Tullow Oil Share Discussion Threads

[sux_2bu] 09/3/2017 15:48

Rights issue at 80p being rumoured

[mccracken227] 09/3/2017 13:19

Not rocket science, oil down 6% Tullow down 6.6%

[ifthecapfits] 09/3/2017 11:26

Nothing to do with oil prices falling then?

[sux_2bu] 09/3/2017 10:29

As I've said since above 300p, the gap will be filled. Still a bit more to go.

[mcsean2164] 09/3/2017 01:27

There goes $52, hopefully hedgged a bit....

[billy_buffin] 07/3/2017 16:17

Interesting re Bakken (tight oil)

Understood currently little below the million bbls/d a day.

There are getting on a 1,000 DUC's (drilled but uncompleted wells)in the Bakken alone that await fracking and put on line depending on PoO. $45/50 for some wells to be in the money.

Break even now much speedier as the fashion is for very long laterals and many more frac stages and copious amounts of proppant.

SM Energy says (Eagle Ford, Midland etc) increasing the sand loading to 2,000 pounds per foot would increase that NPV by almost 50% to $3 million per well. Increasing the lateral length to 7,500 feet and continuing with sand loading of 2,000 pounds per foot would double the well NPV to $6 million per well.

[billy_buffin] 07/3/2017 15:35

184 page annual report - beats Shell in lonnnnngevity

[mcsean2164] 07/3/2017 00:53

Last time it crossed the 200 ema, it rallied to 340p intraday.

Most worrying however is the surge in shale production. It seems the bakken is on the way out but the permian is powering ahead for now. EIA predict an extra 2 million barrels from US shale.

Of course shale is not infinite but OPEC has to drop even more or demand needs to increase in order to accommodate the US shale revival.

It's amazing how long we have been range bound considering the previous volatility.



If anyone knows what the hell is going on, I'm all ears...

[technowiz] 06/3/2017 22:37

still above 200DMA (c.260p) but only just!

[sux_2bu] 06/3/2017 16:22

You are that. Told you at over 300p what would most likely happen.

Suck it up buttercup.

[sux_2bu] 06/3/2017 16:06

Double bottom almost created, will it hold or not.......doubt it as now under 200 ma.

Gap filling time getting closer.

[sux_2bu] 06/3/2017 15:46

gap to fill at 225p - roll on.

[technowiz] 06/3/2017 15:42

mmmmmmm under 200DMA now.

[cricklewood] 06/3/2017 07:59

Thats already being posted ?

[cpap man] 06/3/2017 07:56

T5 Oil & Gas to launch IPO in drive to build $1bn company
Exploration firm backed by industry heavy-hitters aims to list in Dublin and London, writes Gavin McLoughlin - March 5 2017 2:30 AM

Shareholders in T5 Oil & Gas have been told the company plans to float on the Irish & London Stock Exchanges in April, the Sunday Independent has learned.
The oil and gas exploration firm has hired Davy Stockbrokers and London-based boutique investment bank Hannam & Partners to advise it on the transaction, which will see it list shares on the Alternative Investment Market in London and the Enterprise Securities Market in Dublin.
The company's stated aim is to become a listed, billion-dollar company and it is backed by a number of industry heavyweights.

T5 has written to shareholders, saying it will be seeking their approval for the transaction shortly. It hopes to capitalise on the recent improvement in oil and gas industry conditions.
The London-based firm was set up by a group of Tullow Oil veterans. It is run by executive chairman Pat Plunkett, who is also the chairman of Providence Resources.

Plunkett was the chairman of Tullow Oil from 2000 to 2011, during which time the company went from a market cap of £275m to over £12bn.He was a founder of Riada Stockbrokers, which was later bought by Dutch bank ABN-AMRO.
The company declined to comment. Its website says it is "in the early stages of building a publicly-listed billion-dollar Africa and Middle East E&P company - creating long-term value for our stakeholders".

The amount of money raised - and subsequently the valuation assigned to the company - will be determined by market conditions, as will the precise timing of the company's listing.
T5 owns 90pc of an exploration block in Senegal in West Africa. Funds raised in the flotation would help with work on that asset as well as the pursuit of further acquisitions. Previously it considered a bid for Egyptian production assets owned by Petroceltic, which put itself up for sale at the end of 2015 after running out of cash.

It will be the first float in Dublin this year. The last firm to list on the Irish Stock Exchange was venture capital provider Draper Esprit, which raised €102m when it went public in June of last year.
Apart from Plunkett, other ex-Tullow figures involved in the company include exploration director Gerry Sheehan, previously an international exploration manager at Tullow.

Matthew O'Donoghue, a former director of international operations at Tullow, is on T5's board, as is former Tullow managing director for Africa Andrew Windham.