Tullow Oil Share Discussion Threads

[eipgam] 14/3/2012 17:08

or tomorrow....

[bushwhacker] 14/3/2012 12:05

from Investec

Tullow Oil (TLW LN, 1477p ▲ 1.6%): All about the Atlantic – Management has disclosed its results, with Revenues was up 111% y/y to $2.3 billion on the back of 35%/37% increase in production/price realisation; Operating profit further expanded by 332% y/y to $1.1 billion on declining cost; reported EPS of 72.5p (+795%). Further highlights for 2011 include – the basin-opening Zaedyus discovery offshore French Guiana; significant discoveries at Teak in Ghana along with appraisal success at Tweneboa and Enyenra. In addition, the Jobi-East-1, Gunya-1 and Mypo-3 well results made an excellent start to the next phase of exploration and appraisal in the Lake Albert Basin in Uganda. In the current year the company has lined-up high impact exploration and appraisal campaign on the West African and South American margins of the Equatorial Atlantic Basin including wells in French Guiana, Guyana, Sierra Leone, Côte d'Ivoire. The development work has started on the Jubilee field Phase 1A with the spudding of the first production well in February 2012. The company expects the first of the Phase 1A well to come on stream in late second quarter of 2012. It has also increased its Reserves Based Lending facility by $1.0 billion to $3.5 billion during 2011 and extended the term of the $650 million Revolving Corporate Facility by three years to December 2014. This provides Tullow with adequate funds to carry out exploration and development work across its assets in different regions. Overall very positive update, the company is making good progress across its blocks. We expect some strong movements today.

[colonel hathi] 14/3/2012 08:08

Tullow Oil profit soars on new field, lifts payout

[phillis] 14/3/2012 08:01

keep buying

[obmuj] 14/3/2012 08:00

Results ruined by Bloomberg just announcing share price likely to DROP as figures only in line. Typical isn't it. Great results and there is always an opposite reaction with TLW. Whatever, it wil always recover anyway.
Hope they are wrong!

[ben chod] 14/3/2012 07:51

looking good divi doubled to 0.8p this is a real growth storywe should change thetitle of thebb

[broadwood] 14/3/2012 07:47

LONDON (ShareCast) - Pre-tax profit at Africa-focused oil and gas giant Tullow Oil ( broke through the one billion dollar barrier in 2011, helped by a ramp-up in production and significantly higher commodity prices. "2011 was a very good year for Tullow. Industry leading exploration success continued with the opening of a major new basin offshore French Guiana as well as further discoveries in Africa," the firm said. Pre-tax profit for the 12 months ended December 31st surged by 499% from $179m to $1,073m on sales that jumped 111% from $1,090m to a record $2,304m. Working interest production increased by 35% during the year, from 58,100 barrels of oil equivalents per day (bopped) to 78,200, while the realised oil price was 38% higher at $108 per barrel, from $78 per barrel in 2010. Tullow said it was "another year of industry leading exploration and appraisal (E&A) performance", boasting a 74% success ratio. The strong results prompted the group to double its full-year dividend from 6p to 12p per share. Operating cash flow (before working capital) also surged, up 132% from $789m to $1,832. "Tullow now has a strong balance sheet providing
financial flexibility and a solid foundation for future growth," the group said. BC

[85gary] 14/3/2012 07:27

Not too shabby imo........or.....We've had worse days Rodney......

[broadwood] 14/3/2012 07:26

Looking as though that prediction that it will soon be a major player is coming to pass.

[togglebrush] 14/3/2012 07:15

Key highlights
-- Record revenues of $2.3 billion and operating cash flow of $1.8 billion; full year dividend up 100%.
-- Average working interest production up 35% at 78,200 boepd.
-- Another year of industry leading E&A performance; 74% success ratio in 2011.
-- Major basin-opening discovery with the Zaedyus-1 well in French Guiana.
-- Value-adding acquisitions of $737 million in the Netherlands and Ghana.
-- Tweneboa-Enyenra-Ntomme (TEN) project appraisal & development planning progressing well; Owo-1 tested at combined rate of 20,000 bopd.
-- 38 well campaign planned for 2012; Frontier exploration partnership with Shell announced in January.
-- $2.9 billion farm down to CNOOC and Total in Uganda completed on 21 February 2012.

[eipgam] 13/3/2012 17:05

if you're not keen on these anonymous links, then the article above also lives at

Nowt to do but wait for the morning now.....

[colonel hathi] 13/3/2012 09:35

Tullow Oil To Deliver Record FY Earnings, Outlook Positive For Coming Years

[dougdig] 13/3/2012 08:58

Tomorrow...

[broadwood] 12/3/2012 16:03

Full-year numbers from Tullow Oil will be watched closely as one of the success stories in the oil exploration sector. While the ever-increasing price of crude oil is likely to impact positively, Tullow has the potential to impress. Given its growing presence in Africa, its results could elevate its position as a major player.

[eipgam] 10/3/2012 17:02

Zak Mir, the chartist on ADVFN and elsewhere is suggesting that we will be back above 1600 'well before the end of the month'.

I wonder if chartists bother to check if news is due before making their predictions.

Anyway, if you're interested:

[eipgam] 10/3/2012 14:07

From the above article they are suggesting that the total divi for this year (interim in Aug11 and final in March12) will total 10p. That will equate to barely any yield growth... with cash starting to come in significant amounts now (Ghana), perhaps we will see decent divi growth next year?

I'm expecting the results to give a boost to the share price (for a change).

[ben chod] 08/3/2012 16:11

ah yes thatold chestnut again

Vague bid speculation around Bowleven was also being revived, with blue-chip driller Tullow Oil (26p higher at 1471.5p) once again the name in the frame.

Although traders dismissed the chatter - "Oh God, bored of it" was the weary reaction of one - the AIM-listed explorer jumped 16p, or 18%, to 100.38p. Punters should surely be cautious though, given that the shares plummeted nearly 25% in just one session last month after Dragon Oil said it was no longer interested in making a bid.

[85gary] 08/3/2012 16:09

That article may be Ben, but rumour is in the press again today? Whether any truth in it remains to be seen.

[ben chod] 08/3/2012 16:06

isnt thatold news

[saturn5] 08/3/2012 15:46

Rumour is that Tullow will mop up Bowleven

[ben chod] 05/3/2012 09:47

Tullow Oil Jefferies flashnote. February 21.2012