Tullow Oil Share Discussion Threads

[master rsi] 26/12/2019 23:18

Las 2 days movement on the charting front

[master rsi] 26/12/2019 22:03

Sharp rise for Brent OIL today and a higher Breakout than last week.
A terrific uptrend during December, we can not say the same for TLW.

[subsurface] 26/12/2019 16:28

News of a mud spill on the kanuku block

The Environmental Protection Agency (EPA) is preparing to levy a fine against Spanish oil company, Repsol for a mud spill which occurred offshore in the Kanuku Block, even as the agency mulls lobbying government to push for 24/7 oversight and for new legislation to raise the paltry levies attached to such incidents.

EPA Head Dr. Vincent Adams confirmed the incident to Stabroek News when c ontacted, as he underscored the need for around-the-clock monitoring of offshore operations saying that had it not been mud, the consequences would have been disastrous.

Repsol has over a number of months not been responsive to queries from Stabroek News and no comment was forthcoming from the company yesterday even though it was contacted.

This newspaper was told that as the United Kingdom-headquartered Volaris Drilling company was carrying out drilling operations in the Kanuku Block, a valve was left opened which saw mud used to prevent well blowouts spilling into the ocean.

The mud is the blood stream of the operations; it prevents blowouts of wells and there the mud was going into the ocean instead of going back into the wells to bring the drill cuttings to the surface. An open valve had the mud being dumped into the ocean,” one source told this newspaper.

Repsol began exploratory work in the Kanuku Block In November, 2018.

Sources say that the company attempted to downplay the incident.

When Adams was contacted, he said “Yes, I can confirm that there was a valve blowout and there was a mud spill. It is not the issue of mud. The systematic breakdown had the potential of a major disaster. It could have been something other than mud. This here was a breakdown in the systematic process in the conduct of operations to ensure the protection of environment, health and safety,” Adams said.

[leoneobull] 26/12/2019 15:33

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/122319-exxonmobil-led-consortium-makes-15th-guyana-oil-discoveryHave a great Christmas and a Carapa New Year

[costax1654x] 25/12/2019 18:52

Christmas Day???

[yidarmytom] 25/12/2019 13:01

No rns today again - ffs

[wildsheroo] 24/12/2019 14:21

lol, keep on worrying about it now.

[yidarmytom] 24/12/2019 12:46

I wouldn't wanna be out of this at the moment - Friday = BOOM, Fact, nuffsaid

[kulvinder] 24/12/2019 12:43

The ones playing the swings on this would have done quite well on this in the last week or so. Regular 62.5 to 65 each day.....

[teamwork1] 24/12/2019 12:42

Keep your feelings to yourself

[theapplefreak] 24/12/2019 12:35

Got feeling this is gonna be good news over hols when nobody can buy or sell

[pally12] 24/12/2019 12:23

Got feeling this is gonna be bad news over hols when nobody can buy or sell

[theapplefreak] 24/12/2019 12:08

Looks that way. People selling not wanting to worry about it over the festive break. You can understand that, there are no guarantees in this game. But he who dares rodders

[costax1654x] 24/12/2019 12:06

27 dec RNS

[theapplefreak] 24/12/2019 11:19

I wish you all a wonderful Christmas. Yes even you shorters ;)

[grafter] 24/12/2019 11:10

Hey, you sound like a sweetie but next year will not be yours - it will make many people filthy rich so hats off to them, Merry Christmas.

[stupmy] 24/12/2019 10:39

Not much strategy Master. Don't need the money, but was sat here waiting for Santa and thinking of cards. Carapa will affect share price (IMO), I don't know anything about drilling (or next to nothing), it's a gamble. Others have said 25% COS. In a game of cards a 25% chance of getting the card you need might be enough if you can read your opponents and they look weak. If you're looking into the eyes of a drill bit and a management group who still haven't told us what's happening with Jethro and Joe, then I just thought I had no hint at all at whether the COS is increasing or decreasing, the gamble doesn't seem to favour me and although I don't need the money it will pay for xmas for the family and I'd rather it did that than vanish in a puff of 'dust'. Just thought I'd bank. I'm not looking at charts. I have no software open other than google finance! I do however, have a bottle of Bordeaux open. After all, it's 5 o'clock somehwere for sure and it's christmas. Merry christmas everyone and I hope you all have a fabulous New Year (even you Whites).

[yidarmytom] 24/12/2019 10:14

Happy xmas all and here's to a great carapa update next week!

[master rsi] 24/12/2019 10:13

Stupmy

What strategy did you use?

10% and bang the profits
sell on any spike up (late yesterday and morning today )
or you needed the profit to buy the CHAMPAGNE ( LOL )

Merry chrismas to you too

[stupmy] 24/12/2019 09:49

Closed my last TLW position. 6p profit. Will see where the price is after Carapa-1 news. Good luck all and merry christmas.

[leoneobull] 24/12/2019 09:21

https://www.geoexpro.com/articles/2019/10/oil-jackpot-in-guyana

[scoble2] 24/12/2019 09:16

British exploration firm Tullow Oil has stated that it has the financial muscle required to develop petroleum reserves in Uganda and Kenya, even after the sudden exit of its chief executive triggered a collapse of its share price.
Tullow, which is in advanced stages of developing oilfields in the two countries, now says that it has ‘reset’ its operations to ensure that production schedules remain on course.
“A review of the production performance issues in 2019 and its implications for the longer-term outlook of the fields has been undertaken and has shown that the Group needs to reset its forward-looking guidance,” said the Tullow Kenya managing director Martin Mbogo in a response to The EastAfrican.
“The Board has committed to undertake a thorough reassessment of the Group's cost base and future investment plans in order to allocate appropriate capital to the Group’s core production assets, development projects and continued exploration.
Executives’ exit
The Board believes that this reassessment and the resultant actions will reset the business and deliver value to shareholders.”
Tullow lost half of its market value after its shares took a nosedive on December 9 following a surprise exit of its chief executive officer Paul McDade, and exploration director Angus McCoss

[theapplefreak] 24/12/2019 09:02

For shorters yes!