Tullow Oil Share Discussion Threads

[ny boy] 02/1/2020 07:21

I’ll not be buying in this month, will instead add more to (FOXT), now in a recovery and of course No debt,is an obvious investor attraction imo dyor & Happy NY, stay healthy and wealthy. Off to warmer climes for a few months, me not like blighty in January & February.

[costax1654x] 02/1/2020 07:19

Proved an area of oil!

[dealy] 02/1/2020 07:17

no value was assigned to this at 64p so why should it fall now? things are not worse today than last week

[jayrh] 02/1/2020 07:17

What a carapa result that is 4 mtrs not worth the money spent on it no wonder p and a... gla

[xxnjr] 02/1/2020 07:12

Well I did warn everyone years ago that there's a huge difference in Guyana between drilling beyond the top of the slope and where Exxon are in a distal location bottom of slope and beyond. All this rather underlines the need to invest money wisely by sorting out Ghana, rather than wasting money on fruitless exploration.

[fsawatcher] 02/1/2020 07:12

pants start to year

goin sub 60p again

will buy on 51p bounce

[leoneobull] 02/1/2020 07:11

At least it's light oil in the cretaceous

[captain james t kirk] 02/1/2020 07:05

Sorry, I'm not able to copy the link:
Carapa-1 well result

2 January 2020 - Tullow Oil plc (Tullow) announces that the Carapa-1 exploration well, drilled on the Kanuku licence offshore Guyana, has encountered approximately four metres of net oil pay based on preliminary interpretation, and has extended the prolific Cretaceous oil play into the Group's Guyana acreage.

Preliminary results of drilling, wireline logging, pressure testing and sampling of reservoir fluid indicate the discovery of oil in Upper Cretaceous age sandstone reservoirs. Rig site testing has indicated that the oil is 27 degrees API with a sulphur content of less than 1%. A detailed laboratory analysis of the oil quality will follow in due course.

The Carapa oil discovery suggests the extension of the Cretaceous oil play from the Stabroek licence southwards into the Kanuku licence. While net pay is lower than pre-drill forecasts, the 27 degree API oil supports the significant potential of the Cretaceous play on both the Kanuku and adjacent Orinduik licences.

The Valaris EXL II jack-up rig drilled the Carapa-1 well to a Total Depth of 3,290 metres in 68 metres of water and the well will now be plugged and abandoned. Repsol Exploración Guyana, S.A. is the operator of the Kanuku block with a 37.5% stake. Tullow Guyana B.V. also holds a 37.5% stake with Total E&P Guyana B.V. holding the remaining 25%.

Mark MacFarlane, Chief Operating Officer, commented today:

"The Carapa-1 result is an important exploration outcome with positive implications for both the Kanuku and Orinduik blocks. While net pay and reservoir development at this location are below our pre-drill estimates, we are encouraged to find good quality oil which proves the extension of the prolific Cretaceous play into our acreage. We will now integrate the results of the three exploration wells drilled in these adjacent licences into our Guyana and Suriname geological and geophysical models before deciding the future work programme."

[leoneobull] 02/1/2020 07:03

Plugged and abandoned but suggests two blocks contain oil.

[leoneobull] 02/1/2020 07:02

4m net pay. Rns out

[master rsi] 01/1/2020 22:04

Why you could soon be filling up your car with fuel made from orange peels, waste straw and... fatbergs
ROB HULL This is Money - 31 December 2019
Four UK-based firms creating eco fuels from waste have received new backing

They use uneaten fruit, congealed masses from sewers and leftovers from farms
Minsters expect low-carbon fuels to save nearly 85m tonnes of CO2 by 2032
Transport minister Grant Shapps confirmed the companies will receive funding

The fuel you pump into your car could soon be made of waste items including discarded fruits, congealed masses from the nation's sewers and leftovers that farm animals don't eat.

That's because world-leading UK-based firms developing green fuels from waste items have received new government funding this week in a bid to reduce emissions.

Minsters expect low-carbon fuels to save nearly 85million tonnes of CO2 between 2018 and 2032 - the equivalent of removing around 18million cars from the road today.

Green fuel funding: Four UK firms developing eco fuels from waste items have received new financial backing from the government this week

Among the unusual items between converted into green fuels are discarded orange peels and other household rubbish, fatbergs that block sewage systems, unused straw from farmland and old wood.

Four UK companies specialising in repurposing such components as fuels have received backing from the Government as Britain continues to push ahead with its plans to cut vehicle emissions with an eye on the nation becoming carbon neutral by 2050.

Grant Shapps, transport secretary, said: 'Whether you're commuting to work or travelling on a family getaway, we want that journey to be as green and environmentally friendly as possible.

'This funding will help encourage innovative technology using today's waste to power tomorrow's green transport revolution, helping us reach a cleaner and greener future.'

Fatbergs are blockages made up of flushed fat, oil, grease and other flushed waste such as wet wipes and illegal drugs

Specialist firms are now having to remove these fatbergs from sewage systems due to an increased volume of blockages. They are difficult to recycle and destroy

Orange peels and other household waste is being converted to eco fuels
Waste straw and old wood from farms is also being utilised by UK eco-fuel firms

Two of the projects will use the Government's £20million Future Fuels for Flight and Freight Competition fund.

