Tullow Oil Share Chat (TLW)

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Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Tullow Oil	LSE:TLW	London	Ordinary Share	GB0001500809	ORD 10P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+2.55p	+1.30%	199.00p	198.95p	199.05p	200.30p	193.30p	195.95p	1,182,581	11:04:23

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers	1,275.3	-221.4	-10.9	-	2,770.76

Tullow Oil Share Discussion Threads

Showing 38226 to 38249 of 38250 messages

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Date	Subject	Author	Discuss
23/1/2019 11:03	Tp anyone?	supermarky	Read Full Thread Reply
23/1/2019 03:32	And Just to give you a laugh,they have some special comments in the Oil industry talk about re inventing the wheel,and the man that invented the the bypass was very clever.and for contractors they give you two buckets one fills up with Money and the other with ..it which ever one fills first then you move on,	subsurface	Read Full Thread Reply
23/1/2019 03:23	Mcsean If it helps Tullow,fortunes and those of our investor community its worth going the extra mile.I am not top of the class in anything I do have gall. Getting to the heart of the problem. Mindset and my Janet and John approach In the Oil industry from my experience there are two different Mindsets The Refinery Mindset Don,t worry if we cannot do it today we will do it tomorrow,and there is always one in the stores! The contractor Mindset Pre Commissioning/Commissioning Push push push until the jobs done.If we cannot do it this way can we do it that way? ,time is money and we need this plant up and running and handed over,and move on, Janet and John, Everything I have posted is Janet and John there is no rocket science in it i leave that to others. I am going to sort the National health out for you. big mess and its huge so how would i do it 1 Get one hospital working properly then replicate it. don,t fall into the trap of trying to bring the whole thing up in one go. How would I save money Don,t build more hospitals build small Sports halls that are free to go in, easy accessible not fancy! basic no membership costs no bookings, Free, basically a room with 4 badminton courts and some training equipment once people get involved and they will if its free,the health benefits are huge reduce the costs at the hospitals I am lucky to have that situation here in Thailand, I lost 20kilo,and have reversed type 2 diabetes and no tablets it also Keeps kids off the streets and old and young mix together,and mentor the younger generation I play with youngsters 20 years old I run them around the court and they have respect and I give them Janet and John advice Example Networking How to find work Group 6 are a class 30 students 60 eyes looking for work , They scatter but they stay as a team one gets a job finds they have another vacancy they feeds it back online.to the team. I commissioned the Sangu gas plant in Bangladesh they had many problems one day the manager called me to the office and asked if i had any suggestions they had developed a programme for maintenance basically all singing all dancing if you wanted to do a task it would tell you everything that you need to know gaskets bolts tools Isolation,s parts availability and print out a permit to work. problem could not get it working. and I am not a computer man Answer Break it down into systems get the offshore platform working first then replicate to the onshore,Good old Janet and John! That,s my thoughts for Tullow . A step further The Tullow Uganda manager should share an office The Top oil Manager/minister he should tell her what he wants and she should deliver it if a country cannot do that then we should not be there. the rest is history Very sorry to go on and on Tullow needs to be driven.I want this turned around.	subsurface	Read Full Thread Reply
22/1/2019 20:59	Thanks subsurface!	mcsean2164	Read Full Thread Reply
22/1/2019 16:54	Great, xx I have sent you my e mail address.please feel free to contact me,	subsurface	Read Full Thread Reply
22/1/2019 16:14	Thank you, I feel the same of you SS.	xxnjr	Read Full Thread Reply
22/1/2019 16:03	Great xx I have a lot of respect and admiration for you and we will find you a bottle of your favorite red! as promised.	subsurface	Read Full Thread Reply
22/1/2019 15:54	You can count on it SS. If I'm passing through we'll have some Singha's! I may well write the company a letter about those options one day!	xxnjr	Read Full Thread Reply
