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TLW Tullow Oil Plc

30.36
-0.16 (-0.52%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Tullow Oil Plc TLW London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.16 -0.52% 30.36 16:35:12
Open Price Low Price High Price Close Price Previous Close
30.78 30.10 30.94 30.36 30.52
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Tullow Oil TLW Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
24/07/2019InterimGBP0.01887829/08/201930/08/201904/10/2019
InterimGBP0.018928/08/201930/08/201904/10/2019

Top Dividend Posts

Top Posts
Posted at 23/7/2024 17:44 by wodahsnoom
It seems there are only two possible catalysts to boosting the share price in 2024 (assuming no dramatic moves on the OP).

1. An unexpected profitable H1 24 - it would be a first granted, but not beyond the bounds of possibility. Surely there are only so many write-downs/impairments that a now small O&G company can make year after year. We keep getting told what an economic field Jubilee is but yet never get a sustainable production increase. Only unrelenting financial losses - maybe 2024 will be different. If it isn't I want to know why.

2. Tax arbitration case - one of these is due to be concluded in H2 and of course if it goes against Tlw then batten down the hatches. If the result is favourable than I fear it might be a temporary move north.

Keeping guidance of FCF in tact is all well and good for bondholders.
Huge tax bills is all well and good for the Ghanain Government.
Free shares allocated is all well and good for the management.
Delivery on localisation is all well and good for suppliers.
Its about time Rahul was made accountable by the institutional shareholders

If anyone has any other realistic possible positives for 2024 I'd love to hear them......
Posted at 18/7/2024 09:22 by xxnjr
Gabon Update M&P

M&P Gross: 1Q/24 15,499 bopd 2Q/24 15,553 bopd +54 bopd
TLW w/int 7.5% = +4 bopd 1Q to 2Q

TLW agm statement

"As a consequence of the {perenco operated} incident, the Simba field remains shut in while the operator completes the incident investigation. Net production from the Simba field was expected to average c.1.3 kbopd in 2024 but there is scope to make up any shortfall from other fields in the portfolio. Therefore cash flow from the portfolio remains unchanged.

that's 4 bbls of the 1,300 bbls simba deficit accounted for!

"During 2024, operations in Gabon will focus on infill drilling to sustain production or minimise decline across the licences, as well as two ILX wells at the Simba licence.

Since the Simba platform presumably remains shut in, can't imagine the two wells will be drilled anytime soon.
Posted at 09/7/2024 13:16 by xxnjr
Bit surprising (if you believe Ghana's take)

[Upstream] An international tribunal has rejected a $7 billion compensation claim — later reduced to $915 million — made by Eni and Vitol against Ghana’s government and its state oil company over the unitisation of an offshore oil and gas field, according to Ghana’s Attorney General.

However, Eni has not yet given its view of the tribunal’s decision — and Upstream understands that it will differ from Accra’s stance — but Ghana’s Attorney General Godfred Yeboah Dame described it as a “major victory”.

The dispute has its genesis in November 2019, when local player Springfield Energy made its Afina-1x discovery on the West Cape Three Points 2 block, just across the border from Eni’s Sankofa field in the Offshore Cape Three Points licence....."

Just as a matter if interest, afaics the Springfield block in question, is all formed from what TLW/KOS would have relinquished on a term renewal of their WCTP block. There were one or two small TLW/ KOS discoveries in that part of the block but deemed not worth developing.
Posted at 07/7/2024 09:56 by xxnjr
83% is Brent. Generally speaking: the average of 5 days of Brent on date of bill of lading of a tanker cargo and subsequent 4 days (modified by whatever hedging is present. Less whatever undisclosed fee Glencore charge for marketing the crude).

"Tullow is also pleased to announce that it has entered into oil marketing and offtake contracts with Glencore for Tullow’s crude oil entitlements from the Jubilee and TEN fields in Ghana and the Rabi Light entitlements in Gabon which run concurrently with the notes facility agreement."

Last yr the actual realised discount to Brent: -$6.80.
Hedging maybe slightly more favourable this year.

TLW have dedicated cargos (not all cargos are TLW). Therefore you need to know if a specific cargo is TLW, or not and its date. The latest data for that, from Petrocom Ghana, currently is 6 months, and lengthening, out of date!

