Tullow Oil Share Discussion Threads

[badger36] 15/4/2024 10:37

I thought the Mullahs would do us a favour but even as it touches 90 this mgt team has not got the confidence of investors

[subsurface] 14/4/2024 09:59

Need to crack on with some infill drilling at Ten

[tas11osc] 14/4/2024 05:54

Also will be worth more from June onwards as two legacy hedges expire end of May

[subsurface] 14/4/2024 03:22

Thanks XX, much appreciated.

Interesting weeks ahead with world events and POO

[xxnjr] 13/4/2024 23:27

SS - POO $92 at the moment anyone remember what $10 increase in POO adds to FCF.?

These days I can't remember a thing! But handily I have stuff to hand on a spreadsheet, and according to that, FCF with an OP range were given out at

2022 Jan Trad update: $100m @ $75/$200m @ $85, or $10/bbl +$100m
2023 Jan Trad update: $100m @ $80/$200m @ $100, or $20/bbl +$100m

suggesting over a year, plus $10 is worth at least $50m to FCF

but, there have been 10 Jubilee liftings so far this year at an average 5 day brent price of about $83.50 on shipping dates. And we don't yet know who specific cargoes were allocated to.

[subsurface] 13/4/2024 01:46

Tullow now plans Kenya’s first commercial oil export in 2028

FDP timeline revealed

hxxps://www.businessdailyafrica.com/bd/markets/commodities/tullow-now-plans-kenya-first-oil-in-2028-4588036

[subsurface] 12/4/2024 15:03

POO $92 at the moment anyone remember what $10 increase in POO adds to FCF.?

[subsurface] 12/4/2024 08:48

Kenya

State to audit Tullow Oil spending

hxxps://www.businessdailyafrica.com/bd/corporate/companies/state-to-audit-tullow-oil-spending--4587162

Perhaps a good sign things are starting to move slowly.

[up just a little bit] 10/4/2024 18:28

https://oilprice.com/Latest-Energy-News/World-News/Saudi-Aramco-Suspends-Two-Oil-Contractors.html

[subsurface] 10/4/2024 14:57

Supply shocks are threatening to push oil to $100 per barrel ahead of the U.S. summer driving season—and complicating rate-cut deliberations

[up just a little bit] 10/4/2024 14:15

https://www.bloomberg.com/news/articles/2024-04-09/oil-prices-top-traders-are-getting-more-bullish

[mcsean2164] 10/4/2024 11:06

Thanks xxjnr, nice to see we're trending in the right direction again and good to know we're not exposed to Hormuz.

[xxnjr] 09/4/2024 18:26

Think we discussed this before. A fair amount goes to China/SEAsia and Europe, some goes to Brasil/US/Canada. None of it goes through Hormuz. It never has done. All the Ghana tankers, whether coming from Asia or headed East go round S. Africa. There's an empty tanker coming from China now to pick up a load: the route is China - Singapore - Cape Town - Ghana.

Probably (haven't checked) not a huge difference in distance SEAsia to Ghana via Suez or S afr. Look at a map.....

[zingaro] 09/4/2024 11:39

Director buying (Roald Goethe) must be a good thing !

[mcsean2164] 09/4/2024 11:00

Yes, I'm assuming it's going to Europe but if being shipped to China or similar via strait of Hormuz would be concerning. It seems tullow has a knack for losing money, who knows what they are doing 🫣

[subsurface] 09/4/2024 10:01

Hope not Mcsean

The Strait of Hormuz is a strait between the Persian Gulf and the Gulf of Oman

[mcsean2164] 09/4/2024 09:21

up and up. Does anyone know if our oil is shipped via straits of Hormuz?

[up just a little bit] 08/4/2024 07:38

Nice oil price. New tax year. Relatively near the bottom of recent trading range. Could be good.

[up just a little bit] 06/4/2024 11:50

I think you will find Putin is first in line.

[mcsean2164] 04/4/2024 21:33

Israel seems to be trying to provoke world war 3. Won't matter what the share price hits if we're all dead☠️⚰️☠;️

[subsurface] 04/4/2024 19:36

The Ukrainian drones also targeted one of Russia's largest oil refineries

[mirabeau] 04/4/2024 19:16

Oil going for it. Israel expects an imminent Iranian attack

[xxnjr] 02/4/2024 10:00

It actually counts here. Jubilee offloads about every 10 days and the effective oil price is the 5 day average, following Bill of Lading date (usually day 2 of offload). Most recent cargo shipped 31/3. Only Q: who benefitted TLW, KOS or GNPC? Answer in 3 to 5 months if Petrocom can be bothered.....