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!

indeed you've never liked it, and at the moment the market doesn't much either .... however, i'm happy to keep holding as have banked plenty of profit from this one in the past and no doubt shall do so again in the not too distant future - always presupposing the market doesn't crash again

A lot worst performing companies on the market to make money out of then TLW whatever some people may say.

RNS helping to destroy the ice cap.

FTSE 100 member Tullow Oil is up 2.2% today and has gained 14% over the last three months, thanks to continued production growth and its second confirmed oil find in Kenya so far this year. Drilling is still ongoing at the Twiga South-1 well and Tullow has not yet specified the size of the find, but results are expected later this month, after which Tullow will flow test its first Kenyan oil discovery, which could trigger further gains.

Lansdowne hedge fund takes huge 'short' on Tullow
Wed Nov 7, 10:15 AM :
http://sharecrazy.com/beta/newsflow

lansdowne could well rue its position - shame!

Tullow Oil plc (Tullow) announces that the Twiga South-1 exploration well in Block 13T, onshore Kenya, has encountered 30 metres of net oil pay with further potential to be assessed on test and has also encountered a tight fractured rock section with hydrocarbon shows over a gross interval of 796 metres.

"Lansdowne hedge fund takes huge 'short' on Tullow
Wed Nov 7, 10:15 AM :
http://sharecrazy.com/beta/newsflow" As usual with some of these throw away announcements they don't say why.

something of a rare stinker for TLW for which the sp has taken a whack ..... i have enough already or might have viewed this as a buying opportunity

Following speculation in the French press, Tullow Oil plc (Tullow) announces that the Zaedyus-2 appraisal well (GM-ES-2), offshore French Guiana, has completed drilling. The well, drilled 5km up-dip from the Zaedyus-1 well, encountered a total of 85 metres of reservoir quality sands with oil shows in several objectives but did not encounter commercial hydrocarbons at this location.

for those interested, it's worth reading the rest of the RNS

Credit Suisse has cut its target price for Tullow Oil from 1,650p to 1,550p following Tuesday's news that the no commercial hydrocarbons were found at the Zaedyus-2 appraisal well, offshore French Guiana.

Top-Up time approaching then.

i see sp took another relative beating today with several downgrades bar liberum which upped ...... hali will be chortling at my expense :-)

SocGen summary:
For the second time in two weeks Tullow’s share price is down by more than 5% intraday, triggered by the announcement of disappointing exploration results (Zaedyus, Okure). The fall in the share price (and associated volumes) significantly exceeds the value we were carrying for each of these wells in our risked NAV; this indicates to us that long term investors may have begun to question Tullow’s long standing premium valuation to its peers (e.g., $69/b EV/2P reserves vs. $32/b average) which we think captures an impressive exploration track record over the past six years.
Clearly, the downside from here is that investors continue to mark down the stock’s 50-60% premium to Core value (771p/s est.) as Tullow pursues its highly volatile exploration-led strategy. We caution that Tullow has not become a poorer explorer overnight, in our view, and we expect further clarity on its fully funded 2013 drilling programme with its January trading statement – noting that clarity on the portfolio upside could well dispel investors’ misgivings. The next catalyst for investor sentiment is likely to be results from the high risk high impact PaiPai well in Northern Kenya by year end (+32p/sh unrisked).
Valuation. Our 1,450p TP is in line with our risked NAV at $100/b (771p core + 375p contingent + 304p exploration). Risks to TP. Drilling success/failure should drive investor sentiment near term, together with success in ramping up of production on the Jubilee field in Ghana. Industry specific risks include spills and commodity prices.

A buy in shares mag . I have bought into Tullow last week, With the shares in the doldrums following a worse than expected result from the appraisal drilling off the coast of French Guiana. The shares trade at some way below an estimated sum-of-the-parts (sotP) valuation from broker investec of £13.99 a share. Its not just a matter of luck that Tullow has a record of around 70% of its appraisal and exploration wells have found oil or gas. They have a large experienced team of geologists and drilling specialists.According to Chief operating officer Paul McDade, Tullow aims to identify at least 400 potential targets each year from which it comes up with its list of 40 wells.
In 2013 the company is set to go after multiple prospects in Kenya, French Guiana and Mauritania. Broker Jefferies estimates success with the groups Kenyan drilling alone could be worth 500p a share.

If the potential for Kenya drilling is so good for Tullow you would be better off
buying Afren which is a cheaper share ( PE terms ), as they are also in Kenya.

Plus they have exciting potential in Northern Madagascar which may be drilled
in 2013 and also proven reserves in Kurdistan almost ready to produce a bonanza.

My personal target for Afren at 130p would be 165p very soon,
but who knows in these dull markets.
Danger is that oil prices could be weak in 2013 because of adequate supplies
coming on stream.

Afren seem to be better value that Tullow ?

My shares for 2013
Sterling Energy ( SEY ) low risk as cash rich, and waiting for action to start
Man Group lowish risk waiting for improved world economics
Afren a low risk oil share - could increase by 50 % ??

Moving outside the seasonal retail business, Tullow Oil will give us a trading statement and operational update on Friday. The share price slid in December, a month in which the firm announced the acquisition of Norwegian explorer Spring Energy for an amount that could be as high as $672 million (based on a core price of $372 million plus conditional bonus payments of up to $300 million), and told us it is offloading some of its North Sea assets.

This appears to be a move towards more speculative -- and therefore higher-risk -- prospects, which may well have scared away some of the company's investors. But at 1,279p today, the Tullow share price has tripled since late 2008, so someone clearly knows what they're doing

TLW has very strong management and outstanding R&D (i guess that's the right term)

Lets hope 2013 is a better year for them.

Im out

i've been nursing a loss for some time, but perhaps foolishly, i shall stay put

There was a broker downgrade yesterday.