Tullow Oil Share Discussion Threads

[billy_buffin] 26/8/2019 10:11

Yep Stena Forth in same position since yesterday. See Liza Destiny (plus 2 escorts) 3.5 days away now.

[xxnjr] 26/8/2019 09:14

Looks like we have moved across to Joe.

[extrader] 24/8/2019 22:55

Hi Keifer-1,

Consider the source mission statement of the Institute for Energy Economics and Financial Analysis :

"Accelerating the transition to a diverse, sustainable and profitable energy economy"

I would say there's a fair chance that the IEEFA has an agenda.....

ATB

[subsurface] 24/8/2019 02:26

Ghana news,



Kenya news




Uganda news


have a good weekend, see what next week brings!

[subsurface] 23/8/2019 15:15

Captain Kirk,When did I advise you to post anything?

[xxnjr] 23/8/2019 13:38

Ask someone in Gujarat.

[xxnjr] 23/8/2019 13:13

Down the Jackson Hole?
No. Chinese Tariffs.

[jimarilo] 23/8/2019 12:56

$50 Bln investment US to tap into oil and gas investment in Namibia through Prosper Africa - NBC



Chinese also investing and some say there is no oil in Namibia ;-)

[xxnjr] 23/8/2019 12:49

Send it to the Chinese.

[captain james t kirk] 23/8/2019 11:09

"Tullow IR may not be amused on reading one of their email answers being plastered all over the Press."
I'll pass on the subsurface advice then :)

[xxnjr] 23/8/2019 10:43

Carlos, the map in the newspaper article, which pre-dates TLW's updated maps, does not show the Carapa location afaics. Looking at 3D Map slide 5, west of Joe looks like further tertiary prospect(s). Also Amutak should be there, which CPR says is Upper Cretaceous Channel Fill, so that should be coloured yellow. Underneath Joe is an underlying cretaceous prospect(Rappu).

Some of the names are similar like Aurituik/Amatuk/Iatuk.

Tullow IR may not be amused on reading one of their email answers being plastered all over the Press.

[carlosalberto70] 23/8/2019 10:39

Please ignore me, if only I could read what is put in front of me !

It quite clearly shows the Carapa well on Slide 4 & 5 about 40 miles south of Jethro,
in the 'discovery presentation'.

[carlosalberto70] 23/8/2019 09:13

from the ECO board, courtesy of Millie
hxxps://www.guyanastandard.com/2019/08/22/tullow-oil-to-recover-financial-benefits-from-exxons-hammerhead-discovery/

That map they show has really confused me regarding the location of Carapa, as it does not correlate with the TLW 'discovery presentation' of an East West line.

Hammerhead, Jethro and Joe match but Carapa can not be west of Joe, as the nearest part of Kanuku is South East of Joe and due south of Jethro. ???

I know it does not matter in the great scheme of things but none the less I would like to know.

[frazboy] 23/8/2019 08:14

Rationale - Thanks for the correction - makes the rise in PMO yesterday more understandable.

[subsurface] 23/8/2019 05:53

Kenya press



Japan have shown interest in Kenya oil development over the years and buy Oil from Iran. maybe prospect for a farm down .

[subsurface] 23/8/2019 01:39

My Worry with the Cormoros is the that the poitical situation,,cote d ivoire looking forward to that we have a commanding position with Cairn drilling end of next year.
Immigration in a mess.and zero dollar tourism to contend with.

[xxnjr] 23/8/2019 01:19

SS - Maybe Total could buy out Argentina/Cormoros/Jamaica/whats left of Mauritania (we exited C15) as well. I don't think they will be buying any of these, or Peru come to that!

Our on shore position in Cote d'Ivoire holds some promise. Thats a keeper for me at least.

On another matter. Not so many Chinese heading your way this year!

[subsurface] 23/8/2019 01:05

xx first thing that came into my mind when I looked at Peru ,where is Total/QP? they could buy out Pitkin Petroleum 25% then we have them looking at the exploration data.
Uganda and Kenya are an embarassment and a risk we dont need.just glad we are getting some costs back in Kenya trucking at the moment.

[xxnjr] 23/8/2019 00:43

Patrick Pouyanné(Total) holds all the cards.

Farmed into Uganda (subject to Museveni impasse).
Bought ought Maersk Oil, now our partners in Kenya.
Farmed into Guyana.
Bought Anadarko SSAfr positions from Occidental Petroleum, now our partner in Ghana.
Introduced QP to Guyana.

Maybe he can engineer a solution (at a price).

[chessman2] 22/8/2019 21:52

rationleee, an excellent post with which I fully agree.

I've been a holder for too many years and have to say,"please concentrate on Guyana".

[rationaleee] 22/8/2019 21:31

frazboy - Premier has extended plateau to 2021, rather than 2020. And their July presentation shows upside plan having 4.5 years of plateau. So potentially into 2022.

As for TLW, TLW should actually flog K along with Ug. assets while they are at it and focus on Guyana fully.

Would rather prefer TLW focusing more on E&A in Guyana and fast track appraisal, development in Guyana itself rather than getting distracted with other prospects in Peru, Suriname,IvoryC, etc. (would make sense, if TLW have unconstrained E&A capital) Because whats the point of a 100mmbl+ discovery in the middle of nowhere in Peru, etc. when you have a huge accreage to explore in Guyana hotspot which can be monetised or developed easily?

TLW lacks focus in Exploration it seems. They seem to be interested in being jack of all acreages and master of none. I would want TLW to pick two material and easily monetisable basins/countries like Guyana and explore/appraise/monetise/develop just there rather than getting hands in all the pies. Time to diversify from the African continent for production - Guyana could be a good way out of K/UG mess?