Tullow Oil Share Discussion Threads

[sux_2bu] 06/3/2017 16:06

Double bottom almost created, will it hold or not.......doubt it as now under 200 ma.

Gap filling time getting closer.

[sux_2bu] 06/3/2017 15:46

gap to fill at 225p - roll on.

[technowiz] 06/3/2017 15:42

mmmmmmm under 200DMA now.

[cricklewood] 06/3/2017 07:59

Thats already being posted ?

[cpap man] 06/3/2017 07:56

T5 Oil & Gas to launch IPO in drive to build $1bn company
Exploration firm backed by industry heavy-hitters aims to list in Dublin and London, writes Gavin McLoughlin - March 5 2017 2:30 AM

Shareholders in T5 Oil & Gas have been told the company plans to float on the Irish & London Stock Exchanges in April, the Sunday Independent has learned.
The oil and gas exploration firm has hired Davy Stockbrokers and London-based boutique investment bank Hannam & Partners to advise it on the transaction, which will see it list shares on the Alternative Investment Market in London and the Enterprise Securities Market in Dublin.
The company's stated aim is to become a listed, billion-dollar company and it is backed by a number of industry heavyweights.

T5 has written to shareholders, saying it will be seeking their approval for the transaction shortly. It hopes to capitalise on the recent improvement in oil and gas industry conditions.
The London-based firm was set up by a group of Tullow Oil veterans. It is run by executive chairman Pat Plunkett, who is also the chairman of Providence Resources.

Plunkett was the chairman of Tullow Oil from 2000 to 2011, during which time the company went from a market cap of £275m to over £12bn.He was a founder of Riada Stockbrokers, which was later bought by Dutch bank ABN-AMRO.
The company declined to comment. Its website says it is "in the early stages of building a publicly-listed billion-dollar Africa and Middle East E&P company - creating long-term value for our stakeholders".

The amount of money raised - and subsequently the valuation assigned to the company - will be determined by market conditions, as will the precise timing of the company's listing.
T5 owns 90pc of an exploration block in Senegal in West Africa. Funds raised in the flotation would help with work on that asset as well as the pursuit of further acquisitions. Previously it considered a bid for Egyptian production assets owned by Petroceltic, which put itself up for sale at the end of 2015 after running out of cash.

It will be the first float in Dublin this year. The last firm to list on the Irish Stock Exchange was venture capital provider Draper Esprit, which raised €102m when it went public in June of last year.
Apart from Plunkett, other ex-Tullow figures involved in the company include exploration director Gerry Sheehan, previously an international exploration manager at Tullow.

Matthew O'Donoghue, a former director of international operations at Tullow, is on T5's board, as is former Tullow managing director for Africa Andrew Windham.

[steve73] 06/3/2017 07:53

Could today's new shares be some of the Bonds being converted? I can't recall if there are any restrictions on the conversion periods...

[cricklewood] 05/3/2017 07:42

The London-based firm was set up by a group of Tullow Oil veterans. It is run by executive chairman Pat Plunkett, who is also the chairman of Providence Resources.

Plunkett was the chairman of Tullow Oil from 2000 to 2011, during which time the company went from a market cap of £275m to over £12bn.He was a founder of Riada Stockbrokers, which was later bought by Dutch bank ABN-AMRO.

[pounddreamer] 02/3/2017 10:08

hxxp://www.aljazeera.com/video/news/2017/03/kenya-tap-oil-northwest-turkana-170302083547257.html

[sux_2bu] 28/2/2017 08:24

Maybe you need to :)

[frontdoor bull] 28/2/2017 08:21

And then u woke up!!!

[sux_2bu] 28/2/2017 08:16

240p support enroute.

[master rsi] 26/2/2017 23:36

Some they say the shares on the OIL stocks, are very volatile due to >>> (ETF) exchange-traded fund .

[master rsi] 26/2/2017 23:32

Is>>>>>>>>>>>>>>> sux_2bu - Member since: 26 Oct 2016
a newbie?

behaving like a child all said.

note - Have been thrown out before >>>>> new nickname >>>>>> repeat and rinse.... never learn

[sux_2bu] 24/2/2017 17:29

180p cometh. 220p will fail.

Tin hats at the ready ladies.

[mcsean2164] 24/2/2017 17:27

Boring repetitive unsubstantiated posts cometh.

[sux_2bu] 24/2/2017 16:01

220p cometh

[bigdazzler] 24/2/2017 15:58

You are so wrong.

Oil long term back in bull trend within next 18 months-2years oil will hit $80 within next 3 years $100+.

It's all about the cycles with oil.

Tlw highly geared with price of oil it will hit higher levels given time. Never can guarantee anything in life but this is a high conviction postion for me.

[sux_2bu] 24/2/2017 15:35

You'll never see 600p.

[bigdazzler] 24/2/2017 15:33

Just like £6 cometh, given time

[sux_2bu] 24/2/2017 15:24

220p cometh, give it time

[dealer1972] 24/2/2017 15:10

Double bottom off the 200 day MA more likely IMO .