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!

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

Tullow will bounce up, being brought down with EU problems, and O'Banana pussy footing in the USA.

Merrill Lynch:
Appraisal success shows Enyenra potential; NAV upped 5p
Tullow announced that its Enyenra-3 appraisal (Enyenra-Tweneboa field; Ghana; TLW 50%) hit 17m of light oil (35 degrees API) pay in good quality reservoirs. The well appears in pressure communication with the previous Owo and Enyenra-2 wells, proving the extension of the field. The success at this 6.5km step out, updip from Enyenra-2, is crucial to move the field closer to commercialisation and to remove any concern about the field becoming gassier up-dip. That said, pay is lower than the anticipated 23m and could clip somewhat the P10 upside of the field. Reflecting the success at the appraisal, we up our NAV/PO by 5p/sh to a total of 2,055p/sh. We retain our Buy rating on the shares.

Next stop Montserrado in Liberia.
The next stop on the exploration newsflow is set to be the delayed Montserrado well (22p risked; 66p unrisked) in Liberia. The mechanical problems of the rig mean that now results from this high impact well are expected in mid Oct.

Slippery Uganda closure.
The repeated delays in closing the Uganda disposal are clearly frustrating. That said, we firmly believe that getting the right fiscal structure and guarantees (the discussions appear to relate to fiscal stabilisation clauses in part of the licenses) is paramount even if that means waiting more to close the deal. Although the Uganda proceeds are key to TLWs LT funding and we see exploration and prod upside, the story is far less dependent on Uganda now particularly given the strong exploration momentum in French Guiana and Ghana and growing cashflow generation from the Jubilee field.

Excellent" results in Ghana for Tullow
By Sarah Modlock | Wed, 28/09/2011 - 09:22

Tullow Oil (TLW) said on Wednesday that it expects good news from its operations in Ghana.

The FTSE 100-listed Irish company announced that its Enyenra-3A appraisal well, in the Deepwater Tano licence offshore Ghana, has successfully encountered oil in high quality sandstone reservoirs.

"This excellent result demonstrates that we are close to declaring the Enyenra and Tweneboa development commercial. Although the ultimate extent of the fields are yet to be fully determined, confirmation of this up-dip extension and long oil column in Enyenra is very encouraging, said Angus McCoss, Tullow's exploration director.

Despite the positive news, Tullow shares dipped into the red during early trading on Wednesday.

Tullow said that pressure data indicates that the Enyenra-3A well has confirmed an up-dip extension of the Enyenra oil field and this confirms a continuous oil column of at least 365 metres and that the oil at Enyenra-3A is in static pressure communication with both the Owo-1 discovery well and the Enyenra-2A appraisal well.

Enyenra-3A was drilled to a total depth of 4,031 metres in water depths of 1,102 metres.

Tullow has a 49.95% majority share in the Deepwater Tano licence. Its partners there are Kosmos Energy and Anadarko Petroleum,both of which have stakes of 18%. Sabre Oil & Gas and the Ghana National Petroleum Corporationalso carry interests.

Elsewhere in West Africa, Tullow now expects to announce the result of the Montserrado-1 well offshore Liberia during October.

news reports suggest MP's in Uganda have accused TLW of allegedly bribing goverment ministers, oil deals suspended.

that must be the two guys who were too late to be included in the handout of party bags

cynic accusations of bribery should be taken seriously as they may have a major financial impact on TLW's deal to sell their investment in Uganda.

how naive can you be? .... the world is rife with such practices if you want to do business ..... in the philippines the police are routinely bought off for such petty things as speeding; for saudi, read the recent papers; africa runs on such

cynic you have conveniently forgotten that TLW are trying to sell their asset in Uganda for $2.9billion to CNOOC and Total.This deal should have been completed last month, accusations of bribery made in the Uganda parliament are unlikely to speed up the process.

ah well you've never liked this stock ... as for me, it seems to have done consistently well and am delighted that i bought some more yesterday ..... right 'andsome they've done today guv

TLW continues to perform strongly even against the trend ..... i know the news from uganda is (now) pretty positive, but it's certainly not impossible that it is being targetted .... in any case, and i know friend hali fundamentally diagrees, i think this is one of the best second tier oilies and should do any holder proud either short, medium or long term

well you bunch of muppets, have any of you bought in yet?

A bit high to be buying in now, n'est-ce pas?

you may want to wait until there is momentum into new high ground, and there is certainly a good argument for following same

Interim divi 03/11, Interim statement 09/11. So personally would not trade it till after divi date, not a holder. Bit of a gamble hoping for a breakout perhaps over six days?

Chris that's only the payment of the divi - a stonking 4p (yield 0.42%).

Exactly skinny marvelous if you hold, if like me missed the boat and not a holder would you trade it now with a spread bet or cfd or wait till after divi payout when sp obviously will be lower? Then if you believe interim result will be good enough, punt that profits wont be taken and it breaks out above 52 week high or alternatively short it?

I must be honest - a dividend of 4p on a share price of 14.40 wouldn't really sway me one way or the other - especially taking into account its daily volatility (40p today). surely of more importance is the interims ?