Tullow Oil Share Discussion Threads

[porschepanamera] 17/12/2018 15:07

Heading for years low, anybody explain the drop today? Not poo?

[mcsean2164] 16/12/2018 19:33

"We will save billions of pounds from our EU divorce payment as well as a similar amount from Civil Service and Govt costs."

My understanding is that it's meant to cover pension liabilities. Actually, I was wrong only 7 billion is pensions. The biggest cost is things that Britain agreed to pay....

Good breakdown here:

hxxps://www.rte.ie/news/newslens/2017/1129/923737-cheque-please-how-the-brexit-bill-is-calculated/

[subsurface] 16/12/2018 01:57

More problems in Kenya,

[subsurface] 16/12/2018 00:30

and from Guyana web search
Argentina border dispute may be a risk and what will they do with excess gas as no industry at present.

[k38] 15/12/2018 01:18

https://petition.parliament.uk/petitions/229963

[xxnjr1] 14/12/2018 08:03

it's only a game changer if they find oil in commercial volumes!

[mirabeau] 14/12/2018 07:52

Guyana's a 'game changer' for TLW says its CEO. Keep an eye on TLW's partner ECO. If Guyana's game changer for TLW then it's a stellar transformation for ECO

[subsurface] 14/12/2018 06:21

Repsol/Tullow have commitment to drill in the Kanuku block 2019 going to be a busy time in Guyana

[xxnjr1] 14/12/2018 01:17

I see from Noble's latest Fleet Status Report that an anonymous client has one slot on a drillship. South America IS quite a big place, but you never know this may be TLW's rig for Guyana, as the timing fits.

Noble Sam Croft
Gusto P10,000
Built: 2014
WD: 12,000’
Offshore South America
Mid 2019 Not Disclosed 1 well, firm term.

[subsurface] 13/12/2018 22:56

workforce 1152
2014 page 46 2042 total 1595 permanent staff and 447 contractors
End of 2017 Tullow had 922 employees of which 108 were contractors
at one point 700 who regularly travel around the world

[topazfrenzy] 13/12/2018 21:41

Oil soaring in late trading

[xxnjr1] 13/12/2018 18:51

You mean there are 600 working for the company in the UK? What on earth do they all do, assuming they are on the pay roll, and not sub-contractors.

[subsurface] 13/12/2018 15:38

I often wondered what a chairperson does so I googled it
A chairman is an executive elected by a company's board of directors that is responsible for presiding over board or committee meetings. The chairman ensures that meetings run smoothly and remain orderly, and works at achieving a consensus in board decisions.
we could do that!
sometimes the Ceo does both jobs Tullow have 1000 employees 400 are overseas as per the last presentation

[xxnjr1] 13/12/2018 15:16

Don't know what to make of DT SS. DT is all but invisible. Does DT do anything? Haven't a clue! Maybe just a soft appointee so as not to rock the boat? Useful Bank of England connections. Drax business model seems to have relied on government handouts. Having said that, all credit to her for the recent share purchase.

[xxnjr1] 13/12/2018 15:02

With a bit a luck someone from Tullow will tune in, as imo the first hour of Tullow's recent CMD event left a lot to be desired. The company could learn something from the way Hess do it. Hess webcasts are usually pretty slick, in a matter of fact way. No waffle. Just get straight to the point. Usually a decent Q&A at the end, with insightful and helpful answers.

[subsurface] 13/12/2018 08:10

Hess Investor day

[subsurface] 12/12/2018 17:59

very interesting situation both countries need production quickly.

[subsurface] 12/12/2018 16:30

plodding along to retirement,and what about the Chair person doesn,t like publicity,came out of retirement,as her husband is setting up a business,and open to question what she achieved at Drax as per web search.
and the management think they are the Bee,s Knees,

[opodio] 12/12/2018 16:14

200p on way then 230

[xxnjr1] 12/12/2018 15:59

Find a new CEO. Get rid of Angus (diabolical offshore exploration record). Shrink the portfolio geographically to W.Afr heartlands + Uganda. Flog Kenya. Get back into Norway. Relocate to a less expensive HQ. Cancel the recent share awards. All directors take a pay cut, requisite to the value destruction over last 5 yrs, and the $5bn of write offs.

[subsurface] 12/12/2018 15:17

Just brings us back to where we were a few weeks ago due to OPEC cuts taking effect in the new year,Does anyone think Tullow would be better off just working on new projects offshore? Removes a lot of problems Ghana /Ten Model projects bring in money from production after 3 years
from 2017 Uganda report
Uganda has bagged trillions of shillings so far in signature bonuses, annual surface rentals, sale of data, permit fees, withholding taxes, capital gains tax, value added taxes and royalties.

[knowing] 12/12/2018 13:55

Tullow Oil plc 35.1% Potential Upside Indicated by Barclays Capital

[ifthecapfits] 12/12/2018 07:57

Very good article Sub - thanks for posting.

[subsurface] 12/12/2018 02:25

Very good at making money even better at throwing it away, another problem Gabon Oil union starts 3 day strike over Employment layoff,s

[xxnjr1] 12/12/2018 01:12

Total about to spud FG well on the block TLW and RDSB threw zillions down the drain