Tullow Oil PLC Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.5614017
Don't forget that the oil majors experienced in this sort of deals are aware of exactly the same thing as we are; so towards that end, they may be prepared to pay a lot more for it now as a two way hedge, knowing full well that in the likelyhood of further successes (and in TLW's case very likely) the price may become (and to use the words of another financial analyst) "prohibitive"; and if they pay way above the worth in $ now, they get to keep the goodies when they come in.

At the rate the momentum is going, the word "prohibitive" will be very close to becoming a reality.

Cheers

KKW
By kkwfromoz ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5614017&action=detail Mon, 23 Nov 2009 00:00:00 GMT kkwfromoz tag:iii.co.uk,2003:tst.5614007
e.g. chart oil price against TLW or gold price against XTA? By Chis Lines ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5614007&action=detail Sun, 22 Nov 2009 23:46:00 GMT Chis Lines tag:iii.co.uk,2003:tst.5613999
a bid now might be a lot less than what could be on the table a year from now. By Chis Lines ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5613999&action=detail Sun, 22 Nov 2009 23:32:00 GMT Chis Lines tag:iii.co.uk,2003:tst.5613995 http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5613995&action=detail Sun, 22 Nov 2009 23:22:00 GMT Chis Lines tag:iii.co.uk,2003:tst.5613830 http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5613830&action=detail Sun, 22 Nov 2009 21:07:00 GMT jopas55 tag:iii.co.uk,2003:tst.5613780
I monitor the Fool's board as well; all of a sudden there seems to be a tremendous amount of activities re T/O etc. both in Uganda area and of course Ghana.

All of these activities, IMO, has the effect of boosting TLW's position and it is looking increasingly attractive an asset.

My take is watch for an out of the blue offer for TLW by (it would have to be an Interantional Major, and my own thoughts EXXON)

A price of 20.00+ is now not out of the question IMO. Comes the end of December (if we get good results from Mah Deep and Odum and with TLW's record, why not?), the price will be even be more.

One thing on my mind is why are the Chinese so quiet?

I have all my toes and fingers crossed.

KKW By kkwfromoz ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5613780&action=detail Sun, 22 Nov 2009 20:39:00 GMT kkwfromoz tag:iii.co.uk,2003:tst.5613743
so if tlw sold half its share to say a chinese company - that would make the three equal partners (assuming the oil is spread relatively evenly). that would be a nice combination! By energysaver ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5613743&action=detail Sun, 22 Nov 2009 20:19:00 GMT energysaver tag:iii.co.uk,2003:tst.5613699

" The Group's ultimate aim is to retain a material operated stake in the basin and to work with a like-minded partner who will also bring downstream expertise to the development. Considerable interest has been shown from both National and International oil companies. A decision on the most suitable partner is expected early in the New Year."


Tullow need involvement with someone with downstream expertise and whom could be better than Eni, and in the new year, some Chinese involvement (imo).



By coolwill ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5613699&action=detail Sun, 22 Nov 2009 19:54:00 GMT coolwill tag:iii.co.uk,2003:tst.5613489 http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5613489&action=detail Sun, 22 Nov 2009 18:08:00 GMT Chis Lines tag:iii.co.uk,2003:tst.5613435
maybe eni will want tlw assets even more now...who knows. By Chis Lines ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5613435&action=detail Sun, 22 Nov 2009 17:42:00 GMT Chis Lines tag:iii.co.uk,2003:tst.5613394
yesterday's ft article was a little negative: "The deal is a potential blow to Tullow, the fellow UK-listed oil company. Eni had been widely expected to be one of the most aggressive bidders for Tullow’s Ugandan assets."

tlw has said that its desire to halve its stake is to acquire expertise "The Group's ultimate aim is to retain a material operated stake in the basin and to work with a like-minded partner who will also bring downstream expertise to the development." but presumably tlw also needs raise considerable funds to develop its big finds. if a major like eni is on board for uganda i wonder if tlw might consider not selling down and raising funds through debt or rights issue - it's attractive enough to be able to pull it off it decided to.

tlw looks great either way.

http://www.ft.com/cms/s/0/c8e3c08a-d6ec-11de-8647-00144feabdc0.html

http://www.investegate.co.uk/Article.aspx?id=200911110700063061C By energysaver ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5613394&action=detail Sun, 22 Nov 2009 17:23:00 GMT energysaver tag:iii.co.uk,2003:tst.5613095 http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5613095&action=detail Sun, 22 Nov 2009 14:37:00 GMT jopas55 tag:iii.co.uk,2003:tst.5612850 http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5612850&action=detail Sun, 22 Nov 2009 11:54:00 GMT BishopofWells tag:iii.co.uk,2003:tst.5612849 http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5612849&action=detail Sun, 22 Nov 2009 11:53:00 GMT BishopofWells tag:iii.co.uk,2003:tst.5612391
from Sunday Times
HERITAGE OIL, the FTSE 250 group run by Tony Buckingham, has agreed to sell its prized Uganda fields for $1.5 billion (£909m) to Eni of Italy in a deal that will bring an £80m windfall for the ex-mercenary.
Maybe Aidan with the other 50% will sell for a personal £80m profit!If the place is that hot I'd prefer he raises his baby to maturity- let Exxon look elsewhere By jopas55 ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5612391&action=detail Sun, 22 Nov 2009 00:52:00 GMT jopas55