Tullow Oil Share Discussion Threads

[subsurface] 14/10/2021 09:12

I wonder who Ghana would prefer as the Operator?

[billy_buffin] 14/10/2021 08:40

Thanks your thoughts Thommie

[thommie] 14/10/2021 08:14

Tullow has 700m liquidity plus a 600m credit facility on top. shouldnt be an issue. and it will be fast paying back.so we could see a loss of 6500 bopd by the EG and gabon sale earlier for 140m while tullow in the end just change the production interest from over there to ghana for the same 140m?:)

[thommie] 14/10/2021 08:09

1 year cash flow for jubilee and TEN cash flow after opex (13$\bbl) in avg .while opex in TEN is higher than jubilee. I asume bopd rates of 80 000 formel jubilee and 31 000 for TEN jubilee:0,038 x 80 000 x 365 x, 98 fpso uptime) x 70$\bbl (at 83$\bbl brent - 13$\bbl opex) = 76 118 560 $TEN :, 083 x 31 000 x 365 x0, 98 x 70 = 64 425 347$good to get an idea... any thoughts?

[thommie] 14/10/2021 08:00

also the wording 'if fully exercised' implies that tullow can cherry pick and dont have to take the interests in both fields.

[thommie] 14/10/2021 07:58

sorry, made a mistake. Tullow stake is 35,48% on jubilee. Kosmos 24,08%. if tullow uses its pre emption rights to aquire 3,8% of jubilee it would be 39,3% tullow and 38,3% kosmos.so maybe the possible part tullow can pre emption is dependend on the amount kosmos would overtake tullow in WI. It cant be in tullows interest to lose the operatorship, that would endanger their 10 year plan.what would it cost? I guess the 3,8%.jubilee stake would be around 75m, while the TEN interest of 8,3% would be around the same. you also have to take into account that the sale price got adjusted from 550m to 460 as it iss backdated from 1.4.

[thommie] 14/10/2021 07:49

'Kosmos has acquired an additional 18.0% interest in the Jubilee field and an additional 11.0% interest in the TEN fields in Ghana. This transaction increases Kosmos' interests in Jubilee to 42.1% and in TEN to 28.1%. The transaction is subject to a 30-day pre-emption period, which, if fully exercised, could reduce Kosmos' ultimate interest in Jubilee by 3.8% to 38.3%, and in TEN by 8.3% to 19.8%. Prior to closing the transaction, OXY resolved certain historical tax claims related to the sold interests.'so finally it happens. the pre emption rights will be tullows, as tullow IR answered some weeks ago!a pitty they cant pre emption a higher percentage in jubilee. but I guess better to get 3,8% of the jubilee and maybe 1,2% vom gnpc better than nothing. would be a bargain atm this transaction price and future predicted production increase. I dont know if you wanna pre emption the TEN stake?additinally with this transaction there could otherwise be a switch in operatorship at jubilee, as kosmos would be at 42,1 vs 37%

[billy_buffin] 14/10/2021 07:33

Did we miss a trick?

[waldron] 14/10/2021 06:49

Europe’s stocks head for higher open as markets digest U.S. inflation data, earnings

Published Thu, Oct 14 20211:07 AM EDT

Holly Ellyatt
@HollyEllyatt
cnbc

Key Points

European stocks are expected to open higher on Thursday with investors around the world reflecting on the latest inflation data and earnings out of the U.S.

The U.K.’s FTSE index is expected to open 32 points higher at 7,175, Germany’s DAX 53 points higher at 15,303, France’s CAC 40 up 32 points at 6,631and Italy’s FTSE MIB 123 points higher at 25, 777, according to data from IG.

[subsurface] 14/10/2021 01:33

Compelling Transaction!!!


Kosmos Energy sinks $550 million into buying Occidental’s Ghana oil assets
It’s teaming with Ghana National Petroleum Corp. in the deal valued at a combined $750 million.

