Tullow Oil Share Discussion Threads

[alfiex] 07/11/2019 08:07

We should find out next week when we get trading update if Jethro and Joe are commercial. Trading update 13th Nov.

[lgraham86] 07/11/2019 07:29

Not sure joe and jethro have been proved non commercial at all

[hsfinch] 07/11/2019 05:39

Problems mounting here. Uganda FID and farm down. Kenya FID and farm down. TEN production problems. Non-commerciality of Joe and Jethro. Crazy high overheads. Oil price. share price should be lower IMHO.

[manicat] 06/11/2019 22:18

looking at the capital markets day presentation i see there are 2 carapa's one in the tertiary and one in the cretaceous are these stacked or is it just a mistake ? its on slide 24

[manicat] 06/11/2019 18:41

a jack up rig should be a lot cheaper to hire than a drillship for a start

[captain james t kirk] 06/11/2019 17:30

manicat
Pro rata the share of the two licenses - Orinduik and Kanuku - the costs are almost identical, $30 million at 60% and 37.5% at $20 million. The water depth at Carapa might be much shallower but the ground depth is deeper than at Jethro, so it's not easy to make such cost comparisons.

[manicat] 06/11/2019 15:43

its far to early for results of carapa my guess is the 2nd of december. imo they are casing the well as they go as the cost allowed for this well is very high in comparison to the jethro well

[alfiex] 06/11/2019 15:26

Oil price higher than yesterday what is happening to Tullow?

[stupmy] 06/11/2019 10:29

POO looking for upside at the moment. Be interesting to see if TLW now aims for 217. could still fall further first, but 217 looks likely in the relatively near term. Wish 180 wasn't sitting their waiting as I'd have been much more active here without that.

[rayrac] 06/11/2019 10:09

But there are traders making a good living bouncing it up and down by 10/15 points, while long termers watch with open mouth?...which is par for the course while awaiting drill results!

[rayrac] 06/11/2019 10:04

Not a good leak either reading between the lines? Bit early perhaps, but if they hit water at the top, then some guys been on the phone.

[mccracken227] 06/11/2019 09:49

Maybe a leak regarding Carapa 1 as no reason whatsoever for 4% drop

[stupmy] 06/11/2019 08:26

Not sure what caused this mornings drop although 220 was technical resistance from my point of view, so I was expecting it to an extent. For the moment though it seems that PMO and ENQ are not following (they might yet do that and I dropped 20% of my ENQ yesterday at b/e). Good chance that TLW move to 217 and 210, we'll have to wait to see which order that happens in. I still worry about 180

[subsurface] 05/11/2019 22:27

From Africa press Tullow after new Block in Ghana


The Chief Finance Officer of Tullow Oil Plc also revealed that the oil firm was taking steps to improve on its fortunes.

Less Wood believes this would go a long way to affect its share price on London and Ghana Stock Exchange (GSE).

“Our job is to deliver and we believe that the shareholders should be excited by that,” Mr Wood added
About Time!

[jimarilo] 05/11/2019 16:54

The 5 Hottest African Venues for Major Discovery Upside

#1 Namibia

That’s why Exxon (NYSE:XOM) has been scooping up offshore acreage here. It already owned 2.8 million gross acres offshore, and in April move to acquire an additional 7 million net acres in four deepwater blocks, with exploration to begin by the end of this year.

Exxon is gunning for what it believes will be an “elephant find”

[subsurface] 05/11/2019 15:02

Just surprised they have not communicated spudding the well Its a positive event.

[captain james t kirk] 05/11/2019 14:35

The ECO September 2018 CPR had this little snippet on Abary 1 on P25.
" In 1975, Shell drilled the Abary #1 well which found oil and gas shows and flowed 37o API oil from a turbidite at a depth of 3,990 meters (13,091 feet). "



This old link shows the location on P15:

[rayrac] 05/11/2019 13:59

Why would they get a drill on site...and then not use it? Of course they are drilling Carapa, it’s just the result we need..another two weeks perhaps?

[billy_buffin] 05/11/2019 12:03

SS:
3rd Sept date was commencement of project only, however there has been steady OSV traffic to and from the drill site from the 15th Oct. Always one or two OSV's at the drill site, often alongside what I assume the rig. OSV's are based in Trinidad and many are giving their destination as 'Valaris EXL-II' The 'rig' has been stationary since 17th Oct around N7.607 W-57.27 according to marinetraffic.com



Zoom out to see rig right in the middle of heavy Liza traffic from G'town

Not amused here if drilling not under way! as you say an expensive well.

[matt] 05/11/2019 11:50

220 ... and onwards?

[matt] 05/11/2019 08:35

Interesting to see if it breaks back over 218/219 level and heads back towards 250

[subsurface] 05/11/2019 07:39

I am not sure drilling has started ,Perhaps waiting for regulatory approval or CPR if rig is idle it must be costing a lot of money .
This was the first report from Guyana dated 3 Sept local content!

more about preparation I think.
We should find out next week on Tullow,s update

[billy_buffin] 05/11/2019 05:52

Repsol Exploration Guyana will continue with their drilling campaign at the
Carapa-1 well site within the Kanuku Block of the Guyana Maritime Zone which
had commence on September 01, 2019.
This exercise is scheduled to conclude on December 31, 2019


No: 92

[subsurface] 04/11/2019 19:07

Good find Carlos ,Angus is ex shell maybe he looked at the Archives,Total have the Super computer all bodes well.