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!

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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Copyright AFX News Limited 2005. All rights reserved.

The copying, republication or redistribution of AFX News content, including by
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consent of AFX News.

AFX News and the AFX Financial

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.

http://www.advfn.com/news_US-urges-compromise-in-Russia-Ukraine-gas-dispute_13638602.html

US urges compromise in Russia-Ukraine gas dispute

WASHINGTON (AFX) - The government has urged Moscow and Kiev to reach a
compromise in their dispute over the price of Russian natural gas exports, a
State Department spokesman said.

"We have been in touch with both countries to express the view that we urge
them to come to a compromise that meets the needs of both, underscoring the
importance of security of supply and stability of prices," spokesman Adam Ereli
said.

While emphasizing that the United States sees the issue as "a bilateral
matter between Russia and Ukraine," Ereli added that the dispute "is a question
of energy supply that we and the Europeans are all following closely because it
is significant and important."

Talks in Moscow between senior Russian and Ukrainian negotiators ended with
no deal Thursday, but will resume Friday just hours ahead of a deadline for
cutting off supplies to Kiev, Russian news agencies reported.

Russia has threatened to cut off gas shipments to Ukraine on January 1 if
Kiev refuses to accept a quadrupling of the price.

Ukrainian President Viktor Yushchenko was quoted by Interfax news agency
late Thursday as offering a much lower price increase of only 50 to 60 pct.

Western Europe is observing the crisis nervously as around a fifth of
European gas supplies come from Russia via Ukraine and there are fears the row
could disrupt shipments.

Major resistance @ 275p.Early signs of breaking out.May get revaluation with Tullows North Sea gas interests particular with supply problems Russia dispute with Ukraine etc.Results Janaury.Targets 285p-300p.

Sector doing very well across the board today and rightly so.Long awaited breakout above 275p TLW with more to come. Holding tight.

AEX +6%
BP. +2.1%
BUR +4.9%
CNE+2.7%
DGO +1.3%
DNX +1.2%
EME +20%
HNR +3.4%
JKX +6.3%
MXP +4.7%
NOP +16.02%
SBe +1.5%
SIA +2.0%
TLW +4.3%
VPC +5.8%

Waiting on operations update which should mean sp near to 300p.Let the trend be your friend. Holding.

Chartists view goto:

http://www.advfn.com/cmn/fbb/thread.php3?id=5456944&from=3683&to=3683

Offer @ 285p.

great start to the year--onwards and upwards! my biggest mistakes were selling too soon last year this time round I'm holding.