Tullow Oil Share Discussion Threads

[stupmy] 17/2/2020 08:09

maybe tbb, share price response has been muted for the moment. Maybe a good sign.

[sentimentrules] 17/2/2020 07:47

Beautiful...

[theblackbaron] 17/2/2020 07:47

Stumpy but now we know this low cos well out the way today should find the final bottom for rerate as well flagged as duster last week by update

[datait] 17/2/2020 07:47

Lower than 41 try 25p

[stupmy] 17/2/2020 07:37

Not good at all. 41p today maybe, but let's see how low she can go.

[wodahsnoom] 16/2/2020 21:26

Well said TBB

[alangriffbang] 16/2/2020 16:21

This is a scam that valuetrader has posted on many sites ,just filter him ,

[theblackbaron] 16/2/2020 15:58

Can you chaps keep to Tlw wtf has politics to do with this thread TLW looks based on charts and fundermentals time to rerate thanks

[waldron] 16/2/2020 11:36

Ghana Approves Tullow Gas-Flaring Request to Support Oil Fields

Ekow Dontoh and Paul Burkhardt, Bloomberg News








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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.

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.

To contact the reporters on this story: Ekow Dontoh in Accra at [e-mail];Paul Burkhardt in Johannesburg at [e-mail]

To contact the editors responsible for this story: Andre Janse van Vuuren at [e-mail], James Herron

[stupmy] 16/2/2020 11:26

CtR, if you take a step back, your discussions with Leneo are a good example. Neither one of you will change the views of the other and you both know that. So your goal is pointless. You're both wasting your time and that of the others on the board as your brexit discussions are in fact misplaced here. Both of you know it, but neither one of you can back down and let it go. That is human nature. You can't change it. But when you recognise what it is about your own personality that favours losses rather than wins, you can consciously try to manage it. That helps to change things for the better.

[crossing_the_rubicon] 16/2/2020 11:07

Spot on Stupmy.

[stupmy] 16/2/2020 09:14

CtR post 41242: Couldn't agree more on the basics of your post. Once you understand that human nature is largely egocentric (when you meet people in life who aren't, they stand out) and human nature changes very slowly if at all. I'd go further and say that there is nothing you can do to change it, then you can make profits from the markets. Once you've got to that point you know that markets will always have a predictable element to them and the element is human nature. Understanding that is probably the biggest move towards making profits from trading that you can make.

[crossing_the_rubicon] 16/2/2020 08:57

@Jimarilo.

Leoneonbull isn't bright enough to work that fact out!!!!!!
Despite consistently claiming Remainers are smarter than Leavers.
He most certainly isnt.

[jimarilo] 16/2/2020 08:35

You have to adjust your links in order for them to work on advfn

[leoneobull] 16/2/2020 07:22

Clickable on my phone. Maybe you need to upgrade the 1989 Nokia? UK told what to do by US? I thought we were taking back control?Https://www.dailymail.co.uk/news/article-8007177/Boris-Johnson-faces-b-cking-White-House-officials-giving-Huawei-green-light.htmlInfo on driving and travel in Europe post- Brexit. Great the Telegraph are informing everyone about the disbenefits having promoted leaving for 3.5 years. Https://www.telegraph.co.uk/cars/advice/driving-europe-brexit-everything-need-know/?WT.mc_id=tmg_share_fb

[sarkasm] 15/2/2020 11:29

X THOUGHT THE ABOVE LINK WAS TULLOW RELATED

DISAPPOINTED

[amaretto1] 15/2/2020 11:04

For TOTAL T/O imo .

[leoneobull] 14/2/2020 21:28

Https://blogs.spectator.co.uk/2017/05/remain-supporters-brighter-brexit-backers/