Tullow Oil Share Discussion Threads

[mcsean2164] 12/10/2018 09:01

Brent $81, Tullow £2.40

I guess the oil sector is unliked at the moment.......

[jimarilo] 12/10/2018 00:55

Wouldn't be to sure about that, US futures on the up ;-)

[mccracken227] 11/10/2018 22:33

With the Dow and poo looks like another bad day tomorrow:(

[n73] 11/10/2018 16:18

A band wagon trading style going on.

[n73] 11/10/2018 16:18

A band wagon trading style going in.

[b1lbo] 11/10/2018 15:21

TLW gets a mention here in relation to Guyana:

[xxnjr1] 11/10/2018 08:25

That's nothing. Chariot is off 69% having efficiently drilled a duster in Namibia to TD in only 11 days.

[ifthecapfits] 11/10/2018 08:09

Jeez - that's some sell off.

[rationaleee] 10/10/2018 21:23

Our production is hedged 45kbpd in '18 and 35kbpd in '19, that too at low 60s high or 50s as floor. Wonder if its heding that has to do with such a poor performance. In old money we are around 3.5 GBP but still that's a lot lower for a leveraged play like TLW.

[mccracken227] 10/10/2018 15:51

Unbelievable!!!

[porschepanamera] 10/10/2018 14:45

Hyper sensitive to any weakness in oil price, over reacts on any drop and underperforms on rises :(

[alfiex] 10/10/2018 14:35

Perhaps it is not reducing debt fast enough, can't see what will move this share with oil at this price seems to be out of favour.

[xxnjr1] 10/10/2018 14:24

Patience with Directors wearing thin?
What ever happened to under promise and over deliver.
Hopefully things will turn around soon :)
You mentioned PMO recently - did you get any PP?

[porschepanamera] 10/10/2018 12:32

It's not the price of oil and not the dollar so what's holding this back?

[fraserdean] 10/10/2018 11:07

Yep, investors don't like exploration any more.

Gotta say that's nice payback on the EG Hess deal, money back in a year is crazy.

[xxnjr1] 10/10/2018 08:35

Cormorant drilled through 3307m of rock in 20 days (165.4m/day) [Exceptional]
Pontoenoe drilled through 3697m of rock in 56 days (66.0m/day) [Kind of average for 1st frontier well]

If anyone can find oil in the Walvis Basin, Namibia then apparent ease of drilling would seem to enhance the economics, as has already been noted by a noted Namibia aficionado on the GBP thread!

[frazboy] 10/10/2018 07:51

Thanks for the update xx

[xxnjr1] 10/10/2018 07:43

Pontoenoe-1 in Suriname was water wet. Some updates on Ghana/EG

At Jubilee, production averaged approximately 94,500 barrels of oil per day (bopd) for the quarter, delivering two cargos net to Kosmos, as expected. One new producer well at Jubilee was brought online in the third quarter, with a second expected in the fourth quarter. Production from these wells, together with enhancements to gas handling capacity, is expected to increase Jubilee production towards the FPSO nameplate capacity of 120,000 bopd.

At TEN, production averaged approximately 62,600 bopd for the quarter, delivering one cargo net to Kosmos, as expected. One new producer well at Ntomme came online in August. Kosmos expects this well to support current production levels of approximately 70,000 bopd through the end of the year when a second new production well is due to be brought onstream to increase production towards the FPSO nameplate capacity. The TEN FPSO has previously been tested at rates above the 80,000 bopd nameplate capacity, and Kosmos expects to further test this capacity in 2019 as additional wells come onstream.

The Partnership approved a second rig in Ghana, which arrived in late-September. The second rig will be used for drilling operations, with the current rig set up for a continuous completion program. Taking advantage of low rig rates in the current environment enables the Partnership to accelerate the addition of new wells in Ghana, increasing production towards FPSO capacity sooner, with the goal of maintaining gross production from Jubilee and TEN of 180,000 to 200,000 bopd over the next three years.

Production in Equatorial Guinea averaged approximately 42,500 bopd in the third quarter, and with strong performance in the first half of the year the company remains on track to meet guidance for the year of 43,000 bopd. The installation of electrical submersible pumps ("ESP") to increase artificial lift capacity and enhance production is expected to begin early in the fourth quarter. As of the end of the third quarter, Kosmos has received approximately $208 million in dividends from the Kosmos-Trident joint venture (90 percent of the purchase price) and remains on track for a one-year payback.

Bit of a nail in the coffin for Suriname. Most of the time High Impact Exploration in frontier basins seems to be value destructive, whereas a well timed deal can add value!

[ifthecapfits] 08/10/2018 10:47

Be nice if Tullow fast tracked these assets.

[ifthecapfits] 08/10/2018 10:46

thanks Billy.

[b1lbo] 08/10/2018 10:34

Kosmos should complete drilling on Pontoenoe-1 in Suriname by 15th October if this article is to believed: hxxps://oilnow.gy/news/kosmos-on-location-for-new-drill-campaign-at-pontoenoe-1-in-suriname/

[billy_buffin] 08/10/2018 10:27

Suriname:



'Adjacent Block 47' reportedly

[fraserdean] 08/10/2018 08:48

Interesting times indeed