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!

hold some already..was looking to see if 9.99 might come our direction..bit wishfull thinking i think..

TLW and PMO are my two perennial larger cap ,oily faves, though i currently hold neither - thank goodness.

TLW chart looking very sad indeed, but may be worth a little dabble at PMO at 12.00 which it is now nearing

TLW strikes yet again! ...... Investec ups target to 18.93

extract from latest RNS ...

Angus McCoss, Exploration Director, said: "Success in all five of the targeted reservoirs, encountering 73 metres of total net pay, is an excellent outcome for the Teak-1 well and a great start to our 2011 multi-well exploration campaign in the West Cape Three Points licence. The significant potential of this discovery, up-dip of Jubilee, will be appraised during 2011 and 2012 once the current drill-out campaign has been completed."

Great result.....but the problem for an investor is that the stock is fourteen pounds plus......you need big variations on the sp with TLW, PMO and RIO's......at the moment I prefer the lesser value oil stocks which in percentage terms move a lot more....

Take RRL for example.....if that rises by a penny.....even with the spread.....you will need a pound rise here just to keep up !.

i'm more than happy with the profits i have made here, though with CFD i'm only putting down 10% .... obvious caveat re not getting over-exposed .... more to the point, TLSW is a "real" company whereas RRL cannot be so described

I would buy a position in RRL Cynic .....going places....and isable as wel...l

i have one - losing money!

You can't be..... hovering above 14.25p as we speak......

sorry - wrong stock; i've got some RRR for my sins

ramp ramp for both these stocks that are performing very well in a bad market - see post 372 for charts

and Tullow does it yet again ....

Angus McCoss, Exploration Director, said:
"The discovery of oil this far down-dip in Enyenra-2A, and the confirmation of its communication with the Owo-1 oil discovery, is an exceptional result. This represents a major step forward in the appraisal of the Enyenra-Tweneboa area and is highly encouraging for our target to declare commerciality later this year. We are now looking forward to leveraging our expertise in the Jubilee play across the Atlantic through drilling the high-risk, high-impact, Zaedyus prospect in French Guiana in March."

From stockpedia:
Africa-focused oil company Tullow Oil ramped up profits in 2010, broadly in line with City expectations, as oil prices jumped by almost a third, but the shares fell today. Profit before tax soared to $152m from $33m in 2009 and rose 137% to $73m after taxes. Sales revenue was 19% better at $1.09bn.

Broker finnCap, which rates Tullow's shares as a "sell", was sceptical about the results.

"Despite an upbeat message, we believe there are few positives to take away from Tullow's full year results and that the company has delivered a disappointing financial performance. The bulls may point to an active drilling programme planned for 2011, but political risks in a number of countries operated in could see this significantly curtailed, while we also believe the materiality of the vast majority of the wells is limited. This view is backed up by the market reaction to recent positive news flow from its drilling operations in Ghana," finnCap analyst Will Arnstein said.
Keep watching cyners;)

all looking tasty here ...... ghana production looks likely to hit 120,000 bpd by august (rather puts into perspective EOG's 300 "if your lucky"!) and probably more important, it looks as though the taxation dispute with uganda is now settled.

and yet another good strike by TLW, this time in french guiana ..... sp has shot away, and it also explains the strength in the lat few days

Might be worth keeping an eye on Wessex Petroleum (WSX) cynic as there is a direct read across from the Tullow acreage to Wessex's.

would rather be invested in a proper company!

Of course, but WSX exploration directly reflects on TLW in a small way.
"Tullow (27.5%) operates the Guyane Maritime license and is partnered by Shell (45%), Total (25%) and Northpet (2.5%), a company owned 50% by Northern Petroleum plc and 50% by Wessex Exploration."

cynic sp not looking so good........ where are those spaceships?

looking a lot better than MATD and that's for very sure!
actually, TLW have bounced very significantly in recent weeks, and this discovery in french guiana is potentially very exciting indeed