Tullow Oil Share Discussion Threads

[mccracken227] 19/4/2012 20:46

Remember this sanks.....

Elsworth - 22 Jul 2006 - 00:23:51 - 1149 of 17086
I remain unconvinced and reiterate my SELL advice with a £1.40 target

Hope this helps

[eipgam] 19/4/2012 19:43

from the AOI bb

highcommissioner - 19 Apr'12 - 19:17 - 384 of 384

Looks extremely promising.



Kenya news help Tullow escape FTSE fall

By Bryce Elder

Tullow Oil outperformed a falling London market on Wednesday as hopes grew that a discovery in Kenya had the potential to eclipse its previous finds.

Tullow was looking at options to accelerate drilling onshore in Kenya with five rigs available in the short term, management told a Merrill Lynch oil and gas conference on Tuesday.

Initial results from its first well had exceeded expectations before drilling had reached target depths, the company said.

The bullish presentation led analysts to draw parallels with Tullow's Lake Albert rift basin in Uganda where 1.1bn barrels of oil have been found.

"Even at this early stage, it appears that not only is this first basin potentially the same size as the whole of Uganda but that its prospectivity is better than in Uganda, not worse as previously thought," Merrill Lynch told clients. "With six additional basins of similar size to chase after in Kenya, the opportunity set here is significant."

Tullow shares advanced 2.4 per cent to £15.18, in spite of trading ex an 8p dividend. Merrill had a £20.47 target on the stock.

[ringer12] 19/4/2012 17:20

Would have thought in that area water would be as good as oil!

[sanks] 19/4/2012 14:53

It wants to take out my £14 poodee target

[droid] 19/4/2012 12:53

Not exactly a major setback in the scheme of things.

[eipgam] 19/4/2012 12:08

TLW speak positively about it but the market's immediate reaction is slightly diferent

Commenting today, Angus McCoss, Exploration Director, said:

"Kosrou-1 and Mercury-2 encountered significant reservoir sands which were water bearing with oil shows. The existence of thick sandstone fairways and a working hydrocarbon system, proven by every well in our exploration campaign, mean that our West African Transform Margin acreage remains highly prospective. The well data will now be integrated into our regional models to improve our chances of making a hub-class discovery with the ongoing campaign which includes the Strontium-1 well in Liberia and the Paon-1 well in Cote d'Ivoire."

[eipgam] 19/4/2012 12:07

RNS just out....

[paulhgreen] 19/4/2012 08:15

Hi stefield

I dont know where they came from but i wish they would go back there.

PG

[mpclag] 19/4/2012 08:10

btw you may be shoveling poo if this continues :P

[mpclag] 19/4/2012 08:01

sanks-you really are amusing-ty

[stefield] 19/4/2012 07:28

havent looked in here for a few weeks...

where did all the idiots come from ???

[sanks] 18/4/2012 23:35

For the record i remain a shagger on TLW and am considering sanking you guys if you can loola it a little more to add to my shorts...its nice to know you are helping my cause.

Sanks in advance

[ringer12] 18/4/2012 23:31

EPI. Thanks for that info. which clarifies everything. The Advfn monitor shows the AOL share price as 4.199 and Simba as 0.145 following the normal UK pricing with no indication that these prices are obviously Cad and not pence.

Keya5000. Thanks,I must look that up as i,m tempted to buy a few.Hope I haven#t left it too late!

[keya5000] 18/4/2012 20:16

Ringer, we have a good Simba board on ADVFN, with some good posts from those who are close to the action so to speak.

It's Kenya that's moving this, no doubt about it.

[eipgam] 18/4/2012 18:55

Hi Ringer... I don't know for sure as I bought my AOI shares via a UK broker who dealt on the TSX.... they were priced in CAD but my broker applied a rate of £1 = CAD1.592 and I was billed accordingly, in sterling.

Your fractions of a penny surprise me, are you sure they are not fractions of a £?

AOI are currently around CAD4.85 which, when you apply an exchange rate of 1=1.592 (as it was when I dealt) gives an share price makes a sterling price of £3.0464824etc

SMB are much less at CAD0.13 which equals £0.08165829etc ie 8 and bit pence.

AOI are also quoted on the Stockholm exchange (AOI:ST) and when you apply the relevant exchange rates, they seem to be the same price as they are on the TSX (when both markets are open).

Hope that helps, but it might be worth dealing over the phone in the morning (on the ST poss), or after 14:30 on the TSX if you are still unsure.

PS ADVFN doesn't seem to support quotes from Stockholm although you can get them easily on yahoo finance albeit with a 15 min delay

[ringer12] 18/4/2012 17:57

EPI. I have AOL and Simba on my watch list but am a little puzzled at their share price which appear to priced in fractions of a penny. Is this correct. I know of penny shares but these appear to be ten for a penny. Perhaps I am reading it wrong. I am a bit wary of pressing the button for a few million shares!

[eipgam] 18/4/2012 17:31

As the next IMS isn't til 15/05, it looks as if the market (or, I should say, a very few within it) thinks soemthing is up.... although it could be something as simple as agreeing with the £18 share price targets rather than the £10 someone forecast.

I wonder if the £10 analyst has resigned yet?

[supersturrock] 18/4/2012 16:37

eipgam - what is the 6 year prediction ? I seem to have missed that one.

[eipgam] 18/4/2012 15:12

I reckon it's the Kenya expectations... it must be something interesting as we are inverse to the Dow, which is a bit unusual.

Maybe pr4w2b0y's 6 year old prediction is going to come true? Now then, Sanks, that is a ramp!

[supersturrock] 18/4/2012 14:40

Something leaking out here or is it just Sanks n his mates closing.

[sanks] 18/4/2012 12:09

My pleasure :-)
Sanksalot

[mccracken227] 18/4/2012 11:20

thanks for the light entertainment Sanks

[eipgam] 18/4/2012 10:49

poodee poodee poodee!