Tullow Oil plc is one of the largest independent oil and gas, exploration and production companies in Europe. Tullow Oil produces over 56,000 boepd, with a primary focus on UK Gas and West African Oil, underpinned by development projects in the UK, Africa and South Asia.

            Red = 25 day moving average.           Green = 200 day moving average.

TLW was on the bubble today, and now you know why ......

" Tullow Oil PLC said Heritage Oil, the operator of the Kingfisher-1 exploration well in Uganda -- in which Tullow is a 50 pct partner -- reported a test flow of 4,120 barrels of oil per day.
Tony Buckingham, Heritage's CEO said: 'The Albert Basin now looks increasingly like it has the elements to make it a world-class petroleum basin. The flow rates, even constrained by available completion and test facilities, far exceeded our expectations.'
The Kingfisher prospect is a very large structural high that is expressed at surface on the bed of Lake Albert. Seismic data indicate the Kingfisher prospect has an extent of up to 70 square kilometres."


That sp has also surged through 397 resistance will give additional impetus as chartists also jump in.

Great result from Kingfisher.

A very good rflow rate from a previously unknown target.

The rapid buying of blocks oppsite in the DRC arewa bit of a clue that this could be mahusive for Tullow, (and me).

DYOR I did and I'm still buying.

Have another one..........

News release


Tullow Oil plc - Nzizi-1 Exploration Well Update


13 November 2006 -Hardman Resources, the operator of the Nzizi-1 exploration
well in Uganda, in which Tullow Oil plc (Tullow) is a 50% partner, today issued
the following press release.


UGANDA: Exploration Area 2 Nzizi-1 Exploration/Appraisal Well


Since Hardman's last report, Nzizi-1 has been drilled to a total depth of 1,065
metres in a 6 3/4' hole. As at midnight on 13 November, wireline logs were
being run after having encountered oil shows across the target intervals.


Nzizi-1 is testing a structure up-dip of the Mputa discovery and was designed to
evaluate the equivalent oil bearing reservoirs intersected in the Mputa
structure. Nzizi-1 is situated approximately 5.5 kilometres to the southwest of
Mputa-2 appraisal well.

Just harping back to this RNS issued last week.

07/11/2006

7 November 2006 Hardman Resources, today issued the following drilling update on the Nzizi Exploration/Appraisal well in Uganda in which Tullow is a 50% partner.

Hardman Resources Limited (Hardman) provides the following update on its drilling activities:

UGANDA: Exploration Area 2 Nzizi-1 Exploration/Appraisal Well

At 2:00pm on 3 November 2006, the Nzizi-1 well was spudded in Exploration Area 2, Uganda, using the Eagle Drill-1 rig.

The well has been drilled to a depth of 358 metres in the 9 7/8 inch section and casing has been run. As at midnight 5 November, the operation was preparing to set the blow out preventer (BOP), following which the well will be drilled ahead to total depth of 1,030 metres.

Nzizi-1 will test a structure up-dip of the recent Mputa discovery. The well is designed to evaluate the equivalent oil bearing reservoirs intersected in the Mputa structure. Nzizi-1 is situated approximately 5.5 kilometres to the southwest of Mputa-2 appraisal well.


Any thoughts anyone?

i think TLW is a damn good share with plenty of upside regardless of what this latest rns may or may not imply

Good morning cynic.

I agree.

http://www.hdr.com.au/documents/news/00514_ASX%2016%20Nov%20-%20Nzizi%20Drilling%20Update%20and%20Chinguetti%20Reserves.pdf

"Exploration Area 2: Nzizi-1
Since the last report on the Nzizi-1 well, logging operations have been completed and pressure
measurements taken.
Good oil shows were encountered during drilling over a gross interval of approximately 180
metres, directly above basement, in a similar section to that encountered by the Mputa-1 well, 6
kilometres northeast of Nzizi-1.
Wireline logs and pressure measurements indicate an interbedded sequence of oil bearing
sands and shales. No fluid samples or testing operations were planned for this well as it was
drilled in a slimhole configuration and consequently it will now be plugged and abandoned.

The vote was 94% in favour.

Bye bye Hardman Resources.

http://imagesignal.comsec.com.au/asxdata/20061218/pdf/00679287.pdf

"UGANDA thinks that it and neighboring countries have discovered oil deposits large enough to rival those of some of the world's greatest petroleum producers, according to Uganda's Energy and Mineral Development Minister Daudi Migereko......"

The item is a good overview.

http://www.nypost.com/seven/01092007/business/oil_find_in_uganda_may_change_game_business_john_crudele.htm

Pinched from O&G board - ManSiarad was the poster.

an interesting article, but hidden in there ...... Much of this could be wishful thinking. ..... says it all!!

meanwhile TLW, along with the rest of the oil sector, is struggling with a (comparatively) low crude price ...... however, i am more than happy to keep holding them, along with the mariginally more speccy BUR, as in the fullness of time (6/12 months?), i am sure there will be plenty of upward scope

Well we broke through the 200 day ma convincingly, so where will it stop?

about 350 is my guess .... looks to be support there ...... crude continues to plummet, but as a quality stock and one that may even prove to be a t/o target, i think i shall stay with it

Latest Kingfisher -1 report.

......Kingfisher-1A well has been successfully cased to 2,502 metres and drilled to a depth of 2,962 metres.

New drilling in the deeper section has encountered three additional potential
oil-bearing zones totalling approximately 40 metres between 2,260 and 2,370
metres, evidenced by wireline logging and formation pressure testing. Planned
testing of these zones will follow completion of drilling, to a target depth of
between 3,000 and 4,000 metres, which it is estimated will take up to a further
45 days. Test equipment has remained on site in readiness for the testing..........."

now fingers crossed that sp can hold or even improve on this level

cynic is the crossing of the lines, if it happens, called a golden cross?

Morgan Stanley (NYSE: MS - news) has resumed coverage of Tullow Oil (Dublin: TQW.IR - news) , appending an overweight recommendation and a 450p target.

and

http://www.hemscott.com/news/latest-news/item.do?newsId=38534446586491

Tullow Oil shares were also in fine fettle, adding 22 pence to 398 on news it had found hydrocarbons at the Kingfisher-1A well...

In response, Merrill Lynch reiterated its 'buy' advice on the UK oil group and said it has increased its net asset value (NAV) by a conservative 32 pence a share to 428 to reflect this news, while recognising a further material Ugandan NAV increase is likely in the coming months as Tullow conducts further appraisal work on its five discoveries.

The broker said it believes this work will likely both materially increase existing Ugandan reserve estimates and further de-risk the company's large inventory of un-drilled Lake Albertine leads and prospects.

The broker added it has raised its price target on Tullow to 470 pence.

not in this instance .... golden cross is when both 50 and 200 dma (typically) are on upward trend ..... whoops .... will post chart with 50+ 200 .... above is 25 + 200.

here you are .... comment is still the same ..... both dma's are tracking pretty neutral ..... but i like the fact that rsi is also still very neutral

thank you

Tullow upgraded to "buy"

Friday, February 16, 2007
Goodbody Stockbrokers

LONDON, February 16 (newratings.com) - Analyst Gerry Hennigan of Goodbody Stockbrokers upgrades Tullow (TLW.ISE) from "add" to "buy." The target price has been raised from 425p to 460p.

In a research note published this morning, the analyst mentions that the companys FY06 pre-close statement indicates that earnings are likely to be 12% higher than was earlier expected. Tullows FY07 total NAV estimate has been raised by 11%, the analyst says. The Hardman deal has lead to an increase in the companys exploration portfolio.