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Stock to watch for the medium term (TLW)     

ranaweeram - 19 Dec 2003 17:29

draw?size=Pocket&startDate=19%2F12%2F03&draw?size=Pocket&startDate=15%2F12%2F03&draw?size=Pocket&startDate=19%2F11%2F03&draw?size=Pocket&startDate=19%2F11%2F03&draw?size=Pocket&epic=TLWdraw?size=Pocket&startDate=19%2F12%2F83&

Bought at 76.75. Awaiting for 92.07.

johnho - 23 Aug 2004 22:45 - 9 of 20

The following information should be of interest to holder`s of TLW, having regard to TLW`s 11% interest in the M`Boundi field (where Maurel & Prom have a 54% interest and Burren Energy have 35%).


Maurel & Prom press release (extract roughly translated from) - 17-8-2004

CONGO: SUCCESSES OF THE WELLS M' BOUNDI 802 AND 105.
New significant extensions of the oilfield to the east and the south.
Output of approximately 15000 b/d.

Extending the south-eastern part of the oilfield as known to date, the well M'Boundi 802 shows the existence of a reservoir VANDJI B of more than 50 metres without presence of gas. Altogether 117 metres of reservoir were recognized by including VANDJI C which confirms the excellent growth potential in the eastern part of the structure. In the south of the structure, the well M'Boundi 105, met reservoir VANDJI C as envisaged, and also confirms an important widening of the oilfield.

In terms of production, and in spite of the provisional stopping up of well 801 because of an important source of gas found in this well, the delivery of wells 802 (3400 b/d) and 105 (2200 b/d) takes the production of Maurel & Prom in the Congo to roughly 15000 b/d in conformity with its objectives.

This rapid increase confirms the capacity of the company to achieve its goal of 20 to 25000 b/d at the end of the year, (and) to even exceed it depending on the results of the wells to come. Drillings in progress will make it possible to accelerate the delineation of the oilfield towards the east (M'Boundi 702), the south (M'Boundi 106) and the west (M'Boundi 901).


seawallwalker - 10 Sep 2004 07:53 - 10 of 20

Energy Africa 20% is a wholey owned subsiduary of Tullow Oil


Hardman Resources Limited
10 September 2004

STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 10 September 2004

CONTACT: Scott Spencer (08 9321 6881)

RE: MAURITANIA DRILLING PROGRAMME UPDATE


Hardman Resources Ltd ('Hardman' or 'the Company') is pleased to provide the
following information on the 2004 drilling programme offshore Mauritania.

As previously advised, two drilling vessels, the 'West Navigator' and the 'Stena
Tay' have been contracted to carry out the forthcoming drilling programme,
working in tandem and operating in water depths ranging from 300 metres to 1,700
metres. Both vessels are currently in transit and the 'West Navigator' is
expected to arrive on location on or about 11 September and the 'Stena Tay' is
expected to arrive on or about 15 September.

As previously reported the drilling programme is currently planned to include up
to twenty one wells, including a total of six exploration wells in PSC's A, B
and Block 2, four appraisal wells on the Tiof discovery and eleven Chinguetti
development wells. The final prospect selection and well drilling sequence will
be subject to change dependent on continuing technical work, initial drilling
results and operational issues. The presence of the two rigs also allows for
'batch drilling' wells - whereby one rig performs the same operation on a number
of wells in sequence rather than drilling a single well from top to bottom. The
second rig would then drill or complete the next section. The rigs work most
efficiently in this manner and this can result in very significant cost savings.

The programme is expected to begin with the 'West Navigator' drilling and casing
the 'top hole' sections on the Dorade-1 (PSC-2), Capitaine-1 and Tevet-1
exploration wells and a Tiof appraisal well (all in PSC B) before moving to the
Tiof-3 appraisal well which will then be drilled to total depth. The 'top hole'
section on these wells varies from approximately 600 metres to 1,000 metres of
drilled hole.

The planned Tiof appraisal programme includes 3 firm wells and a contingent
fourth appraisal well, subject to additional seismic and technical studies. We
expect that the Tiof-3 well will be completed and flow tested in a similar
manner to the successful Chinguetti 4-5 Early Development Well ('EDW').

To maintain the Chinguetti field development schedule and because of the late
arrival of the rigs, the 'Stena Tay' will, on arrival, drill a Chinguetti water
injection well before beginning the exploration programme. The 'Stena Tay' will
then move to the Tevet-1 well,which because of its proximity to Chinguetti is
now expected to be the first exploration prospect to be drilled to total depth.
We then expect the 'Stena Tay' to move to other exploration wells while the
'West Navigator' continues work on the Tiof programme.

Hardman intends to report progress of the drilling programme in its regular
weekly release every Tuesday morning with special releases as required.

