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!

Good morning Cynic - congrats on calling the bounce with TLW. Am continuing to hold my core holding in VOG. I am happy to wait and see with FEP. Am obliged to hold for a month anyway thanks to compliance regs imposed on banking employees.

Seen SOLA this morning? Very gratifying.

don't tell anyone and certainly not the bank, but perhaps i should act as your nominee ..... the bank would then never know if you held for less than a month! (yes; lol!)

SOLA is certainly doing the biz ..... haven't got many, but may accumulate

LOL - not a bad suggestion! If you could combine it with some sort of tax-avoidance scheme then I might just be up for it!

How about we form a company in the Cayman Islands?

Dubai is easier for me to get my hands on the money as i go there on biz

Perfick - I wasn't aware that Dubai enjoyed the same status.

probably for certainly a lot of EE working girls arrive in Europe through that route, and equally certainly a lot of Russian money is spent (laundered!) there

And then the working girls wind up in Frankfurt!

Strange things happen in the Emirates. They employ a lot from poor Asian regions, doing things like sorting secondhand clothes for peanuts, according to a documentary I glimpsed last week.

Oh well, at least I know where to go to get my money laundered.

And in a transparently-thin attempt to get back on-thread: TLW Bid: 359.5p Offer: 359.75p Change: 10.25 ;o)

we always look at wages paid through wealthy european eyes or similar ...... nearly all work in saudi gulf area is performed by imported labour ..... the (more) skilled end is usually european or indian, while the more menial jobs are done by philipinos or other asians ..... they are not dragged there! .... they volunteer because the wages paid are a lot higher than they would get at home.

a similar analogy is in south africa where similar stones have been thrown and/or the living conditions in the townships are railed against .... however, one of south africa's big problems is an almost uncontrollable influx of peeps who find the quality of life, even in the townships, infinitely "softer" than that at home

You may well be right - wasn't trying to grind an axe, just more amazed at what goes on out there that we have no idea about.

I get far more P.O.'ed about the fact that some towns in Germany have 25% unemployment, with almost 5 mil jobless in the whole country - can't believe the Govt wants to pay the long-term unemployed about 400 per month and you only get your rent and bills paid if you have less than about 2,500 savings. talk about a poverty trap!

that was always the inherent and hidden problem when East and West came back together

new money into PMO or TLW (if either) ......

PMO
has developed a bad habit of drilling dusters, and has been whacked accordingly and deservedly.
sp is now recovering, but (good news, bad news) still below though starting to challeng all key DMAs.
surely PMO can't keep drilling dusters - or can they?

TLW
though they recently plugged a well, it was not important to them in the scale of things ..... i think their major project(s) are west africa and uganda.
TLW sp has surged through a potential stern resistance of late, but does it have more puff?

Does anyone know why TLW is dropping so fast?

I think because oil reserves are piling up in US and demand is lower now.

and crude (nymex) is also under pressure, at least for the moment

Most Oilers and Miners getting a slapping at the moment.

Meanwhile, Merrill Lynch cut its 2009 oil price forecast to $90 a barrel from $107 a barrel and warned that a "synchronous global recession" could bring oil prices to $50 a barrel. It said U.S. oil demand is far outpacing its decline expectations, European demand is falling rapidly, and some of the emerging markets aren't keeping up either.

$50 is very good. Inflation will drop then.

Is it worth buying TLW at the current price now if overall the price of oil is going down?

prob not, except for the long haul ...... PMO may be a better bet, though they have got into the bad habit of drilling dusters of late

thanks cynic