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!

Morgan Stanley today initiates coverage of Tullow Oil PLC (LON:TLW) with a equal weight investment rating and price target of 322p.

StockMarketWire.com
Tullow Oil (TLW) said 2016 capital expenditure guidance remains at $1 billion with further savings being offset by additional capex associated with the Jubilee turret issue, ahead of potential insurance payments and the start of a new drilling campaign in Kenya.

PRODUCTION UPDATE
In the first half of 2016, Tullow's West Africa working interest oil production averaged 51,900 bopd.

This is below previous guidance due to lower production from the Jubilee field in Ghana, following issues with the FPSO turret identified in February.

This resulted in an extended shut down period in April while new offtake procedures were implemented to enable the Jubilee field to restart in early May.

Production has gradually been ramped up since then, with gross production in June averaging around 90,000 bopd.

The Group expects to continue producing from Jubilee at similar levels through the remainder of 2016 with the exception of short periods of reduced production to commence work on the long-term turret solution.

As a result, Jubilee gross average production in the second half of 2016 is expected to be around 85,000 bopd (net: 30,200 bopd).

Tullow therefore expects average gross production for the Jubilee field in 2016 to be around 74,000 bopd (net: 26,300 bopd).

As a consequence, Tullow's West Africa oil production guidance range is revised to 62-68,000 bopd net.

Tullow however has a comprehensive package of insurances in place which includes Business Interruption insurance which covers consequent loss of production and revenue from Jubilee.

In Europe, working interest gas production for the first half of 2016 was above expectations averaging 6,800 boepd. Full year guidance has been revised to 6-7,000 boepd.

Investors don't seem too impressed with this.....down 15%.
"StockMarketWire.com
Tullow Oil confirms the launch of an offering of $300m of Convertible Bonds due 2021.

The proposed Convertible Bond Offering will further diversify Tullow Oil's sources of funding and the proceeds will be used for general corporate purposes and to fund capital investment in the Group's assets in West and East Africa.

CFO Ian Springett commented:
"The proposed Convertible Bond issue will further diversify Tullow Oil's sources of funding and give the company access to a new investor base.

"As per our most recent trading statement, our focus will continue to be on strengthening the balance sheet and deleveraging the business."

StockMarketWire.com
Tullow Oil says Tullow Oil Norge AS has completed drilling of the exploration well 16/5-6 on the Rome prospect in production licence PL776 in the Central North Sea. The well did not encounter any hydrocarbons and will now be plugged and abandoned.

The well was drilled to a total vertical depth of 2,319 metres below sea level by the semi-submersible Borgland Dolphin rig in a water depth of 98 metres.

Tullow Oil Norge AS has a 40% operated interest in licence PL776 with Concedo, Wintershall and Petoro each holding 20%.

Goldman Sachs today upgrades its investment rating on Tullow Oil PLC (LON:TLW) to buy (from neutral) and set its price target at 270.90p.

Morgan Stanley today reaffirms its equal weight investment rating on Tullow Oil PLC (LON:TLW) and cut its price target to 312p (from 322p).

Why I expect Tullow Oil (LSE:TLW) to keep collapsing! - By Motley Fool | Mon, 11th July 2016 - 07:20

Shares in Tullow Oil (LSE:TLW) have fallen 19% during the past week, and I believe fresh weakness could be just around the corner. As if Brent's slide from the $50-per-barrel marker wasn't bad enough, a disappointing set of releases during the past week has tested investor patience still further.

Tullow started the ball rolling by advising that production problems in Africa will drive regional full-year output to 62,000-68,000 barrels per day for 2016. This is a significant markdown from the previous 73,000-80,000 barrels estimate.

And it worried the market this week after launching a $300m convertible bond auction to bolster its balance sheet. This is the latest step Tullow Oil has taken to mitigate weak oil values -- the company's debt ballooned to $4.5bn as of April, up from $4bn at the start of the year.

Even though Tullow's TEN project is expected to produce maiden oil any time now, the probability of sustained crude weakness is likely to keep the company under severe pressure, in my opinion.

And a huge forward P/E rating of 78.7 times leaves plenty of scope for further share price weakness, in my opinion.

Jefferies International today reaffirms its underperform investment rating on Tullow Oil PLC (LON:TLW) and raised its price target to 175p (from 166p).

Deutsche Bank today reaffirms its hold investment rating on Tullow Oil PLC (LON:TLW) and cut its price target to 240p (from 250p).

There is plenty of support for the stock this morning with a rise of over 6% and volume despite the oil price being lower.

Has been left behind after recent bad news

Oil is due to begin flowing from the Tweneboa-Enyenra-Ntomme deepwater project in August and the first customer will be Royal Dutch Shell, which is due to ship 650,000 barrels from the field at the end of August.

The start of operations in the Ten field, 45km off the coast of Ghana, will mark a turning point for the UK-based Tullow, which has pressed ahead with the $4bn project in the teeth of falling oil prices and rising debts. The company launched a $300m convertible bond offering this month to increase financial headroom.

Net production from Ten is expected to be 80,000 barrels per day once it reaches full capacity around the end of this year, representing a 60 per cent increase in Tullow’s output.

The project was conceived during the boom era of $100-a-barrel oil and Mr Heavey admitted it would have been much harder to get off the ground today, with prices at around $45 a barrel. But with most of the capital expenditure out of the way, he said, Tullow would now reap the benefits of a large and productive field with expected operating costs of $8-9 a barrel — about half the level of mature UK fields.

“We’ve now got a business fit for the new oil price environment,” Mr Heavey added.

Shares in Tullow have fallen by 86 per cent since 2012 but they spiked by almost 6 per cent on Wednesday to 210.5p as the positive progress report on the Ten field was accompanied by stronger interim results than expected.

