Tullow Oil Share Discussion Threads

[85gary] 21/2/2012 09:31

When I read RNS I read a positive, but obviously not taken that way by others.

[hiddendepths] 21/2/2012 08:53

44,335 in the auction this morning seems to have done the damage. Maybe a single institutional seller? Certainly worth buying the dips.

[niceyman1] 21/2/2012 08:48

Time to buy the dips ! This is going to bounce! News hopefully tomorrow>

[mpclag] 21/2/2012 08:28

just a bit of profit taking after the recent strong sp-imho justified as this is now de-risked. $2.9 bn enroute to the bank and more hydrocarbon finds. Now they can reveal the true extent of the oil in UG!

[hiddendepths] 21/2/2012 08:24

Odd share price move.

Still very good value. I think they should spin off South America. But I think Shell will swallow them up eventually. If they wait too long, it could be the other way round though!

[mpclag] 21/2/2012 08:11

just topped up!

[stefield] 21/2/2012 08:08

good job it wasnt dry :)

[mpclag] 21/2/2012 07:30

theyve certainly got the midas touch

[ringer12] 20/2/2012 17:28

EPI.
Yes. I'm getting more cheered up every day.Long may it continue.I was wondering how many punters in the small town of Tullow somewhere in the south of Erin's Isle have got shares in TLW?

[eipgam] 20/2/2012 16:43

POO now $120.72. Highest for 8 months... a good start for TLWs new financial year.

[eipgam] 20/2/2012 16:17

cheers....

ATB

[niceyman1] 20/2/2012 16:12

You assumed correctly eipgam!

[eipgam] 20/2/2012 15:21

or spelling ;-) (Grammar)

I assume you meant AFR is a better bet THAN Bowleven.

[niceyman1] 20/2/2012 15:10

Grammer is not my stong point!

[eipgam] 20/2/2012 14:46

Nicey... then or than BLVN?

Thanks for links....

[niceyman1] 20/2/2012 14:09

I sense a spike up this pm+ tomorrow!
I would rather see Tullow look at Afren assets (kurdistan + 50,000 BPD from west african ) then Bowleven ,but am sure they will spend some of the $2.9 pretty soon! i.m.o.

[85gary] 20/2/2012 14:07

Total closes deal with UK's Tullow for one third in Uganda oil assets: source

London (Platts)--20Feb2012/835 am EST/1335 GMT

France's Total has signed a long-awaited deal with the UK's Tullow Oil to take a 33% stake in Tullow's oil assets in Uganda for some $1.45 billion, a source close to the deal said Monday.

"Total has reached an agreement with Tullow -- it's done," the source said.

An official announcement on the agreement is expected on Wednesday.

On February 3, Tullow signed two key production sharing agreements with the government of Uganda allowing it to complete its long-awaited $2.9 billion farm down deal of its stakes in three oil blocks in the east African country to Total and China's CNOOC.

Tullow last year announced plans to sell to Total and CNOOC two thirds of its shares in the oil blocks, retaining the remaining third of the equity.

The venture was, however, delayed by the protracted tax dispute been London-listed Heritage Oil and the Ugandan government over capital gains tax on an earlier deal with Tullow for the same stakes.

Uganda has discovered more than 2.5 billion barrels of oil, and the ministry of energy expects the discoveries to hit 6 billion barrels when the whole acreage of the Lake Albert Rift Basin is fully explored.

--Stuart Elliott, [e-mail]

[eipgam] 20/2/2012 14:03

Thanks nicey....

I wonder what it is like filling in a paying in slip and depositing $2,900,000,000. That would make the tellers eye water...

PS How do you know? if that's not too nosey?

[niceyman1] 20/2/2012 13:55

Total have now sighed up to deal , rns wednesday!

[pcok] 20/2/2012 13:53

Oh my. I was regreting moving out of IMG into TLW but this move up is helping the pain.

[phillis] 20/2/2012 13:14

new high
:-)

[eipgam] 20/2/2012 12:27

yo... ringer12.

Cheered up yet?

[eipgam] 20/2/2012 11:31

ps... those results are due 14/03/12

14 Mar 2012 2011 full year results
16 May 2012 Interim management statement & Annual General Meeting
04 Jul 2012 Trading statement and operational update
25 Jul 2012 2012 half-yearly results