Tullow Oil Share Discussion Threads

[eipgam] 03/4/2012 11:15

muchos gracias... will have a good read.

HOIL up today.... I've got so many of them already though.

[85gary] 03/4/2012 08:45

East Africa / Kenya general stuff for eipgam....names like Pancontintal, Origin energy featured in article, I assume partnering Tullow on Mbawa later this year? I may be wrong so please check. Afren mentioned...

Hope it helps....dyor etc.,

[eipgam] 02/4/2012 15:21

85Gary.... for 'nice' result, read utterly gleeful!

[sanks] 02/4/2012 15:09

For the record, i await below £14 for some poodee poodaa direction
Hope i'm helping
Sanks

[flyingbull] 31/3/2012 17:22

Fancy a challenge? Here is the April monthly oil stock competition


Regards,
fb

[keya5000] 31/3/2012 16:57

eipgam---smallest player so obvious large/risk reward is TSX:SMB mcap 17m$CAD. Simba Energy.

Got a very tasty block with both the Anza & Mandera basins both running through the block, also owns/looking to increase other interests across Africa.

[eipgam] 31/3/2012 13:48

"I guarantee that Tullow will accelerate its efforts and investments" in Kenya, said Vice-President for Africa Tim O'Hanlon. "We are really pinching ourselves with these results."



85Gary (and/or others).... I believe you have done some research re: Kenya. I wonder if you would mind telling me if there are any other quoted players other than TLW, Total, CNOOC, Africa Oil and Anardarko. AOI have just had a big rise so I am hoping for some investor fatigue there sometime soon so I can buy on the dips, but if you care to share your thoughts, I'd be very grateful.

[eipgam] 30/3/2012 20:23

and from the Financial Times....



Uruguay, which hopes to discover offshore oil riches like those of neighbouring Brazil, has awarded eight exploration blocks to BP and BG of Britain, France's Total and Ireland's Tullow Oil, and has said it is now firmly on the world oil map.

The companies committed to make total investments of $1.5bn, Santiago Ferro, head of administration and contracts for exploration and production at state energy company Ancap, told the Financial Times. They will drill a deepwater well – the first offshore well in the country's waters since 1976 – and conduct extensive seismic and electromagnetic studies.

In the first three-year phase of exploration, Total will drill the well in the Pelotas basin off the north coast of Uruguay near Brazil. The companies will start work in a few months, once the contracts have been signed. The deadline for that is September.

Though bids were accepted for only eight of the 15 blocks on offer on Friday, nine companies submitted 15 offers and there was competition between three or more companies in five of the blocks. Mr Ferro said the level of interest and the arrival of new companies made this "one of the best results of a tender in the world. We are absolutely delighted with the result."

He said there were differences between Uruguay and the pre-salt fields off Brazil, where huge discoveries have been made: "There's no salt here." But he said there could be other, similar components – as borne out by the high level of industry interest. While it was premature to hazard a guess on reserves, "there clearly is potential", he added.

Uruguay, which imports all its oil, held a first international offshore tender in 2009, in which it awarded two blocks to a consortium made up of YPF of Argentina, Petrobras of Brazil and Galp of Portugal. They are exploring off the coast of the Punta del Este tourist resort but are not committed to drilling a well in their first phase of exploration. That ends in 2014, when they will have an option to continue or walk away.

Of the three basins in which blocks were offered, the Pelotas basin attracted the greatest interest. The others are the Punta del Este and Oriental del Plata basins.

The winning bidders will shoulder all the risks and costs, and Ancap will have the option of entering into partnerships, with stakes of up to 35 per cent. The term of the contracts is 30 years, extendable by Ancap for 10 years.

Ancap will have the option to buy all or part of the production to cover Uruguay's needs. About a fifth of the country's imports are fuel.

[eipgam] 30/3/2012 20:20

We're in...



BP Plc (BP/), BG Group Plc (BG/), Total SA (FP) and Tullow Oil Plc (TLW) won bids to explore for offshore deposits in Uruguay, the country's state oil company Ancap said.

The companies were selected from a total of 19 bidders, Montevideo-based Ancap said in an e-mailed statement today, without disclosing financial terms.

Uruguay is betting that the companies may discover offshore oil deposits similar to those that have been identified in neighbor Brazil's Santos Basin. YPF SA (YPFD), Petroleo Brasileiro SA (PETR4) and Galp Energia SGPS SA (GALP) won a first round of bids to explore in Uruguay in February 2010.

Ancap will hold a minority stake in each of the concessions that will expire in 30 years, the company said in the statement. Exploratory work must be completed in a 3-year period, it said.

To contact the reporters on this story: Matthew Craze in Santiago at [e-mail]; Eduard Gismatullin in London at [e-mail]

To contact the editor responsible for this story: Dale Crofts at [e-mail]

[ben chod] 30/3/2012 19:17

anyone heard results onUruguay blocks yet

[eipgam] 30/3/2012 09:43

Cheers Gary... the announcement may be after UK trading hours today? But everything seems to be all smiles with this company at the mo'.

[24thedough] 30/3/2012 00:59

Sorry, this was meant for POG bb. Must put more water with IT!!

[sanks] 29/3/2012 20:54

Its all about poodee poodaaing in the markets. The more poodee you have the less poodaa you get and in return leads to some loola lift.
Bit like boom and bust..suppose it comes down to shagonometry.

Hope it helps

[supersturrock] 29/3/2012 20:26

Yes, there are some saddos about thriving on negativity and destruction.

[phillis] 29/3/2012 19:33

he is a gobby poster isn't he

fortunately his efforts are falling on my deaf ears (or should that be "blind eyes" )

I have held these since £2.40 and I am a buyer below £14