the Romanian authorities
granted the well "abandoned with conservation" status.

2) AFRICA CORE AREA
In Africa, Tullow has production and development interests in Gabon, Cote
d'Ivoire, Congo (Brazzaville), Equatorial Guinea and Namibia. During 2005 Tullow undertook
significant development and drilling work in its producing assets, whilst
maintaining an active exploration and New Ventures effort throughout the
region.5%)
commenced drilling in early December.com/cgi-bin/prnh/20040820/RESEARCH )
This book provides a comprehensive explanation of the financial services
regulatory framework in 19 countries in the Middle East and Africa region,
provided by leading commercial law firms in the jurisdictions .

mauritania ivoire

This development work will be complemented by an exciting
exploration program that includes a number of wells in regions with very high
impact potential. This exercise consolidated existing borrowings into a single
facility, which has created a more efficient Group financing structure, has
materially reduced cash collateralization and has created significant
flexibility for future growth. During 2005 Tullow consolidated its position and influence in the
region through the acquisition of the Schooner and Ketch assets, active
participation in the 23rd licensing round and the drilling of 3 exploration
wells.

Okume Complex Development (D) (Tullow 14. Invaluable data provided for each institution include:
Scope of Regulation; Legal Basis; Financing; Key Personnel and Organizational
Structure; History; Current Regulatory Developments; Regulatory Objectives;
Activities and Implementation; Measures to Ensure Compliance; Accountability;
Complaints and Redress; Relationships with other Regulatory Bodies; Principal
Publications.

'Mother Africa' is where humans first evolved.

tromelin swaziland

The Trading Statement is in advance of the Group's Full Year Results,
which are scheduled for release on March 29, 2006.
The field redevelopment program commenced in November 2005 with the
arrival of the Ensco 101 drilling rig to drill five new wells and conduct nine
workovers on the Schooner and Ketch fields.

Romania

Costisa-1 (EPI-3) (E) (Tullow 42. Four rigs are currently in operation
with a fifth rig en route.5m of potential reservoir of which the upper 14m is hydrocarbon bearing . A well commenced drilling on the Kabetula-1 prospect in
the block on December 22, 2005 but failed to discover hydrocarbons and was
plugged and abandoned. Rafferty
Taylor Rafferty
212-889-4350

researchandmarkets.

mauritania lesotho

LONDON, Tullow Oil plc (Tullow), the independent
oil + gas exploration and production group, issues this combined Trading
Statement in respect of its financial year to December 31, 2005 and
Operational Update in respect of Production , Development and Exploration
activities during the period September 2005 to January 2006.

1) NW EUROPE CORE AREA

UK

In the UK North Sea, Tullow's principal interests are in the Southern Gas
Basin. A water injection
pilot project will be undertaken during 2006 and if successful will be
expanded to the full field.
Oil will be blended with Ceiba and exported via the Ceiba FPSO. Furthermore it contains certain forward-looking statements that are
subject to the usual risk factors and uncertainties associated with the oil +
gas exploration and production business.
(Logo: http://www.

Contributing Law Firms to this title:
Botswana , Collins Newman + Co
Egypt, Trowers + Hamlins
Gambia, Ida D Drameh + Associates
Ghana, Laryea, Laryea + Co.

equatorial somalia

-- The Mputa-1 discovery in Uganda has proved the existence of a working
petroleum system in the basin, which has significantly reduced the risk
on Tullow's prospects in this extensive region. Please call (718) 354-1112,
access code: 1702489 #. The information contained herein has not been
audited and is subject to further review. This is due to variations
in lifting schedules and because a portion of the production is delivered to
host governments under terms of Production Sharing Contracts.
In September 2005 the Group completed an $850 million refinancing
exercise. These wells have produced beyond expectation, contributing in
excess of 5,000 boepd each to the increased average field production for the
fourth quarter of 25,440 boepd.