Interests in the three production sharing contract areas that will be drilled
are:

Company PSC A PSC B PSC C2
Woodside group companies (operator) 53.846% 53.846% 48%
Hardman group companies 24.3% 21.6% 28.8%
BG group companies 13.084% 11.63%
Premier group companies 9.231%
Fusion Mauritania A Ltd* 4.615%
ROC Oil group companies 4.155% 3.693% 3.2%
Energy Africa 20%
* Premier has 29.9% interest in Fusion Mauritania A Ltd



SCOTT SPENCER
DIRECTOR

seawallwalker - 13 Sep 2004 08:16 - 11 of 20

Tullow Oil reported that its interim pretax profit jumped 51%, above analysts' expectations, helped by the completed acquisition of Energy Africa Ltd.

The company said it plans to pay an interim dividend of 0.5p a share after not paying an interim dividend last year.


Nice above expectation results this morning, and what happens to the share price?

It drops!

Short term IMO.

Here is a summary if anyone has missed the RNS.

13 September 2004

Tullow Oil plc Unaudited Interim Results to 30th June 2004
Highlights

Tullow Oil plc announces its Interim Results for the period ended 30th June 2004.



Tullow Oil is an independent oil company with interests in the UK, Africa and South Asia. During the period, Tullow completed the acquisition of Energy Africa Limited and 50% of Energy Africa Gabon for a total headline consideration of $570 million.



The results of Energy Africa have been consolidated with effect from 28 th May 2004 and accordingly one month of revenue has been reflected in the Interim Results.

Strong First Half Performance
Turnover increases by 16% to 76.5 million (2003 - 66.0 m)
Operating Profit before Exploration Activities increased by 32% to 30.9m (2003 - 23.4m)
Operating Profit increases by 51% to 26.5m (2003 - 17.6m)
Operating Cashflow of 57.5m (2003 - 46.1m)
Net Debt at 30 th June 85.8m (2003 - 30.6m )
Interim Dividend of 0.5p/share proposed (2003 - nil)
Current Group production over 53,000 boepd
Acquisition of Energy Africa
Transaction became wholly unconditional on 28 th May
$300 million acquisition banking facility signed April 2004
Placing of 130 million new Tullow shares at 95p oversubscribed
Integration process well advanced
Successful Exploration
UK North Sea: Monroe exploration well discovered gas
Bangladesh: Lalmai well discovered gas, Bangora awaits testing
Uganda: Turaco well encountered hydrocarbons
Gabon: successful well in Etame permit
Congo: MOBIM-1 well enhances Moho-Bilondo commerciality
Active Development and Exploration Programme
Congo (Brazzaville): MBoundi development continuing to add value
UK North Sea: Horne and Wren development under way, first gas early 2005
Equatorial Guinea: Northern Block G development approved
Namibia: Kudu Joint Development Agreement signed
Ce dIvoire: West Espoir facilities being fabricated
Active exploration programme 9 wells to be spudded by year end


Board and Senior Management Changes
David Bamford appointed non-executive Director in July
Adrian Nel appointed Exploration Director
Paul McDade appointed Chief Operating Officer
John Lander and Eskandar Maleki retired from Board in April 2004
Commenting on the results, Tullow Chairman, Pat Plunkett, said:
The acquisition of Energy Africa is without question the most important event in the Companys history. Progress in the three months since completion has been considerable, with interests increased in selected acreage, development plans for proven discoveries advanced and a series of positive drilling results achieved. While our immediate outlook is well supported by favourable oil and gas prices, the Energy Africa deal has transformed Tullow and positions the Group to achieve substantial growth in some of the worlds most prospective hydrocarbon provinces".

seawallwalker - 17 Sep 2004 07:54 - 12 of 20

If anyone missed the press release, a nice bit of news.



Tullow Oil awarded 9 blocks in UK North Sea 22nd licensing round
AFX


LONDON (AFX) - Tullow Oil PLC said it was awarded nine exploration blocks in the North Sea under the UK's 22nd offshore licensing round.

The licences will allow Tullow to develop seven blocks in its core area of the Southern North Sea and two blocks in the North Viking Graben.

Tullow, as operator of these awarded areas, will start evaluating the potentials of the acreage in early 2005.

mbe/jc

Tullow Oil PLC
17 September 2004



Tullow awarded Nine Blocks in UK North Sea 22nd Licensing Round

Tullow Oil plc announces that it was awarded nine operated exploration blocks in
the UK 22nd offshore licensing round. The licence awards, announced by the
Energy Minister, Mr Mike O'Brien, on the 14th September, comprise seven blocks
in Tullow's core CMS area of the Southern North Sea (SNS) and two blocks in the
North Viking Graben. The awards are listed in the Appendix to this release.

The seven SNS blocks comprise two traditional awards located to the south of
Tullow's Boulton field, and five Promote awards in under-explored acreage to the
west of Boulton.

