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!

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.

Thats probably the worst of the falls over..... but if the main driving force for the footsie has been oil and mining then if they dont recover strongly what will be the impetus for a foreward move ? I think it will be months rather than weeks to regain recent levels.

it's coming back a bit now. We will see if it isn't a dead cat bounce.

Markets seem a bit more settled now and Tullow had good news in Uganda so barring a bit of a pullback after this recent rise I think it looks like heading north again. A good buy at 350p (currently 370p).

current level of 397 is also an interesting and potential chart breakout level ..... very good company too

Announcements
A$1.47 Billion Recommended Offer for Hardman Resources from Tullow (25 Sep 2006)

Hardman today announced that it has entered into an agreement with Tullow Oil Plc for the proposed acquisition by Tullow for all of the shares in Hardman.

Sold out of Hardman few weeks go as frustrated with SP but as a holder of Tullow I am well pleased and consider Hardman to be a great purchase.

am half tempted to buy further at these levels, for without question, Tullow is a first class company .... however, it is very debatable whether one should be putting new money into any commodity share just at the moment

while all you guys going fishing for minnows (FEP!), think longer term and the probable consolidation among the oilies.

there is no question that oil reserves are falling and not being replaced with significant new finds.

do you accept that the likes of BP or Shell are stuffed full of cash?
if so, are they more likely to take out a minnow or a decent sized company with very significant and proven reserves, especially if the target's sp has been overly walloped by a weaker crude price or, in the case of TLW, have made a smallish acquisition which may be in a a tricky area, but is at least as likely to come up trumps?

remember that a weak sp could easily make those proven reserves much cheaper to buy than to go into the field to drill an expensive hole that may or may not prove productive.