Working interest production 2005 Average Current Production
(boepd) (boepd)
Pakistan 413 250
South Asia Total 413 250


Bangladesh

Block 9, Bangora-1 (A) (Tullow 30%)
The Bangora/Lalmai Appraisal Programme , approved in early 2005, made
significant progress during Q3/Q4 2005. A 3D seismic program over
the entire Bangora-Lalmai structure is well advanced and the two well drilling
program with two further optional wells is scheduled to commence in the second
quarter.

lesotho mauritania

Trading Statement
This trading statement is provided for the year ended December 31, 2005 in
advance of the Group 's 2005 Preliminary Results, which are scheduled for
release on March 29, 2006.9

Gas Hedges H1 06 H2 06 2007
Volume - mmscfd 81.2

* Average hedge prices are based on market prices as at January 24, 2006
and represent the current value of hedged volumes


Operational Update
This Operational Update summarizes recent key activities in the
Production (P), Development (D), Exploration (E) and Appraisal (A) assets of
Tullow Oil plc.35%) and Ketch (P/D) (Tullow 100%)
The facilities maintenance campaign implemented last year has already
significantly improved the uptime of the assets to over 95% and increased
production potential to over 50 mmscfd. This will enable future
re-entry if required. Tullow also has
exploration interests in Morocco, Mauritania, Senegal, Cameroon, Uganda ,
Equatorial Guinea, Angola and Cote d'Ivoire.
The planning of the two well appraisal program , to prove the potentially
significant upside reserves within the Kudu field, has advanced to the point
of procuring all the long lead items and contracting a rig to start drilling
in early 2007 . The processing equipment for the long
term test is in transit to Bangladesh, and the Bangora pipeline has been
installed. Tullow will retain a 32%
interest and Operatorship of the blocks. This data is complemented by a
comprehensive explanation of the financial services regulatory framework in
each country, provided by the same law firm.

hausa yoruba

The Group has interests in over 90 production and exploration licenses
in 16 countries and focuses on three core areas: NW Europe, West Africa and
South Asia . The rig will then move to the Ketch field and drill three development
wells and conduct a well optimization program on existing producing Ketch
wells.

UK Exploration (E)
The K3 exploration well (Tullow 22.
A second rig has been contracted to drill the Cygnus prospect in block 44/12
(Tullow 35%), and is scheduled to commence in the first week of February. These wells were primarily infill wells targeting the
higher productivity reservoir in the northeast and the thicker section of the
lower quality reservoir in the west.
Up to four further Gabon wells are planned for 2006, the Akoum-West
prospect (Tullow 100%) commenced on January 16 and is expected to complete in
February. The well is now
being cased and suspended for potential future re-entry. The rig will now move to the Waraga-1 location, where
drilling is expected to commence in mid-February.

Disclaimer
This announcement contains certain operational and financial information
in relation to 2005, which is subject to final review and has not been
audited. DUBLIN, Ireland, Research and Markets
(http://www. This major new publication provides detailed,
consistently presented information for nearly 200 institutions.

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Tullow is a leading independent oil and gas , exploration and production
group.Further strong production growth is expected from the
ongoing development of the Schooner and Ketch fields, the Okume Complex
and the M'Boundi , West Espoir, Bangora and Chachar fields."

CONFERENCE CALL
There will be a conference call at 09:30 (EST) today, hosted by Tom
Hickey, Chief Financial Officer of Tullow Oil plc:
For US participants please call (718) 354-1152 and request to be connected
to the Tullow Oil teleconference .

IFRS 2 - Share based payments, requires that the fair value of all share
based payments are charged through the income statement over the vesting
period of the relevant awards.

