Tullow Oil Share Discussion Threads

[xxnjr] 01/11/2021 17:31

Ship ahoy! We just had an offload dept JUB now 5pm. 8 of the last 9 cargoes have been at 12 day intervals which equates to about 79K. Todays loading was 11 days after the last. This could be an anomaly or possibly indicate stronger production in recent days. (Needs confirmation signals from next 2 cargoes). Also would be great if Ghana.gov updated their production/loading data - it's about 3 months behind currently.

[xxnjr] 01/11/2021 17:01

zingaro go to 35m 13secs of

for latest on hedging

[zingaro] 01/11/2021 16:21

I could imagine that the hedging is "rolling" month by month or quarter by quarter, and thus with increasing oil prices the average hedge is slowly increasing. Perhaps I am totally wrong and for example 2022 production (or 75% thereof) was already hedged before the price rise - but surely not 2023, 2024 and 2025.

[mcsean2164] 01/11/2021 15:55

I wish someone in tullow would talk up their prospects and get better hedging/ banking terms.

[xxnjr] 01/11/2021 13:47

Reality check. My understanding is that Hammerhead has been leapfrogged by Yellowtail in the development queue due to superior economics of the latter. Having said that Hammerhead is still shown as a 'potential' future development although timing is uncertain at this stage.

Regarding TLW Guyana. Not sure there is actually much of an appetite to drill more wells in the medium term, other than commitment wells as and when they arise. Next one being the 2022 Kanuku Block well. This is simply down to poor well results.

It's all very well Gil saying 10bn bbls bbls on Stabroek, blah! Blah! Blah! but the fact remains 0 commercial bbls have been found on his block, even though the nearest Exxon find is only a few kms away. But we live in hope :)

[subsurface] 01/11/2021 13:10

The banks put conditions on Tullow was one the hedge another high interest rates
Rahul made a comment that made me feel terms were foisted upon them they can re negociate at a time of there choosing.
could the lack of drilling new prospects be at the request or insistence of the banks? risk management.

[alfiex] 01/11/2021 12:51

The frustration is the fact that ECO etc are having to push the operator "Tullow" to organise the next drill. Why are they not getting on with it, in the great scheme of things it is not that expensive.

[dealy] 01/11/2021 11:58

The disconnect of the share price with the price of crude is truly astounding. Maybe the company can use excess cash flow to buy back some of the 10.25% coupon bonds it issued

[subsurface] 01/11/2021 11:28

Tullow sits back let others do the spade work! cost effective.

[thommie] 01/11/2021 10:55

so finally tullows orinduik acreage could get worth a bit as hammerhead (low api, high sulfur oil) will be developed and a part of the field is in tullows acreage. ofc an appraisel well will be needed, but I guess once production started it will be a low risk to do so.

[subsurface] 01/11/2021 10:37

ExxonMobil outlines Hammerhead development plan ,report from march 2020

ExxonMobil has outlined its development plan for the Hammerhead field in the Stabroek Block and submitted the plan to Guyana's Environmental Protection Agency.

The operator expects to drill between 26 and 30 development wells on the Hammerhead field across 6 drill centres, including production, water injection, and gas re-injection wells. It would take at least three years to drill the wells starting in early 2022.

In addition, ExxonMobil is planning to install subsea equipment in 2023 with an FPSO to be towed and installed in the first half of 2024. First oil is scheduled for mid-2024 and will produce between 150,000 b/d and 190,000 b/d of oil for 20 years. The FPSO will be capable of holding 1.6-2.0 million barrels of oil, with offloading taking place around every 7 to 8 days.

Hammerhead will be the fourth development in the Stabroek Block after Liza Phase 1, Liza Phase 2, and Payara, with both Payara and Hammerhead still needing various approvals and final investment decisions to be made. The Hammerhead-1 discovery well was made in August 2018 in 1,028 m (3,373 ft) of water.

[subsurface] 01/11/2021 09:58

Thanks Billy confirms Fangtooth very close to Orinduik just hope the up dip is not a problem.

[deanroberthunt] 01/11/2021 09:38

I expect this to be at multi year highs by yr end, the wider macro environment for Oil is very bullish, decades of under investment, and still a fairly long time until we get sustainable resource crossover...

[billy_buffin] 01/11/2021 09:34

'Progress to define multi-million barrel targets on Orinduik, Guyana'

[kulvinder] 01/11/2021 07:53

Plus that COP26 is not going to help our cause is it in terms of any upward share price traction?

