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!

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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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.

Understanding is that TLW moved to 50:50 ratio oil and gas production. Previously under valued North Sea gas.From time to time consolidation in sector mentioned and TLW name usually comes to the fore.Chart has been threatening to breakout for ages,three four attempts failed @ 275p and sp volatile between 260p-276p with intra day lows of 258p.Operations update should be favourable.witnessing chart breakout today.Whole sector bullish.Previous estimate of Tullows worth suggested high of 340p.

End of day rally with some big buys 287p & 288p. Closed 286.75p-287p

FTSE closes sharply ahead

Headline shares closed comfortably higher today as the gas row between Ukraine and Russia helped fuel demand for energy stocks and the mining sector began the year in good form.

At the close of play, the FTSE100 was 62.7 points higher at 5,681.5 with the FTSE250 99 points better at 8,893.3 and the AIM100 up 68.5 points at 5,402.5. Volume was fair with 2.436 billion shares changing hands in 295,436 deals.

On Wall Street, US stocks edged lower following a disappointing December sales update from Wal-Mart and a price target cut on General Motors Corp weighing on the Dow Jones Industrial Average.

At London's close, the DJIA was 6.2 points lower at 10,711.3, while the Nasdaq fell 5.46 points to 2,199.86.

Back in London, miners were in demand as copper and gold prices continued to trade higher. Xstrata rose 60p to 1,420p, with BHP Billiton up 14p at 963.5p, Kazakhmys gaining 35.5p at 809p, Antofagasta 42p higher at 1,911p, Rio Tinto rising 48p to 2,703p and Anglo American 61p up at 2,040p.

Oil prices remained higher, with crude prices holding above 61 usd a barrel as concerns over Russia's gas row with Ukraine continued, despite assurances from Russia that it is in the process of restoring normal supplies to European nations.

BG Group continued to lead the FTSE100 risers, up 20p at 594.5p, while Cairn Energy gained 37p pence at 1,957p, Shell added 59p at 1,917p and BP moved up 18p to 637p.

Compass Group meanwhile, rose 6p to 226.5p on news Richard Cousins, the former head of BPB, may have been approached to become the new CEO of the embattled catering group, according to a report in today's Independent.

Retailers were under pressure amid concerns over trading during the festive period.

Footfall, the retail information provider, said the amount of people traipsing the high street between December 26th and 30th, normally the height of the post-Christmas sales season, fell by 12.4% compared with the equivalent period last year.

Marks & Spencer topped the blue-chip fallers with a drop of 8p to 497p, while Tesco slipped 6.25p to 325.25p. On the second line Woolworths fell 1.5p to 37.25p and Body Shop dropped 3p to 260p.

Electra Investment Trust led the mid-cap risers yesterday, up 84p at 1,204p, after agreeing to sell Inchcape Shipping Services, an independently managed network of ship agents, for $285m to Istithmar, a major investment house based in the United Arab Emirates.

Meanwhile, Rank Group dropped 11.75p to 294p on profit-taking following gains after the 430m sale of its Deluxe film processing division last week.

UBS today reiterated its neutral stance on the stock and lifted its price target to 297p from 288p previously.

William Hill was among the midcap risers, up 22.5p to 558p, after the bookmaker said profits for last year were likely to be above expectations as it looked forward to a strong 2006 boosted by the football World Cup.

Cookson Group jumped 13.5p pence to 438.5p after Numis Securities raised its target to 514p from 465p, while reiterating its buy rating, following the firm's recent disposal of its SCS unit.

In other news, Soco International surged 29p to 815p after finding oil in the first exploration well it spudded on the East Shabwa field in Yemen.

The hole, known as Jathma-1, flowed over 1,900 barrels of oil per day, Soco said in a bullish drilling update.

Panmure however, downgraded the shares to hold from buy on valuation.

Amongst smallcaps, Pan Andean shares dropped 1.25p to 9.75p after announcing that it has plugged its well in Texas as a reservoir encountered also contained water.

On the economic front, the UK's manufacturing sector continued to expand at a modest pace during December, but not nearly at the same rate as the 12-nation single currency zone, a closely-watched survey found today.

The purchasing manager index of activity in the monthly Chartered Institute of Purchasing and Supply survey rose to 51.1 in December from 51.0 in November.

Analysts had anticipated a modest decline to 50.8.

A reading above 50 indicates an expansion in activity, while a sub-50 figure indicates contraction.

DOW closed up +129

Should be good day tomorrow. Oil price up. Lets hope TLW joins in.............again.

All the forecasts look promising,
gr 37%
eps 20.4
target per of 20 = 4.00 plus
not demanding so a target of 3.50 - 4.00 seems realistic
given market and sector strength
looking forward to more to come.
All the best
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