Tullow Oil Share Discussion Threads

[sanks] 10/5/2012 10:52

I like Goldman..they are genuine poodaays and are doing me proud!
I thought we could only ramp towards £18..but they are doing £2 better at £20!

Lets go for it guys...bring the sheep and the rest of the lambs too.

Target £20........
Hope i'm helping
Sanks

[ringer12] 10/5/2012 10:40

AH. Just tuned in to find Tullow going from negative to positive as I watched...an unusual occurence with my shares lately! Only slightly but there's hope.

[ben chod] 10/5/2012 09:49

meanwhile GS stokesthe fire

Goldman Sachs raises Tullow Oil price target to 2020Pfrom 1683P

[edmondj] 10/5/2012 09:41

I believe it's a simple issue why/when the market "hammers" TLW.

Bear in mind, some of the drilling successes have been announced when the market generally was being trashed amid macro worries.

The market rates the most successful companies, highest of all, and it's on bad days for the market when you see the likes of Tullow and Petrofac take a dive.

Obviously oil prices are among the macro issues too.

[ben chod] 10/5/2012 09:18

what you cant be serious massive drill campaign on the back of Kenyadevelopment on Uganda first oil backendofyear Ghana on stream andyouwant to sell just becausethemarket wobbles abit

[dougdig] 10/5/2012 00:37

...and pray they dont get any more huge finds as the market seems to hammer us when we do!
Value will come out in the end, though....I hope!

[peter27] 09/5/2012 23:35

nobody says you have to do anything - the alternative is stick with what you've got and await events.

[ringer12] 09/5/2012 22:38

Epi.Thanks for that info. The question now is at present share price do we sell all or buy more? Hindsight is a wonderfull thing but foresight is even more wonderful!

[eipgam] 09/5/2012 17:50

Poss because he's only been there four months and nine days.... and he's non-exec

[ringer12] 09/5/2012 17:33

Looks like we need a few more major oil finds just to keep the share price where it is!
Having failed to anticipate a major sell off co-inciding with a major oil dicovery and not selling my shares I am slightly encouraged to hold on by the Director/ PDMR's large purchase but why hasn't he been awarded a few hundred thousand
share option at zero price like other directors?

[eipgam] 09/5/2012 16:37

Non exec chairman... even with that purch, he still has under 7000 shares. He probably felt obliged to buy some....?

[bogotatrader] 09/5/2012 16:28

Director's 5000 share purchased this morning at 1495p......

[mpclag] 09/5/2012 13:33

all those who didn't sell b4 May- Make a note in next years diary to sell out or hedge everything from May to end September

[ben chod] 09/5/2012 13:04

"Ngamia-1 10BB targeted 2,700 metres in the next four to five weeks"

Interim management statement & Annual General Meeting on 16 May 2012

[24thedough] 09/5/2012 12:54

TLW seems to be following the price of Brent crude fairly closely.

No allowances being made for its success in finding the stuff.

Its day will come. Soon I hope

[graham101] 09/5/2012 12:24

So the news was fantastic yesterday and terrible today. Crazy that the share price moves on the market rather than company fundamentals.

[bogotatrader] 09/5/2012 11:21

Risk off day.....commodity related stuff and oil stuff has been sold off....there's always the final bell at 4.30pm and then tomorrow will be another trading day.....
There is opening on the Street before that to give guidance and trends....

[sanks] 09/5/2012 11:18

There's always next time..market is full of opportunities.
Spoilt for choice really.

Hope it helps

[bogotatrader] 09/5/2012 11:11

Good trade Sanks....wish I had done the same.....

[ben chod] 09/5/2012 10:12

By the end of this year Simba Energy (CVE:SMB) will be able to attract a major farm in partner to help it explore its acreage in Kenya, according to City boutique Old Park Lane Capital.

Kenya's oil potential came into focus earlier this year as Tullow Oil made the country's first significant onshore oil discovery. And investor interest has again been buoyed as Tullow revealed more positive findings yesterday.

Tullow announced that more oil had been discovered in the Ngamia-1 exploration well. And said it now believes the well has found more than double the amount of net pay than in any other well it has drilled in East Africa.

Meanwhile further east Simba Energy continues to evaluate its earlier stage exploration asset, onshore Block 2A.

The junior explorer has already uncovered two potential targets for further exploration and a new competent person's report (CPR) will provide expert insight about the acreage.

