Tullow Oil Share Discussion Threads

[captain james t kirk] 15/12/2019 19:05

Where's the party :)
Beam me down Scotty.

[stockport loser] 15/12/2019 17:55

The only thing going down Tufart is your sister at the office party.

[yidarmytom] 15/12/2019 17:12

this is a wonderful buying opportunity, taking advantage of the #Borisbounce now we have a fantastic government. Happy all the traitors like Grieve, Gauke, et al lost their seats as well as the other bigots like Gapes, Chuka, Leslie and Soubry

Last week was a wonderful result

[turvart] 15/12/2019 17:01

all you shareholders are reliant on Kim Tate if she presses that button with an RNS your shares are coming down.

[turvart] 15/12/2019 15:57

Is Kim Tate going to bring this up Monday? (Dorothy)

[badger36] 15/12/2019 14:14

Sunday business postMcdade walks away with 1.2 m €922,000 salary and £192k pension plus £14,500 health insurance. Paid in lieu of notice period. Failure means a "good leaver" smug photo in page 4 and why not as the "good leaver" category entitles him to the un-vested options. Company agreed to pay £7500 in legal fees and 25k towards "outplacement counselling services"

[teamwork1] 15/12/2019 13:10

https://mitchellmessenger-com.cdn.ampproject.org/v/s/mitchellmessenger.com/2019/12/15/tullow-oil-lontlw-given-new-gbx-105-price-target-at-panmure-gordon.html/amp?amp_js_v=a2&_gsa=1&usqp=mq331AQCKAE%3D#aoh=15764152603574&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fmitchellmessenger.com%2F2019%2F12%2F15%2Ftullow-oil-lontlw-given-new-gbx-105-price-target-at-panmure-gordon.html

[xxnjr] 15/12/2019 09:13

Hi there SS,

Just to compound the issue, GNPC have signed an agreement with Rosneft to import 250 mmscfd of LNG.


It doesn't help either that Ghana.gov restrict flaring to zero. Not saying flaring is a desirable practise, but as a temporary solution, would be helpful if Ghana.gov gave a temporary waiver, as was once done in the past. J FPSO has a couple of extra slots vacant for facilities upgrade modules, but T didn't want to spend the money. Why T didn't reduce their cost exposure by farming down and paying down debt will always remain one of life's unanswered mysteries.

J & TEN development's would seem to be within feasible tie back distance of each over. Maybe a unifieded gas/oil handling solution can be found combining both FPSO's. Who knows? The sooner T hand over operator role to someone else the better.

[subsurface] 15/12/2019 00:36

Ghana got themselves in a mess with a take or pay agreement with ENI,it doesnt look good to be paying out for gas you are not using,perhaps political or ENI smoothed the way to keep production going ?
Tullow was giving free gas and were backed out, perhaps didnt expect to have to re inject so much gas maybe the equipment cannot handle it or they are concerned injecting the gas could have a negative effect on the resevior.Just my thoughts.

From Africa press January


From December



lets hope a solution can be found as the problem will get worse as new finds come on line.
Remember Ghana wanted Exxon on the new deep water blocks but they pulled out of the recent round of block sales could this be one of the reasons why?

[turvart] 14/12/2019 22:56

Sbb1x,

They reckon if they hit the right spots with the drill it will send a shock wave bigger than Krakatoa.

The waves will be so big that Dorothy wont be able to type out the RNS on her laptop on that particular rig.

[sbb1x] 14/12/2019 22:46

How big is the carapa target ?

[5huu] 14/12/2019 22:32

Some interesting comments from Executive Vice President of Tullow Ghana and Managing Director Awotwi on ghanaweb.com. A few below:Despite the production challenges with not meeting projection targets Tullow cannot be said to be in such a financial crisis for it to consider the option of selling the business. They are working to bring out some liquidity on the Ghana Stock Exchange to bring what he describes as some excitement for its share price.On Jubilee specifically; Tullow and GNPC are in discussions to increase the gas export and increase offtake anticipated as well.And the government of Ghana is also creating more demand by relocating the power barge to the western region and switching to gas which would also help deal with this challenge

[5huu] 14/12/2019 22:12

A good write about about Tullow Ghana and evidence that they are already taking various actions to address some of things issues that emerged on Tuesday.https://www.ghanaweb.com/GhanaHomePage/business/Tullow-Ghana-boss-explains-why-company-missed-production-target-815266

[stockport loser] 14/12/2019 21:53

Why do they have to pay off the debt? They need to service the debt which they can do. They will reneg the debt in 2021, probably with a higher interest rate, but will need less. If now Uganda deal goes thru with say $200m fcf they will have net debt of $2.3 bill going into 2021. They could easily raise another $1billion thru asset sales if needed.

[teamwork1] 14/12/2019 21:10

https://mobile.ghanaweb.com/GhanaHomePage/business/Tullow-Oil-is-not-up-for-sale-Executive-Vice-President-815416

[jibba jabber] 14/12/2019 19:47

Hmmmmmm?

bones69814 Dec '19 - 19:26 - 50 of 50
0 0 0
The gamble is here now wether tlw can pay down it's debts fast and how they go about raising the money to do so as cash from the field will not meet the payments . Possible options are sale of assets , fund raising. Renengoiate loans .
If they can't raise money soon then I expect to see this suffer liek gkp did until the funding issues are resolved .

How much can they raise selling assets and how fast can that be achieved is unknown and that's currently where tlw and it's sbareprice will stay down at these levels until resolved one way or the other .

I retesting to watch what happens but for now it's a case of catching a falling knife and there are obviously very big issues here which should keep investors away u til the waters clear .

[bones698] 14/12/2019 19:26

The gamble is here now wether tlw can pay down it's debts fast and how they go about raising the money to do so as cash from the field will not meet the payments . Possible options are sale of assets , fund raising. Renengoiate loans .
If they can't raise money soon then I expect to see this suffer liek gkp did until the funding issues are resolved .

How much can they raise selling assets and how fast can that be achieved is unknown and that's currently where tlw and it's sbareprice will stay down at these levels until resolved one way or the other .

I retesting to watch what happens but for now it's a case of catching a falling knife and there are obviously very big issues here which should keep investors away u til the waters clear .

[oilisgold] 14/12/2019 17:52

Well certainly load of buy recommendations. All the bad news is out of the kitchen, she bloody threw the kitchen sink and it tanked and tanked. Many were catching the falling knife and saying 70p was bargain of the decade but it kept going down and down to 40p. Traders then jumped in and market realized the drop was too much. Its been a controlled rise since Tuesday as you would expect . Potentially could take it to 80p to 90p before share price gets range bound.

[la forge] 14/12/2019 17:18

yidarmyTom
14 Dec '19 - 17:13 - 37775 of 37776
0 0 0
100p by Christmas, maybe more if news drops

certainly next resistence might be 100p
so wish for santa claus rally starting monday

[jayrh] 14/12/2019 17:17

Well rumours doing rounds is total are buying some of our assets maybe the full monty. Maybe 80p open monday gla

[yidarmytom] 14/12/2019 17:14

carapa 1 coming

[yidarmytom] 14/12/2019 17:13

100p by Christmas, maybe more if news drops