22/1/2019 15:49	Yes XX quite right The begging bowel that,s how low we stooped! ,Thanks for your patience, with my posts. Its still in my mind to meet you one day and if you are over this way do let me know as well . best regards	subsurface	Read Full Thread Reply
22/1/2019 14:57	"The new management team have..... put the balance sheet into a significantly more robust place." Whilst factually correct, sounds nonsensical to me! Surely the shareholders did most of the heavy lifting? After the "old" management arguably performed poorly (I mean by that all the write downs/failed wells etc), the "new" management, or was it the "old" management, were forced to stand before shareholders, with begging bowl in hand(IIRC). The resultant rights issue(IIRC) brought shareholder value destruction (or dilution). Surely the "new" management are exactly the same people as the "old" management? OK, Aidan is no longer there, CFO left on health grounds?(IIRC) but the other faces are, more or less, the same as before, aren't they? Deckchair shuffling on the Titanic may not solve the issue. But anyway, Do you own research (DYOR), as I maybe mis-remembering events. Apologies for sounding off, but awarding options to management for year 2018 does not seem appropriate to me, given the way things turned out.	xxnjr	Read Full Thread Reply
22/1/2019 14:38	Alfiex ,First of all to pick up on spur them on! 1 The major shareholders,2 the Banks 3 the private Investors like us. 4 the one that has perhaps great potential the Ghana Investors.I was looking for a Ghana Tullow discussion forum and wondering if they could be brought on board ,as a way influence the management.Just an idea given how important Ghana is to Tullow,that might be a way to get things done. If our management are not proactive we just may get the company shaped by events beyond our control similar to what we see now in Kenya and Uganda. I often wonder if when we were at our lowest point could things have been much worse than we realized. and imagine the things we don,t know about? If it was the Legal department that played a part in the Sea Drill/ Kosmos spat could our tax problems in Uganda be down to them being involved in the Petroleum/Tax agreement? In the company reply they talk about reducing costs but if we were not able to meet our debt reduction target then we need to take out more and sell off the problematic parts to pay down the debt. Tullow started from Scratch ,we could shrink and re start from a much better base level with just Ghana production generating cash.along with the none operated assets and some very good prospects to drill , Debt down and slowly rebuild our company our reputation ,our credit rating and back in the top 100.lessons learned,for me that,s the quick route back.	subsurface	Read Full Thread Reply
22/1/2019 09:14	Thanks for the effort subsurface, you have given them an insight to many on this boards thoughts. You never know it may spur them on.	alfiex	Read Full Thread Reply
22/1/2019 09:08	Thanks for posting this. Unfortunately it's more of the same. Glosses over the continual screw ups! Jam tomorrow that usually results in a stale sandwich.	xxnjr	Read Full Thread Reply
22/1/2019 08:13	The reply basically what I expected the, company line,and polite. Thank you for your email and your support for Tullow over so many years. It has certainly been a very volatile last few years, as you say, for a whole variety of reasons associated with market sentiment on the sector and the company and obviously the impact of the oil price. I won’t reflect too much on the past, although I would be happy to discuss this with you, but as we look forward, it is fair to say that we are now in a much stronger position to grow the business. The new management team have restructured the business, taken a lot of cost out, have brought much more cost discipline and performance management into its day-to-day running and have put the balance sheet into a significantly more robust place. We sit today with production growth potential in both West Africa and East Africa, with an enviable exploration portfolio and with confidence in our finances that recently enabled us to reinstate a capital returns policy for 2019. You are right that the business has done well with its offshore assets, particularly in Ghana, and that the onshore assets in Uganda in particular have suffered from delay. Having said this, we have taken a lot of value out of Uganda over the years, and hope to complete the latest deal there very soon and become a non-operator with a 10% holding. You are also right that Guyana provides us with some very exciting exploration opportunities that we will be drilling this year – only this week we confirmed that we will be drilling 3 wildcat wells in 2019. I appreciate your feedback on where we should take the business going forwards which I will pass this directly to Paul McDade (CEO ) and Les Wood (CFO). If you would like to discuss anything in more detail, do feel free to send me your contact details. Many thanks,	subsurface	Read Full Thread Reply
