Tullow Oil Share Discussion Threads

[sanks] 23/4/2012 13:18

Bye my astute trading rampster, you!
Will you come back when i collect my coins at £14?

Please let me know if i'm helping
Sanks

[phillis] 23/4/2012 12:33

bye bye Elssworth (again)

[sanks] 23/4/2012 11:21

New highs..lol!...i smell a whiff of a minjing poodee!
Happy to see this drip slowly but surely towards me exit target...this one i can wait for, it'l see me right for this year..so another 8 months wait won't matter!

Hope this maginificent financial timing helps some of the more astute ones
Sanks

[eipgam] 22/4/2012 10:11

on filter from the olden days.... but I think someone has lost his fiver a month.

[elssworth] 22/4/2012 09:24

Taking its time towards the poodee target of £14

[eipgam] 21/4/2012 11:14

Thanks.... the ticker explains why I got muxed ip. Think I'll have a look at them as well...

I reckon we may see new highs here in the next fortnight... only a guess though. Albeit made with the aid of Sanks' unique level 4 data.

[85gary] 21/4/2012 07:44

Small amount only eipgam. Very pleased with current performance and prospects.

Thanks exmooroil, correct. 100% Eagle 1 delayed a bit, but expecting a result end of month.

[exmooroil] 20/4/2012 21:27

CGX Energy (TSX:OYL)

[eipgam] 20/4/2012 18:25

85gary.... did you bother with AOI? I read that Nomura (fwiw) have set a price target of 74SEK (CAD10.80ish)... I assume the reason is expected success with Ngamia 1 and TLW. Can only find the artcile on

By the way, I can't remmeber the name of that TLW partner in Guyane. Was it CGX or something like that... how are they doing?

[bushwhacker] 20/4/2012 14:29

Was the news "disappointing"? I must have read a different news release!

Commenting today, Angus McCoss, Exploration Director, said:

"Kosrou-1 and Mercury-2 encountered significant reservoir sands which were water bearing with oil shows. The existence of thick sandstone fairways and a working hydrocarbon system, proven by every well in our exploration campaign, mean that our West African Transform Margin acreage remains highly prospective. The well data will now be integrated into our regional models to improve our chances of making a hub-class discovery with the ongoing campaign which includes the Strontium-1 well in Liberia and the Paon-1 well in Cote d'Ivoire."

[85gary] 20/4/2012 14:04

All the way down to 1,890....wow, puts it into perspective.

[ben chod] 20/4/2012 14:01

In other oil news, banking heavyweight Morgan Stanley downgraded global oil and gas explorer Tullow Oil's (LON:TLW) target price to 1,890 pence from 1,920 pence following disappointing news about two West African offshore wells yesterday.

Tullow, which has interests in 23 countries worldwide, revealed water-bearing reservoirs yesterday on its Mercury-2 exploratory appraisal well in Sierra Leone and the Kosrou-1 exploration well in Côte d'Ivoire, prompting a drop in the share price.

However, Morgan Stanley remains upbeat on the company's prospects as the areas are "highly prospective" and maintains Tullow's African assets are "undervalued" given their strategic importance.

The broker said: "Confirmation of Côte d'Ivoire's thermal maturity and the first discovery of thick high-quality reservoirs in Sierra Leone keep the play alive."

Despite reducing its target price to 1,890 pence from 1,920 pence, the broker keeps its 'overweight' stance on the company.

.

[mccracken227] 19/4/2012 20:46

Remember this sanks.....

Elsworth - 22 Jul 2006 - 00:23:51 - 1149 of 17086
I remain unconvinced and reiterate my SELL advice with a £1.40 target

Hope this helps

[eipgam] 19/4/2012 19:43

from the AOI bb

highcommissioner - 19 Apr'12 - 19:17 - 384 of 384

Looks extremely promising.



Kenya news help Tullow escape FTSE fall

By Bryce Elder

Tullow Oil outperformed a falling London market on Wednesday as hopes grew that a discovery in Kenya had the potential to eclipse its previous finds.

Tullow was looking at options to accelerate drilling onshore in Kenya with five rigs available in the short term, management told a Merrill Lynch oil and gas conference on Tuesday.

Initial results from its first well had exceeded expectations before drilling had reached target depths, the company said.

The bullish presentation led analysts to draw parallels with Tullow's Lake Albert rift basin in Uganda where 1.1bn barrels of oil have been found.

"Even at this early stage, it appears that not only is this first basin potentially the same size as the whole of Uganda but that its prospectivity is better than in Uganda, not worse as previously thought," Merrill Lynch told clients. "With six additional basins of similar size to chase after in Kenya, the opportunity set here is significant."

Tullow shares advanced 2.4 per cent to £15.18, in spite of trading ex an 8p dividend. Merrill had a £20.47 target on the stock.

[ringer12] 19/4/2012 17:20

Would have thought in that area water would be as good as oil!

[sanks] 19/4/2012 14:53

It wants to take out my £14 poodee target

[droid] 19/4/2012 12:53

Not exactly a major setback in the scheme of things.

[eipgam] 19/4/2012 12:08

TLW speak positively about it but the market's immediate reaction is slightly diferent

Commenting today, Angus McCoss, Exploration Director, said:

"Kosrou-1 and Mercury-2 encountered significant reservoir sands which were water bearing with oil shows. The existence of thick sandstone fairways and a working hydrocarbon system, proven by every well in our exploration campaign, mean that our West African Transform Margin acreage remains highly prospective. The well data will now be integrated into our regional models to improve our chances of making a hub-class discovery with the ongoing campaign which includes the Strontium-1 well in Liberia and the Paon-1 well in Cote d'Ivoire."

[eipgam] 19/4/2012 12:07

RNS just out....

[paulhgreen] 19/4/2012 08:15

Hi stefield

I dont know where they came from but i wish they would go back there.

PG

[mpclag] 19/4/2012 08:10

btw you may be shoveling poo if this continues :P

[mpclag] 19/4/2012 08:01

sanks-you really are amusing-ty

[stefield] 19/4/2012 07:28

havent looked in here for a few weeks...

where did all the idiots come from ???

[sanks] 18/4/2012 23:35

For the record i remain a shagger on TLW and am considering sanking you guys if you can loola it a little more to add to my shorts...its nice to know you are helping my cause.

Sanks in advance

[ringer12] 18/4/2012 23:31

EPI. Thanks for that info. which clarifies everything. The Advfn monitor shows the AOL share price as 4.199 and Simba as 0.145 following the normal UK pricing with no indication that these prices are obviously Cad and not pence.

Keya5000. Thanks,I must look that up as i,m tempted to buy a few.Hope I haven#t left it too late!