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| Announcement Date | Type | Currency | Amount | Ex-Dividend Date | Record Date | Payment | |
|---|---|---|---|---|---|---|---|
| 24/7/2019 | Dividend income or Cash Dividend | GBP | 0.018878 | 29/8/2019 | 30/8/2019 | 04/10/2019 | |
| - | Dividend income or Cash Dividend | GBP | 0.0189 | 28/8/2019 | 30/8/2019 | 04/10/2019 |
| Top Posts |
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Posted at 24/4/2024 22:11 by xxnjr Meanwhile Mauritania, the 2021 Annual Report says"In Mauritania, the Group’s operated decommissioning programme of the Banda and Tiof fields is expected to commence in the fourth quarter of 2022. Planning is well advanced, with major service providers secured. Non-operated decommissioning of the Chinguetti field is ongoing and seabed infrastructure clearance is expected to complete this year. The expected remaining UK and Mauritania decommissioning exposure over 2022-26 is c.$180 million, with over half of this forecast spend in 2022....." Somewhat ironic then that another grouping are planning to invest $1.3bn into developing Banda field! "Mauritania’s government has approved a draft decree that will allow an Egypt-based consortium to become the latest operator to try to commercialise 1.2 trillion cubic feet of gas held in the challenging Banda discovery offshore Mauritania. Discovered in 2002, numerous attempts to exploit Banda’s marginal volumes of gas have been assessed over the years by the likes of Woodside, Roc Oil, Petronas, Tullow Oil and New Fortress Energy, but all have failed to pass muster. The new kid on the block is the Taqa Arabia-Go Gas consortium, which earlier this month signed a deal to secure an exploration and production licence for Banda and the nearby Tevet oil discovery, with plans to invest $1.3 billion, according to the government." Reminds me of UKNS. TLW and partners discovered a quite large gas discovery "Cygnus". We gave it up for some reason. Others developed what became the largest new field development in the Sth North Sea in recent years. |
Posted at 02/4/2024 10:00 by xxnjr 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..... |
Posted at 26/3/2024 00:11 by up just a little bit Despite the historical losses TLW is undervalued given the write-downs and the upcoming production as analysts have said shows considerable upside from the current price. TLW at this level is a buy with considerable upside. I fully appreciate the losses that many holders have who loaded up at much higher prices but there is a recovery to be had. If getting in now there is a good play to be had. |
Posted at 25/3/2024 15:16 by zingaro subsurface: what are the trucking ops worth to tlw |
Posted at 25/3/2024 14:23 by up just a little bit https://www.tradingv |
Posted at 22/3/2024 14:46 by xxnjr Honestly. What on earth is going on at TLW?Yesterday I sent them an email as their RNS regarding timing of this years AGM gave the incorrect AGM date. Replacement RNS was issued. Today had to send them another email to correct mistakes on there Gabon webpage which says "Also in 2023, the Government of Gabon approved the extension of several licences to 2026, reflecting the future potential of the fields and the longevity of the Tchatamba facilities." Wrong again. The licenses were extended to 2046. Hopeless. Must be all working from home? |
Posted at 14/3/2024 17:07 by xxnjr Another issue is the comparator group used to determine relative Total Shareholder Return, which is about the only meaningful metric in bonus award and makes up 50% of bonus.So for 2023 TLW took out Aker BP $15.9bn APA $11.2bn DNO $940m Genel Energy $385m Santos $15.4bn and replaced them with BW Energy $650m Diversified Energy $1.1bn Maurem et Prom $735m Why BWE? Maybe because it is a newish company investing a lot in new field developments, installing FPSO's, subsea stuff and drilling lot's of wells to bring new projects to fruitions. (High cash spend relative to production) Why Diversified Energy? Well it's mainly a gas producer (US onshore) so when it went in the comparator group US Gas Prices were incredibly high due to Ukraine War. US gas prices are much much lower now by a factor of 3X (or 5X, or whatever, its a huge drop) meaning DE's profit has slumped which would have been a fairly safe assumption when they placed DE in the comparator group. The result presumably being favourable to TLW CEO bonus calculations. Coincidence? or not?..... Anyway what on earth is a US Shale Gas 'Stripper Well" operation doing in the comparator group? Makes absolutely no sense whatsoever. |
Posted at 08/3/2024 12:03 by xxnjr Another concern (at least for me) is the JUB w/inj issue. Whilst useful TLW slide 17 results pres didn't get to the nub of the matter. There was no explanation of what went wrong and any corrective actions carried out. So we have no facts available to judge whether the issue is fixed once and for all, or may reoccur. Since TLW failed to provide this crucial info one can only assume there might be some aspect the company don't wish to shed light on.I also note Slide 11 of 2020 CMD Pres • Water injection remains a key area of focus on Jubilee • Greater water injection volumes to sustain reservoir pressure and improve sweep efficiency • Three water injection pumps operational on Jubilee with injection capacity building up to >300kbw/d with a graphic on w/inj rates (kbw/d) 2017/19 Actual: 130 2020/21 Forecast: 180 2022F: 270 2023YE: 300 But a recent Kosmos Pres shows that in 2023 peak rates (before the 'issue') were only 220K bw/d. 50K to 80K bw/d (at peak) below what Rahul indicated 3 yrs ago. i.e there are 2 concerns the issue could re-occur why are we still 50 to 80 Kbw/d short? Noting that according to KOS 100% Jubilee voidage replacement at the moment |
Posted at 07/2/2024 12:16 by xxnjr According to Patrick P (he would know) Uganda still on track to deliver first oil by end of 2025. This will introduce a new revenue stream for TLW starting 2026. Probably at least $50m/yr which will drop straight through to bottom line?Globally Total produce about 2.5m boepd. Breakeven price <$30/bbl. Net debt about $5bn. Puts TLW's metrics into perspective. |
Posted at 24/1/2024 11:40 by xxnjr We were all wrong on expected oil production guidance for 2024!xxnjr: 61K-66K = 63.5K SS: 64K-69K = 66.5K alfiex: 68K ctc1: 70K TLW Guidance: 55K to 61K = 58K bopd Bootycall suggested Jubilee @ 106K. TLW guidance 100K Maybe TLW have under promised to over deliver ;-) |
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