Tullow Oil Share Discussion Threads

[robo175] 22/9/2018 19:42

Thanks mccraken.

[mccracken227] 22/9/2018 11:28

robo175 Pel 37 is the block in Namibia

[robo175] 22/9/2018 11:12

Hi guys which block in Namibia is Tullow drilling in?.

[jimarilo] 21/9/2018 19:02

On the ASX the rules are if there is anything material during a drill they have to collate the info before announcing, which might entail testing samples etc

"(a) Pancontinental is seeking the trading halt pending the making of an announcement to the market in relation to the Cormorant-1 well, offshore Namibia and the results of drilling"

This is why I think AEC said they are not aware. While Pan complete the announcement

AEC also want to complete a Namibian deal ahead of the C1 results which is going to be very nip and tuck

They are presenting in Sweden on Monday and Pan want to be trading on Tuesday

[xxnjr1] 21/9/2018 15:04

"Africa Energy is not aware of any material non-public information"

Africa Energy have 10% of this well. You would have thought they were in the loop. Seems odd they don't know what's going on, whereas Pancon do.
(if it's about drilling progress)

[alfiex] 21/9/2018 14:34

Lets hope its good news

[ifthecapfits] 21/9/2018 14:04

Thanks. So news, good or bad, likely between now and Tuesday 25th September.

[jimarilo] 21/9/2018 14:01

VANCOUVER, Sept. 21, 2018 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) ("Africa Energy" or the "Company") acknowledges the stock trading halt in Pancontinental Oil and Gas NL (ASX: PCL) ("PCL") today pending an announcement regarding the Cormorant-1 well offshore the Republic of Namibia. Africa Energy is not aware of any material non-public information

[subsurface] 21/9/2018 08:31

From ECO yesterday



SS

[ifthecapfits] 21/9/2018 08:00

Its a gusher! LOL - hope so.

[jimarilo] 21/9/2018 07:57

ASX rules may need to announce every target zone hit

Hence the above announcement possibly

Certainly doesn't take four days to announce a duster

[jimarilo] 21/9/2018 04:24

I would have thought the boys on the rig may have a sniff of something maybe next week, if they were going find something. Could be a few days ahead ? looking positive ?

Pancontinental Oil & Gas NL (“Pancontinental”;) requests an immediate trading halt in respect of its securities. In accordance with Listing Rule 17.1: (a) Pancontinental is seeking the trading halt pending the making of an announcement to the market in relation to the Cormorant-1 well, offshore Namibia and the results of drilling; (b) Pancontinental is seeking the trading halt to assist in maintaining an orderly market in the trading of the company’s securities and managing its disclosure obligations; (c) Pancontinental requests the trading halt until the earlier of the commencement of trading on Tuesday 25 September 2018 or Pancontinental releasing an announcement to the market concerning this issue; and (d) Pancontinental is not aware of any reason why the trading halt should not be granted. For and on behalf of Pancontinental Oil & Gas

[mcsean2164] 20/9/2018 15:05

Very positive today, oil down tlw up. Good stuff and about time.

[xxnjr1] 20/9/2018 15:00

Official number is about 15%. When I looked at some earlier PanContinental slides on Cormorant, their appeared to be a second deeper fan sitting underneath Cormorant. This underlying fan seems to be in close proximity to the Aptian source rock. Maybe they will drill deeper to test this too. OTOH TLW talk about only drilling cheap and simple wells. We'll see.

[ifthecapfits] 20/9/2018 10:48

Anyone have the CoS on the Namibia drill?

[xxnjr1] 19/9/2018 17:22

Good to know TLW are drilling Cormorant down to the Albian as per AOI presentation.

[ggm5d] 19/9/2018 16:54

TLW fans, get into Africa oil, train is leaving the station hxxp://www.africaoilcorp.com/s/home.asp

[subsurface] 19/9/2018 16:25

Mariopeter I think they are committed to drill in a time frame
ss

[ifthecapfits] 19/9/2018 15:43

"On the demand side, the rolling 4-week average for gasoline demand hit a seasonal record high in data going back to 1990 last week."

[mariopeter] 19/9/2018 15:33

Oilers squat and Oil migrates.

Not expecting a good drill result in Namibia but something must have drawn them away from South America.

[ifthecapfits] 19/9/2018 15:27

Namibia is a fantastic country. Spent two months there about 10 years ago - went bush - so to speak with a mate and his two dogs. share price doing nicely today.

[xxnjr1] 19/9/2018 10:14

Squatting in Namibia is all the rage these days.

[fraserdean] 19/9/2018 09:32

Don't forget Cormorant has only a 15% CoS, ie it's very unlikely to be a commercial discovery

[jimarilo] 19/9/2018 02:58

Didn't see this coming, the acreage has some 3D completed already, next door to Eco's Cooper block PEL 30 and 40 clicks from Tullows C1 in PEL37

We also have a ready made CPR from TRP

Page 6, the Delta prospects 5.68Bln barrels mid case

Delta leads showing 6.68Bln barrels mid case .....cos up to 31%

The Gamma prospect drops into this block as well



Combine both PEL 29 and 2011A we have a grand total of 15.94Bln barrels mid case

Two single prospects Gemsbok and Delta of 7.43Bln barrels mid case