Tullow Oil Share Discussion Threads

[frazboy] 23/7/2019 16:09

I wonder what Tullow would accept to get out? $500m? The Chinese may be potential buyers.Surprised at the mark up today - wasn't expecting significant news tomorrow

[subsurface] 23/7/2019 16:02

Hi Billy.Had this one on file for a while from 2018



recoverable at first Oil

Looks like Tullow are looking for a clean break from Uganda

[pally12] 23/7/2019 08:32

Half year results tomorrow

[subsurface] 23/7/2019 07:07

African Press Uganda more of the same

[subsurface] 22/7/2019 00:42

Libya halts loading at key oil terminal as pipeline closed
Yesterday at 5:27 PM

Libya's National Oil Company said it had stopped loading crude at a key government-controlled shipping terminal, declaring "force majeure" after a pipeline closure halted operations at its main oil field. at Zawiya Port

[subsurface] 20/7/2019 04:42

Tullow half year results out 24th July /Challenging period with oil prices,Uganda latest? First export from Kenya? Debt position ,Second half of the year Drilling news and lifting,s from Ghana help FCF

[subsurface] 20/7/2019 03:07

Thanks for posting Jimarilo ,we are 16 days into drilling been waiting for this a long time,
Of course everything is IF at the moment, It looks from the map as if Jethro prospect could extend into Exxons Stabroke block ,they already think Hammerhead does,
Looking ahead if things go well I wonder if we could get a jump on first oil and use Exxon,s process facilities,when completed, Tullow shared some data with Exxon so they have links.
I also think we may see more drilling near the end of the year if things go well Eco and Total have the cash and Tullow have Me!

[jimarilo] 20/7/2019 00:50

Interesting read

[jimarilo] 19/7/2019 21:15

It is about time we started to scale up on our armed forces, we are easy pickings currently

We were warned by Iran last week and still there is no cover for British ships, absolute disgrace

[frontdoor bull] 19/7/2019 20:35

BBC News - Iran 'seizes British-flagged oil tanker'

[ifthecapfits] 19/7/2019 19:57

Great! Hotting up in the ME.

[ifthecapfits] 19/7/2019 11:13

Probably bee discussed before, but what effect would success in Guyana have on SP? 20p, 30p, £1? What a peoples thoughts?

[linz22] 18/7/2019 21:45

Wrong board...

[azalea] 18/7/2019 17:55

Today, a guest speaker on the Kaiser Report programme (RT channel) said that if the U.S. government were to promote and provide incentives for companies to build large off shore wind turbines in areas where there is very high unemployment such as in the Rust Belt, and install solar panels on old and new houses/buildings across the country, it would not only greatly reduce the need for natural gas production with all its associated environmental problems but also significantly boost employment.

He added, that electric battery powered vehicles is now a reality and if the government were to provide financial incentives for companies to install charging points across the nation, not only would companies create tens of thousands of new jobs in building them, but also in the building electric vehicles themselves. Moreover, the use of such vehicles would save tens of thousands of lives from the carcinogenic fumes emitted by millions of gasoline guzzling trucks and cars across the country. All, together a win win situation.

[xxnjr] 18/7/2019 11:47

Hi SS I'm good you too I hope.
No - I'm just popping over there!

[subsurface] 18/7/2019 11:45

hxxps://news.sky.com/story/iran-seizes-foreign-tanker-with-12-crew-accused-of-smuggling-oil-11765614
Might lift the oil price!

[subsurface] 18/7/2019 09:01

Hi XX Hope you are well.
I posted a private message to you in January Did you see it?
Shell also did not want to drill in Ghana so I understand that.s why Angus ended up at Tullow.

[xxnjr] 18/7/2019 08:42

“So, 2 out of 22 saw something that looked like what we thought was there and thought it was worth taking the risk. And of course, shortly thereafter, we welcomed Hess and we welcomed CNOOC into the partnership.”

Probably explained by the oil price dropping from $108 to $36 round about this time, with the industry in survival/lock down mode. Exxon usually maintain investments throughout the cycle. Clearly this paid off. Hats off to Hess/CNOOC though.

[subsurface] 18/7/2019 07:34

Interesting read on Guyana drilling History



shows the drilling is not without risk.

[subsurface] 17/7/2019 16:38

Interview from Keith Hill Africa Oil last month

[mcsean2164] 17/7/2019 14:31

Hmm, I think the shale operators have the same belief, I. E. everyone but me will stop. We'll see next year!

2025 will be big for oil industry, half of planets oil reserves will be used by then. Was expecting poo would rise but it seems logic does not apply in the Permian! It's remarkable to think how cheap oil is now.

[xxnjr] 17/7/2019 14:30

Looking at Permian section of


July Production Forecast: 4,172,000 bopd
July Legacy Wells Production Change: -268,000 bopd

So they need to replace 6.4% of equivalent wells of production in the month to keep up. The forecast suggests they will add 302,000 bopd from new wells, for a monthly net gain of 34,000 bopd.

[bootycall] 17/7/2019 11:59

Yes, there will be an oil glut... so there will not be an oil glut. This is how the market works. Shale production slows down because of forward pricing and people not willing to invest because of investor sentiment. Very soon the US will need to drill 70% of new shale wells just to
replace existing production wells. I predict the oil industry will slowly move to becoming private equity driven... as opposed to snowflake/climate activist shareholder driven as big public companies jettison nasty carbon businesses. Plenty of money to be made just be careful not to be top and tailed with your own position.
Tullow makes exceptional returns from its non operated West African portfolio. Even if it is short changed in Uganda the money can be usefully redeployed in an instant. We have learnt our lesson. Uganda is not
a place to do business in while Museveni is in charge. Kenya has issues with graft but I am slightly more optimistic that we will succeed there.