Tullow Oil Share Discussion Threads

[the ballcock] 10/8/2011 10:40

gone long here at 1025, getting my balls busted

[jpdm fortunemaker] 10/8/2011 08:55

Hi Ben,
It means I have gone long on a spreadbet (contract for difference) so eg 10 quid a point at 910 with current march contract showing say 1040p = 1040 - 910(price yesterday morning) =130, then 130 x 10quid a point= 1,300quid profit.
Hope that heps to explain
Best regards
JPDM

[eipgam] 09/8/2011 21:45

lucky you BC.... did you buy?

[ben chod] 09/8/2011 17:35

well I got my chartplay on this

JPDM FortuneMaker
what does and 910p upbet (march contract) mean

[ringer12] 09/8/2011 10:24

Just to add to the present dilemma it is hard to see how the Cnooc/Total deal can be sealed in the present circumstances.Also if the Oil price dropped to say 70 per Barrel would there be any profit in Uganda?

[jpdm fortunemaker] 09/8/2011 10:11

BUY time for me - in at 9 quid (stock) and 910p upbet (march contract)
JPDM

[edmondj] 09/8/2011 10:08

I certainly don't want the market to start acting sensibly!

"Kindly carry on your lunatic ways, all the more scope for profitable trading!"

[wodahsnoom] 09/8/2011 10:05

Try telling the market that though - any excuse to mark down will be taken in these conditions.

[edmondj] 09/8/2011 09:44

The case for investing in these E&P's should surely, stack up on their overall merits of E and P, than any short-term explo outcome.

[edgar222] 09/8/2011 09:42

I am an Aminex shareholder desperate for news on drilling campaigns. Tlw and aex are drilling in Tanzania when the rig is released from the current drill in Nyuni.

Is that drill even on the radar for TLW and people on this board or is it small fry ?

[wodahsnoom] 09/8/2011 09:40

You're probably right - in which case if it is a duster expect news fairly soon!!!

[exmooroil] 09/8/2011 09:37

In this market, I doubt whether a result, either way, would make any difference. If I was Tullow, I'd delay the news for a day or so........:-)

[wodahsnoom] 09/8/2011 08:43

Hate to think where we'll be if Zaeydus is a duster

[wodahsnoom] 08/8/2011 13:22

Good point Nicey - CNOOC made an approach before and if they were to pull out of UG deal it would be catastrophic for TLW.

[niceyman1] 08/8/2011 12:54

Could cnooc be tempted to bid for the company now rather then pay there uganda 33% fee ? bargain prices now for many oilies!

[ringer12] 05/8/2011 12:32

Agreed Woda. In any case the CGT payable by TLW will now seem greater on an asset which has possibly decreased by 23% in two weeks.

[wodahsnoom] 05/8/2011 09:31

The scale of the project both in complexity and cost has been known all along by Total/CNOOC. The big question is has Musevenie moving the Tax goalposts at such an early stage given them food for second thoughts?

Also I would'nt be surprised if some insider knowledge of Zaeydus result is at work when the price is down 23% in the space of a couple of weeks.Commodityy stocks of TLW's size haven't been hit that hard in this meltdown.

[ringer12] 05/8/2011 09:16

"The Elephant in the room remains"
Could this be a white elephant! Does anyone know what the share price was when the farm out to CNOC/TOTAL was agreed.If it was much higher than now could they have second thoughts before signing the agreement.It would appear that it will be years before any sizable amounts of oil come out of landlocked Uganda.Not to mention Billions of expenditure.

[comcols] 04/8/2011 20:09

Could go a lot lower yet, this world is teetering on the brink for sure !

[exmooroil] 04/8/2011 08:41

"These are a buy then...."

-----------------------------

The elephant in the room remains, with the $2.9bn Uganda farmdown still not completed.

[niceyman1] 04/8/2011 08:34

Looks like its going to be a high volume day!

[pigeon1] 04/8/2011 08:20

thanks for that appreciate it. These are a buy then....

[exmooroil] 03/8/2011 22:24

27.5% equity in a 700mmbbl (P10) prospect, cost of drilling substantially carried through farmdowns to Total and Shell.

An oil discovery anywhere near the prospective volume will not only be valuable in its own right, but it will also derisk other prospects on the Guyane Maritime block.

In addition, Tullow's proprietary insight gained from success offshore Ghana, enabling the company to identify Jubilee lookalike structures, not only along the West Africa Transform Margin (including Liberia, Sierra Leone, Cote d'Ivoire) but also on the other side of the Atlantic, offshore French Guiana (currently drilling), Guyana, and Suriname, means that success at the zaedyus well will read across to these other countries' acreages.

In other words the potential for value accretion by replicating the Ghana discoveries (Jubilee, Tweneboa, Enyenra) across the pond, is massive, in my view.

Fingers crossed, and hoping that today's meltdown in share price is not indicative of a leak of information.

[pigeon1] 03/8/2011 20:47

anyone got an idea of what the Guyana well is worth to Tullow?