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.

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

Possibly, it is bound to happen ...I'm praying that I will be able to get out beforehand.....never have had much luck when things like that happen, I seem to be busy with something else when the market goes pear shaped all of a sudden !, but let's keep an eye on the gulf of mexico and hurricane warnings....oh boy ! that would add some spice to the game !

2 stocks to keep an eye on : SIA (well testing due soon) and JKX (momentum building).

Not sure which way TLW is going to go...it's up now but ....head and shoulders graph ....in the making ?.

There could be a sudden pullback to the 850p region....I might be wrong but there is resistance just above 920p....could complete the head and shoulders formation.

it's a damn good company ..... i tend to switch between TLW and PMO, currently holding the latter.