Tullow Oil Share Discussion Threads

[suarez99] 12/8/2016 07:09

That is assuming the date is accurate and that it is not out of date news or that it has not been misquoted or brought forward, just imagine if news came earlier now that might catch a few with their pants down. So stick or twist ?

[sirmark] 11/8/2016 22:52

Short squeeze and they now have a date of which to exit by ....... Major rerate coming Oil rising Ten next week, ooooo I can't wait, I feel we're in for a very good run

[ibug] 11/8/2016 21:54

So a week today the share price might soar to new highs on higher production putting the business into profit...perhaps an extra 50p - 70p on the share price

[suarez99] 11/8/2016 20:17

Barring any hitches, President John Mahama, will on August 18, 2016 turn on the valves to symbolise the commencement of oil production at the Tweneboa Enyenra and Ntomme (TEN) oil field in the Deepwater Tano Block.

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[suarez99] 11/8/2016 20:10

" The TEN project, which will produce its first oil on August 18, 2016, will begin the production of gas in the first quarter of 2018."

[kevjones2] 11/8/2016 19:44

Leoneobull, I know you linked the PoO good news article in good faith but the URL name on your link is from another article from yesterday. CNBC created the wrong article name!! The actual article is entitled:

"US oil settled at $43.49 a barrel, up 4.27 percent, or $1.78"

The first paragraph reads:
"Oil prices rose more than 4 percent on Thursday on comments from the Saudi oil minister about possible action to stabilize prices and as the International Energy Agency forecast crude markets would tighten in the second half of 2016."

Good day for Tullow today especially. If the PoO continues to rise overnight it could be a very, very good day tomorrow indeed.

[suarez99] 11/8/2016 19:37

Oil prices rise more than 4% on Saudi minister's OPEC meeting remarks

[ibug] 11/8/2016 12:41

Maybe Kosmos will become a takeover target for TLW?.

[ibug] 11/8/2016 12:38

NEWS DUE THIS WEEK OR NEXT WEEK imo....and a potentially much higher share price


Tullow Oil-operated Tweneboa, Enyenra and Ntomme (TEN) project, located offshore Ghana, is expected to produce first oil ‘shortly’;.

Kosmos Energy, Tullow’s partner in the project together with Anadarko, GNPC and PetroSA, confirmed on Monday Tullow’s recent statement that said first oil from the project was expected in early August.

Kosmos said that the start-up of the TEN project remains on schedule and on budget, and that the project is 99% complete.

To remind, at the end of June this year, Tullow informed it expected to deliver first oil within the following ‘three to six weeks’.

Kosmos also said on Monday that eight of the eleven previously drilled wells have now been completed. Hook-up and commissioning of the floating, production, storage and offloading (FPSO) vessel, the Prof. John Evans Atta Mills, connecting the pre-drilled wells to the vessel via the subsea infrastructure, is nearing completion, the company added.

A gradual ramp up in oil production towards the FPSO capacity of 80,000 bopd is anticipated around the end of 2016 as the facilities complete performance testing and well production levels are increased to optimal rates.

Kosmos stated that, per operator guidance, average annualized production from TEN in 2016 is expected to be approximately 23,000 bopd gross during the year, which equates to an average of approximately 55,000 bopd while it is online in 2016.



Kosmos deepens 2Q loss



The American oil company Kosmos also on Monday posted a deeper loss for the 2Q 2016 that totalled $108.3 million, compared to a net loss of $75.2 million in the same period last year.

Furthermore, the company’s revenues dropped in 2Q 2016 to $45.7 million, compared to $121.8 million in the prior-year quarter.

Kosmos’ total capital expenditures in the second quarter were $184 million, which primarily reflects spend on the company’s exploration and appraisal drilling program and the TEN project.

The company expects its capital expenditures to ramp down in the second half of the year as it paused the drilling program in late May and expects to see a reduction of TEN spending after achieving first production during the third quarter. The forecast for full-year 2016 capital expenditures remains approximately $650 million.

Offshore Energy Today Staff

[suarez99] 11/8/2016 10:11

Good news is coming :-)

[azalea] 11/8/2016 09:06

The ups and downs of the price of oil are due to various parties trying to boost the p.o.o. for their own gains by suggesting various scenarios, such as OPEC meeting to agree to freeze output. What few if any mention is that Iran is reported to have said it will not agree to any freeze in output until its sales achieve pre sanctions levels. Iran is desperate to earn dollars to pay for the repairs to its oil wells and has recently committed billions of dollars to buying U.S. Boeing and French Airbus passenger aircraft to replace those that are barely airworthy. . Only weeks ago there was a report that Saudi Arabia was aiming to sell as much oil as it could before demand and prices fell even further.

[kevjones2] 11/8/2016 08:46

By the way, I urge all posters to read abarclay's posts on various ADVFN threads this morning alone.

If I was the type of source he uses my headline would be:

"Crazed shorter runs amok on business bulletin boards. Obviously losing his small parental inheritance."

[kevjones2] 11/8/2016 08:33

We need a post from NY Boy predicting a huge share price drop to help reverse this trend and make the share price rise.

[abarclay] 11/8/2016 06:59

Live: Risk sentiment on the back foot as oil prices tumble
Spriha Srivastava | Kalyeena Makortoff | David Reid


Our live blog is tracking market reactions as global stocks are dragged lower by a sell-off in oil prices, after crude inventories rose stateside and Saudi production hit a record high in July.

[ibug] 10/8/2016 20:57

Perhaps news about project TEN is on the way....and what a boost that might be for the share price imo.

[value king] 10/8/2016 19:37

It has been a good couple of day for TLW. Oil feels like it is consolidating here.

[kevjones2] 10/8/2016 18:47

Deutsche Bank AG increase their holdings a couple of days after shorters increase theirs? Someone's wrong.

[kevjones2] 10/8/2016 16:58

Held up very well today under intense pressure.

[dlewis1] 09/8/2016 12:36

Somebody is quite confident to buy 25,000 @ £223

[nicebut] 09/8/2016 11:31

It is quite remarkable how many shorts there are on here....What do they know, if anything? Or is it just longs hedged?

9 funds at 12.05% and thats just those over .5%

[dealer1972] 09/8/2016 09:57

Shorts now at 12.06%. Increased yesterday, rather bad timing!

[sirmark] 09/8/2016 09:38

11% short..... That's a hell of a lot of stock and with TEN about to come on line, well let's just say they'll be scrabbling to buy there positions.