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!

Is Tullow worth 3 times approximately as Dana.

depends what reserves dana has. I think danas a bit complicated because it's a pure exploration play. I read somewhere that it's got 2 billion barrels potentially north sea fields, so it may be a bit undervalued. can't be bothered looking at the results

Saintserf

Dana has reserves approximately two thirds of Tullow. Exciting potential in Mauritania and Kenya. A deal to be concluded with Gaz de France. No wonder
Merrill Lynch is so keen on the stock.

Tullow is a great company but in my opinion expensive compared with Dana

Any one know the ex div date as I only hold these as a bet and obviously receive no company info.

cheers

ianwas

!st June last year.

ianwas

!st June last year.

ianwas

!st June last year.

saintserf

dana isnt a pure exploration play at all. Results in march had average production of 19,683 boepd producing revenue of 165m, net profit of 64.2m and an EPS of 80.1p. Proven reserves of 111.5mboe and total reserves of 235.8mboe as well as 92m cash.

Current production is thought to be approx 26,000 boe with a target of 40,000 boe by the end of 2007. This doesnt however include any future drilling

Exploration wise a total of 40 wells are planned by the end of 2008, targetting 2.1 billion barrells, with 4 wells being drilled in 2nd half 2006 all potentially company transforming

The other advantage Dana currently have to most of their peers is that they have no hedging in place so receive the full benefit from rising oil prices

ian was I think it's the middle of May you have to be holding them and you get the dividend in the middle of june.

Sorry fundamentalist. I was wrong. I think I meant by exploration that that is where a lot of their value should come from and where they're probably underpriced. But what I wrote sounds stupid. Well done on the figures you've posted.

Hmmm only 3 weeks since anyone's posted on this board, and that was me. I guess tlw must be mainly held by institutions by now. Of course since then it has enjoyed another decent rise, about 10% I think. Maybe a bit slow for most bb posters. Of course it could all come crashing down with a thud, but I like the way it keeps gently rising, not too worrying for the old coronaries. Another cracker is xta if you've got the balls. I'm not sure I have.

We're coming up for the exdividend date in a week I think, and as the price keeps going up the % of dividend should be rising too. Honestly though, I'm surprised no-one's responded to the news from merril lynch or morgan two weeks ago with their broker's note initiating coverage of the uk oil and gas sector, saying tlw was their favourite, with a short term target of 480. They then kindof corrobarated the IC's view and my calculation, that tlw had the potential in its assets to add another 900p to the sp. Yikes, ie. increase the sp by 3 times, I feel vindicated. Well, here's hoping but I'm not too worried on this one.

Oh, by the way the Naked Trader's bought more of this too.

Sorry, it would only increase the sp by 2 times. Oh what a fool I am!

I just wish I'd held on here instead of taking profits-been waiting for a fall to get back in but no chance so far!!

Moneyplus, what can I say?

I dont know if there'll be a fall or if it's safe enough to buy more. Really cant say.

sp of most shares pulls back during the summer but the sell in May brigade don't seem to have arrived so far! well done for staying in.

Thanks, more down to indecision and lethargy than anything else. I know what you mean about the notorious summer aphorism, but last summer the prices of oil mid and small caps rose throughout the summer if I remember. I guess it all depends on any finds, information tullow put out, eg. uganda? that's still meant to be coming out sometime and the underlying oil price. It's all about Iran I reckon. I can't see how there can be any good outcome to that but maybe if nothing happens for a while it'll deflate the oil price. I think Venezuela , with its large reserves, is another factor which is contributing to the uncertainty. Another govermnent, leader, who is ideologically opposed to America and is prepared to flex his oil muscles. I guess it was just inevitable after a while. America can't be everywhere at once.

Directors sold a few days before news of abandoned wells??? Oil had a v good run recently so due to let off steam and the catalyst seems to be yesterdays fall in US as a result of nervessnous over economy and commodity prices. Rocky times ahead!!!

Do you think I'm going to take seriously someone who can't even spell "nervousness"?? although, you might be right.

Do you think I'm going to take seriously someone who can't even spell "nervousness"?? although, you might be right.

Hey Ian, glad to see your moneyam's working again. But you're right tlw's chart does look pretty awful, although there's been more buys than sells today if that means anything, and yesterday or the day before I think, there were two buys at the same time of 1.5 million shares each that equates to about a 14 million pound buy if true, which is encouraging.