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!

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%.

StockMarketWire.com
Tullow Oil has narrowed its FY after-tax loss to $597.3m, after write-offs and impairments, from a year-earlier loss of $1.04bn.

Sales revenue was $1.3bn, from $1.6bn.

"The clear highlight of 2016 was delivering Ghana's second major oil and gas development, the TEN fields, on time and on budget," said CEO Aidan Heavey.

"Production from TEN, alongside our other West African oil production, has provided Tullow with positive free cash flow and enabled us to begin the important process of deleveraging our balance sheet," he added.

Heavey said that as Tullow focused its free cash flow primarily on reducing debt, capital discipline remained critical.

"We have made excellent progress with our East African developments and are building a high quality exploration portfolio to grow our business."

OPERATIONS HIGHLIGHTS:
- West Africa net working interest oil production, including production-equivalent insurance payments, averaged 65,500 bopd in 2016 and in 2017 is expected to average between 78,000 and 85,000 bopd.

- TEN development delivered on time and on budget in August 2016; 2017 gross forecast of 50,000 bopd. Drilling is expected to resume in 2018 after the ITLOS ruling which is expected in late 2017.

- Jubilee field 2017 net production forecast of 36,300 bopd, including insured barrels; Turret Remediation Project making good progress with costs being offset by insurance payments.

- Uganda deal provides upfront cash and deferred payments to cover upstream and pipeline capex to first oil and beyond.

- Kenya exploration and appraisal programmes continue to support resource growth; Erut-1 oil discovery de-risks additional prospects in the north of the South Lokichar Basin.

- New Ventures activity delivers acreage in Zambia and Guyana; 2017 activity includes high impact Araku-1 well in Suriname and seismic campaigns in Mauritania, Kenya, Ghana, J

i admit to being a financial moron, but TLW's numbers don't look all bad to me given the torrid time the company has been through in the last couple of years

my view, probably wrong, is that this morning's dip is a case of "sell on the news", thus presenting a reasonable buying opportunity, though not for significant profit over the next month - ie tuck 'em away

=============

so i did at 283.2

The trend seems to be very slowly 'up' and with the increasing price of crude, I would do the same if I had some spare cash. Next set of figures should be even better, barring anything unforeseen.

Still falling but more slowly today but a drop of around 5p a day has been the norm

another 5p fall, as the oil price spike down late on the day

15 minutes delay

Fri 12:32, 17/02/2017

re - Time for a bounce

259p and 261 are the magic numbers, bought some at 259.2p

Has had a large retracement Fibonacci 78.6% and looks like it wants to bounce at the same time from the 200 days MA. Order book has been strong on the bid side since 11am

268p +8.70 (+3.36%)

It seems like the right time for the bounce today the fall last Friday was smaller and was bouncing from the 259p and 261 magic numbers.

A marked up from the start of the day and holding with the gains since as the Oil price rise is helping with the bounce

No matter what these nearly always bounce back.

278.20p +9.20 (+3.42%)

The bounce goes on on another strong day, well help by the OIL price on the rise this morning

280p should be well on side today at this rate as the order book at the moment is strong on the bid side though it does change very often just like now.
DEPTH 119 v 100

271.70p Change: 2.10 (+0.78%)

There was some profit taking last week once it reached that round figure 280p

Yesterday's oil price did get the share price moving higher and today has continued with the rise, though the oil price is today falling.
Nevertheless is one of a few on the rise today on the oil sector
Order book keep changing from being strong (275p )on the bid side to weak just now
DEPTH
110 v 132