KEW Projects and Rika Biogas have been awarded a share of £6.5million to build plants which aim to provide fuel for heavy goods vehicles.

What are fatbergs?
Fatbergs are blockages made up of flushed fat, oil, grease and other flushed waste such as wet wipes and illegal drugs.

They form into huge concrete-like slabs and can be found beneath almost every UK city, growing larger with every flush.

They also include food wrappers and human waste, blocking tunnels - and raising the risk of sewage flooding into homes.


They can grow metres tall and hundreds of metres long, with water providers last year declaring an epidemic of fatberg emergencies in 23 UK cities, costing tens of millions of pounds to remove.

The biggest ever discovered in the UK was a 750-metre (2,460ft) monster found under London's South Bank in 2017.

Fatbergs take weeks to remove and form when people put things they shouldn't down sinks and toilets.

The project at KEW will also begin research which could pave the way for low carbon aviation fuel.

Over the next decade the UK advanced fuels industry is expected to be worth over £400million and create 9,800 jobs.

A further two projects, which are being funded under the £25million Advanced Biofuels Demonstration Competition, are also driving towards their final stages of development.

This includes Nova Pangaea Technologies, who will focus on the production of bio-ethanol from wood waste that can be blended with existing petrol used in road transport.

A Department for Transport spokesman said: 'These latest investments build on the Government's push to go further and faster to harness innovation, drive down emissions and improve air quality.

'This includes through the ground-breaking Transport Decarbonisation Plan which will set out plans to end the UK's transport emissions by 2050 and measures to rapidly increase electric vehicle infrastructure.'

George Freeman, Future of Transport minister, added: 'We made a legally binding commitment to reaching Net Zero. Now we are delivering.

'The UK is reducing CO2 emissions faster than any other G20 nation.

'We are doing it by investing in research and development, supporting the uptake of low emission and electrical vehicles, new inner city Clean Air Zones and the world's first comprehensive Transport Decarbonisation Plan.

'This global leadership is helping create a 21st century transport network that is better for our environment, our health and our economy: with the potential to deliver high-skilled jobs in the green economy to all corners of the nation.'

[franky15] 01/1/2020 19:41

Rns tomorrow intraday or Friday 7am guaranteed

[master rsi] 01/1/2020 17:39

Leoneobull

re - Shorts down from 16.7% to 1.2% in the past months .

Do not believe what anyone is posting unless you have a link.
My link below tell me 16.7% was back in April 2017 ( share price was 200 to 240p ) and currently at 1.12% naturally of the posible reported above 0.50%, but can be many more under this ceiling and be much higher



--------------

So on being so low short % there is not much chances of share price bouncing back fast due to closing, but if for this to happen will be due to positive news.

[yidarmytom] 01/1/2020 17:16

I'll be amazed if we do not get back above 100p, especially if carapa news is positive

Oil majors inc. Total must surely be looking at Tullow, either to acquire specific assets or the Company in its entirety

[leoneobull] 01/1/2020 16:52

Thanks, fat boy on LSE Short positions collapsed.31 Dec 2019 11:21Shorts down from 16.7% to 1.2% in the past months .RECENT major broker opinions listing target price concensus of £1.16 with the LOWEST @ 86p.NAVs are at £2.03 and £1.65 by industry due diligence specialist EY.Should be an interesting January.

[stupmy] 01/1/2020 15:44

Thanks Billy, will check that out later. Have to go out for the moment.

[billy_buffin] 01/1/2020 15:20

Hi Stupmy
Normally 2 or 3 vessels standing by the rig, usually more activity. Sense Repsol are due a statement shortly as their programme ran out on 31st Dec. 2019.

Scroll down pick page 2 for pdf see notice notice number 92.

Other activity The Karoon/Tullow Z38 Marina-1 Peruvian Well. The 'Stena Forth' drillship now due Callao Port, Peru 7th Jan. It anchors there and awaits clearance before it moving further North to the drill-site.

[stupmy] 01/1/2020 14:13

I don't know how to interpret that Billy, is there something we can infer from it?

[billy_buffin] 01/1/2020 12:17

Carapa-1

Quiet at the rig site just one standby vessel in attendance, however OSV 'GS Navigator' just left Trinidad bound Carapa-1 eta 17:00 2nd.
Repsol should have posted a 'Notice to Mariners' as their plan of action terminated on the 31st Dec.

[dealy] 01/1/2020 09:15

the drop in forecast production (20%) is offset by the rise in the crude price. So revenues will not be substantially lower than had previously been expected. Operational issues can be fixed. Plus never been an easier time for a takeover

[turvart] 01/1/2020 01:09

With regards Master Rsi and his 2 point strategy on trendlines is the fact if the trend breaks below or up on that 2 point strategy is the fact you could point trendlines any where you like!

You can't point trendlines anywhere you like otherwise the trendlines would be totally irrelevant in trading terms and hence no trendline channel would even form on a 2 point strategy! that's why 3 points are so important, also it's best when posting the 3 point strategy that the higher high's or lower high's are also included to see where the top is also going into what is called the " Trendline channel" and this is also posted on a certain time frame.

You just can't post daily trends of any stock with what your actually doing and it would be prudent to at least go onto a weekly chart rather than what seems to me suits your type of investing!