The CEO states Tullow sp is much too low and I bought in on the comments---todays results are excellent and I feel this one is being overlooked on here. check it out bargain hunters-I'd welcome some expert feedback!

Oil Price Warning

The International Energy Agency, the oil sector monitoring body, said that oil prices would be 50% higher by 2030 if Saudi Arabia did not invest billions of dollars in new production.
FT, Saturday 5th November 2005.

From F.T.

A heady mix of takeover talk and high oil prices
By Rebecca Bream
Published: November 5 2005 02:00 | Last updated: November 5 2005 02:00

Tullow Oil is having a good year. Its first-half pre-tax profit jumped to 91.4m, from 17.3m in the same period of 2004, thanks to acquisitions and higher oil and gas prices. The London- and Dublin-listed group owns a range of oil and gas assets but is currently concentrating projects in the North Sea and west Africa. Reflecting the group's progress, Tullow's shares have been climbing steadily, from 155p on January 1 to a peak of 260p on September 30. There has been some profit-taking since then but the stock was boosted by the announcement on October 20 that Paladin Resources was being taken over by Talisman of Canada. Talisman paid 1.2bn for Paladin, triggering speculation that Tullow could be the next mid-tier producer to be snapped up. The stock is no longer a bargain but Tullow has a good growth profile and could provide further upside for investors. One of Tullow's strong points is that its stable, mature gas assets in the UK balance its more speculative oil projects in Africa. Tullow bought the Schooner and Ketch gas fields in the North Sea earlier this year and expects to see the full benefit in its second-half results. It is looking for further North Sea acquisitions. Rebecca Bream

cheers lex--took some profits on a small amount last week but happy to hold on to the rest now.

Resistance @ 250p.sp pausing and consolidating at these levels.Best offer to buy the dip @ 249p.

All looks good here plan to add when I sell Fayrewood!

Ran ahead on early doors friday 258p-259p and pulled back.Best price to buy 247.75p today.Better to build on supports on the way up.Sub 250p gives another opportunity to top up.

edit:Warmer than expected weather prevailing on U.S. N.East coast sending gas and crude prices lower.

Market likes to shake out sellers.Times like these that investors need to be patient.

I added some after selling pipex looks good

Could have bought upwards of 30000 on a good news day like today,wonder If this Is usual for this stock.

It is when they find oil earlier than they thought at more shallow levels. Expect it to rise much higher soon

THought you might like to see charts.

Thanks for that Fred, certainly going In the right direction.

Hit 276p friday before falling back.Next week should confirm whether breakout above 272.5p.Good hedge oil & gas.

Will have to see whether TLW breaksout higher highs.Needs to break and hold above 272.5p

AHT & TLW charts breakingout.Excellent long termers.

Breakouts look convincing.

thanks lex keep it coming!!

From UK-Analyst.com: December 9th 2005

"Merrill Lynch upped its earnings estimates across the oil sector taking into effect its recent change in currency assumptions. The broker moved its long-term dollar:pound currency assumptions from 1.82/1 to 1.75/1. Adjusting for tax, currency and, in the case of the exploration and production group, recent exploration and development newsflow the broker upped its 2006 earnings-per-share estimates by an average 2% for the UK Majors and reduced its forecasts by an average of 4% for the exploration & production groups.

As a result, Merrill upped its target on BP shares by 4% to 700p, its Burren Energy target by 4% to 1,055p and its Tullow Oil target by 6% to 285p.

These 3 stocks are the broker's top UK oil picks.

Shares in BP fell 11p to 640p as after the Kuwait Investment Office said it has sold a stake of around 1.2 billion pounds, or 185 million shares, to rebalance its international investment portfolio. Burren Energy shares rose 24.5p to 954.5p and Tullow stock added 6p to 272p."

Tuesday 13 december 2005

Dana Petroleum says data shows 2 hydrocarbon bearing sandstones at Faucon-1
well

LONDON (AFX) - Dana Petroleum PLC said initial interpretation of logging
data at the Faucon-1 exploration well in Block 1 indicated the presence of two
hydrocarbon bearing sandstones.
The lower sandstone has a gross thickness of about 40 metres of which the
upper 10 metres contains a hydrocarbon which appears to be a light oil or a
liquids rich gas-condensate. The upper sandstone is about four metres thick and
is interpreted as being gas bearing.
Dana is operator of Block 1 offshore Mauritania with a 36 pct interest. Gaz
de France UK has a 24 pct stake, Tullow Oil 20 pct, Hardman Petroleum
(Mauritania) Pty 18 pct and Roc Oil (Mauritania) 2 pct.
newsdesk@afxnews.com
jc


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Downend - 13 Dec'05 - 14:22 - 3379 of 3382


KBC Peel Hunt has buy ratings for Tullow Oil and Venture Production, a sell rating for Dana Petroleum ....'

Bullish signs.Breakout soon.