Tullow Oil Share Discussion Threads

[failedqs] 15/7/2011 10:38

Shares Mag this week has Tullow as a "buy" on the back of rumours of BHP Billiton being interested in launching a bid....

[liquidkid] 15/7/2011 10:30

Not able to understand half the oilers jargon used but what does this mean?
"good-quality Campanian-age water" and "good-quality Turonian-age water"
Drilling with a semi-submersible rig for H2O now?

[strollingmolby] 15/7/2011 07:53

I never like seeing 'water' mentioned in E&P company RNS'...

I suspect the oil previously expected from seismic has migrated elsewhere - hopefully Kosmos and the other co-venturers have learnt a great deal from this drill, and will have another go in time, but WDIK!

Akasa-1 explo well up next.

[paulhgreen] 15/7/2011 07:42

StrollingMolby

Hi what,s you opinion on todays RNS as i dont understand all the drill terms and the relevance of this find ie water

Thanks P G

[85gary] 15/7/2011 07:40

Oh well, never could trust The Telegraph......

[strollingmolby] 15/7/2011 07:30

BHP announce a purchase elsewhere...

BHP Billiton to buy US shale gas player Petrohawk Energy for $12bn in cash in an agreed deal.

[85gary] 14/7/2011 18:32

I'm trying eipgam.............although I appreciate some may say very trying......

made the telegraph as well so must be true! ;-)

[ringer12] 14/7/2011 17:52

Ah. The usual result when there is good news or the possibility of good news for TLW. A downward trend in the SP!

[eipgam] 14/7/2011 16:30

Fat lot of good that one did.... you'll have to find a better one, Gary!

[85gary] 14/7/2011 12:41

I love a rumour.......they certainly have a large cheque book available.................dyor etc.,



Investors may be holding their breath waiting for a fresh capital return initiative from BHP Billiton when the mining giant releases its annual results in August. However, there is talk that BHP boss Marius Kloppers may have something else up his sleeve. Kloppers has had high profile M&A failures, thanks to overzealous regulators, and The Australian Financial Review reports that he may have found another quarry to scratch the takeover itch. No surprises that the latest target is in the oil sector, with the paper saying that London-listed, Africa-focused Tullow Oil could be a target for BHP. With a market value of £11.8 billion, a move on Tullow will be on the same scale as BHP's failed tilt for Potash Corporation of Saskatchewan, and the miner's bid presumably won't go unopposed. Tullow's big lure is the exposure it provides to Africa but there is also a chance that BHP may choose to make a smaller entry into Africa – and the AFR reports that Ghana-focused Kosmos Oil, worth around $US6.7 billion, could be a good fit. Either way, Kloppers has more than enough money to play with.

[5mally] 12/7/2011 10:29

and news on Dow Jones

07-07-2011 19:16 Transocean: Rig Off Ghana Remains Stable After Taking On Water

HOUSTON -(Dow Jones)- Transocean Ltd. (RIG) said Thursday that the deep-water drilling rig off Ghana that was evacuated Wednesday after it took on water remains stable.

The company is working on unmooring the Transocean Marianas, which is anchored some 46 miles offshore, and plans to tow it to sheltered water to inspect damage, spokesman Guy Cantwell said.

It will likely be at least a week before a full damage assessment can be made, Cantwell said.

There have been no injuries and a skeleton crew remain aboard the vessel, Cantwell said. And because the rig was not drilling when it began taking on water, there is no risk of an oil spill..............
..............................................
More than 100 workers were evacuated from the Marianas on Wednesday when it was discovered to have taken on water. A semisubmersible rig, the Marianas floats on large ballast tanks, or pontoons, which are filled with water for stability during drilling and emptied to ease transport. It was built in 1976 and upgraded to drill in depths up to 7,000 feet in 1998.