Kosmos will pay $550 million while GNPC will pay $200 million for the Houston-based company’s interests in the Jubilee and TEN offshore fields, Occidental said in a statement Wednesday. The proceeds will go toward reducing Occidental’s debt.


Kosmos chairman and CEO Andrew G. Inglis described the deal in a statement as “a compelling transaction ... that accelerates our strategic delivery and is expected to provide long-term sustainable cash flow from fields where we have a deep understanding of the value and future upside.”
Occidental acquired the stakes when it bought Anadarko Petroleum Corp. in 2019 and had previously agreed to sell them to TotalEnergies SE as part of a wider African sale, which eventually fell through.
Kosmos said it expects the additional Ghana interests to generate around $1 billion of free cash flow by the end of 2026, assuming Brent oil prices remain above $65 a barrel.

Good news and gives an indication of Tullows Ghana share value and confidence in Ghana asset and new management,. and also with GNPC involved helps stability.




<<br />
Kosmos Energy Announces Launch of Public Offering of Common Stock

[waldron] 13/10/2021 05:45

European markets head for subdued open amid jitters over growth, inflation

Published Wed, Oct 13 202112:33 AM EDT

Holly Ellyatt
@HollyEllyatt
cnbc

Key Points

European stocks are expected to open slightly lower on Wednesday as concerns around global growth and inflation continue to rattle market sentiment.

The U.K.’s FTSE index is seen opening 14 points lower at 7,117, Germany’s DAX 3 points lower at 15,141, France’s CAC 40 down 2 points at 6,541 and Italy’s FTSE MIB 43 points lower at 25,621, according to data from IG.

[subsurface] 12/10/2021 16:00

Off topic for Tullow

The UN's top court has ruled largely in favour of Somalia in its long-running dispute with Kenya over their maritime border. The panel of 14 judges sitting in The Hague said that Kenya had not proved that Somalia had previously agreed to its claimed border.

ENI Qatar petroleum and Total have interests offshore Kenya not yet sure they are in the disputed Zone.

[ball deap] 12/10/2021 11:57

Oil about to do a turnaround and head north

[xxnjr] 12/10/2021 11:35

"Tullow Oil has become one of the best performing oil companies in London."

Thanks SS. You would never have known that if folks had been guided by the weak minded detritus that a fair number of posters dump on here, mainly the ones expecting instant results and instant gratification or fizz and his acolytes shorting in the opposh*te direction ;-)

[waldron] 12/10/2021 11:17

thanks Yellow





The company has also done well. Its recent results showed that its revenue and profitability grew in the first half of the year. In a recent note, analysts at Jefferies wrote that the stock could jump to 70p, which is about 28% above the current price.

“In our $70/b oil price scenario, Tullow’s Total net asset value increases 61% to 93p and 2022 – 2025 free cash flow yield increases to 33%.”

[waldron] 12/10/2021 11:16

thanks sub

[subsurface] 12/10/2021 11:07

Tullow has outperformed peers says Jefferies.
Tullow Oil has become one of the best performing oil companies in London. The shares have risen by more than 93% this year. As such, it has outperformed the overall price of oil that has jumped by more than 54%.

Most importantly, it has done better than oil majors like BP and Shell, whose shares have risen by less than 30%. As shown below, it has also done better than the Vanguard Energy ETF, which tracks the biggest companies in the industry

[fizzmiss] 12/10/2021 09:17

Therrrrrrrrrrrrrrrrrrrrre Baccccccccck!

[yellowstoneadvisory] 12/10/2021 09:10

Webinar coming up with Tullow CEO Rahul Dhir and CFO Les Wood on 21/10 at 1pm. Get an update on recent performance and prospects in H2. Register here

[yellowstoneadvisory] 12/10/2021 09:09

Webinar coming up with Tullow CEO Rahul Dhir and CFO Les Wood on 21/10 at 1pm. Get an update on recent performance and prospects in H2. Register here

[subsurface] 12/10/2021 08:13

Opec-Plus Output Stays Below Ceiling in September