Tullow Oil Share Discussion Threads

[teamwork1] 03/1/2020 08:19

Lots of 1000 buys

[oakville] 03/1/2020 08:18

If the oil price continues to stay strong Tullow will start to look really cheap.

[xxnjr] 03/1/2020 08:04

Everything is up in the mix at TLW HQ. "Confirm" is a two way street. Anyway, we'll have to hear what the plans are from the horses mouth.

[sbb1x] 03/1/2020 08:03

Oil flying

[wodahsnoom] 03/1/2020 07:55

FSA - every cloud eh?

ECO press release states it will confirm 2020 drilling plans in the next couple of weeks. I would think if TLW was going to defer any further drilling in Guyana, ECO would know about it before releasing such a statement

[subsurface] 03/1/2020 07:52

Good report here too Captain

[fsawatcher] 03/1/2020 07:51

huge war comin in middle east

oil goin to $100 media sayin

[fsawatcher] 03/1/2020 07:46

wow iran US war

oil price goin up like rocket

85pb comin

tullow gonna be 70p today

[deans] 03/1/2020 07:44

No mention of 4m net pay in RNS.

[captain james t kirk] 03/1/2020 07:21

ECO are bigging up the Carapa discovery:

[grafter] 03/1/2020 02:45

Oil prices surge after Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force, was killed in a U.S. airstrike in Baghdad.

DYR -

[waldron] 03/1/2020 00:01

you can call me Prometheus if you thus refer to me SPL

[stockport loser] 02/1/2020 23:47

Took profits and into UFO________________________Who are you, Buck Rogers?

[waldron] 02/1/2020 21:00

can it keep in the 60 to 80p BOX



OR ARE WE GOING TO SEE A SLIP

into the 40 to 60p BOX

TO BE CONFIRMED FRIDAY AND MONDAY



Roll on mid jan

[fsawatcher] 02/1/2020 20:49

DOW was 100pts on lse close

Now 260pts up

watch the scramble tomorra

will bounce back strong and finish the week higher than the 2019 close

[fsawatcher] 02/1/2020 20:47

this is goin north tomorra

Should punch through previous day high of 62p and have a pop at 66p/67p

Shorters took advantage today and closed a few

Tullow lookin prime target for pe buyout. Business can be broken up and sold for 3 times today's cap.

[yidarmytom] 02/1/2020 19:04

nice post thankyou Leoneo

[leoneobull] 02/1/2020 18:09

Fickle speculatorshttps://www.proactiveinvestors.co.uk/companies/news/909918/tullow-oils-latest-guyana-discovery-is-a-positive-boost-even-if-market-speculators-have-no-time-for-nuance-909918.html

[xxnjr] 02/1/2020 17:39

FT comment

Tullow Oil shares tumbled on Thursday after the FTSE 250 explorer announced drilling results in South America for an offshore oil well that analysts suggest is unlikely to be commercialised.

The oil and gas group’s share price fell as much as 20 per cent shortly after the open in London after Tullow said the amount of oil discovered at its Carapa-1 well, off Guyana, was less than it had anticipated. The losses narrowed to a 7 per cent decline.

Tullow emphasised that the results suggested the Cretaceous rock formation, which is one of the most promising areas for exploration, extended into its licensing area.

The region, which contains ExxonMobil’s major Stabroek block of wells, is similar to the oil-rich area off west Africa, which was connected to South America until roughly the early Cretaceous period about 130m years ago.

However, net pay — the thickness of the oil reservoir and one of the key factors in determining whether a well is likely to be commercialised — was below Tullow’s pre-drill forecasts.

“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,” said Mark MacFarlane, Tullow’s chief operating officer.

Al Stanton, an analyst at RBC Capital Markets, said that given the low net pay he did not expect the discovery to be declared commercial. Similarly, Job Langbroek, an analyst at Davy stockbrokers, described the oil quality as “very acceptable” but said the reservoir thickness was “suboptimal and not commercial”.

Thursday’s results are another blow to the company’s Guyanese operations after it said last November that two other discoveries off the coast of the South American country contained heavy oil, prompting warnings that the projects would also be difficult to commercialise.

They also come after a difficult 2019 for the group, which led to its stock price falling nearly 70 per cent during the year as it was repeatedly forced to cut its production outlook and parted ways with its chief executive and head of exploration.

Guyana has emerged as one of the world’s most promising areas for offshore oil exploration following significant discoveries made by Exxon. The US energy major has discovered an estimated 6bn barrels equivalent of recoverable oil and gas since it started drilling in 2015.

Tullow has drilled three wells over two licence areas off Guyana, covering about 7,000 square kilometres.

The Carapa-1 well falls within the Kanuku block off the coast of Guyana, which is 37.5 per cent owned by Tullow. A further 37.5 per cent stake is held by the operator, Spain’s Repsol, and France’s Total owns the remaining 25 per cent.

[xxnjr] 02/1/2020 17:31

Think the comparison was valid bootycall as APC/Algeria is predominately oil afaics.

Anadarko’s International sales volume averaged 102,000 Bbl/d during the 4th quarter, representing a slight decrease from the prior quarter, largely driven by size and timing of liftings. The company’s portfolio in Algeria and Ghana continues to provide stable, high- margin, and Brent-levered oil production that generates significant free cash flow.


Anadarko have always described Algeria & Ghana as 'High value oil', or words to that effect.

[teamwork1] 02/1/2020 17:18

https://www-proactiveinvestors-co-uk.cdn.ampproject.org/v/s/www.proactiveinvestors.co.uk/companies/amp/news/909918?amp_js_v=a2&_gsa=1&usqp=mq331AQCKAE%3D#aoh=15779851892163&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.proactiveinvestors.co.uk%2Fcompanies%2Fnews%2F909918%2Ftullow-oils-latest-guyana-discovery-is-a-positive-boost-even-if-market-speculators-have-no-time-for-nuance-909918.html

[sentimentrules] 02/1/2020 17:14

Be interesting by Friday week .see what the true adjustments are

[yidarmytom] 02/1/2020 17:03

going up tomorrow

[sentimentrules] 02/1/2020 16:48

Funds often happy to buy to loan and cover some book. Just depends if any stock requests