Tullow Oil Share Discussion Threads

[xxnjr] 24/7/2019 10:38

One change for the good (mean that in a nice way)

"Following these Results, Chris Perry, VP of IR & Communications, will be taking up another senior role in Tullow as Corporate Head of Value and Risk, after leading Tullow’s Investor Relations & Communications team for the past 10 years. Going forward, Tullow’s primary Investor Relations contacts will be Julia Ross, Corporate Head of Strategy & Performance, and Nicola Rogers, Head of Investor Relations. Please get in touch with the team directly or use [e-mail] for queries."

Not sure what "Corporate Head of Value and Risk" encompasses, but if it means a better balance in risk profile going forwards between say "Dodgy" East Africa and geography's with less political risk (eg North Sea/GOM) then that could be a positive for the future.

[bootycall] 24/7/2019 10:37

All your above comments are true..one well has a production problem.. which will either continue or be resolved. Meanwhile progress has been made in both Uganda and Kenya...who will blink first in the latter dispute ? ... because everything could be moving again in an instant. Museveni continues to play hardball.. it’s all Tullows fault of course. The absence of a proper exploration budget over the last couple of years is messing up production growth ... I think that is all about to change .

[subsurface] 24/7/2019 10:32

The Time line for First oil shipment from Kenya keeps slipping also.

[xxnjr] 24/7/2019 09:57

Kenya FID was late 18, then 19, now 2H2020 as their previous forecasts were
"AMBITIOUS"

"now we are being careful not to be overly-ambitious"

[alfiex] 24/7/2019 09:43

Just going backwards, seems that they can't get anything right, what happened to the 180000 barrels per day they forecast for 2019!

[xxnjr] 24/7/2019 09:36

Angus wheeled out to explain drilling issues in Ghana!
And Uganda mess.
Move on please.

[xxnjr] 24/7/2019 09:34

2019Y FCF Forecast less than 2018, which was less than 2017???

[xxnjr] 24/7/2019 09:26

OPEX $9 1H Tick
but looks like it will be $>10.50 in 2H!!!

[xxnjr] 24/7/2019 09:18

Our hapless CEO is waffling on about nothing as usual on webcast now.
Move on please.

[xxnjr] 24/7/2019 09:12

Non-operated outperforms.
Operated continues to underperform.
Tells you everything.

[subsurface] 24/7/2019 07:52

FCF has taken quite a hit

[billy_buffin] 23/7/2019 18:23

Snippet: Issue dated 23/07/2019 africaintelligence

Tullow still hashing out the details to save Turkana oil
The Kenyan government wants to speed up its talks with Tullow Oil over the final investment decision for the development [...]

[subsurface] 23/7/2019 16:42

I have Thought for a long time It may end up with the Chinese. They can do things very long term and are crafty. eg Zero Dollar Tourism and Infrastructure projects to get the Governments in debt gives them an edge.Interesting to see what Total do?
Explanation here of Tullow in Uganda dated 2017

[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.