Hedging Summary

At January 24, 2006 the Group's hedge position to the end of 2007 is as
follows:


Oil Hedges H1 06 H2 06 2007
Volume - bopd 10,242 11,217 6,000
Average Price* - $/bbl 41.0 43. Each of these factors has contributed to the Group's strong production
growth in this core area enabling UK production to recently reach an all time
high of 200 mmscfd . The recent Exploration successes in
Mauritania and Uganda also provide enormous encouragement for the future of
both basins. The well has been plugged and abandoned. The
well encountered oil zones over a 221 meter interval and oil samples were
recovered from an upper interval between 965 and 975 meters. It is planned to drill two wells in the second quarter with
production scheduled to commence in the third quarter of 2006 at a rate of 20
mmscfd.

colonizers gabon

HIGHLIGHTS
Trading for 2005 was at record levels, with a strong production
performance combining with continuing favorable oil and gas pricing. The first of these wells,
Schooner-10, was spudded on November 24, 2005 and is expected to be completed
in February. The Production and Development successes in the Group's African assets
continue to contribute to strong production growth. These facilities will be installed in two phases, concluding in
September 2006. Drilling is expected to commence with a shallow water jack-up
rig and a tender assisted semi-submersible rig in late 3Q 2006.

Mauritania

Block 1 (E) (Tullow 20%)
The Faucon-1 exploration well in Block 1 offshore Mauritania was drilled
in December 2005 and reached a total depth of 4,170m, encountering a total
96.

In the early 1600's European slave traders and colonizers started moving in, and only Ethiopia and Liberia remained independent of the European powers.

cameroon yoruba

Exploration Write-Off
Tullow's accounting policy is to write-off in full, to the Income
Statement, all costs relating to pre-license costs and unsuccessful
exploration activities.

Capital Expenditure
During 2005 Tullow invested a total of 192 million pounds in development
and exploration activities.

Net Debt and Refinancing Initiatives
Net Debt at December 31, 2005 was 138. However it is
anticipated that the charge recognized in the Income Statement for the year
ended December 31, 2005 will not differ materially from the charge of 5.5%) in block 44/23b completed drilling
in September 2005, having encountered excellent quality gas bearing sands in
the targeted Lower Ketch interval.
The success of this well gives a significant boost to the exploration
potential of the adjacent blocks where numerous further prospects have been
identified, four of which will be drilled in 2006. The well was unsuccessful as the results
indicated likely compartmentalization of the structure which would make
development sub-commercial.

3) SOUTH ASIA CORE AREA
In South Asia, Tullow has production, development and exploration
interests in Pakistan, development and exploration interests in Bangladesh and
exploration interests in India.

Research and Markets: Analysis of Financial Services Regulatory Framework in Middle East and Africa

gabon deserts

Tullow Oil plc - Trading Statement and Operational Update

-- Drilling activity on the Schooner and Ketch project will be enhanced by
a second rig to drill the Schooner NW Extension prospect during Q2
2006. The profit on disposal amounts to 40.
Planned capital investment during 2006 is in the order of 280 million
pounds, of which approximately 70% will be spent on development activities in
the UK, Gabon, Congo (Brazzaville), Cote d'Ivoire, Equatorial Guinea, Pakistan
and Bangladesh with the balance focused on exploration activities. Current gross field production is 60,000
bopd, with 40 wells currently on stream. Engineering work at the export terminal was
completed at year-end to facilitate the blending and export of M'Boundi crude
with the higher quality N'Kossa blend, thus significantly improving per barrel
realizations. The further expansion of the production facilities to 90,000
bopd is in progress, with long lead items already on order. This infill drilling program maintained gross field
production in excess of 40,000 bopd throughout 2005; this infill program will
continue through 2006, with four producers and two injection wells planned.

