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.

With the Price-Earnings so high is TLW still worth holding or is it time to sell.

Loads of potential....there should be some info from Mauritania soon about the infills....for the moment hold !

strange that sp should remain so strong after resignation of FD .... have taken a decent profit here this morning, but am sure i shall be back in here and/or with PMO

I thought the same at first but then realised the FD is not going till end this year - so doesn't look like a sudden falling out with the company.

How do you describe this : Wowweeeee !

LONDON (Thomson Financial) - Tullow Oil Plc. said a 'significant' column of light oil has intersected at the Mahogany-2 well, which is being drilled to appraise the Jubilee field offshore Ghana.

The confirmation that Mahogany-2 is in communication with both Mahogany-1 and Hyedua-1, reinforces the company's interpretation that Jubilee is a major discovery and is likely to lead to a 'material' upgrade of current resource estimates, chief executive Aidan Heavey said.

Simply...well done TLW !

Looks like this will hit the 10 mark sometime before the autumn.

req,that looks a given. Have you noted a wee strirring at PVR today?

Yes hermana....drilling soon to start there !, there is nothing better than oilies at the moment !

Req,PVR is about more than just drilling. Wants production to be at 2000BOPD by beginning of 2010.

TLW flying this morning !, bid... offer all over the place here !...

Within sight of 10 !

took my profit here this morning, but for sure will be back in

Took some as well, not all though !.

bought more PMO with the proceeds

Well...out of one in to another that's the way to do it Cynic !

they are both companies i like ...... sometimes i even hold both .... actually topped up PMO with TLW proceeds on basis of broker upgrade and good drilling results ...... felt TLW had prob had a good enough run for the time being.

though it did not look such a smart move earlier, TLW now significantly below the 965 at which i sold

Yes, looking back I should have sold more....will stay put for the moment..oil now at $129 and rising....as long as it is rising this should prevent too many knock downs within the mid-caps.

oil cannot keep moving up for ever ...... it would not be surprising to see a very sharp and quite significant correction in the near future ....... obvioulsy oilies will then suffer, but it may well cheer up a number of other stocks