Tullow Oil Share Discussion Threads

[ifthecapfits] 14/9/2019 21:55

Yup. Big up day for oil tomorrow.

[billy_buffin] 14/9/2019 21:38

Saudi: Some reports of 50 percent cut on production on around 10 million a day

[billy_buffin] 14/9/2019 15:08

Guyana: Eight ‘blackoutsR17; per day in June to August period

That's why they need the gas

[manicat] 14/9/2019 10:50

this should push up the oil price on monday

[subsurface] 14/9/2019 05:59

jamaica,

Jamaica dropped off the Tullow Half year Exploration Programme plan they have a large position and in shallow water.

A drill-or-drop decision is required by end-2019, and given positive indications on the seismic, an
exploration well would be drilled in 2020.

[subsurface] 13/9/2019 13:21

Perhaps why confidence is high

[xxnjr] 13/9/2019 07:39

Followed the oil price which at one point was about $4 off the high on Tuesday.

[hsfinch] 13/9/2019 05:54

Why did the share price tumble? With well high impact result imminent?

[subsurface] 13/9/2019 01:08

Saudi trying to increase the POO and Trump counters starting to soften on Iran.

[billy_buffin] 12/9/2019 16:45

No sign of Kanuku activity as yet.
Note: Valaris JU-144 (Valaris EXL II) is Rowan EXL II

Rig Contracted to BP Trinidad Apr. 18 - Aug. 19
Contracted Repsol Guyana Sep. 19 - Oct. 19 for one well, Kanuku Carapa. No sign of rig is suspected not broadcasting position.



Re above pdf the nominated Kanuku drill rig standby vessel 'Bourbon Calm' currently at Joe Douglas rig in TT waters.

[subsurface] 12/9/2019 02:47

Heavey appears set to target the unloved assets that the oil majors want off their books.
Ican think of two?
At one time Heavey was a large share holder in Tullow I dont know if he still is but if he is he will of felt the effects of the price going all the way down from its peak.
That might be why Heavey is dipping his toes into the exploration business,

They are talking about West Africa but
If he could bring Private equity into Uganda or Kenya he could perhaps win on two fronts one being in Tullow and the other his new venture.
interesting to see If it plays out.
Tullow also will need funds going forward in Guyana, Both Exxon and Total have been selling off to raise cash.

Guyana Day 18 on drilling Joe.

[xxnjr] 11/9/2019 18:27

Oil's off 3%. Hardliner John Bolton ejected by Trump the other day. Speculation USA may soften their stance on Iran.

[mcsean2164] 11/9/2019 17:21

Yes, I'd say a lot of people would be interested in a piece of Aidans new company. Exciting!

[xxnjr] 11/9/2019 16:49

Interesting story. TLW's never really been the same since Tom Hickey left. Although that may just be a coincidence. Wonder if the new acquisition company is looking at Zafiro in EG?
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Closing trade: UT 2.23m @228.40

[sillyname] 11/9/2019 16:27

Aidan dipping his toes in again

[jimarilo] 11/9/2019 16:03

I noticed on the presentation AOC have the Venus well pushed back to Q2 2020

[manicat] 11/9/2019 10:01

you would think tullow would be planning to drill many more exploration wells in guyana rather than peru and suriname which makes me wonder if they are talking about farming down and giving up operator ship of orinduik already.

[subsurface] 11/9/2019 09:13

Keith bought quite a lump of Eco shares and Gil hinted he would of bought more if allowed. lots of prospects to drill out.

[thelung] 11/9/2019 09:00

Where has that sentimental chap gone?

[xxnjr] 11/9/2019 08:50

Always find it slightly disconcerting when a new presentation comes out days before an imminent well result SS! Africa Oil have done a very good job conjuring up a High Impact exploration program from virtually nowhere.

[xxnjr] 10/9/2019 23:53

A 2 day close above 255p would be good in my book.
EIA nos tomorrow at 15:30 hrs.

[subsurface] 10/9/2019 23:11

Uganda Pipeline
Looks like TPDC are trying to play down Uganda Total/Tullow agreement problems perhaps reality is starting to sink in!

[stupmy] 10/9/2019 20:28

Good bullish movement on the back of the POO rise. For your clear break to the upside, I'd say exceeding 238 at close of weekly period would be very bullish.

Here's the weekly chart including one gap that has not yet filled. Gaps in weekly data are quite uncommon. If you look carefully, there's a smaller gap from around mid September 2017 that closed quite quickly.



Rhetoric and POO has turned bullish after being horribly bearish (can the fundamental situation really change this fast? Can Saudi really bring POO to 80-100?) No-one can see into the future, but you could argue that neither the bull nor the bear case can be relied upon with a great deal of probability. You could also make an argument that the POO (Brent) would be backtesting a previous break to the downside if it reached around 64 dollars a barrel.



I don't know what's going to happend, but this chart might identify a POO that would be worth watching closely.