Tullow Oil Share Discussion Threads

[ringer12] 02/9/2011 22:33

If arbitration took a year or more wouldn't lawyers fees almost equal the amount in dispute.? At least the lawyers can't loose!

[eipgam] 02/9/2011 18:27

Phillis... I too was involved in arbitration that took over a year, but i kinda think that considering the players and what is at stake, a judgement may be made a tad quicker in this case.

I'm with you on the £18 though.

[phillis] 02/9/2011 17:57

£18 please

[pigeon1] 02/9/2011 16:22

hmm very strong today against the mkt - wonder what is going on.....

COME ON TULLOW

[phillis] 02/9/2011 16:00

epi
one I was directly involved in took nearly years!

[85gary] 02/9/2011 13:26

That bid rumour (don't forget to sort the capital gains tax this time) and good well result at Zaedyus just does not go away.....but there again with a share price at 1108 we could do with some good news.



September promises to be a huge month for Tullow Oil. Shares of the London-based oil and gas producer gushed 34p to 1109p on expectations that a re-rating of the stock should follow upbeat drilling results from its high impact Zaedyus and Montserrado wells in French Guiana and Africa respectively.

The London-based group's coffers will also be swelled to the tune of around £1.8billion soon following the long-awaited completion of the sale to China's CNOOC and France's Total of its Ugandan operations.

Irish stockbroker Davy is confident that Tullow's shares have only one way to go, and that's north. It values the group at 1519p a share with commercial and underdeveloped reserves making up 971p of this amount.
Enlarge Market report


Yesterday's gain was accompanied by vague gossip that CNOOC, or China National Offshore Oil Corporation, the third largest national oil company in the People's Republic of China, could be lining up a £13.6bn or £15 a share cash bid for Tullow and has hired giant US securities firm Goldman Sachs to advise on the deal.

Tullow last month reported better-than-expected interim results showing revenues up 119 per cent to £1.06billion, driven by production growth of 35pc and strong commodity prices.

Read more:

[looky] 01/9/2011 23:00

Uncrossing trade. More likely someone knows something about the current drilling campaigns

[muckshifter] 01/9/2011 19:34

Depends how well defined the issues are, and how many of them are to be the subject of the arbitration. I would be surprised to see a result in less than three months, but you never know, as an arbitration can end abruptly if one side realises they have lost.
Regards.

[eipgam] 01/9/2011 18:28

hi phillis.... from experience or do you know for certain?

[phillis] 01/9/2011 18:21

arbitration will take a year (or more)

[ringer12] 01/9/2011 17:50

I don't believe it! Best performing oil share to-day. I take it that somebody believes the arbitration will be favourable to Tullow.

[eipgam] 01/9/2011 16:29

Hi Nicey.... is the arbitration hearing to be next week?

[niceyman1] 01/9/2011 15:58

Well played aiden great news! volume picking up . Resolution next week of tax issue then completion?

[eipgam] 01/9/2011 13:36

I suppose this is good news.....


Uganda's Tax Appeals Tribunal has suspended a hearing of the tax dispute between the government and London-listed Heritage Oil PLC (HOIL.LN) in Kampala to allow the parties to proceed with the ongoing arbitration in London, Ugandan officials said Thursday.

[mpclag] 01/9/2011 07:18

well thats the easiest money I ever made!

[eipgam] 31/8/2011 20:40

big buy? isn't that the UT?

you're right about bargain prices....

[niceyman1] 31/8/2011 20:28

add to that the big buy at the close! stock up now at these bargain prices!

[eipgam] 31/8/2011 19:17

nicey... I make it half a mill?

61,834,177 - 61,334,177

or roughly £5 millions worth

[niceyman1] 31/8/2011 13:26

Low volume at moment,but hopefully with drilling results + completion of farm-in due very soon we should see renewed interest and volumes picking up!

[niceyman1] 31/8/2011 13:20

holding rns . increased by 400,000?

[phillis] 31/8/2011 13:18

where holdings?

[niceyman1] 31/8/2011 12:30

Looks like the pru have increased there holdings?

[niceyman1] 29/8/2011 22:18

Should see a decent mark up tomorrow!

[boobly] 27/8/2011 01:26

Don`t worry plenty of time to get a stake , especially if the predicted double dip crash sends the market ito free fall : 4500 LSE , 9500 Dow ?

But , when the tide comes back in ......this will surely be a winner .