Tullow Oil Share Discussion Threads

[xxnjr1] 05/2/2018 20:31

Hi there frazboy. Agreed. Incidentally did you notice Kosmos Energy doing a damn good job confirming my theory about exploration being value destructive ;-)

[frazboy] 05/2/2018 20:24

markets are very nervous. Tullow has a beta of 1.5, so i expect to open down tomorrow, perhaps 10p - if the Dow closes at the current level (24,600 as I write).

[xxnjr1] 05/2/2018 20:14

Perhaps not. Snapback rally. Only off 1100 now!

[xxnjr1] 05/2/2018 20:12

Has Donald Trump tweeted something?

[xxnjr1] 05/2/2018 20:11

Now off 1500!

[xxnjr1] 05/2/2018 20:09

Now off 1100!

[xxnjr1] 05/2/2018 20:07

53 mins to go, Dow off 1000!

[xxnjr1] 05/2/2018 20:06

55 mins to go, Dow now off 875!

[xxnjr1] 05/2/2018 19:54

With 65 mins to the close, the Dow is off about 600pts.

[leoneobull] 05/2/2018 18:19

I'd expect to see some shorts closing at these lovely prices.

[lairddavid] 05/2/2018 17:54

looks as if a visit to the 200 day ma is on the cards...then its fingers crossed.

[xxnjr1] 05/2/2018 16:32

mcsean2164 - it looks like you've been stung ;-)

[xxnjr1] 05/2/2018 15:44

I see Hess are taking "an after-tax charge of $280 million ($280 million pre-tax) to fully impair the carrying value of our interest at the Hess operated offshore Deepwater Tano/Cape Three Points license, offshore Ghana (Hess 50 percent license interest) based on management’s decision to not develop the discoveries."

I guess thats because Hess wants to concentrate on Guyana. Not sure how big the Ghana discovery was, it's called Pecan or something like that, but seems to be oil, gas and condensate spread around various accumulations. Maybe of interest to Tullow but do they really need more exposure to Ghana? Probably not. Plus that would mean working with Lukoil.

[alfiex] 05/2/2018 15:25

Even with good results we may not get back to mid january price of 2.35

[mcsean2164] 05/2/2018 14:39

Fingers crossed, I've 🐝n hoping to book some profits here for a while but resisted when it was last above £3 and hasn't hit my target since. Come on Wednesday!

[leoneobull] 05/2/2018 14:20

Results Wednesday. Will be a relief to see some nice profit

[mcsean2164] 05/2/2018 09:27

Poo over $10 higher since funding last may. Good news from ten resolution with itlos and so below £2??? Barring their stupid hedge, things couldn't get much better for Tullow in the last year, when are we going to see the share price recover?

[oilretire] 05/2/2018 07:55

More getting into bed with Total....Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block. These agreements come after entering into an option agreement for the nearby Orinduik Block. Subject to the approval of relevant authorities, Total will thus own exploration rights to an area covering over 12,000 square kilometers in the Guyana Basin."Total is very pleased with this significant entry in the prolific Guyana Basin," says Arnaud Breuillac, President, Exploration & Production at Total. "The Canje, Kanuku and Orinduik blocks are located in a very favorable petroleum context, evidenced by the Liza discovery in 2015. Acquiring interests in these highly prospective licenses is in line with the new exploration strategy in place since 2015."Total acquires a 35% working interest in the Canje Block, located in water depths of 1,700 to 3,000 meters, under the terms of the agreement signed with an affiliate of Canadian company JHI Associates, Inc. and Guyana-based company Mid-Atlantic Oil & Gas, Inc. These two companies will retain a shared 30% interest alongside operator ExxonMobil (35%).Total acquires a 25% working interest in the Kanuku Block, located in water depths of 70 to 100 meters, under the terms of the agreement signed with operator Repsol (37.5%), and will be a partner alongside Tullow (37.5%).Total holds an option to purchase a 25% working interest in the Orinduik Block, located in water depths of 70 to 100 meters, under the terms of the agreement signed in September 2017 with an affiliate of Canadian company Eco Atlantic Oil & Gas Ltd, who will retain a 15% interest following exercise of the option, alongside operator Tullow (60%).

[xxnjr1] 05/2/2018 00:58

Perhaps the best option for Tullow would be a similar farm down to Uganda; i.e end up with some residual equity in the project, some cash "now" + a full carry to first oil. It's all very well finding oil in remote onshore locations like East Africa but getting the oil to market is really a job for Big Oil type companies with massive balance sheets. Tullow typically tends to (i) explore in very frontier locations and (ii) avoid territories with very strong national oil companies like Angola (Sonangol), Nigeria (NNPC), Brazil (Petrobras), Mexico (Pemex) etc. That seems to have been the game plan over the years. But it does have it's drawbacks. Look how long it's taken Uganda to get their act together, sorry I mean look how long it's TAKING Uganda to get their act together - 13 yrs since 1st discovery and maybe another 4 or 5 years to 1st oil if we're lucky.

[grupo guitarlumber] 04/2/2018 10:09

AGREE WITH frazboy

take from an article that sounds reasonable and true

but

BEWARE OF NEWS AND SHARE ADVICE AND ANALYSIS NOT WRITTEN BY HUMANS

normally the suspect articles give historic news and facts
with lack of forward thinking unless repeating what been already been written





ONE CANNOT OPEN A THREAD ON ADVFN FRANCE IF YOU ARE A ROBOT

it makes use of re captcha

[frazboy] 04/2/2018 09:32

For me, the key part of the article is:

“The FEED is expected to inform the specifications of the pipeline as well as how much it will cost the country. The ministry, however, has in the past estimated that the pipeline could cost as much as Sh200 billion”

The FEED will include a +-10% cost estimates for the pipeline which is a very significant part of the whole development CAPEX - I would have thought it’s essential to have this information prior to FID.

[frazboy] 04/2/2018 09:32

For me, the key part of the article is:

“The FEED is expected to inform the specifications of the pipeline as well as how much it will cost the country. The ministry, however, has in the past estimated that the pipeline could cost as much as Sh200 billion”

The FEED will include a +-10% cost estimates for the pipeline which is a very significant part of the whole development CAPEX - I would have thought it’s essential to have this information prior to FID.

[ariane] 04/2/2018 09:30

does standardmedia do robot articles like many these days

[leoneobull] 04/2/2018 08:46

https://www.standardmedia.co.ke/business/article/2001268379/how-french-firm-total-is-angling-to-buy-out-tullow-oilCould total be buying up tlw's stake in Kenya or at least becoming the operator?

[frazboy] 03/2/2018 20:42

i think we've already dismissed the article(s) in the standard as being of questionable merit, but everyone is keen to see what Tullow's view is of its Kenyan resources next Wednesday.

on a slightly different topic i was checking what percentage of his holding Aidan Heavey sold in late December. I think it was about 5%. Does that seem about right?