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Share Name Share Symbol Market Type Share ISIN Share Description
Tullow Oil Plc LSE:TLW London Ordinary Share GB0001500809 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.79 -1.89% 41.11 41.15 41.32 43.14 41.00 41.50 6,583,612 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1,021.1 -931.4 -63.3 - 588

Tullow Oil Share Discussion Threads

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DateSubjectAuthorDiscuss
11/8/2021
09:51
Probably cost them more to appeal it
fizzmiss
11/8/2021
09:33
Well it all helps lol
alfiex
11/8/2021
08:53
Alfiex 11 Aug '21 - 07:27 - 55091 of 55092 0 1 0 Https://www.businessdailyafrica.com/bd/corporate/companies/tribunal-orders-taxman-refund-tullow-sh488m-3506988 Tribunal orders taxman to refund Tullow Sh488m Wednesday August 11 2021 times-tower The Kenya Revenue Authority (KRA) has been ordered to pay Tullow Kenya Sh488.2 million tax refund arising from crude oil exports under the Early Oil Pilot Scheme (EOPS) in 2019. KRA had thrown out the tax refund claim saying Tullow used a wrong format by filing the claim manually instead of using iTax and for making the claim out of time. The Tax tribunal however overturned KRA’s decision saying at the time the filing was made, there were no explicit requirements to file tax refunds online and that KRA had not specified the form of filing the claim and allowed Tullow to ask for the refund. “Quite frankly, it is unfair, irrational even, for the respondent to reject the appellant’s application at the time it did and then over and above that mislead the taxpayer on the appropriate form for relief claims, when in fact the form prescribed by the law was not in existence,” the Tribunal ruled. In the first phase of EOPS, the company exported some 250,000 barrels at Sh1.48 billion but the second phase was then bogged by bad roads in Turkana that were made impassable by flooding. “KRA is hiding behind technicalities to frustrate Tullow’s claims contrary to the provisions of the constitution…KRA is hereby directed to reconsider Tullow’s application taking into account the relevant factors in light of lack of a prescribed form described under Section 18 (3) of the VAT Act 2013,” the Tribunal led by Mahat Somane said. Tullow dispatched its first oil in August 2019 and declared its return as VAT zero rated sales. The firm claims that prior to the registration it had incurred VAT of Sh488.2 million and lodged the claim with KRA which allows such claims to be filed within three months. approx 3.2 million sterling pounds
la forge
11/8/2021
08:39
Alfiex 11 Aug '21 - 07:27 - 55091 of 55092 0 1 0 Https://www.businessdailyafrica.com/bd/corporate/companies/tribunal-orders-taxman-refund-tullow-sh488m-3506988 Tribunal orders taxman to refund Tullow Sh488m Wednesday August 11 2021 times-tower The Kenya Revenue Authority (KRA) has been ordered to pay Tullow Kenya Sh488.2 million tax refund arising from crude oil exports under the Early Oil Pilot Scheme (EOPS) in 2019. KRA had thrown out the tax refund claim saying Tullow used a wrong format by filing the claim manually instead of using iTax and for making the claim out of time. The Tax tribunal however overturned KRA’s decision saying at the time the filing was made, there were no explicit requirements to file tax refunds online and that KRA had not specified the form of filing the claim and allowed Tullow to ask for the refund. “Quite frankly, it is unfair, irrational even, for the respondent to reject the appellant’s application at the time it did and then over and above that mislead the taxpayer on the appropriate form for relief claims, when in fact the form prescribed by the law was not in existence,” the Tribunal ruled. In the first phase of EOPS, the company exported some 250,000 barrels at Sh1.48 billion but the second phase was then bogged by bad roads in Turkana that were made impassable by flooding. “KRA is hiding behind technicalities to frustrate Tullow’s claims contrary to the provisions of the constitution…KRA is hereby directed to reconsider Tullow’s application taking into account the relevant factors in light of lack of a prescribed form described under Section 18 (3) of the VAT Act 2013,” the Tribunal led by Mahat Somane said. Tullow dispatched its first oil in August 2019 and declared its return as VAT zero rated sales. The firm claims that prior to the registration it had incurred VAT of Sh488.2 million and lodged the claim with KRA which allows such claims to be filed within three months. approx 3.2 million sterling pounds
la forge
11/8/2021
07:26
Nice one. It's about $4.5m?
xxnjr
11/8/2021
06:44
European markets head for positive open, tracking gains elsewhere Published Wed, Aug 11 20211:13 AM EDT Holly Ellyatt @HollyEllyatt Key Points European stocks are expected to open higher on Wednesday, tracking gains seen in Asia-Pacific markets overnight and Wall Street on Tuesday. London’s FTSE is seen opening 10 points higher at 7,175, Germany’s DAX 8 points higher at 15,785, France’s CAC 40 up 3 points at 6,828 and Italy’s FTSE MIB 30 points higher at 26,202, according to IG.
waldron
11/8/2021
06:27
hTTps://www.businessdailyafrica.com/bd/corporate/companies/tribunal-orders-taxman-refund-tullow-sh488m-3506988
alfiex
11/8/2021
06:04
The Kenya Revenue Authority (KRA) has been ordered to pay Tullow Kenya Sh488.2 million tax refund arising from crude oil exports under the Early Oil Pilot Scheme (EOPS) in 2019.KRA had thrown out the tax refund claim saying Tullow used a wrong format by filing the claim manually instead of using iTax and for making the claim out of time.
