Tullow Oil Share Discussion Threads

[oilbuy] 28/9/2015 08:40

Pancontinental up 100% over night.http://pancon.com.au/

[olieslim] 28/9/2015 02:04

NAMIBIA - PEL 37

28 September 2015

Election by Tullow requiered by 31 March 2016

[jovi1] 28/9/2015 00:50

Blueball you can be right but it still be above 8.00 in 2017 if not in different hands

[olieslim] 27/9/2015 20:18

From brummel on ii:

BPCL eyes 10% in Kenya oil block
Piyush Pandey, TNN | Sep 26, 2015, 04.10AM IST

MUMBAI: Encouraged by depressed crude prices, state-owned oil retailer Bharat Petroleum Corporation (BPCL) is in talks with UK-based Tullow Oil to buy a 10% stake in its discovered oil block in the South Lokichar Basin in Kenya with an estimated one billion barrels of oil reserves, of which 600 million barrels may be recoverable.

At current oil prices, the resource potential is valued at $27 billion and BPCL may have to shell out about $2.7 billion, depending upon the recoverable resource potential of the block, said sources in the know.

When contacted, BPCL chairman S Vardarajan told TOI, "It's very premature to talk on these. We are in talks with many firms with interests in Africa and other places."

The basin in Kenya shares many similar geological qualities with the Lake Albert Rift Basin in Uganda where Tullow Oil has discovered estimated gross recoverable resources of over 1.7 billion barrels of oil since the first exploration well in 2006.

The governments of Kenya and Uganda last month agreed on a route for the regional crude oil export pipeline from Hoima-Lokichar-Lamu to offtake the crude."Looking forward, we plan to further deleverage the business as we look at non-core assets and our retained equity in our major developments. The decision by the Governments of Uganda and Kenya with regard to the pipeline route will allow this significant project to move into a new technical and commercial phase." Aidan Heavey, CEO Tullow Oil said in a statement last month.

BPCL has lined up investments of Rs 1 lakh crore, of which Rs 25,000 crore have been earmarked for upstream assets alone. A part of the Rs 25,000 crore will go for the development of the prized gas block in Mozambique while the rest will be used for acquisitions.

[blueball] 27/9/2015 14:31

My target is 50p here in the next 12 months.

[crude trader] 27/9/2015 14:27

Interesting: M&A/ consolidation/ deals being talked up in the sector. Quality assets will always attract interest. $2.7b for 10% stake...shorts might get smoked in the morning.

hxxp://timesofindia.indiatimes.com/business/india-business/BPCL-eyes-10-in-Kenya-oil-block/articleshow/49110803.cms

[dlku] 25/9/2015 15:41

can see a bid here

surprised no hedge fund taking a pop and nicking the assets whilst so cheap

come on black rock put it into play

[jovi1] 24/9/2015 19:19

Sorry for the poor English

[jovi1] 24/9/2015 19:11

Any one can turn out to be an Afren, but on the base of the info we have there is no similarity between Afren and Tlw. So anyone that want to avoid for sure an Afren should avoid the market in general maybe but state bond
Found and other investment type sell because they need maintain balance pay dividends and other issue this make some company drop much more than other but this is a moment for retail investor if they are disciplined and coragius
Do you remember why did you buy this share?
What is change?
If the answer is nothing then hold
I have been in oil crisis many time in the last 40 years every time I have been told by the expert oil will not recover this time because bla bla bla. The fact is that the world cannot do without the black stuff and much of what we need cost more to produce that the price can be sold today.
The price will recover in max 12 months to a good level interest rate will go up various QE will finish and finance for new project will evaporate at the time we will need oil and this will make oil spike again.
My strategy in the last few crises as always been the same
5 or more company share with portafolio in different region and various debit level. So far I always made money
When share start to pick up set your reminder to sell in 7 years.
Good luck

[holmess] 24/9/2015 18:40

"As stated before this could quickly turn into another Afren!!"

Only to those who are too lazy to look at Tullow's financials.....

It's being taken down by shots. Look at Premiere's statement from yesterday - show's the doom mongers are spouting garbage but still a weak share price

[herbyrainer] 24/9/2015 18:10

As stated before this could quickly turn into another Afren!!

[mreasygoing] 24/9/2015 11:49

Next area of support is 150p. If that fails then 134p, potentially this could go back to 80p on long term chart basis. POO needs to rise otherwise this will continue to slide.

[spirito] 22/9/2015 15:27

Cheers - not trading - looking for 3-5 year multibaggers!

[shahi1] 22/9/2015 14:25

Good luck with SXX. I have also taken a punt with Glen at 101p today. Bottom is zero but the upside is great.

[spirito] 22/9/2015 14:21

i'll cross mine for you. At sub 180 I am tempted, but have all my risk is SXX at the moment and not sure I want to give any of that up at the moment.

[shahi1] 22/9/2015 10:35

Spirito...fingers crossed!

[spirito] 22/9/2015 09:53

Hope it's not nothing!

[shahi1] 22/9/2015 09:51

Just been greedy as it appears others are fearful! Am riding on all or nothing with Tullow now.

[billy_buffin] 20/9/2015 19:26

Need to sort this out. Horrendous cost as well, massive amount of OPEX and energy after commissioning due the heating requirement.

[olieslim] 18/9/2015 09:45

Any reason the trashing of this share halted?

[nicksig] 17/9/2015 12:43

Quite possibly. When you see a buy of 5.7m then you have to wonder who is spending £10m+ on this and why. I'll be keeping an eye out for other large trades

[shahi1] 17/9/2015 12:40

nicksig, possibly a bid coming soon? imho

[nicksig] 17/9/2015 12:36

Well whoever bought those 5.7m shares yesterday must be pretty confident. That's a lump out of the free float