| 8:30 09/09/2010 | Re: Hague backs Tullow in Uganda |
| Isnt Tullow Irish, not British? Why would Hague get involved? By WernerBiet |
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| 8:08 09/09/2010 | Re: Hague backs Tullow in Uganda |
| ""Furthermore, it wa Tullow who created the problem by pre-empting" Tullow exercised their legal rights as per contracts, thats all" CORRECT - but in the eyes of the UGs and HOIL they have created a problem - and now the "come - uppance" The ENI deal was SUCH a joy to both UG and HOIL as it was to have swift and conclusive.  By MisterX1 |
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| 7:12 09/09/2010 | Re: BLOCK 3A |
| As Far As I Am Aware - but WTFDIK? By Yertiz |
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| 1:56 09/09/2010 | busy drilling schedule |
| SUMMARY OF PLANNED SECOND HALF 2010 EXPLORATION AND APPRAISAL ACTIVITY Country Block Prospect Interest Spud Date Uganda Block 1 Butiaba Campaign 50% In progress - Q4 2010 Uganda Block 2 Butiaba Campaign 100% (op) In progress - Q4 2010 Ghana DWT/WCTP 2 Well Campaign various Q3 - Q4 2010 Ghana DWT - Greater Tweneboa 3 Well Campaign + DST 49.95% (op) In progress - Q1 2011 Sierra Leone SL-06/07 2 Well Campaign 10% Q3 2010 - Q1 2011 Liberia Block 17 Cobalt 25% Q4 2010 Mauritania Block 6 Gharabi/Sidewinder 22.4% Q3 2010 Mauritania Block 7 Pelican/Cormorant 16.2% Q4 2010 French Guiana Guyane Maritime Zaedyus 39.5% (op) Q4 2010 Guyana Georgetown Block Jaguar (previously named El Dorado) 30% Q4 2010 Suriname Coronie/Uitkijk 7 well campaign 40% Q4 2010 Netherlands Block E13b Muscovite 10% Q3 2010 Gabon Arouwe Falcon North 35% Q4 2010 Gabon Omouyei Maroc Nord 6-well appraisal campaign 7.5% Q3 - Q4 2010 Pakistan Kohat Shekhan/ Kohat West Various Testing - Q4 2010 By you da man |
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| 23:52 08/09/2010 | Re: Hague backs Tullow in Uganda |
| MisterX1, You see determined to ignore the published facts and substitute you own version of things. Read the TLW half year report: EPre-emption and farm-down to align basin interests On 17 January 2010, Tullow exercised its right of pre-emption to acquire Heritage's 50% operated interests in Blocks 1 and 3A in the Lake Albert Rift Basin in Uganda. The transaction received conditional Government of Uganda approval and the acquisition completed on 26 July 2010 when Tullow paid the consideration of US$1.35 billion and a contractual settlement of US$100 million. US$1.05 billion was paid directly to Heritage, US$121 million was deposited with the Ugandan Revenue Authority and US$283 million was put into Escrow pending arbitration of the Capital Gains Tax dispute with Heritage.” TLW paid $1.15bn directly to HOIL, the rest was paid by TLW to the URA and into escrow. Plainly stated. It’s no good trying to divert attention from Ghana by going over this Ugandan tax dispute again and again. The rest of the world has moved on, leaving you whistling in the wind. More and more analysts are commenting on the extent to which TLW is undervalued at the current share price. When will you give up this futile attempt to substitute your imaginary world for reality? You are a parody of Nero, as you fiddle in your burning shorts. By brummell |
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| 21:56 08/09/2010 | ANALYSTS SAY TULLOW UNDERVALUED |
| http://www.spread-betting.me/tullow-oil-00473.html Tullow Oil Plc (LON:TLW) is undervalued at current levels say the equity analyst team at Dolmen Stockbrokers. Dolmen have suggested to clients that 1470 is a fair value level worth aiming for. That is 19.71% higher than at yesterday's close. Tullow shares are 1.38% higher in mid afternoon trade on the FTSE 100 at 1,245. To add some perspective - in mid August we reported that the equity analyst team at Credit Suisse set a fair value share price at 1504. Nomura on the other hand were a deal more bullish on Tullow shares setting a fair value price at 1541. Credit Suisse,Nomura and Dolmen have they all made schoolboy errors recommending this stock Your Honour or do you prefer Mister X1? By you da man |
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| 21:47 08/09/2010 | Re: BLOCK 3A |
| AFAIAA? By you da man |
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| 21:45 08/09/2010 | Oil and gas law |
| The law was meant to have been introduced in June, Anyone heard anything or why it has been delayed? "The East African nation plans to introduce a new oil and gas law in June ahead of the start of oil production," bloomberg By you da man |
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| 21:33 08/09/2010 | simply the best !!!!! |
| Tullow still has one of the best portfolios in the sector so any dips in the share price should represent opportunities for investors,” Griffith said. http://www.businessweek.com/news/2010-09-07/tullow-climbs-for-second-day-in-london-on-takeover-speculation.html He would say that wouldnt he Mr X1!!!! Simply the best,Better than all the rest. da da da M1 By million one |
