Tullow Oil Share Discussion Threads

[ringer12] 05/11/2010 13:00

How can Tullow afford all this extra expenditure and pay my £20 dividend as well?
By the way I can confirm that the dividend has actually been paid and is not waiting for any agreement to be finalised!

[orvis] 05/11/2010 12:56

eipgam - was your comment tongue in cheek?
The article I read mentioned Murphy (an American company) and also said an unnamed Spanish company and an unnamed Irish company were close to finalising deals with the KRG.

[jojo_jo] 05/11/2010 12:54

Will the institutions punish Tullow for/if they pay Heritage's tax bill?
I think they'll need to announce some positives along side such a payment to mitigate it and avoid shareholder anger.

[niceyman1] 05/11/2010 09:04

I get the hunch that this time is it. only problem is you would have thought the volume would be higher.Everyone is no doubt weary as the government can,t be trusted!

[martinc] 05/11/2010 08:58

isn't that the seventh time they've been said to have reached an agreement in the last month or so?

[eipgam] 05/11/2010 08:57

and the 'Irish' company that was rumoured is Murphy (NYSE)

[niceyman1] 05/11/2010 08:53

Just announced on bloomberg that Tullow and government have reached an agreement ! The market needs this confirmed tullow! rns please....

[tomgorham12] 04/11/2010 19:08

Maybe they're going to start stalking him.

[eipgam] 04/11/2010 18:57

I don't think it will be TLW because a) they have stated publicly that they are looking for more opportunities in Africa and b) errm! what happened last time they were in the same country as Tony Buckingham?

[orvis] 04/11/2010 18:41

Has there been any speculation on here that the Irish oil company close to signing a contract in Kurdistan is Tullow? Seen Petroceltic suggested for this but Tullow would be in a better position to pull this off IMO.

[soupdragon55] 04/11/2010 18:30

Seems a bit calmer indeed, quite an enjoyable afternoon.

You have to love Museveni's rhetoric! I wish I was through out of a room with a billion dollars in my pocket! Lol!

""I used to hear people saying that petroleum is a curse, and I laughed. Here you don't mess with oil. If I invite you and you mess with our oil, I throw you out of the room," he said, referring to Heritage Oil who refused to pay the said tax."

[eipgam] 04/11/2010 17:24

oh good... people's nerves seem a little calmer now

[comcols] 04/11/2010 15:41

Nows the time for a bit of positive newsflow ;-) Might take this to 14 quid..

[niceyman1] 04/11/2010 09:07

I predict a pick-up in volume this pm and a rise pending rns which i believe will come before next thurs update!!!!

[jeddicat] 03/11/2010 19:24

I find it very strange that after a 48p rise yesterday, we were only down 5p ish
today, and indeed we spent most of today in the green. But I like it!!

[niceyman1] 03/11/2010 16:30

how many times have the company said they were expecting approval any time soon. I really do think that we will get an update thur/fri morning, after the head of tullow uganda last week said he wasn,t allowed to comment on situation til this week !

[soupdragon55] 03/11/2010 14:51

I think the general expectation is for Tullow to take the hit and pay the tax, since its the only way to achieve the farm out. Then they might look into what they can do with Heritage. (if anything?)

[eipgam] 03/11/2010 14:43

interesting....

as long as you don't consider us getting mugged for the tax as a doomsday scenario, then there is no doomsday scenario and we can look forward to a recovering sp, especially in light of becoming a producer and hooking up with two cos of the quality of Total and CNOOC

[sharewood] 03/11/2010 13:23

Article is dated December 1 2010??

[soupdragon55] 03/11/2010 12:21

thats what I thought, probably just one of the many inconcsistencies that constitues modern journalism.

[eipgam] 03/11/2010 11:31

I thought it was 33% with Total having 33%

[soupdragon55] 03/11/2010 10:21

"In Africa, meanwhile, CNC is in the process of acquiring 50% stakes in Tullow Oil's three blocks in the Lake Albert region in Uganda, though that deal has been held up by a tax row (which has now been resolved)."

(my bold)