"While we await the publication of a CPR and indications of the resource potential of Block 2A, Simba will conduct a passive seismic survey, expected to commence at the end of May," Old Park Lane analyst Barney Grey said in a note to clients.

"The company has current cash in excess of C$3.0m which puts it in a strong position to accelerate the current stage of its Kenyan exploration programme over the next six months.

"We are confident that, with positive results from the CPR and the passive seismic survey in addition to the creation of a data room, Simba will be in a position to attract a major farm in partner in order to fund a wider exploration drilling programme before the end of the year."

While Tullow's success in Kenya has excited investors the work of another UK-listed oil firm, Afren, could have even more relevance for Simba, Grey says.

At the moment Simba's Block 2A does not have any estimated reserves or resources but Grey explains that work currently underway in adjacent blocks could allow Simba to make direct inferences regarding its own block.

"There are some indicative estimates of resource potential in adjacent blocks that have direct relevance to Simba. In particular, Afren's management estimates that there could be 751 million barrels of oil equivalent of unrisked gross prospective resources on Block 1," he said.

Grey also points out that Block 2B, which is on the opposite side of Simba's licence, is estimated to contain 387 million barrels or prospective resources across 17 leads – although he says these are mainly associated with a different geology which makes it 'slightly less indicative'.

Nevertheless Grey says he believes the prospectivity of Simba's Block 2A will improve substantially over the next twelve months as its extensive seismic programme progresses.

[ben chod] 09/5/2012 10:11

By the end of this year Simba Energy (CVE:SMB) will be able to attract a major farm in partner to help it explore its acreage in Kenya, according to City boutique Old Park Lane Capital.

Kenya's oil potential came into focus earlier this year as Tullow Oil made the country's first significant onshore oil discovery. And investor interest has again been buoyed as Tullow revealed more positive findings yesterday.

Tullow announced that more oil had been discovered in the Ngamia-1 exploration well. And said it now believes the well has found more than double the amount of net pay than in any other well it has drilled in East Africa.

Meanwhile further east Simba Energy continues to evaluate its earlier stage exploration asset, onshore Block 2A.

The junior explorer has already uncovered two potential targets for further exploration and a new competent person's report (CPR) will provide expert insight about the acreage.

"While we await the publication of a CPR and indications of the resource potential of Block 2A, Simba will conduct a passive seismic survey, expected to commence at the end of May," Old Park Lane analyst Barney Grey said in a note to clients.

"The company has current cash in excess of C$3.0m which puts it in a strong position to accelerate the current stage of its Kenyan exploration programme over the next six months.

"We are confident that, with positive results from the CPR and the passive seismic survey in addition to the creation of a data room, Simba will be in a position to attract a major farm in partner in order to fund a wider exploration drilling programme before the end of the year."

While Tullow's success in Kenya has excited investors the work of another UK-listed oil firm, Afren, could have even more relevance for Simba, Grey says.

At the moment Simba's Block 2A does not have any estimated reserves or resources but Grey explains that work currently underway in adjacent blocks could allow Simba to make direct inferences regarding its own block.

"There are some indicative estimates of resource potential in adjacent blocks that have direct relevance to Simba. In particular, Afren's management estimates that there could be 751 million barrels of oil equivalent of unrisked gross prospective resources on Block 1," he said.

Grey also points out that Block 2B, which is on the opposite side of Simba's licence, is estimated to contain 387 million barrels or prospective resources across 17 leads – although he says these are mainly associated with a different geology which makes it 'slightly less indicative'.

Nevertheless Grey says he believes the prospectivity of Simba's Block 2A will improve substantially over the next twelve months as its extensive seismic programme progresses.

[elssworth] 08/5/2012 21:55

I know Bush..but i'm looking at the bigger picture..the picture that has bought me back here after i closed my doggie's last week.
I really enjoy shorting this poodee stock. In my books its worth a nob towards £14 all day long.
Infact Sheila tells me its free money on offer, and never to say no to free money. She says its not polite. Thats why i felt an obligation to re-enter her from the rear again. I will continue regardless of the false broker notes, the ones that tell you to buy so they can sell. I always do my own calculations on my panasonic scientific calc, and its spitting out £14 as an easy poodee poodaa before any loola.

Hope this helps all including some of you more astute sheepshaggers
Sanksalot