ammu12
10/8/2021
17:47
[United Kingdom] TULLOW OIL PLC (TLW) Delayed Quote. Delayed London Stock Exchange - 08/10 11:35:01 am 47.47 GBX +1.76%
misca2
10/8/2021
16:29
Another poor deal for the shareholders: Tullow Oil plc ("Tullow" or the "Company") is pleased to announce that it has completed its offering of $1,800 million aggregate principal amount of 10.250%
ammu12
10/8/2021
15:37
Enquest closed 8.4% up This Shyte struggled to stay blue lol
ammu12
10/8/2021
06:43
thx good summary of the upside Thommie. The Kosmos Q2 slides say • Jubilee J-55 water injector drilled and completed. Hook up ongoing. – Expected online 3Q21 • TEN gas injector well expected to commence drilling 3Q21, online 4Q21 • Second Jubilee producer well drilling 4Q21 – expected online around year end
xxnjr
10/8/2021
06:13
European markets head for somber open, reflecting global caution over Covid Published Tue, Aug 10 20211:21 AM EDT Holly Ellyatt @HollyEllyatt Key Points European stocks are expected to open slightly lower on Tuesday, continuing a more cautious approach seen globally at the start of the week. London’s FTSE is seen opening 8 points lower at 7,128, Germany’s DAX is seen 21 points lower at 15,740, France’s CAC 40 down 7 points at 6,811 and Italy’s FTSE MIB 19 points lower at 25,090, according to IG.
waldron
09/8/2021
22:04
thx for the summary. sometimes I really cant believe in hindsight how bad the former ceo mcdade has been at doing what he did. no wonder uganda and kenya didnt show any signs of progress before he left as I guess he managed that parts as bad as ghana at least. the only thing he did was wasting money in unsuccesfull wildcat drilling all over the world and capex investments into uganda and kenya without a real plan leading to benefit. what would ghana and the production numbers look like today if someone like rahul would have taken over tullow 2-3 years earlier. I remember that they said in early 2021 that the jubilee fpso will be shut down for 3 weeks in september to upgrade the number of producers that can be tied in for further development and to increase water injection capacity, but I havent heard about it anymore in recent rnss and different interviews. I always thought the low production guidance for 2021 is related to this shut down as the actual performance of jubilee with hopefully more succesful drilling of wells is indicating a better guidance for this year for me. ok, the real challenge will be to get TEN on the right way. this enyenra wells seem to be damn tricky and the GOR problems will be hard to resolve - lets see what the planned gas injector can improve there. if they get jubilee to over 100 000 bopd (I expect it to return to 90 000 bopd at end of 2021 already after the next jubilee producer will be drilled and completed - the completion of the water injector could lead to 85 000 bopd in avg for the rest of the year) in 2022 and TEN back to 60 000 bopd things will look very good by then. and in my head Im often thinking of what might happen if they do find good reservoirs just over the border in cote the ivory which could be fast tracked via tie in into the TEN fpso. Im also looking forward to a possible gas offtake solution. tullow will get sth for its gas in about 12 months if gas offtake numbers stay where they recently were. I dont wanna think of the possibility that ghana might be able to increase the gas offtake in the future if they finally start to get pipeline plans done to export the gas into different parts of the country and maybe even for export... very exciting times could be lying in front of us.
thommie
09/8/2021
13:18
thommie that is a very good question. Not sure. Looking at recent Presentations water inj capacity was/is/will be 2017/19: 130 kbw/day 2020: 160 kbw/day NOW: 200 kbw/day 2021: 240 kbw/day 2023: 300 kbw/day JUB currently has 11 water injectors, plus 1 more being connected. err.... maybe the bottleneck was on the hull? (the pumps weren't maintained in a timely fashion under the previous ceo). However the latest Annual Report says "The engineering work to increase redundancy and reliability has resulted in record levels of water injection with rates now in excess of 200kbwpd, despite a failure in a water injection riser in November 2020. Could mean targets above will be lowered a tad? Unless they replace the riser? Or maybe just forget that one as probably 1 riser for each water injection well?
xxnjr
09/8/2021
11:59
without being an expert I often get the impression, that water injectors are more time intensive to complete compared with producers. Does anyone know if the bottleneck at daily water injection capacity is the count of water injectors or the amount of pump capacity on the fpso at Jubilee?good to see that predictions about a 10k bopd rise for the producer seems to be right. Lets hope that the predictions about 8000 bopd for the water injector will be spot on as well. at current oil prices the producer will have paid for itself in just 3 months. like booty said - unbelievable economic!It looks silly not to advance the drilling program by contracting a 2nd drilling rig.
thommie
09/8/2021
07:41
Very good news XX Thank you.
subsurface
09/8/2021
07:23
Never goes up with oil but the MM crash it back down for there sewer rat shorting mates on a small drop in oil
fizzmiss
09/8/2021
06:56
European markets set to start the week on a negative note Published Mon, Aug 9 20211:12 AM EDT Holly Ellyatt @HollyEllyatt Share Key Points European stocks are expected to open in negative territory on Monday, bucking more positive sentiment overnight in Asia-Pacific markets. London’s FTSE is seen opening 17 points lower at 7,109, Germany’s DAX 23 points lower at 15,738, France’s CAC 40 down 8 points at 6,815 and Italy’s FTSE MIB 87 points lower at 25,891, according to IG.
waldron
09/8/2021
06:33
SS - out of Kosmos today:- "The first two wells in our four-well campaign were drilled in the quarter with the first Jubilee producer well (J-56P) completed and now online with Jubilee currently producing around 80,000 bopd." hTTps://www.investegate.co.uk/kosmos-energy-ltd--kos-/rns/second-quarter-results/202108090700079269H/
xxnjr
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