Tullow Oil Share Discussion Threads

[crossing_the_rubicon] 14/2/2020 20:53

"Leoneobull14 Feb '20 - 20:39 - 41234 of 41235
ACCRA (Bloomberg) - Tullow Oil said it received approval from Ghanaian authorities to flare gas when necessary to support its offshore fields"


Do you not read prior posts???

Billy Buff posted this 5 hours ago!!!


Billy_Buffin14 Feb '20 - 15:40 - 41232 of 41235

[leoneobull] 14/2/2020 20:39

ACCRA (Bloomberg) - Tullow Oil said it received approval from Ghanaian authorities to flare gas when necessary to support its offshore fields.The permission will assist heavily indebted Tullow to support production at operations that failed to meet their initial output guidance for 2019, contributing to a terrible year that also saw delays at East African projects, disappointing drilling results in Guyana and the resignation of Chief Executive Office Paul McDade.Tullow will resort to flaring when it's unable to ship gas ashore in order to "maintain the integrity of the Jubilee and TEN fields," the company said in an emailed response to questions.Ghana's agreement with Tullow entitles the West African nation to free deliveries of gas that the company extracts with crude from its fields. However, the country's contractual obligations with other gas suppliers such as Eni SpA have rendered some of Tullow's deliveries surplus to requirement.In the absence of a flaring agreement, Tullow has little choice but to inject the unwanted gas back into the reservoirs, a process which could compromise their stability and weigh on production, according to two people familiar with the matter, who asked not to be identified because they're not authorized to speak publicly.Tullow declined to elaborate further, while a spokesman for Ghana's energy ministry didn't answer calls or respond to text messages requesting comment.Output from new oil fields helped Ghana's economy to expand at one of the fastest rates in Africa over the past three years. While the country also relies on gold and cocoa for exports, a potential shortfall in revenue from crude would weigh on a widening budget deficit and persistent tax shortfalls.

[waldron] 14/2/2020 16:54

Price (GBX) 45.24 Var % (+/-) +2.21% (Up +0.98)
High 46.12 Low 44.29
Volume 8,085,868 Last close 45.24 on 14-Feb-2020
Bid 45.34 Offer 45.39
Trading status Closing Price Crossing Special conditions NONE

[leoneobull] 14/2/2020 16:37

Rubicon. I posted from another post on lse. Sorry it wasnt clear enough for you chum. Greetings from Brussels. Here right now

[maywillow] 14/2/2020 15:44

Ghana Approves Tullow Gas-Flaring Request to Support Oil Fields
By Ekow Dontoh
and Paul Burkhardt
14 février 2020 à 15:50 UTC+1

Oil producer will flare when unable to ship gas ashore
Ghana has little demand for gas supplies from Tullow



Tullow Oil Plc said it received approval from Ghanaian authorities to flare gas when necessary to support its offshore fields.

The permission will assist heavily indebted Tullow to support production at operations that failed to meet their initial output guidance for 2019, contributing to a terrible year that also saw delays at East African projects, disappointing drilling results in Guyana and the resignation of Chief Executive Office Paul McDade.

Tullow will resort to flaring when it’s unable to ship gas ashore in order to “maintain the integrity of the Jubilee and TEN fields,” the company said in an emailed response to questions.

[billy_buffin] 14/2/2020 15:40

Edit: About time, gives a production boost. Doubtless TLW keep quiet about flaring but production figures from Jubilee will show an increase.

[mccracken227] 14/2/2020 15:31

Samuel is going to make a lot of money here

[fuji99] 14/2/2020 14:55

Positive to see directors/shareholders increasing their stakes.
From 11 to 12% is a show of confidence.

[theblackbaron] 14/2/2020 14:46

Lol takeover

[mdw1] 14/2/2020 14:45

Holding RNS out; Samuel’s upped his stake again.....

[mcsean2164] 14/2/2020 11:05

Thanks Leonebull!

Hopefully things will get a bit more civilized here!

[fuji99] 14/2/2020 10:39

TLW will recover now. IMO the floor is reached.
SP could go up to 60p+ within weeks without any news.
If any positive is flagged up it could go up much higher.

[stupmy] 14/2/2020 09:19

I've added around 45. We've not resolved what I see as unfinished business at 40/41 so I'm still expecting to move there, but no-one can see the future and I've also got what seems to be a buy signal, albeit not in an uptrend even on the 2 hour chart. That devalues the buy signal considerably. My mean entry is now between 48/49.

[crossing_the_rubicon] 14/2/2020 07:27

"Browse more than I post but over the past months I have seen so much rubbish written on here"

You'd be one of the worst posters on the tosh front with your puerile and pathetic B.A.D


"If you don’t like the heat get out of the kitchen but personally I am adding and will be retiring in 5 years"

Really???You'll be retiring early despite Brexit????

All that pessimism and fearmongering over Brexit. So Brexit wont smash the housing market and stockmarket then??? Else your retirement will be in ruins!!!!

So if you think you'll be retiring in 5 years that means you don't believe all the anti Brexit bollux you've been posting for the last 3.5 years or so!!!!

[leoneobull] 13/2/2020 22:14

jetcrowtsPosts: 69Price: 43.72No OpinionTosh Written HereToday 09:04Browse more than I post but over the past months I have seen so much rubbish written on here.Back in 2016 when Oil was 30 dollars the share price plummeted to 130 and we had to do a rights issue. There was talk of the company going bust which was a real possibility at the time and shorts were up to 15%.Now in 2020 with a good hedge in place, bigger production numbers, more assets in the ground and a lower market cap we are in with a real chance of multi bagging.If you don't like the heat get out of the kitchen but personally I am adding and will be retiring in 5 years. Sit back and chill out folks.

[stupmy] 13/2/2020 17:45

SR, was there some talk about you shorting NMC health (something like that). I seem to remember that you dropped it or didn't get all of what you wanted or something. Pretty soon after that discussion it looked like it takned 200-300p so if my memory is right, it would see m you were right in your original premise, but dropped it too soon. Probably mis remembering things. But couldn't help thinking that it was a missed profit. No-one likes to see those!!

[auson1] 13/2/2020 17:00

SentimentRules,

Hows the Kier short looking ? average 124.5 wasn't it ?
I did mention it a week or so back.

[master rsi] 13/2/2020 14:28

my opinion: both indicators at oversold and now bouncing

Brent Oil

[sbb1x] 13/2/2020 13:56

Why is smallcap doing this...

[sbb1x] 13/2/2020 13:54

Dont click on links Spyware links

[dplewis1] 13/2/2020 11:39

Yep - report all of them to ADVFN problems.

[adrian j boris] 13/2/2020 11:29

A VERITABLE PLAQUE

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13 Feb '20 - 11:17 - 885 of 885
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[adrian j boris] 13/2/2020 11:20

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12 Feb '20 - 22:02 - 2934 of 2934
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[adrian j boris] 13/2/2020 11:08

ashdeans
13 Feb '20 - 10:22 - 2403 of 2404 (Filtered)


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ON OTHER NUMEROUS THREADS

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DavidJames24
13 Feb '20 - 08:58 - 95 of 96
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brand new updated broker note