Tullow Oil Share Discussion Threads

[eipgam] 12/9/2011 14:23

cam from Uganda monitor... not reported elsewhere as far as I can see

[anotherardbeg] 12/9/2011 14:21

Nicey...is Thursday just a rumour or what?

[niceyman1] 12/9/2011 13:57

Barclays raises there target price to £17.70!
If we get our $2.9 billion on thurs we could be up to that,providing there isn,t a meltdown!

[captainiceman] 12/9/2011 11:34

Good news eipgam & I hope his conclusion is correct-I bought back at 1004 & banged out today at 1401, simply because the market in general is very ugly at the mo & I will be buying back in when/if this corrects.

Good luck to all.

[eipgam] 12/9/2011 11:27

Tha analyst at my broker took part in the conference call....

a couple of his comments...

The exploration director on the conference call tried his best not to get too euphoric about the potential game changing nature of the discovery, but even he had to admit that the upside potential of the Latin American side of the West Africa Transformational Margin play has been significantly de-risked.

This is a very high quality oil find. There is no water content inside the resource

(The SP) may take a breather before the next potential good news in October with the Montserrado well in Liberia which is targeting a resource of 650m boe.

His conclusion: TLW is a buy with a 1950 target.

[lobby ludd] 11/9/2011 12:37

Tullow the movie....starring Aiden Heavey ?
Somebody must be thinking of it. Great story: amiable Irish Accountant with NO knowledge of the oil industry, mortgages his house, founds a one man company, flies off to a dodgy Africa State, reading a copy of 'Teach yourself about the Oil Industry' on the plane, blags a licence in Cote d'Ivorie, flies directly to Texas to hire a drilling rig and crew, strikes oil with first well......more interesting than some of the movies I've seen recently !
(Though maybe needs a bit of love interest).

[chrysalis] 11/9/2011 01:16

Nicey - I take it this is what you are refering to



Hopefully should add a few pennies to the share price :- )))

[niceyman1] 10/9/2011 23:02

WHAT A WEEK, AND WHAT A WEEK NEXT WEEK PROMISES TO BE WITH TULLOW COMPLETING FARM-DOWN ON THURSDAY!
I GUESS £16.50-£17.00 BY FRIDAY?

[peter27] 10/9/2011 18:54

Thanks 85Gary for this extremely interesting report. Sorry I couldn't wait for MOTD!

[85gary] 10/9/2011 18:31

I posted this yesterday, but I think a more appropriate time is now at the weekend. it is an old analyst report, but imo it provides an overview of the area and the players involved. Well worth a read with a glass of wine before match of the day.

[boobly] 10/9/2011 18:30

Many thanks for posting up those reports Guys .
It`s not so easy to get access to them all on this side of the pond .
Re -rating ?......Looks inevitable to me !

[eipgam] 10/9/2011 18:01

from the doc kindly posted by dougdig....

Tullow (TLW: LN): Tullow has interests in various assets within the Guyana‐Suriname basin. In French Guiana, Tullow has a 27.5% interest in the ~8mm acre Guyane Maritime block. In Guyana, Tullow has a 30% in the Georgetown license. Onshore Suriname, the company owns a 40% working interest and a 36.5% economic interest in the Coronie and Uitkijk blocks. Offshore Suriname, Tullow has a 100% interest in Block 47. 2011 will see Tullow test several prospects in the region. In addition to the Jaguar‐1 prospect, Tullow is also testing the Zaedyus prospect within the Guyane Maritime block; the Zaedyus well was spud during the first quarter of 2011. The prospect is targeting a 700mmbbl (P10 estimate) structure (TPHe 500mmbl). We feel the biggest risk to the Zaedyus
prospect will be migration given the structure's distance from the known source. If successful, the play could open up a frontier basin for the company. Tullow is also committed to drilling five wells within its Coronie onshore block. The Coronie drilling campaign is expected to begin in the second
quarter of 2011. In 2008, Tullow drilled five wells within its Uitkijk onshore block; results from the campaign have been reviewed and integrated into the regional database.

[eipgam] 10/9/2011 17:08

perhaps big enough for a rerating?

[85gary] 10/9/2011 16:07

From above clippings...The best quote I've seen so far to put things in perspective.

Oswald Clint, an analyst at Sanford C Bernstein, said: "This is very, very, significant. This is a basin that has never been drilled by this industry and it has found petroleum. It has opened a new global oil basin which will be drilled for the next 20 years."

[eipgam] 10/9/2011 10:13

and Lex comment

[drowsy] 10/9/2011 08:38

Telegraph comment

[blueyonder] 09/9/2011 20:44

trt is a spelling error, should be tit

[boobly] 09/9/2011 16:45

.....and we STILL closed c.50p below the high for this year !!
Open Monday 1450 + imo .......That is , if the World`s still spinning :>))

[tomgorham12] 09/9/2011 16:34

And hopefully positive political news next week too

[chrysalis] 09/9/2011 16:29

Agreed Boobly. I bought in to this on Monday and was soreley tempted to hit the sell button a few minutes ago. But assuming that the market does'nt completely crash ............... there is going to be a lot of press coverage over the weekend. Additionally I am sure the CNOOC rumours will not suddenly disappear and then of course there is the possibility that there will be positive news re the CNOOC/Total farm down. So still a good case for more upside IMHO.

Have a Good Weekend all!

[boobly] 09/9/2011 16:22

TRT:.........Just the day traders , could so very easily soar 5%+ first thing Monday morning , after the weekend press .