Cote d'Ivoire

East Espoir Field (P/D) (Tullow 21.
While it is too early to determine the size or potential commerciality of
Mputa-1, the results significantly reduce the risk of the prospects mapped in
Blocks 2 and 3A. While the hydrocarbons encountered are unlikely to be
commercial on a standalone basis, the discovery of a working petroleum system
in this under-explored region provides encouragement for Tullow's regional
position in Mauritania and the adjacent St Louis block in Senegal.com
Fax: +353 1 4100 980

There are more than 2000 African languages today, including the widely-spoken Swahili, Hausa and Yoruba.

equatorial remained

Based on current estimates, Tullow's exploration
write-off for 2005 is expected to be of the order of 25 million pounds subject
to any further technical work.7 42.
Four of these prospects will be drilled in 2006, the first, to test the
Humphrey prospect in block 44/16 (Tullow 17. Three production wells and the
commencement of the first West Espoir water injection well are planned for
2006.
Both Block 10 and Block 24 are expected to yield further high impact
opportunities.

Beginning with Ghana in 1957, these colonies eventually regained their independence.

hausa cameroon

5 million pounds in
respect of the Alba and Caledonia overlift position at the time of disposal
has been made to cost of sales; an equal and opposite amount has been
recognized as part of the profit on disposal and consequently the net impact
on the income statement is zero .5 10.

Working interest production 2005 Average Current Production
(boepd) (boepd)
UK Southern North Sea (1) 22,245 33,000
UK Oil 2,168 Assets Sold
UK Total 24,413 33,000

(1) Includes condensate


Schooner (P/D) (Tullow 90.
The fourth of these prospects and up to three further exploration wells
are planned for later in 2006.

Gabon

Niungo (P/D) (Tullow 40%)
The final well in the 2005 Niungo development and appraisal program,
Niu 28, was brought on stream in December.

Angola

Block 10 (E) (Tullow 15%)
In November 2005 Tullow concluded a farm-in agreement with Sonangol P+P to
assume a 15% interest in Block 10 offshore Angola .

Africa is the second largest continent in size and population in the world.

djibouti mauritania

-- A rig has been contracted to drill two appraisal wells on Kudu, to test
the significant upside potential of this gas field, and will start
drilling in early 2007.

Production
Group working interest production for the second half of 2005 averaged
59,550 boepd, giving a 2005 average of 58,450 boepd, which is 44% ahead of the
2004 production level. At December 31, 2005 the Group 's portfolio
of derivatives had a negative mark to market value of 140.7,500 boepd. Following the success of the 2005
program an additional five infill wells and a minimum of two step-out
appraisal wells are planned for 2006. In parallel
with these technical preparations significant progress has been made on the
commercial and regulatory arrangements. The Waraga prospect is a
deeper well of 1,650 meters and has an anticipated well duration of
approximately 20 days.newscom.
The information provided for each regulatory body has been reviewed by a
leading law firm in each jurisdiction .

There were many great cultures, including the famous Egyptian and Sudanese, going back thousands of years.

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2 million Pounds Sterling
will be made to Cost of Sales.

IAS 39 - Financial Instruments , requires all derivatives to be recorded on
the balance sheet at market value. The drilling of Schooner -10 will be followed by the re-drilling
of Schooner-7, an existing but non-producing well.
A second rig, the Borgsten Dolphin, has recently been contracted to drill
the NW Schooner Extension appraisal area during Q2 2006. This well is expected to reach its target depth during February and
will be followed by a well on the K4 prospect (Tullow 22.5km step-out, was drilled in the last quarter of 2005 and the fourth and
final infill well EP-9 is currently in progress.3%)
Progress on the West Espoir development project is well advanced. Invitations to bid for the various
construction activities are expected to be issued during 2006. It is planned that installation and commissioning of the facility
will be completed in the first quarter of 2006, with first gas at an
anticipated rate of 50 mmscfd in the second quarter.

India

Block CB-ON-1 (E) (Tullow 50%)
The acquisition of approximately 1,200 km of 2D seismic commenced in
December 2005 on the high potential CB-ON-1 block in the Indian Cambay Basin.tullowoil. The analysis
includes a description of the nature of the regulatory regime; recent
regulatory developments; analysis of the regulatory bodies, their policies,
operational activity and relationships; scope of regulatory responsibilities ,
their application and legal basis; explanation of the international context;
future developments expected. It covers
organizations with regulatory responsibilities, whether primary or secondary ,
for the banking and financial services industry on both national and
international levels.researchandmarkets .

