Tullow Oil Share Discussion Threads

[85gary] 09/9/2011 07:07

New hydrocarbon play. RNS. All good.

[85gary] 08/9/2011 16:59

I knew I'd seen 5am somewhere....



For what it is worth proactive seem to take a no nonsense, practical approach to the operator transfer.

The re-organisation was described as a "logical and practical move" because Aminex already operates a well in Tanzania, where Tullow doesn't.

Therefore there will be operating efficiencies with Aminex in charge of the drilling programme.

[eipgam] 08/9/2011 16:33

no prob... but divvent spill ma pint, or aal dunsh ya

[85gary] 08/9/2011 16:26

All in good humour...

[eipgam] 08/9/2011 16:25

ps... I'll disregard your 5am rumour then????

[85gary] 08/9/2011 16:09

One of the quality rags......

[eipgam] 08/9/2011 16:05

85Gary.... missed that rumour, which paper was that?

[eipgam] 08/9/2011 16:03

Excuse my levity brought on by rising prices. I have seen chartists such as jamesiebaby often point to a chart feature that looks like a 'W' as a pointer to a rising share price ie share price will rise in the same fashion as it descended.... and a double bottom (as in a W)is part of that feature.

Some swear by charting, some see it as self fulfilling mumbo jumbo.

[85gary] 08/9/2011 15:59

similar to being in the Chinese with the chairman at 5 in the morning if the papers are to be believed.....;-)

[mccracken227] 08/9/2011 15:56

eipgam, excuse the ignorance but what does that mean?
tia

[eipgam] 08/9/2011 15:50

I'm definitely not a chartist... but if I was, I would be saying that looks mighty like a double bottom on the TLW chart

[edgar222] 08/9/2011 15:31

As an AEX holder I am hoping this is just Tullow prioritising and not a Judgment call about the prospects of the drill in Tanzania.

TLW got bigger fish to fry than a 200m barrel oil search. BUT if the drill proves a new oil province in East Africa that is a different story. Lots of speculation ont he AEX thread that if oil is proved TLW will just buy Aminex for its spare change !

[85gary] 08/9/2011 12:55

I followed the discussion on Aminex board, but I wonder if it is because Tullow have better prospects elsewhere, expecting gas, or if it was at Aminex request as they want control...using their rig after Nyuni and "happier than Tullow" if it is gas. Maybe they know Nyuni result and happy to accept more risk now?

Solo being penalised, Aminex up a bit?

I assume beneficial for Tullow as they will have better interests, maybe even results by now ;-) elsewhere?

[eipgam] 08/9/2011 12:42

from SOLO

Tanzania Update

[mccracken227] 08/9/2011 12:17

good positive info 85Gary. thanks

[muckshifter] 08/9/2011 09:33

Could be, or might be because of completely different things. Tullow are due big news on three fronts, and I think Hoil may have benefited from the Vallares / Gemel deal, and in particular the presentation they made yesterday, at which Tony and Mehmet were both predicting that: the issue of license validity in Kurdistan would be settled sensibly before too long : that there would soon be considerable "consolidation" in Kurdistan: and that they expected to be participating in that, amongst other positive things (and of course they own part of Miran already).
Regards.

[niceyman1] 08/9/2011 09:15

Heritage rising as well . Got to be linked to a possible settlement of capital gains tax?

[wodahsnoom] 08/9/2011 08:38

Big volumes - something brewing?

[eipgam] 07/9/2011 22:41

my broker said I was mad when I bought at 90p.... and again when I bought more instead of selling at £4.25. I reserve the right to change ny mind when and if we get there, though, Ben and Nicey. Good luck to all.

[niceyman1] 07/9/2011 21:53

Todays rise could be linked to news that Tullow/Cnooc/total are to put pen to paper on the 15th {next thursday} according to those in the know! I really do think that the ugandans have come to london to settle this tax issue once and for all and want to get things moving. If we also get good news on the 2 wells currently being drilled, if there is no market crash in the next week or two then Cnooc/bp/exxon etc can only dream of a takeover price of £15-£17! more like £25!!!!! i.m.o.

[ben chod] 07/9/2011 21:48

too much of a good thing can be wonderful whatand give up this buffett share you must be a mad man

[eipgam] 07/9/2011 19:31

I hope you're right... I've been a holder for many years and will be very happy to leave a bit in for the next man

[mpclag] 07/9/2011 19:06

£18 just a start in my eyes