Tullow Oil Share Discussion Threads

[captain james t kirk] 11/11/2019 10:42

Folk might be interested in a discussion concerning the Exxon/Hess/CNOOC Mako prospect that they are about to drill. Although assuption can be a dangerous pastime, I 'm assuming that it's another Cretaceous play, particularly given its 6 miles proximity to Liza and its location sandwiched between Liza and Snoek to the south of Liza:
"Good morning extrader
GH certainly talks about the Exxon/Hess Mako in the same breath as our Mako at around 2 min 10 secs:

Perhaps more pertinent is the commitment to drill three wells next year :)
To further muddy the waters, as I said yesterday, Tullow/Eco have Mako as a Tertiary play as shown on P4 on this link and it's estimated to contain 250 mmbo on P5 :

However, on the standard cross section map that the partners release, it is shown as an Upper Cretaceous play on P5 :

I'm sure all will be revealed tomorrow at the presentation."

[stupmy] 11/11/2019 10:31

If you're right about the newsflow, it starts to point towards that 180 area I've been discussing. I'm still not exposed, but keeping a watch on things. To be honest, although the share price here is not showing any strength, at the current time it doesn't partcularly look company specific as PMO and ENQ are also languishing.

[subsurface] 11/11/2019 10:01

ECO/Gils interview,I think we need an endless budget. Better find a big partner!

[subsurface] 11/11/2019 00:04

Carlos No problem ,we are all doing our best to keep up with the news flow.
An interesting interview from October the 8th
We were doubting how quickly Saudi got production back up, and interesting comment on China playing Trump to the elections,We talked about him using trade talks to control POO,

[xxnjr] 10/11/2019 11:03

Just to add to the woe EG. According to last years fact book EG was supposed to contribute a net 6000 bopd for Tullow in 2019FY. Actual Q1/Q2/Q3 so far net to Tullow 5543* bopd.

[*back of envelope estimate based on what Kosmos reported]

[xxnjr] 10/11/2019 10:33

SS - they need all of those 990 staff just to calculate how many shares each of them are entitled to. Meanwhile Rome burns.

[carlosalberto70] 10/11/2019 10:26

Apologies ss - same story from different source.
Didn't read your link beforehand

[carlosalberto70] 10/11/2019 10:07

Seems TLW etal are still a long way from getting agreement in Uganda.
Hard ball being played by both sides. One month deadline to respond to
Ugov demands.

Never mind the CGT issue...
The government won't even give them a block number of work permits, and want to
scrutinise every one ! An object lesson of how to shoot yourself in the foot.
I am sure foreign investors will be rushing to their door....not.

Also issue of where the pipeline company should be registered.

hxxps://www.thecitizen.co.tz/news/1840386-5343824-xph88d/index.html

[subsurface] 10/11/2019 05:52

Tullow have plenty of Plans and schemes for the 990 staff

1) Tullow Oil 2000 Executive Share Option Scheme ('2000 Scheme')

2) Tullow Oil 2010 Share Option Plan ('2010 Scheme')

3) Tullow Oil Performance Share Plan ('PSP')

4) Tullow Oil Employee Share Award Plan ('ESAP')

5) Tullow Oil Tullow Incentive Plan ('TIP')

6) Deferred Share Bonus Plan ('DSBP)

[subsurface] 10/11/2019 04:51

Uganda interview and news

[stupmy] 08/11/2019 08:48

Trading update Nov 13th. Mark it in your diaries. PMO 14th, capital market day for ENQ 21st (can't see a date for their trading update, but it often comes soon after PMO). POO weakening for the moment and if brent falls below 61.4 it could move back to the late nineties. That weakness seems to be having a disproportionate impact on TLW share price (brent off 2.5%, TLW off nearly 6%, ENQ off nearly 5%, PMO off 3.8%). If brent fell to 59 (6.5%) we could see TLW down to 186, ENQ down to 17 and PMO down to 80 p or so if they continued to fall with the same relationship with brent price. Then again, with enough 'ifs' you could put Paris in a bottle.

[jimarilo] 08/11/2019 08:01

Total set for busy 2020 Africa wildcat programme

French giant planning up to 10 exploration wells off continent, with South Africa, Angola and Namibia high on agenda



The Maersk Voyager is currently plugging the well discovery for Kosmos just up the road in the Gulf of Guinea and then travels to Angola for two wells and then we have Venus 1, looking like January ?

[subsurface] 08/11/2019 01:34

Good morning xx nice to see you back,not much change in the share price but we are ready for some news flow over the next few weeks/ months.
Great post on the Kanuku block and Captain Kirk noted the drilling history from the ECO CPR posted on 5th November
Shell drilled the Abary #1 well which found oil and gas shows and
09/11/2018 26 Gustavson Associates
flowed 37o
API oil from a turbidite at a depth of 3,990 meters (13,091 feet).
With better Technology can improve our chances.

Kenya/Uganda news

[xxnjr] 07/11/2019 22:38

Haven't really been following this terribly closely. Anyway Repsol mentioned this in the q3's (apologies if already posted):-



In Guyana, the drilling of the Repsol-operated Carapa well in the Kanuku block started some days ago in October. This well will test the upper Cretaceous and the lowermost tertiary play, targeting the same formation as in successful neighbouring prospects. Had not appreciated Carapa-1 also targets the lower tertiary. Two for the price of one.

[xxnjr] 07/11/2019 19:21

Sinopec doing the onshore seismic for Tullow in Cote d'Ivoire, with a well in about 2022.

[xxnjr] 07/11/2019 18:14

associated gas?

[subsurface] 07/11/2019 15:27

why do they make it so difficult to put the cork back in the Champagne bottle?

[mcsean2164] 07/11/2019 15:00

Uganda FID and farm down. Kenya FID and farm down.

Eh? That's good news to me...

[subsurface] 07/11/2019 14:36

Kenya news

[rayrac] 07/11/2019 11:00

Phew! I tort i saw a puddytat.

Or Carapa!👉7999;🤔

[costax1654x] 07/11/2019 10:11

https://www.nextoilrush.com/88e-partner-1b-premier-oil-north-slope-farmout-drilling-q1-2020/

[mccracken227] 07/11/2019 08:33

A solution to Uganda problem may soon be sortedhttps://www.upstreamonline.com/field-development/uganda-eyes-new-lake-albert-fid-date-after-offering-solution/2-1-702044