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The production
figures include 5 months production from the Alba and Caledonia fields and 7
months production from the Nkossa field (offshore Congo (Brazzaville)) prior
to their disposals and 9 months of production from Schooner and Ketch
following completion of the acquisition in late March 2005 .1 41.


Working interest production 2005 Average Current Production
(boepd) (boepd)
Congo (Brazzaville) 6,052* 6,600
Cote d'Ivoire 4,039 4,350
Equatorial Guinea 6,052 5,450
Gabon 17,480 16,800
West Africa Total 33,623 33,200

* includes 1,166 boepd in respect of disposed interests


Republic of Congo (Brazzaville)

M'Boundi Field (P/D) (Tullow 11%)
The development and infill drilling program on the M'Boundi Field
continued throughout 2005 and is ongoing, with 11 successful wells completed
since September 2005. Although the wells did not encounter
commercial hydrocarbons, they provided critical information to allow further
evaluation of the prospectivity of this largely unexplored block.
It is anticipated that acquisition and processing will be completed in the
second quarter of 2006 and that the first well will be drilled in early 2007.com

Contact: Chris Perry
Tullow Oil plc
+ 44-20-8996-1000
- or -
Brian J.

bissau swaziland

The information contained
herein has not been audited and is subject to further review.

-- Working interest production in 2006 is anticipated to average
approximately 68,000 boepd and to reach 75,000 boepd by year end. In addition, final income has been recognized in relation to
incremental consideration receivable based on reserves and performance of the
Horne and Wren fields. The first of these wells was completed in
September 2005 and C-29i is being completed at present. The
development remains on budget and on schedule for first oil by year end 2006. The results are very
encouraging as they prove the existence of a working petroleum system in the
extensive Albertine basin in which Tullow has a 50% interest throughout.

Block 24 (E) (Tullow 15%)
In January 2006 Tullow concluded a farm-in agreement with Ocean Angola
Corporation, a subsidiary of Devon Energy, to assume a 15% interest in Block
24 offshore Angola. Whilst the Group believes the
expectations reflected herein to be reasonable, the actual outcome may be
materially different owing to factors either within or beyond the Group's
control, and accordingly no reliance may be placed on the figures contained in
such forward looking statements.

sudanese gabon

Exploration and Appraisal Drilling

-- During 2005, 11 exploration wells were drilled including the recent
wells in Angola, Mauritania and Uganda of which five discovered
hydrocarbons.

-- UK exploration has been particularly successful.1 million pounds
(inclusive of 5. A concurrent campaign of
stimulation and remedial work on the existing production wells is also
ongoing.

McAdam (P/D) (Tullow 14%)
First production from the McAdam infill development well, an extension of
the CMS III project, commenced on October 13, 2005 adding incremental gross
production in excess of 50 mmscfd.5%) in block 44/23b. Drilling is expected to commence in May with first oil
scheduled for the third quarter of 2006. Tullow is also in discussion with partners in relation
to the potential drilling of the Kingfisher well in Block 3A as part of the
current program.

Kohat (E) (Tullow 40%)
Following award of the highly prospective Kohat Block in early 2005, a
seismic test line was acquired in November 2005, and the full survey is
scheduled to commence shortly. Al-Abdulla
Saudi Arabia, Baker Botts
South Africa, Bowman Gilfillan
Syria, Law Offices of Mazen Khaddour + Associates
Tanzania, FK Law Chambers
United Arab Emirates, Afridi + Angell

For more information visit
http://www.com/reports/c17027

Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets.

sudanese africa

A replay facility will be available from one hour after the conference
call until 18:00 (EST) on Tuesday, February 7.
A further breakdown of these figures is provided in the Operational Update
under each core area. Production figures remain subject to final
reconciliation and do not equate to sales volumes.5 million pounds of overlift outlined above).4m pounds.25%)
The infill drilling program continued throughout 2005 , most recently two
injection wells C-28i and C-29i were drilled to support the central and
southern field production areas. The third infill well, EP-10, a challenging
4.

