Tullow Oil Share Discussion Threads

[xxnjr1] 25/4/2018 08:43

Frazboy - Jubilee FPSO used to be capable of about 115 to 125K excluding downtime in it's earlier days. It's rated at 125K iirc. Quite a few years ago, McDade was touting the notion that they could get it up to 145K with a bit of serious de-bottlenecking. Since then, they've been firefighting on various fronts just to get the paltry output numbers we've seen over the years. FPSO was converted VLCC by MODEC (good) but they've either been unlucky or are not the best of operators. Whether Tullow as operator can get it back up to 120K remains to be seen.

[nicebut] 25/4/2018 08:40

So is there a gap at 2.35p now?

[frazboy] 25/4/2018 08:32

mariopeter - so non-operated WA the production highlight? And Jubilee a bit off, fair comment?

[ifthecapfits] 25/4/2018 08:25

Does anyone now what the CoS of upcoming Namibia drill is? Also details of the 3D would be good - if made available.

[teamwork1] 25/4/2018 08:19

It should recover by the end of play today

[mariopeter] 25/4/2018 08:17

Actuals and budget in brackets:

UK 2700 (1900)net
Jubilee 32600 incl 10000 from Insurance (36000) net
Ten 32400 (33000)net
Non op W Africa 23100 (19100)net

Total actual 90800 against upper end of budget of 90000.

[frazboy] 25/4/2018 08:04

that's only 81,000 gross from Jubilee had it not been shut-down. you have to assume that it would have been higher than that, but as start-up isn't instant, perhaps 85,000 ish? not sure how that compares with historical data/production forecasts.

[mariopeter] 25/4/2018 08:03

Good sell Spawny. Still holding here. Weak today I guess but think Trump has it in for Iran despite Macron and Merkel visits. EIA later today.

[spawny100] 25/4/2018 07:53

Thanks mario. Yes I remember your target of 3.4b. Spot on!

[mariopeter] 25/4/2018 07:51

Jubilee struggled because of close downs but Non-operated West Africa portfolio did really well. Ten on target. Net debt in line with (my)target of 3.4b to 31/3/2018.

Uganda sorting itself out with FID later in 2018. Total still have all the money from the farm out (and more). O/s is close to $1b which is a bit much for 10% ownership going through development. Beginning to wonder if we should raise funds (debt and equity)and keep our holding. Government approval is still o/s for farm out.

FID for Kenya 2019 and still think we will farm more of that out at hopefully a higher oil price.

High impact drill Namibia 3 quarter 2018.

Overall: Fine.

[spawny100] 25/4/2018 07:49

Was just going to post similarly xxnjr. It was the debt was my concern. I think they will get a bit hammered this morning. Nothing shocking elsewhere but nothing ahead of expectations either to boost the price today I feel.

[xxnjr1] 25/4/2018 07:33

It's shocking the debt is still $3.4bn end Q1.

At Y/E 2017 it was $3471m.

Hedging effects and refinancing costs taking their toll.

Anyone who sold yesterday should be delighted.

[leoneobull] 25/4/2018 07:32

Looks like a typical agm. Previously reported news nothing or not much new?

[leoneobull] 25/4/2018 07:03

Trading update out https://www.tullowoil.com/media/press-releases/2018-agm-trading-update

[nicebut] 24/4/2018 19:29

Thats a shame...Will hit stocks...and PoO by the looks of it.

[xxnjr1] 24/4/2018 19:12

US 10 yr bond flirting with 3%

[sux_2bu] 24/4/2018 17:58

£5.37 is a good target, but After all the dilution, do you think this feasible ?

[nicebut] 24/4/2018 17:30

My LT target is £5.37, as I said when you `RNSed` your target. I cashed in some traders today too...Be interesting to see what occurs over the next few days. Expecting good numbers and update on (TEN) drills.... so will it move on higher or profit take after a spike.

[spawny100] 24/4/2018 17:24

Cheers all. I just identified this one not long ago as one with potential due to the regular swings both ways. Just was lucky to catch a good wave for the first trade here.

[moneybags] 24/4/2018 17:20

spawny100............Well done, That man.
The day I 'regret' taking a profit,is the day I stop share trading, And I have had shares since 1962.
A profit is what it's all about.
It sure beats working for a living..........!!!

Aye, MoneyManxBags

[cojones] 24/4/2018 16:52

Dont forget spawny that the higher the rsi is the stronger a rise will be. Its not always a sign of over & under bought.
..and of course well done on pocketing a fine profit ;))

[spawny100] 24/4/2018 15:49

Thanks nicebut yeah £2.40 was my target this leg. Possible doubletop and high rsi and has to retrace some point after this rise.

[moneybags] 24/4/2018 15:34

sux...........Or has the results update been leaked.....?

I am still holding

Regards , MoneyDubiousBags

[nicebut] 24/4/2018 15:32

Well done spawny..profit is a profit...I remember you saying 2.40 target.

[sux_2bu] 24/4/2018 15:25

This quick rise is being forced for tomorrow, Imo. Are the traders going to slam dunk it back tomorrow.Interesting times ahead.