Tullow Oil Share Discussion Threads

[droid] 26/3/2012 15:38

Wow, up nearly a pound on the day -and about time too. TLW are discovering new oil fields faster than the shareprice can keep up.

[pr4w2b0y] 26/3/2012 13:22

That news update link seems have gone a little skew wiff, copied below;

Ngamia-1 oil discovery in Kenya Rift Basin


26 March 2012 - Tullow Oil plc (Tullow) announces that the Ngamia-1 exploration well in Kenya has encountered in excess of 20 metres of net oil pay.



The well, located in the Turkana County of Kenya Block 10BB, was drilled to an intermediate depth of 1,041 metres and has been successfully logged and sampled. Moveable oil with an API greater than 30 degrees has been recovered to surface. This oil has similar properties to the light waxy crude discovered in Uganda.



The Ngamia structure is the first prospect to be tested as part of a multi-well drilling campaign in Kenya and Ethiopia. Many leads and prospects similar to Ngamia have been identified and following this discovery the outlook for further success has been significantly improved.



The well will now be drilled to a depth of approximately 2,700 metres to explore for deeper potential. On completion of operations, the Weatherford 804 rig will move to the Tullow Operated Block 10A where the Paipai-1 wildcat will spud in 2H 2012.



Tullow has a 50% operated interest in multiple licences in the Kenya & Ethiopia Rift Basins covering in excess of 100,000 square kilometres. The Turkana County, where the Ngamia discovery has been made, is one of seven basins mapped in Tullow's acreage and is similar in size to the 9,000 square kilometre Lake Albert Rift basin in Uganda.



Tullow (50%) operates Block 10BB and is partnered by Africa Oil (50%).


Commenting today, Angus McCoss, Exploration Director, said:

"This is an excellent start to our major exploration campaign in the East African rift basins of Kenya and Ethiopia. To make a good oil discovery in our first well is beyond our expectations and bodes well for the material programme ahead of us. Tullow is working closely with the Government and people of Kenya as a committed long term partner to unlock the oil potential of the region. We look forward to further success as seismic and drilling activities continue to gather pace."

[ben chod] 26/3/2012 12:33

gondwanaland theory proves yet again

The company said the oil had similar properties to the light waxy crude it has discovered in Uganda.

The Ngamia structure is the first prospect to be tested as part of a multi-well drilling campaign in Kenya and Ethiopia. Tullow says the outlook for further similar prospects has "significantly improved" following this discovery.

Tullow has a 50% operated interest in multiple licences in the Kenya & Ethiopia Rift Basins covering more than 100,000 square kilometres.

"This is an excellent start to our major exploration campaign in the East African rift basins of Kenya and Ethiopia. To make a good oil discovery in our first well is beyond our expectations and bodes well for the material programme ahead of us," said Tullow's exploration director Angus McCoss.

[ben chod] 26/3/2012 12:30

Ngamia-1 great news eventhough live oil was discovered in the 90s

[obmuj] 26/3/2012 11:47

Here we go.................yet again!

[pcok] 26/3/2012 11:45

Time to fly!

[jonno1] 26/3/2012 11:43

Kenyan President says Tullow Oil (TLW LN) have discovered oil in the North of the country

[eipgam] 23/3/2012 14:38

That vid has been around a few days.... I'm not sure about that VSA lot.... there were a few vids going around proclaiming how much they love GKP... "we are buyers at £4" they said. They don't seem to buying many at £2.50 though....

[maccack] 20/3/2012 01:24

first para of AOI news release relevant to TLW.....

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2012) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE:AOI)(OMX:AOI) reports that the Tullow Oil operated Ngamia-1 well on Block 10BB in Kenya is currently at a depth of 1,040 metres and is drilling ahead to a planned target depth of approximately 2,700 metres. There are no results to report at this time.

[pr4w2b0y] 19/3/2012 22:20

FY 2011 E&A programme updated in the header. Some interesting well updates in the Development Opportunities slide further down.

[ben chod] 17/3/2012 09:45

that link doesnt seemtowork