Tullow Oil Share Discussion Threads

[chessman2] 06/9/2019 17:09

I think we are there! I'll have an extra drink tonight!

[subsurface] 06/9/2019 15:31

See what you make of this!

And Ian Cloke from Tullow sounded very confident last week

[subsurface] 06/9/2019 02:31

MC2164,Uganda
Investment Decision. It also raises the question whether the next investor will agree to paying the taxes.
Then everyone has to reach agrement should it be a new partner and also pre-emtive rights to consider,
From African press last week

Looks to me like Uganda has now slipped down Totals priority list, they have many projects on the go Uganda has always been risky in my opinion. Tullow are right to reduce exposure or exit.

[subsurface] 05/9/2019 23:09

Guyana,Business Insurance policy

That presence reminds local communities and government that the U.S. will be there, not only to help its citizens in future rotations, but also for emergency response.

Guyana's military force is looking to add personnel for efforts such as protecting oil fields, monitoring illegal fishing, counter-drug trafficking and border crossings, he said.

"If you don't pay attention to [these things], it becomes a military problem rapidly," Croft said.

[mccracken227] 05/9/2019 20:12

Looks like Guyana contracts to be reviewed, taken off Eco board thanks manicathTTps://oilnow.gy/featured/oil-contracts-signed-after-exxon-psa-will-be-reviewed-guyana-opposition-leader/

[subsurface] 05/9/2019 16:42

I think we are on the road to recovery still have a couple of mill stones around our neck and as you say the debt.I cannot remember Tullow share price rising so much on Poo so it may be a combination of poo/good news,Still early days, Green shoots!

[diversification] 05/9/2019 16:27

I agree that TLW's reaction to Jethro was somewhat muted, it comes as no surprise given what issues it has with the Uganda and Kenya assets. Net debt should also be taken into consideration when considering the true market cap too imo.

[subsurface] 05/9/2019 15:45

18 years in this share ,we are at the share price I expected prior to the Jethro result

[manicat] 05/9/2019 15:35

orinduik is turning into one big fat juicy asset and it has little to no value on tullows share price YET

[mccracken227] 05/9/2019 15:23

My guess is B Guyana ; )

[subsurface] 05/9/2019 14:29

Given that Tullow have been in Uganda since 2006 who do you think will export oil first is it A guyana B Guyana c Guyana ?

[manicat] 05/9/2019 14:16

eco atlantic with a market cap of £300 million and lets say £250 million is for its 15% stake in orinduik means that tullows 60% should be worth a billion but this fact is hardly registering with the market. i wonder if it ever will?

[mcsean2164] 05/9/2019 09:18

Surely Museveni would want FID before 2021?

[alfiex] 04/9/2019 12:50

Interesting article on Eco board ref technology Tullow used on Jethro

[subsurface] 04/9/2019 08:34

ECO have a new Guyana reaserch report on there web

Jethro discovery derisks 600 mill boe potential along the Tertiary fairway
Eco Atlantic’s first well on the Orinduik block (15% WI) resulted in the Jethro
discovery in mid-August, which had a pre-drill estimate of 220 mill boe gross
according to the company. This led to a ~15% upwards revision of the unrisked
resources estimate of the block and significantly derisked the remaining five
prospects on the Tertiary fairway, where the Joe prospect commenced drilling on
27 August. The prospect has an unrisked resource estimate of 150 mill boe gross.
Results from the well are expected in September and we estimate a value
potential of GBp 44/share in case of success (~30% upside to the current share
price). If the partners are successful in proving up the full potential of the Tertiary
fairway, we estimate that our valuation of Eco Atlantic would increase to about
GBp 240/share before attaching any value on the deeper potential at the block.

[subsurface] 04/9/2019 00:28

Guyana reporting?
Once oil is found in this well Repsol has said sound very confident!
hIIps://guyanatimesgy.com/repsol-exploration-commences-drilling-in-kanuku-block/
No news from Apache yet in Suriname,

[sentimentrules] 03/9/2019 13:45

I'm only interested in share price going North or South ..

Still haven't come across anything else that dictates profit or loss so directly really

[bootycall] 03/9/2019 13:32

Sentiment Rules... I think your find that Tullow has some of the highest netbacks in the industry... cash operating cost in Ghana is just over $ 7 per barrel . Stick that in your pipe !

... and before you start with electric cars destroying demand ... read this :

[sentimentrules] 03/9/2019 13:13

What's the breakeven per barrel average for Tullow? It's very weak now if above it

Some crunch if arrives to it or even heading to it

[hsfinch] 03/9/2019 13:09

I like this share...but...Joe needs to be big. Small / medium finds in Guyana won't be commercial at current poo. I don't like Uganda or Kenya...they're job creation schemes is all. Ghana and West African non op look really good. My suspicion is that Joe won't move the needle much. Poo is what's gonna drive the share price...down. I'm sitting on the sidelines for now.

[subsurface] 03/9/2019 07:59

All at sea today!