Tullow Oil Share Discussion Threads

[subsurface] 29/8/2019 09:19

xx Great map Thankyou I spent the morning trying to find a map showing all the locations around Guyana and Tullows blocks to see how they are located in relation to the big finds Tullow may prove to be the hub? be interesting to see when cgx Demerera block is drilled.also can see the locations of Skipjack and Sorubin the none commercial Exxon targets.

[billy_buffin] 29/8/2019 08:31

"Liza Destiny" FPSO arrived last night with its two escorts.

[xxnjr] 29/8/2019 08:27

Thanks SS. Will be drilled by Noble Sam Croft early September. Rig currently off New Orleans afaics. 1 well + 3 options. Apache drilling at 100% initially. Have a number of wells permitted. 7 play types gives 50 large prospects. Will be a 30 to 60 day well. Apache not giving much away at the moment - sounds like a big bet, based on thorough analysis of new 3D seismic.

Useful map from Carlos. Apache's block seems like a good address, but will it be gassy, if HC's?

[subsurface] 29/8/2019 05:37

Suriname Apachi have a webcast available talking about prospects and Q/A has questions on Suriname.

[subsurface] 29/8/2019 04:10

Suriname From 2018

from 2019

Tullow has interests in three blocks in Suriname, Blocks 54, 62 and 47. Tullow and its Joint Venture Partners have decided to enter
the second phase of operations in Block 47. Following recent meetings, the Joint Venture Partners have chosen to drill the
Goliathberg-Voltzberg North prospect in 2020. The prospect lies approximately 260 kilometres off the coast of Suriname, in
1,900 metres of water and is one of a series of leads and prospects on the flank of the Demerara High.




Expecting to spud September getting closer to Guyana

[subsurface] 29/8/2019 02:38

Manicat ,I would love to know too! things will become clearer after Kanuku is drilled
If Joe and Carapa come in then Tullow are right in the thick of it!,I keep thinking of the channels that run into Jethro, I would sell everything right down to the office furnature before I sell Guyana.

[xxnjr] 28/8/2019 15:33

EIA Draw -10
Total -11.2

[stupmy] 28/8/2019 14:28

Interesting that the rise in POO on the back of that draw is having no effect on the share price here, at PMO or ENQ. Bit of subdued enthusiasm in the wider markets at the moment. More and more talk of market corrections etc. Interesting times.

[manicat] 28/8/2019 12:14

if a bid comes for tullow what is it worth to a major? does anyone have any realistic figures of a takeout price for tullow or does it have to many stranded assets in africa for a major to even run the slide rule over it

[billy_buffin] 27/8/2019 15:31

SS Think the writers comments on your link bit of fake news! Matter of interest "Liza Destiny" FPSO arriving shortly is double hulled I believe.

And on your link saw this comment by Jahn (scroll down)

"The Jubilee FPSO is no more second hand than any other converted FPSO in the world. Without using an existing tanker, First oil would have come much later, probably one year if the FPSO should have been new built – and the price would also been higher without giving much added value.

The IMO rules for SAILING tankers are clear, they are supposed to be Double Hull. However, IMO Edit: (International Maritime Organization) accept the use of Single hull FPSOs. There is also quite a few advantages with Single Hull FPSOs, with respect to corrosion and the ease of inspection of the tanks. And there has never been an oil spill due to a tanker colliding with a single hull FPSO. For reference, the operator with most FPSOs in the world and that has extensive experience, Petrobras – Prefer Single Hull FPSOs"

[subsurface] 27/8/2019 09:37

Iwonder if we are Single or double Hull?

[xxnjr] 27/8/2019 09:28

Off Topic

Interesting story out of Brasil, where one of Petrobras's Modec built FPSO's* has developed cracks in the hull.

* this one



According to Brasilian press I've just been looking at crack(s) are up to 33m long. Vessel has been evacuated. Regular overflights. Not listing. Not as risk of sinking, although even that is a potential risk according to some. Vessel is still leased from Modec. Jubilee FPSO was leased from Modec initially, but the partners bought out the lease as that was meant to reduce OPEX..... that worked well. Selling the FPSO back to someone might reduce the debt SS!

[subsurface] 27/8/2019 09:19

finncap Reasearch,
Of note for Jethro is that the discovery contains only oil, with no
gas encountered.

[subsurface] 27/8/2019 07:58

we are confident in our 3D interpretation as we were ahead of the Jethro-1 discovery.” Hope the is as good on Kanuku prospect

[subsurface] 27/8/2019 07:53

Joe well Spud on Sunday

[xxnjr] 27/8/2019 07:52

QP farmin to 2 Total blocks in Namibia, one of which contains a giant fan.



TLW squatting in the neighbourhood.

[subsurface] 27/8/2019 01:10

Money
Anyone have any thoughts on funding going forward,the exploration budget was $150m
Fcf is impacted by the low price of Oil ,Uganda you cannot rely on and It may take a long time to farm down Kenya 2020 looks to be a busy year not sure when debt repayments are due 2020/21 not too many options? Ghana, Guyana or the Bank/share holders,

[subsurface] 26/8/2019 12:45

Kenya news

[xxnjr] 26/8/2019 11:42

It's confirmed. SF back to Ghana after Joe, but not for Tullow.


Springfield will utilize the Stena Forth in late September for a drilling campaign on WCTP Block 2. The campaign will first target the Oak-1x well on trend with the Beech discovery, made on the Deep Water Tano Cape Three Points block (DWT/CTP) to the south-west of WCTP Block 2.

That's a big bet for Springfield at 84%!

After Joe (result within 20 to 30 days?), Carapa (Sept spud) is a 60 day well with a TD of about 3,600m. Result late Oct/Nov then. Then there will be a drilling hiatus whilst the seismic gets re-processed, maybe with second phase of drilling Q2/3 2020? Expansion of program determined by results of Joe and Carapa.

[xxnjr] 26/8/2019 11:17

Next well quite interesting. Low cost. But may open up a new play fairway. Assume that the 'octupus' is upper tertiary as well? We'll see.