Tchatamba (P/D ) (Tullow 25%)
A number of electrical submersible pump failures reduced the output from
the Tchatamba field by 22% in the second half of 2005.
The hydrocarbon fluid samples recovered from the well are currently undergoing
laboratory analysis.

For further information please refer to our website at http://www.
Israel, Herzog Fox + Neeman
Jordan, Khalifeh + Partners
Kenya, Kaplan + Stratton
Kuwait, The Law Office of Al-Essa, Al Bader and Partners
Lebanon, Etude Badri + Salim El Meouchi
Libya, MTL Law Office
Mauritius, Chambers of Sir Hamid Moollan QC
Nigeria, Aluko + Oyebode
Oman, Trowers + Hamlins
Qatar , Law Offices of Sultan M.

deserts bissau

Production and Reserve Enhancement

-- In 2005 the Group drilled 50 development wells and completed the
operated Horne and Wren development increasing average Group working
interest production to 58,450 boepd, 44% ahead of the average for 2004 .

-- Current group working interest production is approximately 66,000 boepd
with Tullow's net UK gas production contributing at an all time high of
200 mmscfd. The charge in the income statement for 2005 is
of the order of 1.7 41.5%), was spudded on January 3 ,
2006. Tullow will relinquish operatorship at the end of the
First Exploration Period. These two wells are expected
to be on production by end Q1 2006 and are expected to increase field
production by a further c.
Following completion of the Front End Engineering Design (FEED) study a
prequalification inquiry was issued for the four well subsea development and
onshore gas conditioning plant.

africa tome

Portfolio Management
The Group completed the disposal of the Alba and Caledonia offshore assets
in the UK and the offshore Congo (Brazzaville) assets in June and August 2005
respectively.

International Financial Reporting Standards (IFRS)
The Group has adopted IFRS with effect from January 1, 2004, with the
exception of IAS 39, which has been adopted effective January 1, 2005 .5 59.

Equatorial Guinea
Ceiba Field (P/D) (Tullow 14. These problems have now
largely been resolved and the field is producing approximately 30,000 bopd. A two well exploration
programme commenced in early November and concluded on December 15 with both
wells being plugged and abandoned. These overviews include:
description of the nature of the regulatory regime; recent regulatory
developments; analysis of the regulatory bodies, their policies, operational
activity and relationships; scope of regulatory responsibilities, their
application and legal basis; explanation of the international context; future
developments expected.

equatorial hausa

The K3 discovery
significantly boosts the potential of adjacent blocks where numerous
prospects have been identified of which four will be drilled as part of
the 2006 drilling campaign.

Commenting today, Aidan Heavey, Chief Executive of Tullow said:
"The strong asset performance and production growth seen in 2005 is
expected to continue with significant ongoing development projects in each of
our core areas.

Overlift position
At December 31, 2005, Tullow was in a net overlift position amounting to
an estimated 98,000 barrels.25%)
The Okume Complex comprises the Okume, Oveng , Ebano and Elon fields. The Central Processing facility and other shallow
water facilities for the Elon field are being constructed in the US Gulf
Coast.

Gabon Exploration (E)
The Tullow-operated exploration well on the Equata prospect (Tullow 47.

Blocks 17 and 18 (E) (Tullow 32%)
In December 2005, Tullow reached agreement to farm out a 60% interest in
Blocks 17 and 18, offshore Bangladesh, to Total.
Rapid growth in financial services regulation in many countries has led to
demand for high quality data about agencies and institutions involved in
national and international regulatory systems and explanation of the legal
context in which they operate.

lesotho ivoire

---

- - kjjkjk

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