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.5921479 http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5921479&action=detail Tue, 09 Feb 2010 19:35:00 GMT Chis Lines tag:iii.co.uk,2003:tst.5921379 http://www.reuters.com/article/idUSTRE6180CD20100209 By ValueProphet ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5921379&action=detail Tue, 09 Feb 2010 19:12:00 GMT ValueProphet tag:iii.co.uk,2003:tst.5920168
Still a good buying opportunity at the moment.

RP By RPMcMurphy ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5920168&action=detail Tue, 09 Feb 2010 15:28:00 GMT RPMcMurphy tag:iii.co.uk,2003:tst.5920157
It will fly anyday soon.

Regards,

RP By RPMcMurphy ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5920157&action=detail Tue, 09 Feb 2010 15:26:00 GMT RPMcMurphy tag:iii.co.uk,2003:tst.5920017 http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5920017&action=detail Tue, 09 Feb 2010 15:08:00 GMT wech tag:iii.co.uk,2003:tst.5919630 http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5919630&action=detail Tue, 09 Feb 2010 14:23:00 GMT T2AWT tag:iii.co.uk,2003:tst.5919235
At least we should get rid of Sincock!


RP By RPMcMurphy ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5919235&action=detail Tue, 09 Feb 2010 13:40:00 GMT RPMcMurphy tag:iii.co.uk,2003:tst.5919159
The 'total' sale, if it happens at $4.5-5bn would not be bad news at all. $3bn for ! and 3A and another (up to) $2bn for largely unproven reserves in Block 2 would be great business. The many fingers of Tullow are already stuck in some very big pies and a bit of capital to aid exploration, buy back shares and improve its warchest would not go amiss. Whichever way this goes, Tullow will be in big profit -and so will I! By Yertiz ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5919159&action=detail Tue, 09 Feb 2010 13:34:00 GMT Yertiz tag:iii.co.uk,2003:tst.5918934 By Jonnyth ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5918934&action=detail Tue, 09 Feb 2010 13:06:00 GMT Jonnyth tag:iii.co.uk,2003:tst.5918905
http://www.tradingmarkets.com/news/stock-alert/hrtif_concern-grows-over-uncertainty-of-heritage-sale-763729.html By Synchrouk ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5918905&action=detail Tue, 09 Feb 2010 13:02:00 GMT Synchrouk tag:iii.co.uk,2003:tst.5918484 Kampala, Feb 09, 2010 (The Monitor/All Africa Global Media via COMTEX) --
The second major prospecting firm in Uganda's oil fields, the British company Tullow Oil plc, is expected to announce this week that it will sell half of its stakes in Uganda to a Chinese company at $2.5 billion (Shs4.7 trillion).

The development comes shortly after ENI s.P.a, the Italian oil giant, announced withdrawal of its bid to buy Heritage Oil & Gas company's stakes in Ugandan oil field after Tullow; a co-investor in the Albertine region, invoked its pre-emption rights to buy from the UK firm.

Minister unaware

The Sunday Times, a weekend sister publication of UK's respected The Times, did not divulge the source of the story but reported that the largely Chinese government owned, China National Offshore Oil Corporation (CNOOC) has agreed to the deal.

In Kampala, State Minister for Energy Simon D'Ujanga, said last night that the government is yet to receive Tullow's proposal and preferred co-investor in the country's fledgling oil industry.

"There are 18 companies that have interest in buying Tullow shares. The company is supposed to assess all of them and select a few and bring a proposal to the government for consideration," he said, adding: "As far as we are concerned, Tullow is still assessing and I shall not speculate until they bring their proposal but the government has the final approval."

News of the negotiation breakthrough, part of Tullow's farm-out arrangement, comes 10 days after President Museveni met a CNOOC delegation led by company Chief Executive Officer Fu Chengyu at State House Entebbe on January 26.

Museveni blessing

"President Museveni expressed happiness with the investment proposal (of the Chinese) in the oil exploration sector in Uganda," a statement issued by State House then quoted Mr Museveni as having said.

The Sunday Times reported that final details of the sale were being worked out at the weekend with Total SA, the French oil group, which could become an equal partner in the fields with the Chinese and participate in their development. "Tullow is expected to announce the deal after Yoweri Museveni, the President of Uganda, gives it his blessing, which is expected this week," the newspaper said in its article.

"The sale of the three blocks, worth between $4.5 billion and $5 billion, in the Lake Albert basin will be part of a larger development plan."

Daily Monitor was unable to reach Brian Glover, the Uganda country manager of Tullow, to offer more details of the expected deal as he could not answer repeated telephone calls.

Mr Elly Karuhanga, the company president here, who reportedly brokered last month's meeting between CNOOC and Mr Museveni, said he was aware of a deal in the offing. "That is great news," he said by phone last night.

"Tullow is fully aware that after they finish negotiations, the government will have to be informed and give its consent."

For full details on (TUOIF) TUOIF. (TUOIF) has Short Term PowerRatings at TradingMarkets. Details on (TUOIF) Short Term PowerRatings is available at This Link.
By Paitech ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5918484&action=detail Tue, 09 Feb 2010 12:04:00 GMT Paitech tag:iii.co.uk,2003:tst.5918440
RP By RPMcMurphy ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5918440&action=detail Tue, 09 Feb 2010 12:00:00 GMT RPMcMurphy tag:iii.co.uk,2003:tst.5918367
TLW is actually up 62% on the calendar year ended with yesterday's close. I expect at least similar performance over the coming year from tonight's close. If you missed it last year then get in now and take the second chance. By brummell ]]> http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5918367&action=detail Tue, 09 Feb 2010 11:51:00 GMT brummell tag:iii.co.uk,2003:tst.5918019 http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5918019&action=detail Tue, 09 Feb 2010 11:02:00 GMT Jonnyth tag:iii.co.uk,2003:tst.5917740 http://www.iii.co.uk/investment/detail?code=cotn:TLW.L&display=discussion&id=5917740&action=detail Tue, 09 Feb 2010 10:23:00 GMT Chis Lines