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!

If the bottom of the oil price has been reached, some of these oilers might be worth watching, though presumably their next set of figures are going to be dire, due to the low oil price. Just depends on how forward looking the market is, imo.

RBC note:
"Ahead of next week’s maintenance shut-in, and a change in offloading procedure to help address issues associated with offloading without the ability to weathervane the FPSO, Tullow as operator of the Jubilee field has declared force majeure on two crude cargoes, Reuters reported yesterday. This two-week shut-in is reflected in the participants’ FY16 production guidance of ~100,000b/d (gross). Given the logistics involved in a material work-over campaign, we do not expect the issues associated with the turret system to be resolved during this shut-in. Assuming an unscheduled maintenance shut-in later this year, we would note that Tullow as operator has hull and machinery insurance for the joint venture while the individual participants have their own loss of production insurance."

StockMarketWire.com
Tullow Oil said the Cheptuket-1 well in Block 12A, Northern Kenya, has encountered good oil shows, seen in cuttings and rotary sidewall cores, across an interval of over 700 metres.

Cheptuket-1 is the first well to test the Kerio Valley Basin and was drilled by the PR Marriott Rig-46 to a final depth of 3,083 metres.

The objective of the well was to establish a working petroleum system and test a structural closure in the south-western part of the basin.

The strong oil shows encountered in Cheptuket-1 indicate the presence of an active petroleum system with significant oil generation.

Post-well analysis is in progress ahead of defining the future exploration programme in the basin. As previously advised, the PR Marriott Rig-46 will now be demobilised.

On the back of the encouraging Cheptuket-1 and successful Etom-2 results further exploration activities are being evaluated.

Tullow operates Block 12A with 40% equity and is partnered by Delonex Energy with 40% and Africa Oil Corporation with 20%.

Liberum summary:
"Tullow Oil has announced that the Cheptuket-1 well in Block 12A, Northern Kenya, (Tullow 40%) has encountered good oil shows, seen in cuttings and rotary sidewall cores, across an interval of over 700 metres.

This is the most significant well result to date in Kenya outside the South Lokichar basin. Cheptuket-1 is the first well to test the Kerio Valley Basin. Encountering strong oil shows across a large interval is encouraging. Tullow is already working on follow-up exploration plans for the Kerio Valley Basin.

It appears that Cheptuket is not commercial on a standalone basis. So no change to our 170p valuation or numbers. Hold".

Has been going side ways for some days, compare with the rest of oil stocks rising
Want to see the main reason on the chart.
Back in mid February I did managed a 12% gain 170p buy to 192p sell, in just over 2 weeks, now could be time to get some again @ 198.70p

Got some at 200.02p, as I realised that the share price is ready to move forward, on looking at the Indicators all rising
at this point and MACD ready to cross over "0" and divergence, much similar as back end of February
The 50MA is rising fast and with time will cross over 200MA, creating a Golden Cross. Also to note share price moving over 200MA.

Was is well timed?

a GAP up at the start of the day and already to 214.30p +11.40p (+5.64%) on just 1 hour of trading

A better finish 225.50p +23.20 (+11.47%)

and a huge volume 14.50M

IG reckoned 23.5m!!!

wouldn't it be lovely in someone was prepping a bid ....... fat chance!

JP Morgan Cazenove today reaffirms its overweight investment rating on Tullow Oil PLC (LON:TLW) and cut its price target to 290p (from 305p).

I am out as the top BB was reached and oil prices are on the way down since yesterday

Worth considering the below.
-------------------------------

By Dmitry Zhdannikov and Henning Gloystein

LONDON/SINGAPORE, April 15 (Reuters) – Oil prices fell on Friday in thin trade as analysts said a weekend meeting of major oil exporters would do little to help to clear global oversupply quickly, even though it would provide a floor for the market.

Oil producers led by top exporters Saudi Arabia and Russia will meet in Doha, Qatar, on Sunday to discuss freezing output around current levels in an effort to contain a glut exacerbated by production that exceeds demand by about 1.5 million barrels a day.

It would be the first joint action by major OPEC and non-OPEC producers in 15 years, though Iran has refused to participate, saying that it wants to rebuild its output to levels achieved before imposition of the recently lifted economic sanctions.

"Momentum is building behind an agreement that likely excludes Iran (and potentially Libya). While there will likely be little effect on the physical market an agreement would represent an important psychological shift in setting oil prices," investment bank Jefferies said on Friday.

Brent crude futures were down 2 percent at $42.93 by 1330 GMT. U.S. West Texas Intermediate (WTI) futures were also down 2 percent, trading at $40.63, having lost as much as 3 percent earlier in the day.

