Tullow Oil Share Discussion Threads

[cricklewood] 16/9/2016 10:31

Tullow Oil (LSE:TLW)
Intraday Stock Chart

Today : Friday 16 September 2016
Click Here for more Tullow Oil Charts.
TIDMTLW

RNS Number : 9975J

Tullow Oil PLC

16 September 2016

News Release

Cara discovery - offshore Norway

16 September 2016 - Tullow Oil plc is pleased to announce that drilling and testing of the Cara prospect in licence 636 in the Norwegian North Sea has been completed. The well was drilled to a total depth of 2,702 metres in 349 metres of water, 6 kilometres northeast of the Gjøa field.

The well encountered a gas column of 51 metres and an oil column of 60 metres with the operator estimating between 25 million barrels of oil equivalent (boe) and 70 million boe have been discovered. Extensive data acquisition was undertaken including wireline logging and three successful core runs and a successful production test. The partners will now evaluate the possibility of linking this discovery to existing infrastructure at the nearby Gjøa field.

ENGIE E&P Norge AS is the operator of licence 636 with a 30% stake. The other partners are Tullow Oil Norge AS (20%), Idemitsu Petroleum Norge (30%) and Wellesley Petroleum AS (20%).

[cricklewood] 16/9/2016 10:29

Tullow Oil PLC Cara discovery - offshore Norway

16/09/2016 8:00am

UK Regulatory (RNS & others)



Tullow Oil (LSE:TLW)
Intraday Stock Chart

Today : Friday 16 September 2016
Click Here for more Tullow Oil Charts.
TIDMTLW

RNS Number : 9975J

Tullow Oil PLC

16 September 2016

News Release

Cara discovery - offshore Norway

16 September 2016 - Tullow Oil plc is pleased to announce that drilling and testing of the Cara prospect in licence 636 in the Norwegian North Sea has been completed. The well was drilled to a total depth of 2,702 metres in 349 metres of water, 6 kilometres northeast of the Gjøa field.

The well encountered a gas column of 51 metres and an oil column of 60 metres with the operator estimating between 25 million barrels of oil equivalent (boe) and 70 million boe have been discovered. Extensive data acquisition was undertaken including wireline logging and three successful core runs and a successful production test. The partners will now evaluate the possibility of linking this discovery to existing infrastructure at the nearby Gjøa field.

ENGIE E&P Norge AS is the operator of licence 636 with a 30% stake. The other partners are Tullow Oil Norge AS (20%), Idemitsu Petroleum Norge (30%) and Wellesley Petroleum AS (20%).

[leoneobull] 16/9/2016 09:02

Brexit means Brexit

More grammar schools

Royal Yacht Britannia

Bring back hanging

Allow pirates to rob the Spanish

[paulbiya] 16/9/2016 08:03

Oil find in Norway thought we sold it and exited NO??

[leoneobull] 15/9/2016 17:46

Nicked from III TLW Board

I too am not convinced frack baby frack will carry on as is. Oaklahoma has gone from less than 2 earthquakes a year to more than hundreds. Although, it's being blamed on conventional drilling not fracking. Any interruption or extra regulation is still bopd off the US.

According to a study from the university of Michigan the Bakken field is responsible for 2% of the world's ethane emissions. A powerful greenhouse gas that reacts with sunlight at ground level to create toxic ozone.

Frackers may well be able to bring another 1.5m barrels a day on line and continue to reduce their costs under current legislation but increased regulation could be round the corner reducing recoverable resources from the fields and/or increasing costs for environmental reasons.

[pineapple1] 15/9/2016 14:02

When talking of death of the oil co,s due to batterry tech i believe that the growth in 3rd world populations of 75m a year will result in oil consumption being little changed in 10yrs as the west trys to go electric and others stay with internal combustion. All those so called gas guzzlers that the west don't want will be shipped to africa where they will be drinking gas ,belching fumes and leaking oil for the next 30yrs..
After all thats where all the fax machines,amstrad computers and nokia cell phones go.
Cars will be no different....
You,ve only got to go to the many capital and regional cities of such places to see it already in full swing. Gridlock with such vehicles...
The death of oil is decades and decades away. Just like tobbacco. We may be smoking less but everywhere else is still puffing away....
imho

[celeritas] 15/9/2016 10:27

Oil co's will die a death but not yet. Lack of investment will drive the next oil boom but this time fracked oil will control the rise. I can see battery tech making a huge dent but not for a good 10 to 20 yrs.

[mercer95] 15/9/2016 10:08

Who are " they" gregpeck? I don't think the shorters have that sort of clout to move a share that much

[ifthecapfits] 15/9/2016 09:27

Fine by me. I'll take a load more for the LT.

[gregpeck7] 15/9/2016 09:23

They will push this under 200p to trigger stops IMO.

[hazl] 14/9/2016 16:34

Extremely decent of you KevJ good luck to you as well.

[kevjones2] 14/9/2016 16:24

Can't blame you, hazl. I'm sticking with it on the basis that I don't intend to touch the shares for a few years (if the company lasts!). Best of luck to you.

[hazl] 14/9/2016 16:16

for various reasons am out for now,apologies for blowing hot and cold.

[mercer95] 14/9/2016 12:01

For what it's worth I'm back in, that will get the shorters trembling in their Gucci loafers!

[phillis] 13/9/2016 16:39

NB
I thing the shorts must be a leveraged play on the poo
If poo goes down then TLW goes down in greaer % because of its own debt position

[azalea] 13/9/2016 15:59

FYI
It was reported today that OPEC has stated it expects the global supply glut will extend to 2017.D The cartel sees increased production from non OPEC rivals such as the U.S., where rig counts have been on the rise for the past 2 months.

[mcsean2164] 13/9/2016 15:40

Yep, I'm the same but to date, there's nothing actually to suggest there is something shorts know we don't. A TEN failure would have been a good indicator that something leaked.

I suspect it is just a hedge on a over leveraged oil company with large debt. They're probably long somewhere else, however, it must be costing a fair penny to borrow that many share, although the fact there are no dividends probably means it is cheaper to borrow than other large oilers.

So basically, poo and a return to dividends could rocket the share price as the shorters run for the hills. On the other hand a poor poo into 2017 could be v bad for tullow.

[dealer1972] 13/9/2016 13:36

You have to wonder if someone knows something that us pi's don't! I know from a current leverage perspective things don't look mighty rosy currently but looking forward 12/18 months it should be imo. Maybe there's a thought that there'll be another push down on the oil price before they all buy back! Who knows :)

[nicebut] 13/9/2016 11:26

It`s 132.2m shares sold short. Quite remarkable, which is why I keep remarking on it!

14.5% is just the ii over .5%- As we`ve seen there are a few funds dipping back and forth ocver the .5%...

Going to be interesting if there is ever a run on PoO again! We could do with a bit of a short squeeze....but I`ve been saying it for months now and the short % just gets bigger and bigger....I`m long, in case you hadn`t realised!

[mercer95] 13/9/2016 10:19

Thanks for the update nicebut, I've never gone short on shares but I can see the attraction,making money at both ends of the market.