Gabon (17%) is Rabi Light
Posted at 04/7/2024 09:20 by up just a little bit
The debt reduction taking place and the price of oil make TLW a buy at these prices. No doubt there will be some detractors who own no shares who have lost on TLW having failed to sell at previous highs who will post away to the contrary.
Posted at 21/6/2024 08:36 by xxnjr
It would be good if it made any difference!

Brent 2024 YTD: +11%
TLW 2024 YTD: -15%

Brent at Rahul start date: $41.50
Brent now: $85 +105%

TLW at Rahul start date: 31.5p
TLW now: 33p +5%

Anyone think we need a new CEO?
Posted at 10/6/2024 16:24 by xxnjr
Apologies. Going down memory lane today. Another start up by former TLW directors, on an old 'high impact' TLW block, which apparently today now holds 7 billion barrels potential and could host 6 major FPSO developments.....!



Their share price?...... 0.2p
Posted at 31/5/2024 12:16 by xxnjr
Rahul Dhir Bonus watch

TLW 2024 YTD: 1.94%

Comparator Group

Africa Oil: 0.80%
Capricorn: -10.70%
Energean: 16.70%
Enquest: 4.22%
Harbour Energy: 2.87%
Kosmos Energy: -11.27%
Pharos Energy: 2.67%
Seplat Energy: 68.77%
BW Energy $650m: 22.15%
Diversified Energy: -2.54%
Maurem et Prom: 17.71%

Average of group: 10.13%

Most of the above, apart from Kosmos, I think pay divis as well.

(So far) TLW near the bottom. Kosmos are bottom due to BP operated delays on Tortue FLNG Senegal coming onstream.

Maurel et Prom (+17.71%) own 20.46% of Seplat (+68.77%)

PIEP (PT Pertamina Internasional EP) own 71.84% of Maurel et Prom
Posted at 31/5/2024 11:10 by xxnjr
No such issues for Seplat +10% this am. It seems their 2022 deal to acquire Exxon's onshore acreage in Nigeria is edging towards the finishing line



Seplat's 2nd largest shareholder are Petrolin with 81m shares (13.77%)

Petrolin is owned by Samuel Dossou-Aworet

Samuel Dossou-Aworet is also TLW's largest shareholder with 243.6m shares (16.8%)

In 2004 TLW bought Energy Africa from Samuel Dossou-Aworet.

Energy Africa was the gift that kept giving for TLW as a lot of TLW's African production in the intervening 20 yrs came from those assets.

If it goes through Seplat will be quite a large producer.

It helps to have friends in Africa! But it seems we didn't receive an invite.
Posted at 16/5/2024 08:20 by ashkv
HBR, SQZ, PTAL etc appear dirt cheap in comparison to TLW - surprised share price hasn't corrected to sub 30p based on this horrendous update re low guidance for 2024 being the new bar!!!



Share Price -> 36.25p
TLW share price vs 52 Week low of 23.94p on 1 June 23 -> 51.42%
TLW share price vs 52 Week High of 39.94p on 6 Sep 23 -> -9.24%
Brent Price -> $83.20
Outstanding Shares -> 1,456,705,746
Market Cap GBP -> £528,055,833
GBPUSD -> 1.27
Market Cap USD -> $670,630,908
Net Debt USD (YE 2023 Per March 2024 RNS) -> $1,608,000,000
TLW Q1 2024 Production [Excluding 7kboepd of Gas] -> 52,000
TLW 2024 Low-Guidance Excluding 7kboepd gas [Revised Per Q1 Trading Update - May 2024] -> 55,000
TLW 2023 Average Production (Excluding 6kboepd Gas) -> 57,000
TLW 2022 Average Production -> 61,100
Enterprise Value (USD) -> $2,278,630,908
EV/BARREL-USD Q1 2024 Production [Excluding 7kboepd of Gas] -> $43,820
EV/BARREL-USD 2024 Low Guidance Excluding 7kboepd gas [Low Guidance Indicated per Q1 2024 Update RNS] -> $41,430
EV/BARREL-USD 2023 Average Production (Excluding 6kboepd Gas) -> $39,976
EV/BARREL-USD 2022 Average Production -> $37,293
Abandonment / Decommissioning Liability (FY 2023 Results) -> $377,900,000
EV/BARREL (2023 Guidance) with Decommissioning Liability -> $46,606
2P Reserves per FY 2023 Results -> 212,000,000
Enterprise Value / 2P Reserves (Per Barrel) -> $10.75
EV (Including Decom)/2P (Per Barrel) -> $12.53

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