21/1/2019 21:00	https://www.google.co.uk/amp/s/www.theeastafrican.co.ke/business/Now-Kenya-postpones-first-crude-oil-export/2560-4944156-view-asAMP-ww3rno/index.html	money mad	Read Full Thread Reply
21/1/2019 14:25	Let you know on that one ,I am very sure many of the posters are much better at putting things over than me but i gave them some feedback I am tired of the problems and don,t want to see future good news off set by bad .thanks	subsurface	Read Full Thread Reply
21/1/2019 13:54	Hi SS, Not sure how they'll take to being told how to do their job but it can't do any harm! If it helps to have my signature on anything let me know. ;-) S	mcsean2164	Read Full Thread Reply
21/1/2019 13:02	21-Jan-2019 10:12:44DJ Tullow Oil Frustrated by Slow Progress in Uganda: Canaccord Genuity -- Market Talk 1011 GMT - Tullow Oil's performance continues to be frustrated by the slow place of progress at the farmout of its Ugandan assets, Canaccord Genuity analysts say. The financial-services firm says Tullow's farmout in Uganda is expected to complete in the first half of this year and, if it remains on track, there should be a significant reduction in net debt at the end of the year. Canaccord has a buy rating on the stock but cuts the price target to 280 pence a share, down from 290 pence previously. (oliver.griffin@dowjones.com; @OliGGriffin)	itsyou	Read Full Thread Reply
21/1/2019 12:09	Here we go again ! Uganda,It seems quite clear that tax is either payable or its not,unless the goal posts have been moved or the petroleum agreement is not up to scratch. if you look at for example Guayana petroleum agreement Article 32 https://www.tullowoil.com/Media/docs/default-source/5_sustainability/orinduik-petroleum-agreement_tullow-guyana_eco-guyana_governement-of-coop-republic-of-guyana_14-01-16.pdf?sfvrsn=0.033503933136604214 Do we have stability clause in the Uganda agreement not found it on the web, Going back to 2012 The signing of the agreement had also been delayed because government of Uganda was objecting to demands by oil companies insisting on including a clause that would protect them in case taxes rose. President Yoweri Museveni and some of the government bureaucrats have been opposed to the so-called stabilization clause. The stabilization clause if included in the agreement would stabilize the incomes of oil companies in case taxes in Uganda increased. It is not clear how the two parties have resolved the standoff over the protective clauses. Kabagambe Kalisa, the Energy Ministry Permanent secretary could not deny or confirm the conclusion of the deal. He said he is hesitant to comment on the matter because he is on leave. The new agreements have been entered in disregard of a Parliamentary resolution asking government to halt any transactions in the oil sector until when new laws on the sector are concluded. Much has been written on this over the years so whats the problem? I know its difficult but these agreements need to be sorted out before we commit money to a project.. The Chairperson I was disappointed that at the capital markets day presentation The chair was introduced as being sat at the back of the room ,this was a good opportunity for her to introduce herself ,and tell us about her vision for Tullow. On Manpower levels over 1000 Emplyees I don,t have a breakdown but if we shrink the company we seem to have been working up drilling targets for years In Guyana Orinduick block a possible 12/13 drilling targets Kanuku can only find comment on a couple=2 from Repsol to date and we have Ghana to drill out another 7 so thats circa 20 keep us busy drilling for some time do levels reflect that and if we are top heavy is it possible to sell a service to other companies to do interpretation at a price,.a new Revenue stream.! Debt Issue I am not a finance man but when we built up the mountain I started to learn about it by asking the question on Google what is an appropriate level for a mid cap oil company? hxxps://www.investopedia.com/ask/answers/060315/what-debt-equity-ratio-common-oil-and-gas.asp Common debt-to-equity ratios