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!

Some notes from today after the results:

KBC Peel Keeps Tullow Oil At Buy

Wednesday, September 14, 2005 4:51:46 AM ET
Dow Jones Newswires



0830 GMT [Dow Jones] KBC Peel Hunt keeps buy rating on Tullow Oil (TLW.DB) following 1H results. "After adjusting for the non-cash IFRS related charges, the results were close to our estimates on most fronts: production, revenue and cash generation." Notes key development projects in the UK, Equatorial Guinea and Gabon are progressing "and there was a solid 97% reserve replacement in 1H 05." Shares +2.9% at 224.25p. (SMT)

http://www.newratings.com/analyst_news/article_1015218.html

And

ABN Amro Reiterates Buy On Tullow Oil

Wednesday, September 14, 2005 3:06:40 AM ET
Dow Jones Newswires



0655 GMT [Dow Jones] ABN Amro reiterates buy on Tullow Oil (TLW.DB) following "good" 1H results. Highlights healthy (5%) increase in oil and gas reserves and continued strong production growth. "Oil/gas production more than doubled (Energy Africa acquisition), and revenues +163% thanks to high commodity prices." Increases NAV to 273p/share. Shares closed at 218.5p. (SMT

http://www.newratings.com/analyst_news/article_1014990.html

And

Tullow Oil 1H Impressive; Disposals Boost

Wednesday, September 14, 2005 3:36:50 AM ET
Dow Jones Newswires



0719 GMT [Dow Jones] Tullow Oil (TLW.DB) 1H results look impressive but net income has been boosted by GBP33M of disposals, says Bridgewell Securities. Sale of Congo assets noted. Bridgewell feels exploration newsflow has been mixed with a dry well on the Opal prospect. Expects positive presentation from management where they are expected to emphasize the healthy macro environment and upcoming drilling program. Maintains overweight recommendation. Trades +1.1% at 221p. (DWE)

http://www.newratings.com/analyst_news/article_1015038.html

Thanks gav.

Just dusting these off from last year.

Think I'll put them back ;-))

You're welcome SWW. Had a few good s/b's with these lately, but not holding any right now. Waiting to see what happens to the oil price but keeping a close eye on them. Impressive numbers today I thought.

Indeed, as it happens I have also channel traded this for a (very) few quid here and there.

My core holding is not enormous but it'll do in a few years time.

Decent day here today, more to come tomorrow perhaps after it's recent fall? Do you still hold these SWW? Not holding any myself just now, just watching.

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Yes just a few, I think they are on the way down again.

Oils sold off after strong run and making strong come back.TLW broken out above 238p and heading higher highs 260p+.Next leg could take TLW to target price 320p.Possible take over within next few years added bonus.Rising oils & gas trend.Time to hop on board with a few. Run profits and with your winners.

News @ 8:22 3 new wells show positive production rising to 60,000bopd TLW have an 11% share in field.

Through the 250p hurdle.Usually expect ATs to take back under 250p, but somehow feel that TLW wants to go higher .BUR & CNE leading the way up.Oils & gas sector strong for obvious reasons.

cheers lex 1000-it's looking good. as you say ripe for a takeover-hope so!!

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.