[waldron] 01/11/2021 07:38

European markets set to kick off November trading on a positive note

Published Mon, Nov 1 20211:29 AM EDT

Holly Ellyatt
@HollyEllyatt
cnbc


Key Points

European stocks are expected to start the week on a positive note.

The U.K.’s FTSE index is seen opening 15 points higher at 7,261, Germany’s DAX 69 points higher at 15,750, France’s CAC 40 up 44 points at 6,868 and Italy’s FTSE MIB 133 points higher at 26,842, according to IG data.

[subsurface] 01/11/2021 01:33

Kenya

The project is more investable,” said Petroleum Principal Secretary Andrew Kamau.

Mr Kamau, who had indicated earlier that the government held the right to buy back 15 percent stake in one block and 20 percent in the other, said yesterday the government does not necessarily have to exercise that option.

From 2014 report Political, social, and security risks



2015 report



The more the Kenya government are involved financially the better in my opinion!.

lots on the web about block 12a which is not included in the Tullow plan

looks like the Ombudsman report has just been taken down basically community problems no consultation many issues and no land title documents for people living on the land so not able to buy them out, this may be a problem for the pipeline..



One report suggests recoverable Oil worth $40 billion dollars but its very hard got for us .I do hope Rahul can get the best out of it, Tullow will be a very straight forward company when this is sorted.
Ghana,the None operated and some great Prospects to drill when debt reduced and funds available.
No more stranded assets!

[higgsbosun] 31/10/2021 15:06

here's some potential fun ...

Upcoming 10-20x multibagger potential.


Small Aussie oil explorer, FAR Limited is drilling an elephant oil prospect.

This is FAR.AXA or FAR.ASX

(NOTE!!!this is not to be confused with LSE:FAR Ferro Alloy resources )

Overview.

FAR limited is listed on the ASX.

IMO ...shareprice is a steal and if you like Massive 10-20 bagger potential!!!.

1.They are drilling a 1.1 billion barrel prospect in the Gambia.
2. It is 3 prospect stacked drill!
2.They only h ave a market cap of about 50 million pounds.
3. They will receive 35 miilion pounds in 2023 from Woodside Petroleum from the sale of Sangomar.
3. They have approx 90 million cash in the bank now. ( which equates to about 90c/share)
4. They hold 50% working interest and are operator.
5. These guys have an excellent record on exploration and drillbit success with Sangomar.
6. They are drilling directly adjacent and south of Sangomar with analogous geology.

This stock is dirt cheap just now for this upcoming drill.
They got smashed during the Oil rout and covid19. So the shareprice is languishing now.

7. They have hired the Stena Icemax to drill this.

I think this is the biggest drill of the year....in terms of upside.
btw.
They will be around after this drill with plenty of money left and the Woodside payment in 2023.
That alone is worth approx 70c/share.
They have also cut costs to just over AUD$1 million /year admin expenses.


Of course, DYOR or check out the link. lol

[subsurface] 31/10/2021 07:39

Exxon’s 3rd well at Canje Block fails to deliver commercial crude



ExxonMobil to drill ‘step out’ Guyana exploration well
Company aims to spud Fangtooth-1 wildcat in Stabroek block this year

This well is a significant step out test that will target deeper Campanian and Santonian aged reservoirs,” Hess chief operating officer Greg Hill told investors in a conference call.
14 kilometres north-west of the giant Liza field.
don t have a good map but looks close to Orinduik

[waldron] 30/10/2021 16:58

resistence 54.95p

[waldron] 30/10/2021 16:55

THE TULLOW WISH LIST BOXES togetherwith those important supports and resistences

10 to 20p
20 to 30p
30 to 40p
40 to 50p$$$$$$$$$$$$WE ARE HERE$$$$$$$$$$$$$$$$$$$$
50 to 60p
60 to 70p
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80 to 90p




December 2019 ends at 64p

December 2020 ends at 29.58p

January 2021 ends at 25.72p

February 2021 ends at 43.92p

March 2021 ends at 47.21p

April 2021 ends at 54.10p

May 2021 ends at 51.30p

June 2021 ends at 59.46p

July 2021 ends at 44.84p

August 2021 ends at 44.47p

September 2021 ends at 51.26p

October 2021 ends at 45.97p

[adrian j boris] 30/10/2021 16:52

Price (GBX)
45.97 0.44% (0.20)

Open / Last close
45.77 / 45.97

High / Low
47.24 / 45.59

Bid / Offer
45.83 / 45.98

Special Condition: -
Trading Status: Market Close
FTSE All-Share