for oil and gas companies Learn about the trend of debt financing in the oil and gas industry since the financial crisis as expressed through the debt-to-equity (D/E) ratio. www.investopedia.com hxxps://www.gurufocus.com/term/deb2equity/TUWOY/Debt-to-Equity/Tullow-Oil-PLC Tullow Oil PLC Debt-to-Equity (TUWOY) Tullow Oil PLC has a Debt-to-Equity: 1.43 (TUWOY). Tullow Oil PLC Debt-to-Equity description, competitive comparison data, historical data and more. www.gurufocus.com My Question is when do we expect to get to an Industry norm given that we have dividend to pay ,drilling in Guyana and Ghana and hopefully a share in a new block in Ghana? to pay for As of 2018, the range clusters within 0.5 and 0.9 with crude oil prices trading in a range between $50-70 per barrel. Just to finish I think we have been very lucky with the oil price last year has helped our recovery ,The machinery insurance was another great positive ,and the hedge program,. and we are in a very good potential position in Guyana. Note, the way Total moved in when it was de risked please steady the ship, I will give you a few more years!,best wishes and good luck ps Disclaimer my article may contain some forward looking statements!	subsurface	Read Full Thread Reply
21/1/2019 11:58	Hi Chris, Thank you for your prompt reply, as you will see from the following I have looked at Tullow from many different angles,so I want to try to make a contribution and share some of my findings in some small way perhaps to help turn around Tullow being a long term holder I think of Tullow as OUR company/ ownership! Ghana, As part of our shared prosperity we listed on the Ghana Stock Exchange we doubled it in size The Ghana investor sees Tulllow Ghana doing very well, great production and cash flow. The problem is the investor has seen the share price go from 31Cedi to below 12 and they lost the dividend, Bit of a Mess! And just to cap it all Ghana National pension scheme were invested If they still are I would imagine we will have a lot of unhappy people in a place that is our jewel in the crown. So for me The Lesson is we need to think things through ,great when everything is going well ,But we need to be careful!. Another Example How trying to do good could work back on us https://www.bbc.com/news/world-africa-46810376 Kenyans mourn mass camel 'poisoning' - BBC News At least 94 camels have died in northern Kenya from suspected poisoning after drinking water in an abandoned well. At least 26 others were in critical condition, Shanda Guyo, a veterinary officer ... www.bbc.com I am not suggesting that this is anything to do with Tullow but look at this It might be better to Pay the government to put the water in so we have no liability or exposure.and it shows what could go wrong . note Africa press! hxxps://www.standardmedia.co.ke/article/2001291590/locals-feel-the-pain-of-oil-standoff-after-tullow-cut-off-water-supply Locals feel the pain of Oil standoff after Tullow cut off water supply :: Kenya - The Standard - standardmedia.co.ke A desperate herder Ng'inyang'an Ebenyo,52, tries to open a dry tap at Dapar village in Turkana East after Tullow oil company disconnected water supply in the area. www.standardmedia.co.ke My thoughts here are that in every meeting at every level near the end we spend a few minutes focused on what can go wrong with our plan! Drawing a line under Tullow a new start! Before we do we need to reflect on the past every aspect Its quite a task we need to spring clean, but we can learn from it. Just as an example , I would look at what was said at interviews that were given on U tube. I note that Disclaimers and Future looking statements are added to written statements how do we stand on verbal? Job for the Legal Dept. Aiden said Our market cap is 13 Billion pounds for our share holders to be happy we would have to double that in the next 3 to 5 years its a big achievement if we do And we Will? Could our company be brought to task ,do we need a disclaimer with the interview or a conference web cast. If does imply doubt are we ok ?. https://www.youtube.com/watch?v=ercxWJKtXbo Interview with Aidan Heavey, CEO Tullow Oil plc April 2011 - Aidan looks at the success of 2010; First Oil In Ghana, the discoveries in Uganda and discusses why Africa continues to be a hugely important part of ... www.youtube.com I have a few more topics but as this e mail is long I will send you one more then leave you in peace! Best regards	subsurface	Read Full Thread Reply