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| 21:18 08/09/2010 | Re: BLOCK 3A |
| AFAIAA it is normal to relinquish a percentage of exploration blocks at he end of their term, giving up the whole of block 3A seems a bit extreme. Maybe there is not much there ? Most drilling has been in Blocks 1 and 2. Also from the Tullow maps Block 2 has the most unexplored prospects. By Edvardo |
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| 21:06 08/09/2010 | Re: Hague backs Tullow in Uganda |
| "Furthermore, it wa Tullow who created the problem by pre-empting" Tullow exercised their legal rights as per contracts, thats all By Edvardo |
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| 21:05 08/09/2010 | BLOCK 3A |
| Uganda To Repossess Rest Of Oil Block 3A From Tullow By Nicholas Bariyo Special to DOW JONES NEWSWIRES KAMPALA, Uganda -(Dow Jones)- Uganda will repossess the remainder of exploration area 3A, located around the southern tip of oil-rich Lake Albert, because the block's license has expired, a government official said Wednesday. The move follows the Ugandan government's repossession last month of the Kingfisher oil field discovery, located within the same exploration block. The seven-year exploration license for block 3A expired Wednesday, said Fred Kalisa Kabagambe, the permanent secretary at Uganda's Ministry of Energy and Minerals. "This is a normal procedure," Kabagambe said of the repossession. "The exploration license has expired, and all the areas that are not part of the [Kingfisher] discovery will [also] revert to government." Another government official, who requested anonymity, said Wednesday that it's possible the government could call for international bidding for other areas within block 3A besides the Kingfisher discovery when the next round of licensing resumes later this year or early next year. The government is considering whether to hand the Kingfisher oil field back to Tullow or to invite other bidders, without excluding Tullow from that bid process. People familiar with the situation said, however, that Tullow remains favored to retain the Kingfisher oil field, which is expected to be among the early oil-producing fields in the country. The repossessions step up the pressure as Uganda is locked in a dispute with Heritage Oil PLC (HOIL.LN) over taxes it says Heritage owes on the sale of Heritage's 50% stakes in Ugandan oil-exploration blocks 1 and 3A to Tullow Oil PLC (TLW.LN) for up to $1.45 billion. The government hasn't endorsed the sale because Heritage declined to pay a 30% capital gains tax on the transaction. Tullow has said sale and purchase agreements have been finalized with China National Offshore Oil Company (CEO) and French oil major Total SA (TOT) for Tullow to sell them two-thirds of the Lake Albert oil license areas. The three companies plan to share the cost of developing Uganda's fledgling oil industry. Heritage said in June it had been advised that the sale doesn't attract capital gains tax. Following Kabagambe's statement Wednesday that the government will repossess the rest of block 3A, a Tullow spokesman said: "As we disclosed at our results last month, the government of Uganda has been clear that the only issue remaining is with Heritage and its CGT [capital gains tax] liability. Once this is resolved, we can all move forward towards the farm-down and the development plan. Negotiations are ongoing." Heritage gave no indication Wednesday that it would back down in refusing to pay all of the taxes the government said it owes. "There are no new developments or updates, from Heritage's perspective, to communicate with regards to the capital gains tax dispute," a Heritage spokesman said. "Apart from noting that, Heritage doesn't have any further comment." Last month, the Ugandan government repossessed Kingfisher oil field, saying Tullow and former partner Heritage failed to apply for a production license in time. Uganda's Energy and Minerals Development Minister Hilary Onek said that the two companies should have applied for a production license for the field by February. By you da man |
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| 20:42 08/09/2010 | Re: Oh dear - has he been a naughty boy.... |
| "six million Euros. Why not sterling?" Or Italy !!!! By MisterX1 |
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| 20:41 08/09/2010 | Re: Oh dear - has he been a naughty boy.... |
| six million Euros. Why not sterling? What do you think they use in Eire ! By MisterX1 |
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| 20:40 08/09/2010 | Re: Hague backs Tullow in Uganda |
| "Funny that leaving out small important details but at least you have unvalidated "research" from an independent source to back this up." Seen the evidence with my own eyes !!!!  By MisterX1 |
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