Yet with discussions among producers focusing on freezing output rather than cutting it, most analysts said they had little hope for a deal that reduces the global oversupply.

The glut has pulled down crude prices by as much as 70 percent since mid-2014.

"The Doha meeting does not materially change the oil market balances," Barclays said.

"If recent supply-side fundamental support holds and the market's expectations for a credible statement and commitment are met, the meeting could help prevent prices from falling back to the low $30 range." Consultancy Petromatrix said it saw the Saudis as a G20 member pushing for a deal to freeze output because both the IMF and the U.S. Federal Reserve are growing increasingly impatient about low oil prices.

"Saudi Arabia has already frozen production at January levels and it now needs other countries to make some concessions," said Olivier Jakob, of Petromatrix.

"Otherwise it fears that it will be forced by the G20 and its international institutions to cut production to stabilise oil prices – and cutting production is something it does not want to do as Iran comes back." Energy consultancy Wood Mackenzie said that even if a deal is agreed, it does not expect a genuine freeze to occur during the remainder of 2016.

Instead, Wood Mackenzie said it expects OPEC output to rise by 0.5 million barrels per day year on year in 2016, with most of that growth coming from Iran and Iraq, both of whom have indicated plans to increase output this year.

at the close ......

PMO and TLW
interesting ....... both have traded huge volumes, 21m and 20.5m respectively and both are also nicely up, 6.5% and a more modest 2% respectively

RBC Capital Markets today reaffirms its outperform investment rating on Tullow Oil PLC (LON:TLW) and raised its price target to 290p (from 260p).

wake up you guys
despite a pretty cautious trading statement, sp is +11% today and with 15m traded - far heavier than usual

I'm well awake ,but just watched them go up over the last few weeks .

keep gazing in admiration then :-)

just sorry i sold the ones in my sipp a few weeks back

Goldman Sachs today downgrades its investment rating on Tullow Oil PLC (LON:TLW) to neutral (from buy) and cut its price target to 274.30p (from 305p).

Chart analysis: Oil and Tullow
By Alistair Strang | Wed, 4th May 2016 - 10:24
Tullow Oil

We last talked about Tullow (TLW) in public in March last year when we'd speculated about weakness to 268p, with secondary 79p if the share managed below such a level. Visually, it appears 115p was as close as the price intended to our 79p and, hopefully, this indicates some strength. Better still, the share has recently managed to better the blue line on the chart, which, from our perspective, totally trashes our argument for a ridiculous 79p bottom.

Don't get us wrong, we're not oozing confidence about price recovery, but the share has moved from "going down" to "not going down" territory. Additionally, gymnastics against Brent's price, which we cover below, are liable to wreak havoc against oil sector shares.

For now, we shall pretend confidence against Tullow unless it manages to close a session below 230p. This would be a bad thing, taking the share price below the blue line and into a position where negative market sentiment can produce enhanced weakness.

But from a chart perspective alone, closure now above 280p is going to be a pretty strong signal from upward oomph toward an initial 398p. Then things get a little awkward, as there's no doubt the market shared a fascination with this price level through 2014 and 2015.

It would be daft not to again anticipate some stutters if the price is fortunate enough to experience some proper growth. As we're taking an optimistic viewpoint, we can admit our secondary above 398p is a pretty useful 590p.

Now for the caveat. If Tullow's price performs the same shenanigans as Brent Crude, it is in grave danger of breaking below "blue" again and experiencing reversal - again - to the 200s. As a result, it's probably worth keeping an eye on the price of crude in conjunction with our report.

Brent crude revisited

When we viewed Brent on 29 April, we'd added our last paragraph simply due to the risks when a big trend is broken. We're quite serious when we warn things generally need a couple of days to define what's coming and Brent, perhaps unfortunately, has shown the benefit of experience. The product, indeed, was forced below the trend, quite accurately, rather spoiling our hopes for $49 initially with secondary $55.

Of course, our second problem is that we now need to wait a day or two to again try and figure out what the market intends. We received a semi-funny email, questioning if:

"Some bloke in London got back from the holiday weekend, saw what had happened to Brent crude and said 'nope'. Then he gapped the price back below the trend."

It would certainly explain a few things if this level of paranoia were true, but, realistically, all that happened is the price was slowed down. If any reversal actually has strength, near-term below $44.6 is supposed to find an initial $42.85 with secondary, if broken, at $41.1.

If triggered, the price must exceed $47.15 to scupper the drop potentials, so there's the stop-loss point. The bigger story comes if the drop targets are broken because, once again, Brent is in dangerous territory and $37.3 looks viable, as does the secondary at a longer term $29.4.

I feel TLW is too expensive at 230p now