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BUZZ-Tullow Oil: sharp reversal sees stock in negative territory

Reuters - UK Focus

** Tullow Oil (LSE: TLW.L - news) breaks lower as investors lock in profits on stock which had risen c.50 pct since start April (until Fri close)

** Shares (Berlin: DI6.BE - news) down c.2 pct & among worst performers on FTSE 250 , despite a solid start to the trading day (up as much as 9.3 pct) after international maritime tribunal ruled development at its TEN oil field off coast of Ghana could continue

** However, court orders that no new drilling should occur in the disputed area while legal hearings are held; this cited as a negative by market participants (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)