The rig had been drilling for ENI S.p.A. (E, ENI.MI) and was in the process of being moved to drill an exploration well for Kosmos Energy Ltd. (KOS) and partners that include Anadarko Petroleum Corp. (APC), Tullow Oil PLC (TUWOY, TLW.LN) and Ghana's national oil company.

[5mally] 12/7/2011 10:26

some news missed last week - rig delay in Ghana /
do not think it has much to do with today's fall in price



Kosmos Energy Provides Update on Drilling Cedrela-1 Exploration Well Offshore Republic of Ghana
DALLAS, Jul 07, 2011 (BUSINESS WIRE) --

Kosmos Energy (NYSE: KOS) today provided an update on the company's drilling of the Cedrela-1 exploration well offshore the Republic of Ghana. The "Transocean Marianas" semi-submersible drilling rig, under contract to another operator in Ghana, was expected to arrive at the Cedrela-1 well location on the West Cape Three Points Block on or about July 10 to commence drilling Kosmos' Cedrela-1 well near the block's southern boundary. The rig was rendered temporarily inoperable following a reported anchor-handling incident on the Offshore Cape Three Points Block, which is east of the Kosmos-operated West Cape Three Points Block. The incident occurred while preparations were being made to move the rig from the other operator's block to the Cedrela-1 well location.


Kosmos has delivered a force majeure notice to the government of Ghana and the Ghana National Petroleum Corporation due to the delay in the rig's scheduled arrival at the Cedrela-1 well location. As a result, Kosmos has begun a search for a substitute drilling rig and intends to drill the Cedrela-1 well when either the "Transocean Marianas" or an alternative rig becomes available. The company has the necessary approvals to drill the Cedrela-1 well and anticipates that a rig will be available soon.

Kosmos is the operator of the West Cape Three Points Block in which the company holds a 30.875% interest. An affiliate of Anadarko Petroleum Corporation has a 30.875% interest; an affiliate of Tullow Oil plc has a 22.896% interest; E.O. Group Limited has a 3.5% interest; Sabre Oil & Gas Holdings Limited has a 1.854% interest; and the Ghana National Petroleum Corporation has a 10% carried interest.

[85gary] 08/7/2011 15:10

I think USA data will remain mixed for a time yet eipgam. "Disasterous" NFP and FTSE remains above 6000.....not too shabby.

I also notice above article took a view of 15-50% above 1300 and we are above that even with a 20-25p drop?

disaster or opportunity?

Have a good weekend.

[eipgam] 08/7/2011 13:58

Thanks Gary.... very reassuring. Unlike the US data which has just wiped 20p off the share price

edit 25p

[eipgam] 08/7/2011 11:05

Hi Hector... if I remember correctly you have bought well below £10 before... never again I hope... in the nicest possible way of course!

[85gary] 08/7/2011 10:46

My guess..........Announcement of completion of Uganda Farm down....opening up of French Guianawith with a successful Zaedyus result.

[hectorp] 08/7/2011 10:36

So what catalyst will get it to say 1500p this year? Ghana? Maybe 20 quid in 2012-13?
I like TLW I think its our best second line oilie.
But I also like buying at 1000p region!

[paulhgreen] 07/7/2011 16:32

I love Tullow Oil come on you beauty.

P G

[85gary] 06/7/2011 14:51

Nice slow upward trend so far on a slightly uncertain FTSE day.

[eipgam] 06/7/2011 13:54

£15.02.... been there done that! I prefer £20 but I do note Iberium are keeping the same price target but have changed to buy from hold, presumably because of recent share price weakness. I fully expect the share price to behave in the third quarter as it did in the first quarter of this year. And perhaps beyond as we did not have that stonking trading update to rely on then

[nellie1973] 06/7/2011 13:17

Broker note out-Buy target price 1502p Iberium Capital

[paulhgreen] 06/7/2011 09:58

£20.00 yum yum You should take more water with it 85gary lol

PG

[85gary] 06/7/2011 09:03

I do indeed mean £20.00, typo.