A further two Promote awards are located in the North Viking Graben to the east
of the Tern Field. These awards build upon an exploration position established
in the 21st Round.

Tullow, as Operator of these awards, plans to reprocess existing 2D and 3D
seismic data as part of a full evaluation of the potential of this acreage.
Tullow intends to commence this work in early 2005.

Aidan Heavey, Chief Executive of Tullow commented: 'Tullow is committed to
developing and expanding its business in the North Sea and the award of these
operated blocks is further evidence of our progress. We look forward to working
with our partners to determine the prospectivity of these areas.


For Further Information Contact:

Tullow Oil plc (+44 20 7333 6800)
Tom Hickey
Paul McDade

Citigate Dewe Rogerson (+44 207 638 9571)
Martin Jackson
Alexandra Scrimgeour

Murray Consultants (+353 1 498 0300)
Joe Murray

Appendix:

The following blocks were awarded by the Department of Trade and Industry to
Tullow:


Blocks Operator Partners

Traditional, Southern North Sea
44/21c & Tullow Oil 25% GDFB 25%
44/26b Premier Oil 25%
Endeavour Energy 25%

Promote, Southern North Sea
43/22b, 23, Tullow Oil 25% GDFB 25%
43/27b, 28 & Premier Oil 25%
43/29 Endeavour Energy 25%

Promote, North Viking Graben
210/25e & 11/21b Tullow Oil 100%


Notes for Editors

'Tullow' where referred to in this release means Tullow Oil plc and/or its
subsidiaries, as appropriate.

Tullow Oil plc is one of the leading independent international oil & gas
exploration and production companies in Europe. Tullow is quoted on the London
and Irish stock exchanges (symbol TLW) and is a member of the FTSE 250 Index.

Tullow announced its interim results to 30th June 2004 on 13th September.

Production and Development Assets

Tullow has interests in over ninety exploration and production licences spread
over three core areas: UK North Sea, West Africa and South Asia. Tullow
recently completed the acquisition of Energy Africa, which takes the number of
countries in which Tullow is active to sixteen.

In the North Sea, Tullow's principal interests are in the CMS and the Thames/
Hewett group of licences and the Bacton onshore gas-processing terminal on the
Norfolk coast, which it operates.

In Africa, Tullow has production in Gabon, Cote d'Ivoire, Congo (Brazzaville)
and Equatorial Guinea. Tullow also has exploration programmes in Morocco,
Mauritania, Senegal, Cameroon, Uganda and Egypt.

In South Asia, Tullow has production and exploration interests in Pakistan and
exploration activities in India and Bangladesh, where a three well drilling
programme is under way in Block 9.


For further information see
www.tullowoil.com



This information is provided by RNS
The company news service from the London Stock Exchange



seawallwalker - 17 Sep 2004 18:45 - 13 of 20

All this good news this week completely ignored!

Seen it all before.

Another long term holder for me.

So, MM:-

"Neer nicky noo nar!"

scottie7 - 02 Mar 2005 12:47 - 14 of 20




It is crazy that the valuation of White Nile is almost one-fifth that of another African oil play, Tullow Oil. Tullow is an oil producer. In Africa, Tullow has production and development interests in Gabon, Cote d'Ivoire, Congo (Brazzaville), Equatorial Guinea and Namibia. Tullow also has exploration interests in Morocco, Mauritania, Senegal, Cameroon, Uganda and Egypt. Note these are actual assets, not potential assets. And it is producing oil. Its weighted average daily production for 2004 was 40,600 barrels of oil equivalent per day, 62% ahead of 2003 levels. It is now up to almost 56,000 boepd in January. This means it is generating revenues and they are growing.

Tullow's full-year results are not out until April, but it was profitable at the interim stage, posting operating profits 26.5 million pounds. At its full-year results announcement in April, we will also hear what the company's oil reserve are (yes, this one has actually has oil!). In the year to December 31st, analysts are forecast earnings per share of 8.97p.



seawallwalker - 13 Jul 2005 22:53 - 15 of 20

.

ateeq180 - 10 Aug 2005 21:03 - 16 of 20

Can some one explain,why the chart of tlw is showing a straight line upwards at the close,as the shares closed at 209.50,but the chart shows up to 212p,does that mean the price might open at that price tomorrow.i think it looks good for this stock as the oil prices are soaring,i am new to all this so could some one explain,thankyou.

moneyplus - 14 Sep 2005 13:12 - 17 of 20

new to this one and very pleased so far-definitely one to hold onto. not much interest on this BB--anyone still holding/any comments.

moneyplus - 14 Sep 2005 13:14 - 18 of 20

I think it needs a new header-this one is boring no wonder there's no interest!

seawallwalker - 14 Sep 2005 13:18 - 19 of 20

money - agreed

moneyplus - 14 Sep 2005 13:41 - 20 of 20

new thread started.
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