21/1/2019 11:39	Thanks xx, I have one reply My comments have been passed to CEO,and CFO and have sent two more long e mails as soon as they reply I will share them some more news hTTps://www.theeastafrican.co.ke/business/Now-Kenya-postpones-first-crude-oil-export/2560-4944156-8p4xt9/index.html hTTps://www.britsinkenya.com/2019/01/21/london-based-tullow-announce-plans-to-invest-ksh7-billion-on-kenyan-oil/ after that I will give it a rest promise.	subsurface	Read Full Thread Reply
21/1/2019 11:12	SS - well done, will be interesting to see their response. R - does anyone actually understand seismic? It's one of those dark arts thats very difficult to comprehend. The article you reference seems very interesting, for the reasons you highlight. Speed and better illumination. First use seems to be in the GoM, which is a very deep basin, with the deepest wells currently being drilled to about 35,000ft, and often where deposits are associated with salt structures. Speed, seeing deeper, and seeing below salt are perhaps the initial wins with this new technology. Would imagine this sort of thing is very expensive. Wonder how long it will be before smaller companies benefit from this? I did read once that Total had one of the worlds largest computers hTTps://www.total.com/en/media/news/press-releases/totals-supercomputer-now-industrys-most-powerful-worldwide Good to know, Total might be on the case in Guyana, with their mega peta-flopper.	xxnjr	Read Full Thread Reply
19/1/2019 01:53	Mcsean On the subject of stick our Ghanaian brothers and sisters may well have the job in hand perhaps a reason to reinstate the dividend. Tullow Listed on the Ghana stock market and doubled the size of the exchange,part of the shared prosperity? Tullow are doing very well in Ghana making lots of cash just a small problem the, Ghana investor sees Tullow doing so well but has done his money on the share price and try taking a dividend away from a Ghanaian. hTTps://www.myjoyonline.com/business/2017/May-17th/tullow-shareholders-angry-over-suspension-of-dividends-payment.php hTTp://ghananewsonline.com.gh/tullow-shareholders-cry-dividend/ They thronged the conference room, and when they get going bet they don,t hold back Tullow management get the stick and Ghana national basic pension scheme are in as well In 2011 Tullow opened at 31cedi per share now just under 12 With Ghana being the jewel in the crown Tullow need to take care!	subsurface	Read Full Thread Reply
18/1/2019 19:45	My letter to investor relations Dear Mr Perry, To Introduce myself I am a long term investor in Tullow and have followed its fortunes daily for 18 years .Tullow being my main shareholding . The last 5 years or so have been poor due to many factors,some of which are out of Tullow,s control and some which are not. It would seem that Tullow tried to grow too fast in the good times The money they have written off over the years has been staggering as well as the debt mountain from the Ten project has brought the company down along with its reputation. On Top of that the Sea drill /Kosmos spat and the failure to get Uganda farm down completed and miss the latest debt target, though granted they have made inroads. has brought me to write this letter, I want to express my thoughts on the way ahead for Tullow. Ghana has proved itself a good place to be another block would be great Model 1 The FPSO situations 3 to 4 years to first Oil has proved very good. and away from community problems and security issues Model 2 Guyana Exploration Let others do the spade work, De Risk example Exxon both in drilling and politics If we look at Uganda, Kenya Peru ,Comoros Islands Zambia Unstable or land locked countries without infastructue or laws/regulations that need pipelines that cross borders.are draining the cash from Tullow and Tullows management energy. Uganda is a prime example 12 years since first drill ,You know the rest how many to production ? I would shrink the company sell out Uganda farm down Kenya or sell off and pay down the debt mountain we have good cash generation and a chance of a transformational change with the drill bit ,look at staff levels again from the very top to the bottom , may be run the company with a CEO and a Finance Director and stop paying out for under performance. Bring back Aiden would be positive event. lets turn Tullow around. In conclusion keep model 1 model 2 as a strategy Sell down /exit the long term problematic assets to pay down debt mountain, and reduce Operating costs. Thanks, Yours Sincerely.	subsurface	Read Full Thread Reply

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