Tullow Oil Share Discussion Threads

[frontdoor bull] 28/4/2016 07:31

20p jump straight away, no probs.

[hearts1] 28/4/2016 07:25

So debt sorted till end of year. NB - really not sure. Could be they see the debt as an issue going forward? TLW has had a good run of late, and it's probably wise to bank some profits, but with TEN 2 months away I think there's more upside with the caveat that PoO remains constant or higher.

[oilretire] 28/4/2016 07:22

Two export routes in East Africa:

At a meeting between various East African Governments in Kampala on 23 April 2016, it was agreed that Uganda and Kenya would develop separate, standalone export pipelines for their oil resources. Tullow welcomes the clarity and certainty that this decision brings. In Uganda, Tullow will now work with the Government of Uganda and our partners on the development of these significant resources through a Uganda-Tanzania pipeline. In Kenya, the Group continues to examine the data from its recently concluded appraisal campaign and our initial assessment indicates recoverable resources of up to 750 million barrels of oil in the South Lokichar Basin. The Group continues to review options for re-starting the exploration campaign in this basin to de-risk the overall upside potential of 1 billion barrels. Tullow will now work with the Government of Kenya and our partners on a range of options for the independent development of these resources including early production using existing infrastructure which would provide valuable reservoir data ahead of a full field development with an export pipeline.

[nicebut] 28/4/2016 07:13

-- Routine six-monthly Reserve Based Lending redetermination process completed. Debt capacity of $3.5 billion secured.

-- Revolving Corporate Facility extended by 12 months to April 2018, with an initial committed amount of $800 million as of April 2017. An accordion feature has been agreed with Lenders for an additional amount of $200 million.

-- End of April net debt estimated to be c.$4.5 billion and unutilised debt capacity and free cash of c.$1.3 billion. Capex guidance for full year 2016 revised down by c.$0.1 billion to c.$1.0 billion with further savings expected.

`Finally, I am very pleased to announce the completion of our RBL re-determination and the extension of our RCF. This demonstrates the continued strong support of our lending banks and is an important sign of confidence in Tullow's excellent asset portfolio."

[bigbigdave] 28/4/2016 07:11

Tullow Oil PLC AGM Trading update, looks very decent!

[bakedbean57] 27/4/2016 21:39

Odey dropped out the boys club lost a few quid apparently??

[careful] 27/4/2016 21:03

odey has een losing a shed load of cash recently.
still,at 2+20% why should he worry.

[nicebut] 27/4/2016 20:03

Hearts,

Nice move today...PoO going well still.

Do you think Odey are just hedging a largish long position or are they just a little bit stupid and obstinate? I see they are up to 3.77% short- That`s 34.3m shares! Thought they might be starting to close last week...but seems not, as back up again with their %! What, if anything, do they know that we don`t?

[robo175] 27/4/2016 18:12

This is a great share to trade buying the dips.

[eipgam] 27/4/2016 16:46

capital now over 15%

[mccracken227] 27/4/2016 15:56

Only tlw could perform like this!!!!

[dlku] 27/4/2016 13:17

SIA soco also firing up

[oldvic] 27/4/2016 13:16

should we start thinking like we did a while ago


take over target ??????????

[brucie5] 27/4/2016 11:09

Be nice if it held over 250 today.

[ifthecapfits] 27/4/2016 10:49

POO on a proper march today:

hxxp://www.livecharts.co.uk/MarketCharts/brent.php

[bigdazzler] 27/4/2016 09:34

Don't worry rubberbullets will probably come back with some info to make the price drop.

You know something classic like tullow price to plummet as more snow predicted in Scotland.




Personally loving the rise.

[mercer95] 27/4/2016 09:33

Lol zingaro Maybe Tullow have discovered kryptonite in one of their mines

[gersemi] 27/4/2016 09:32

300p by end of the week!

[ifthecapfits] 27/4/2016 09:32

GC in place, POO on the up, ten coming on-line, sentiment changing, RSI strong - what's not to like....

[hearts1] 27/4/2016 09:31

FSA prat, you were telling everyone here to sell at 1.50. This is over 300 by August.

[brucie5] 27/4/2016 09:24

Whizzing up. What's up?

[zingaro] 27/4/2016 09:18

FSA: thanx fur tat leson in eenglisch litchatur.

[fsawatcher] 27/4/2016 09:13

250p

i was nervus at 125p but now very happies

I also got some Anglo American at 260p and they touch 790p last week

how can market give price away so cheaply? Is market stupid , i fink so.

it woz stupid hedge fund that short stock that give me great opportunities

they lost billions , they fink they smart but they just east end gangsters in savil row suits

fruit and veg market traders

[kevjones2] 26/4/2016 21:26

I believe Tlw have a trading statement due out on Thursday. Hopefully, it will contain good news.

[zingaro] 26/4/2016 20:36

Olieslim: wtf ia that about