Tullow Oil Share Discussion Threads

[ringer12] 08/6/2011 11:12

Why do these discoveries always seem to accompany a downward movement in the TLW share price?

[eipgam] 07/6/2011 21:32

well spotted Sir,,,,



and many other sources

[niceyman1] 07/6/2011 14:32

Hess corp have stuck oil of Ghana! net pay of 490 feet over 3 intervals! Next to tullow's block?

[billytkid2] 06/6/2011 09:01

I think you can make 20% here, Merrills for example have a £20 target and the risk profile is a lot lower than the likes of RKH.

[hectorp] 06/6/2011 08:55

TLW: now too mature a largish oil company for my portfolio's profile.
Better to be holding TRP, RKH, GKP, for chances of better than 20% gains over the next year.

Just one view of course.
good luck TLW.
H.

[squintyflinty] 06/6/2011 07:53

We should see some upward movement today,in the light of this RNS.

[85gary] 06/6/2011 07:11

Spot on. Good RNS.

[eipgam] 03/6/2011 11:27

Monday then...?

[niceyman1] 02/6/2011 16:25

I sense an rns in morning! Shareprice is holding up well!

[niceyman1] 01/6/2011 14:49

Chart looks to me that we are about to break to upside! lots of news due anytime ! Some big buys{?} been going though in the last few days.

[ben chod] 01/6/2011 14:40

shareprice seems a bit stagnate this will motor when we hit 120000bop

[eipgam] 31/5/2011 20:18

Tullow Oil Plc (TLW) has agreed to buy the offshore Ghanaian interests of EO Group Ltd. for $305 million in cash and shares, increasing its stake in West Africa's biggest oil discovery in a decade. The acquisition will boost Tullow's interest in the West Cape Three Points license by 3.5 percentage points to 26.4 percent, and the Jubilee oil field by 1.75 percentage points to 36.5 percent, according to a statement issued last week.

now we (or should I say, I) know..

[ringer12] 27/5/2011 17:33

Epi....I didn't think you were...even though I confused $ and Euros and millions with Billions!
share price 1893P by Xmas would do nicely!

[nellie1973] 27/5/2011 13:21

Broker note-Investec-BUY-target 1893p

[eipgam] 27/5/2011 11:56

I wasn't taking the mick....

[ringer12] 27/5/2011 00:28

EPI. Firstly where I showed Euros should of course been US$. I assume that WCTP is only part of TLW's overall Ghana holding and that therefore the 2 billion odd Euros that I arrived at is or will be the value of TLW,s holding in WCTP but I was just making a stab in the dark.
My calculation unfortunately showed millions rather than Billions! Very easy to miss out a few decimal points in oil companies valuations!
Incidently the issue of 10,137,196 shares to cover $216m would appear to be based on a share price around 1300P at $1.64 to£1

[eipgam] 26/5/2011 19:30

I hope it is a lot more than that ringer.... considering we have handed over 305 million US dollars..... ;-)

"This acquisition will increase Tullow's interest in the West Cape Three Points licence offshore Ghana to 26.4% and increase the group's interest in the world-class Jubilee oil field, which Tullow operates, to 36.5%. Tullow will issue 10,137,196 ordinary shares to EO to satisfy approximately $216m of the consideration."

So we have bought, according to info in the header, 3.5% of WCTP (26.4-22.9) and a lump of Jubilee (but I can't see how to work that one out).

[ringer12] 26/5/2011 19:10

If EO,s Share 3.5% = 305,000.00 Euros
Then...1.0% = 87,142.85 Euros
TLW Share..26.4% = 2,300,571.00 Euros

Is that an over simplification of Tlw's
valuation in the Ghana field?
Subject to correction,of course!

[eipgam] 26/5/2011 16:43

oops, I forgot to read the last para in the report but I would assume that TLW know what the govt will say (for a change?)

[85gary] 26/5/2011 16:37

I remember we flagged the possibility a while ago eipgam and if memory is correct there was a bit of confusion in determining which field or value. Personally I'm pleased this came off for Tullow, subject to Ghana giving their blessing

[eipgam] 26/5/2011 16:11

a-ha.... So, if I recall correctly, there was a bit of controversy around this EO group recently. Nice to see that Ghana govt have given TLW the nod to take over their interests.

Is there a valuation opportunity here? EO had a very small % (was it 3 or 4) and TLW have paid $305m (c£188m) for it.

[niceyman1] 26/5/2011 14:54

Good news! We now have an even greater share of the jubilee field!

[niceyman1] 25/5/2011 15:35

I dont think there is much downside from here with news on farm-down completion any time now, plus drill updates from Uganda and ghana due anytime now. i.m.o

[85gary] 25/5/2011 15:18

Coincides with Guyana Zaedyus timing i believe.....