Introduction Tullow oil plc is a global company that deals in oil and gas production. In addition, it also deals with the production of these commodities. The company is based in London. On the other hand, it is listed on both the London and Irish stock exchange markets. Tullow plc was founded in 1985 to become a gas exploration business with its initial interests in Senegal (Tullow oil plc, 2010, p. 2). As a matter of fact, it was listed on the stock exchange market in 1985. Later on in 2007, the company made big strides that enabled it to enter into the FTSE100 Index. In advancing its activities, it has been involved in strategic business moves like acquisitions. For instance in 2000, it acquired BPs Gas fields to increase its potential and market positioning. This deal was concluded at £200 million (Tullow oil plc, 2010, p.4). Apart from this, the company was involved in another strategic move in 2004. With increased opportunities in sight it acquired Energy Africa for $ 570 million (Tullow oil plc, 2010, p. 5). In recent years, the company has expanded rapidly and this has been aided by its acquisition of Hardman resources. It started drilling its first well in 2006. This was done in Uganda around the Lake Albert region. In the process it was able to drill 30 wells (Tullow oil plc, 2010, p. 7). Because of this, it is one of the largest exploration and production companies in Europe. As a matter of fact, it has over 85 production and exploration licenses. In addition, it operates in more than 23 countries (Tullow oil plc, 2010, p. 9). To enhance its operations, the company has laid more focus on four regions that it seeks to advance its operations with. On the other hand, it has production from eight countries. Its major achievement is the two world class production projects it has in Uganda and Ghana (Tullow oil plc, 2010, p. 11). This is because it has been able to discover massive oil deposits in the said countries. Up to now, the company employs 900 people in all its operations worldwide (Tullow oil plc, 2010, p. 13). Discussion Fundamental analysis is a broad analysis that a company has to do. This is because it analyses its health and financial statements (Graham, 2004, p. 7). In doing this, it also looks at its competitive advantages and the management that the company has put in place. Fundamental analysis also looks at the market together with the competitors. It has some specific areas that it mainly focuses on (Graham, 2004, p. 9). This differs in relation to its applicability. It can focus on interest rates and state of the economy at that given time. In addition, it can also look at the management, production and earnings. Two basic approaches can be used to achieve this process. This includes top down and bottom up analysis (Graham, 2004, p. 15). To perform a good fundamental analysis it is necessary to use the present and historical data. The long term objective should be to make and come up with good financial estimates. There are many objectives as per to why this is done. It will help to make a good projection on the company’s business performance (Graham, 2004, p. 17). This analysis is supposed to evaluate the management with a broad objective of making good internal business decisions tha