The Africa-focused company reported a net profit of $30m in the six months to June 30, compared with a $68m loss in the same period last year, and much better than analysts’ consensus forecast for a $196m loss. The positive results were aided by aggressive cost-cuts and came in spite of a shutdown at Tullow’s Jubilee oilfield in Ghana in April.

Al Stanton, analyst at RBC Capital, said: “Tullow is turning a corner, albeit with a few bumps on the way, but the share price drop below 200p has provided investors with an opportunity to buy stock in a portfolio that includes sizeable stakes in world-class projects.”

i followed this one faithfully for many years and got my fingers burned ultimately
however, i have always kept it on my watchlist and it's certainly time it came right once more, though it may be some time yet

Hopefully a return to the good old days with this one now!!!

Barclays Capital today reaffirms its overweight investment rating on Tullow Oil PLC (LON:TLW) and cut its price target to 310p (from 320p).

Credit Suisse today:
"Tullow Oil's (downgrade to Neutral, from Outperform, TP 240p from 300p) ability to deleverage is largely linked to whether it can divest a stake in Uganda, and while we think the market is overly pessimistic about its ability to sell-down given Total's interest in driving the project forward, there is limited upside, given the share price implies oil prices of ~$68/bbl."

StockMarketWire.com
Tullow Oil has confirmed a gas discovery on the Cara prospect in licence 636 in the Norwegian North Sea.

Tullow said the well was drilled to a total depth of 2,702 metres in 349 metres of water, 6 kilometres northeast of the Gjoa field.

The well encountered a gas column of 51 metres and an oil column of 60 metres with the operator estimating between 25 million barrels of oil equivalent (boe) and 70 million boe have been discovered.

Extensive data acquisition was undertaken including wireline logging and three successful core runs and a successful production test. The partners will now evaluate the possibility of linking this discovery to existing infrastructure at the nearby Gjoa field.

ENGIE E&P Norge AS is the operator of licence 636 with a 30% stake. The other partners are Tullow Oil Norge AS (20%), Idemitsu Petroleum Norge (30%) and Wellesley Petroleum AS (20%).

StockMarketWire.com
Tullow Oil confirms the successful completion of the six-monthly redetermination of its Reserve Based Lend (RBL) facility.

The debt capacity generated by the asset base remains in excess of commitments and, following the scheduled amortisation at the beginning of October, available credit under the RBL is now $3.3 billion.

Tullow also confirmed that it has secured $345 million of new commitments from its existing lenders by exercising an accordion facility embedded in the existing RBL which will take effect from 1 April 2017.

The new commitments will largely offset the impact of the scheduled amortisation in April 2017 and will ensure Tullow has appropriate headroom throughout 2017 as it refinances its bank facilities.

Overall, Tullow's capital commitments have reduced substantially following the completion of the TEN Project.

During the fourth quarter, the Group will be generating free cash flow from its producing assets and can start paying down its debt.

At the beginning of October, and excluding the additional commitments above which take effect next year, the Group has free cash and unutilised debt capacity of $0.9 billion with no near term maturities, and overall net debt of approximately $4.7 billion.

at long last, TLW is starting to look like a decent company once more
i already hold some in my sipp, but could easily be tempted to top up
not sure that there are quick profits to be made on a trading position

Goldman Sachs today reaffirms its sell investment rating on Tullow Oil PLC (LON:TLW) and cut its price target to 221p (from 221.80p).

Jefferies International today (09/01/17) reaffirms its underperform investment rating on Tullow Oil PLC (LON:TLW) and raised its price target to 250p (from 197p).

Operational update:

http://www.moneyam.com/action/news/showArticle?id=5477958

11 January 2017 - Tullow Oil plc (Tullow) issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2016. This is in advance of the Group's Full Year Results, which are scheduled for release on Wednesday 8 February 2017. The information contained herein has not been audited and may be subject to further review and amendment.

This morning Tullow has also issued a release on Board changes. The Group will host a conference call for Investors and Analysts today at 09:00 UK time. Details for the call can be found at the end of this statement.

COMMENTING TODAY, AIDAN HEAVEY, CHIEF EXECUTIVE SAID:
"2016 was another tough year for the oil & gas sector and for Tullow. However, the Company showed exceptional resilience and strong operational performance to deliver TEN on time and on budget; to deal with the technical issues at Jubilee; make good progress in exploration and development in East Africa and begin the process of reducing our debt from free cash flow. Tullow is therefore now very well placed to take advantage of the opportunities that conditions in the sector offer. We took action early to deal with lower oil prices and we are now benefitting from the re-set and re-structured business that we created. Our $900 million farm-down in Uganda this week is clear evidence of the commercial attractiveness of our East African portfolio and our ability to manage our assets according to the strategic and financial needs of the business."

StockMarketWire.com
Tullow Oil said the Erut-1 well in Block 13T, northern Kenya, has discovered a gross oil interval of 55 metres with 25 metres of net oil pay at a depth of 700 metres.

The overall oil column for the field is considered to be 100 to 125 metres.

The objective of the well was to test a structural trap at the northern limit of the South Lokichar basin.

The Erut-1 well was drilled ten kilometers north of the Etom-2 well and shares important characteristics. Fluid samples taken and wireline logging all indicate the presence of recoverable oil.

Erut-1 successfully shows that oil has migrated to the northern limit of the South Lokichar basin and has de-risked multiple prospects in this area which will now be considered in the Partnership's future exploration and appraisal drilling programme.

The PR Marriott Rig-46 drilled the Erut-1 well to a final depth of 1,317 metres and will now move to the southern part of Block 10BB where it will spud the Amosing-6 appraisal well.

Tullow operates Blocks 13T and 10BB with 50% equity and is partnered by Africa Oil Corporation and Maersk Oil both with 25%.