Tullow Oil Share Discussion Threads

[luderitz] 28/10/2019 07:57

Could be Interesting but there again I think I'm right in saying that Diamond hunting hasn't exactly been a great succession in Namibia on or off-shore.

[jimarilo] 28/10/2019 02:19

CEO Gil Holzman will be presenting at the London South East Oil and Gas Investor Briefing on Tuesday 12th November at Brewer's Hall, London.

Gil will be providing an update on operations in Guyana following the two significant oil discoveries made this summer on the Orinduik Block.

Additionally, Eco is hoping to replicate these successes on its four Namibian licences, where it is currently reviewing growing inbound interest. With exploration drilling planned offshore Namibia by multiple oil majors in 2020, Namibia has the potential to be the world’s next oil hotspot.

The Investor event will be held at Brewers Hall, Aldermanbury Square, London, EC2V 7HR.

Register for the event -

[eagle52] 27/10/2019 15:22

Get into PetroTal (PTAL) quick:

Bretana Field (PTAL 100%)

39.4 MMBO 2P (and could double with better recovery), 78.7 MMBO 3P

+ Mid 2019 production 5000 bopd achieved.
+ Expect at least 10,000 bopd by end 2019 (CEO said verbally more likely to be 10,000 to 12,000 bopd).
+ 15,000 to 20,000 by end 2020 (already fully funded).

+ Assuming Brent at $65 and 5,000 bopd, operating netback to PTAL is $34.75 per barrel ($173,750 per day).
+ Assuming Brent at $65 and 10,000 bopd, operating netback to PTAL is $39.65 per barrel ($396,500 per day).

Block 107 (PTAL 100%, farmout progressing)

+ Osheki 1289 MMBO High Unrisked, 534 MMBO Mean Unrisked , derisked with 3D and on trend with several large fields, drill ready and farmout progressing).

4 other leads:

+ Bajo Pozuzo 2,634 MMBO High Unrisked, 1,016 MMBO Mean Unrisked
+ San Juan 192 MMBO High Unrisked, 147 MMBO Mean Unrisked
+ Constitusion 98 MMBO High Unrisked, 78 MMBO Mean Unrisked
+ Lead A 369 MMBO High Unrisked, 39 MMBO Mean Unrisked

Total 4582 MMBO High Unrisked, 1815 MMBO Mean Unrisked

Several leads to be de-risked by Osheki that combined could contain 4.6 BBO of unrisked prospective recoverable resources.

[jimarilo] 27/10/2019 14:10

It's about time we had news on up coming wells in Namibia. Total and Shell in the south, Exxon, Azinam and Eco in the north

On previous comments from various players, I was expecting news well before now

May see some announcements at the AOW conference, 4-8th November

[xxnjr] 27/10/2019 13:27

ref PEL 90/Namibia it's on trend with Shell's PEL39 to the SSE. There's an outboard high to the west of Kudu in Orange Basin that probably cuts off the migration path to/from Kudu. There is however evidence of oil prone source rocks beyond the outer high on PEL39/90, hence the interest in exploring both blocks..

[carlosalberto70] 25/10/2019 09:09

New confirmation on Carapa, and 2 new wells scheduled for next year on Kanuku
based on statements from Repsol.

hxxps://www.guyanastandard.com/2019/10/24/ramps-logistics-clears-rowan-jackup-rig-for-repsols-carapa-1-well-on-kanuku-block/

[billy_buffin] 24/10/2019 15:07

. Removed article - already posted

[rayrac] 24/10/2019 08:23

I can see the logic of Tullow’s purchase of the block from Calima. It’s deep and below the gas field higher up..the gas probably having migrated up from Tullow’s new block.

Tullow are very good at their job!

[jimarilo] 24/10/2019 08:22

"While we are extremely pleased with our Guyana discoveries and excited by our near--term drilling plans, we also continue to advance exploration and value creation on our four Namibian offshore blocks, where we are seeing an increased inbound interest and drilling activity in the region."

[xxnjr] 24/10/2019 07:22

Nothing really new in this. The much trumpeted ECO CPR as yet un-commissioned. Long lead items ordered, or will be. Budget planning going on. Analysing the data etc etc. The fact remains Tullow will drill 3, gather the data, re-process all the seismic, and then decide what to do.



Nice new map for ECO Warriors, although ECO seem to have gifted some of Jethro Channel to XOM!

[jimarilo] 23/10/2019 11:00

Great new free resource, zoom in on the map to licence areas for details of ownership and news

[jimarilo] 23/10/2019 10:18

23 October 2019 : Namibia PEL 90 Sale Completed
Calima Energy Ltd.
October 23rd 2019, 3:01:09 am
ASX Code: CE1

October 23, 2019

Namibia PEL 90 Sale Completed
Highlights:

Sale of Namibia PEL 90 (Block 2813B) to Tullow Namibia Limited completed.
Calima has received A$2.9 million in cash.
Exposure to upside on PEL90 via additional bonuses totalling US$10 million.
Calima Energy Limited (ASX:CE1) ("Calima" or the "Company") is pleased to announce that further to the 28 June 2019 announcement, it has received all necessary approvals from partners and Government authorities for the sale of its interest in the Namibia PEL 90 licence (Block 2813B) to Tullow Namibia Limited (Figure 1). This completes the formal sale and purchase agreement including the assignment of the licence and transfer of Operatorship to Tullow Namibia Limited, a subsidiary of Tullow Oil plc, a leading deep-water operator with an outstanding track record in Africa.

[rayrac] 23/10/2019 09:54

HE alone knows what will happen to the share price if Carapa comes good!

[manicat] 23/10/2019 00:59

theres always hope

[catom1999] 22/10/2019 18:00

Billy,,





Thanks, as usual

C

[mcsean2164] 22/10/2019 12:40

Wow! Maybe I should be topping up now....

[billy_buffin] 22/10/2019 11:04

Africa intel snippets:

6 hours ago - According to our sources, President Yoweri Museveni has scheduled a November meeting with the oil firms present in Uganda - Total, Cnooc and Tullow Oil - to move forward on the Lake Albert oil & gas projects

4 days ago - Total/Cnooc/Tullow Deal: Kaliisa steers exploration rescue mission ... Museveni has scheduled a November meeting with the oil firms present in Uganda...

[billy_buffin] 21/10/2019 15:37

Repsol no:90

[manicat] 21/10/2019 10:38

it looks like work has started on carapa 1 at long last i wonder will tullow even bother to give a spud date or the results

[fraserdean] 18/10/2019 12:20

Tins of beans.

Good to see Shahenshah at Afren had his appeal rejected, long may he rot.

[rayrac] 18/10/2019 12:14

Clock is ticking down to armageddon national debt side.

So what’s to do about? For us I mean! Rock and a hard place? Sell up your shares and put it where? Worthless currency?

[jdung] 18/10/2019 09:12

tardes line show that, share price maybe go 215 p area?

[ifthecapfits] 18/10/2019 08:53

That GC is getting closer by the day. 50 through 200, both rising :)

[hsfinch] 18/10/2019 08:22

We're living way beyond our means so the government has to rob money from somewhere or else get smaller. It's that simple.