Tullow Oil Share Discussion Threads

[85gary] 01/7/2011 12:56

Share centre has a buy at today's price.

Tuesday trading statement due I believe.

A little early for Zaedyus, so what big find is being referred to?

- Tullow Oil has come off the boil as the oil price has come down from its high. The share price was around the heady 1400p mark earlier this year but has since fallen and after placing shares on the Ghanaian market it has fallen further. Despite the political turmoil in Tullow Oil's main geographical regions, the company has a knack of making things right. We hope this trading update soothes any concerns investors have and reports a big find is close at hand. We currently list Tullow Oil as a BUY

[tomgorham12] 30/6/2011 09:44

25 years of Tullow:

And Tullow 'People Diaries' just launched on the Tullow website:

[ringer12] 28/6/2011 16:55

About time we had had some good news that might actually cause an uplift in the share price for a change!.

[xxnjr1] 27/6/2011 00:27

Really? You may have some points about overall market weakness/oil price..... But, the only reason Jubilee is late to plateau is because the completion rig has been diverted to exploration work on WCTP ( too many prospects waiting to be drilled before license expiry.). Tweneboa? Says who? Management problems? Ditto?

[silversnout] 26/6/2011 21:05

I think Tullow is heading lower.
Markets are nervous.
Oil price is under pressure.
Tullow is having problems concluding a deal in Uganda.
Tullow is having problems in Ghana (Jubilee production problems and Tweneboe subsurface problems.
Rumours of senior management issues.
I expect to see the share down to £11 before too long.
OK I agree there is upside potention but not just yet.

[adda] 23/6/2011 08:17

When are TLW's expected to receive the consideration from Total/CNOC ?? I havent read anything re this and any poss delays??

[niceyman1] 22/6/2011 20:43

Once tullow receive there $2.9 billion from total\Cnooc then we will see a considerable rise in the share price! The ugandan sale has been going on for nearly two years now and tullow having paid a large chunk of taxes due are pretty exposed at moment. Investors are weary that cnooc\total could pull out , they could in theory lose heritage tax cash ,add in museservi and his constant changing goalposts tactics then its not surprising that the shareprice hasn,t moved as much as expected!

[85gary] 22/6/2011 16:20

only thing I can think of adda is some play on the Ghana share offer take up to 4th July? I can't see anything negative in recent news reports.

Jeffries note is a good enough summary of potential. I also note recent articles suggest revenue expected to double this year, recent albetine rift wells should have significant upside from 1b - 2.5b barrels based on last two well results, which I assume Jeffries assume included as no mention?

[adda] 22/6/2011 15:33

I'm surprised this hasnt had a bounce. Anyone know of any reason?? A lot of drilling coming up soon and potential upside to reserves.....strange one BG & RDSB both have come off the bottom storngly but not TLW. I cant believe the Ugandan stuff is holding it back.......

[leeson31] 21/6/2011 16:51

nice £20 Sp target there gary from Jeffries.

i think the share price now may initially get back to the EMA50...

[85gary] 21/6/2011 16:29

Jefferies £20 target price is not too shabby.



Tullow Oil plc (LON:TLW) remains a firm buy at the investment bank Jefferies.

Analysts there have reiterated their target share price of 2000 (£20) saying that Tullow continues to offer material exploration upside across five emerging regions.

These regions include French Guiana, Guyana, Liberia, Mauritania and Kenya.

The analyst note from Jefferies does concentrate on Ghana though:

"Core Ghana region continues to offer upside, with near term catalysts including Makore-1, Dahoma up dip and Tweneboa DST.

"Tullow Oil's near pure play partner in Ghana. The Kosmos Energy IPO process has provided us deeper insights into the prized Ghanian assets TLW shares with KOS based on a new, more comprehensive NAV model, NSAI independent expert resource assessments, and our own re-evaluation of the risk - rewards in the Basin. Near term value catalysts include Makore-1, Dahoma up dip and results from the Tweneboa drill stem test (DST)."

Meanwhile Cretaceous tests could throw Mauritania back on the big oil map.

"We continue to look forward to a targeted test of the Cretaceous and western extreme of the 'Mauri – Tano' trend, by 1H 2012 but risk of slippage with no rig currently contracted is high. Potential of a material number of follow on prospects if successful," say Jefferies.

[ben chod] 21/6/2011 16:13

historically we tend to see the share price drift down around thistimeof the year

[mpclag] 21/6/2011 07:29

the european debt crisis!

[dougdig] 20/6/2011 14:13

Cannot understand the share price drifting down - I'm wondering what have I missed?

[85gary] 16/6/2011 17:55

Not sure if I'm reading article correctly, but Repsol about to spud Georgetown block Guyane, rather than the Total Shell French Guyane block already spudded?

I thought Tullow has high hopes for this area, similar to Ghana?

[ben chod] 16/6/2011 17:04

heading back to a 6month level

[ben chod] 14/6/2011 17:38

chart lines are converging perhapswe are set for a upwardtrend

[ben chod] 09/6/2011 20:07

expected this to be higher given volatility of crudepricestoday

[ben chod] 09/6/2011 20:00

Daily output from the Jubilee oil field is expected to climb to 120,000 barrels per day by July from 70,000 barrels.....



Uganda To Fast-Track Oil Refinery, Eyes 100,000 B/D

[krutt] 08/6/2011 14:52

great bargain under £13. sell over £14 - easy money!

[phillis] 08/6/2011 13:02

me too H - ever since 240p
I am a buyer after selling pre tax year end

[hectorp] 08/6/2011 11:58

The share price appears in a long parabola heading back to the December 10 price ( 1150/1200 maybe) so close watch in case I am able to return, of course a break upwards from here would make that observation not useful. I'm not for paying 1300p, But I have always had a soft spot for TLW.