Tullow Oil Share Discussion Threads

[kulvinder] 24/4/2020 10:04

Now that the sale of assets has been confirmed and shown to the market that the company is aggressively doing something about staying alive during these unpresented times the shorters will overtime come out, until then the price is likely to bounce along the 15 to 25p range, such that they leave with their profits intact. I see GS were allowed in the deal in advance to make a handsome profit and probably both short and long...

[jailbird] 24/4/2020 09:55

If gapped up yesterday at the open .So it is known in may cases that gap has to be filled at some point ...so I expect on charting patterns it will go back to fill that What did it close at on Wednesday ?

[cool hand kev] 24/4/2020 09:49

So how do you Guys trade in a volatile Market?
Yesterday morning @8.30 I couldn't get a firm quote
and wasn't prepared to place an order and get ripped of by the MM's

[ariane] 24/4/2020 09:40

Total acquires interests in East African Crude Oil Pipeline

Published by Lydia Woellwarth, Deputy Editor
World Pipelines, Friday, 24 April 2020 09:15

Total and Tullow have entered into an Agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline.

The overall consideration paid by Total to Tullow will be US$575 million, with an initial payment of US$500 million at closing and US$75 million when the partners take the final investment decision (FID) to launch the project. In addition, conditional payments will be made to Tullow linked to production and oil price, which will be triggered when Brent prices are above US$62/bbl. The terms of the transaction have been discussed with the relevant Ugandan Government and Tax Authorities and agreement in principle has been reached on the tax treatment of the transaction.

Under the terms of the deal, Total will acquire all of Tullow’s existing 33.3334% stake in each of the Lake Albert project licenses EA1, EA1A, EA2 and EA3A and the proposed East African Crude Oil Pipeline (EACOP) System. The transaction is subject to the approval of Tullow’s shareholders, to customary regulatory and government approvals and to CNOOC’s right to exercise pre-emption on 50% of the transaction.

“We are pleased to announce that a new agreement has been reached with Tullow to acquire their entire interests in the Lake Albert development project for less than US$$/bbl in line with our strategy of acquiring long-term resources at low cost, and that we have an agreement with the Uganda government on the fiscal framework,” said Patrick Pouyanné, Total Chairman and CEO. “This acquisition will enable us, together with our partner CNOOC, to now move the project forward toward FID, driving costs down to deliver a robust long-term project.”

[smartie6] 24/4/2020 09:26

Yes Tinky-winky and lala were up early. Dipsy pione3r hasn't woke up yet. Lol.

[sentimentrules] 24/4/2020 09:21

See the teletubbies got all excited in "great news" hahaha

[smartie6] 24/4/2020 09:20

Very much hoping so as all this cash is very heavy.

[smartie6] 24/4/2020 09:20

Today could finally be the start of the big move down in the markets.

[smartie6] 24/4/2020 09:19

Still waiting datait. Where's the rush to buy?
You're going to bankrupt people. They'll be calling you pione3r soon.

[volsung] 24/4/2020 09:13

Noted Mr McGregor

[mr macgregor] 24/4/2020 09:11

Oil and gas producers will be nationalized and profits will be ploughed into reversing global heating. Don't say I didn't warn you.

[datait] 24/4/2020 09:06

shorts rushing to close out lol

[datait] 24/4/2020 09:05

Watch as we go blue now folks.

[datait] 24/4/2020 09:05

shorts closing

[sbb1x] 24/4/2020 09:05

Took a tiny amount under 23p Let's go

[smartie6] 24/4/2020 09:04

For every winner there's a bigger loser.

[volsung] 24/4/2020 09:03

Looks steady to me

[smartie6] 24/4/2020 09:02

I could've made another £20k this morning.

[smartie6] 24/4/2020 09:02

Relentless sells at 21p. FFS. Free fall.

[volsung] 24/4/2020 09:01

Hardly crashing smartie.

[datait] 24/4/2020 09:01

watch and weep then smartie as you will be so wrong about that for sure.

[smartie6] 24/4/2020 08:59

I don't give financial advice but maybe one of the girls might. From my own perspective I only pick a loser and watch for the crash.

I've just picked vols as a loser and watching his 22.8p crash.