Tullow Oil Share Discussion Threads

[xxnjr] 18/1/2022 23:03

well said thommie.

on the shorts. Pictet have today reduced from 1.18% to 1.09%.

0.09% bought back is about 1.29m shares.

[waldron] 18/1/2022 19:24

fraserdean
18 Jan '22 - 16:09 - 56593 of 56594
0 0 0
Not sure if it's Kenya, upstream is a bit of a copy of this:




Tullow submits final oil development blueprint

By Kepha Muiruri For Citizen Digital Published on: January 10, 2022 03:17 (EAT)

Tullow submits final oil development blueprint

The blueprint, known as final development plan (FDP), was deposited with the Ministry of Petroleum in early December ahead of the end year deadline.

Subsequently, the Ministry is expected to undertake a review of the blueprint from whose result will set the path for a potential final investment decision on the local oil exploits.

The submission of the FDP comes on the backdrop of the raised stakes for the project following a redesign of the development in the first half of 2021.

UK based oil explorer Tullow Oil has submitted the final development blueprint in relation to its oil development project in the country.

The blueprint, known as final development plan (FDP), was deposited with the Ministry of Petroleum in early December ahead of the end-year deadline.

Subsequently, the Ministry is expected to undertake a review of the blueprint from whose result will set the path for a potential final investment decision on the local oil exploits.

The submission of the FDP comes on the backdrop of the raised stakes for the project following a redesign of the development in the first half of 2021.

Tullow for instance now sees a greater daily output from the project at 120,000 barrels (bbls) from 72,000 bbls previously.

Further, the review estimated larger volumes of oil deposits with a gross of 585 million barrels from 433 million barrels previously.

The Anglo-English explorer now estimates spending of roughly Ksh.384.9 billion ($3.4 billion) to first commercial oil including the digging of additional wells and the development of a pipeline connecting the Turkana oil fields and the port of Lamu.

At the same time, Tullow estimates it will cost about Ksh.2,490 ($22) to produce a barrel of oil.

In October, Tullow said it was stepping up its search for a strategic partner to help it implement its development plan.

The raised stakes for the project served to clear up doubts over the viability of the project which has remained largely in the exploration stage since the discovery of oil in the Lokichar basin in the early 2010s.

"Based on the revised plan, Tullow believes that this project is an attractive commercial prospect for investors looking to access the East Africa oil and gas sector in both the upstream and midstream. It is intended that a strategic partner will be secured ahead of a Final Investment Decision,” Tullow said in a trading statement on September 15.

[waldron] 18/1/2022 19:21

fraserdean
18 Jan '22 - 16:09 - 56593 of 56594
0 0 0
Not sure if it's Kenya, upstream is a bit of a copy of this:




Tullow submits final oil development blueprint

By Kepha Muiruri For Citizen Digital Published on: January 10, 2022 03:17 (EAT)

Tullow submits final oil development blueprint

The blueprint, known as final development plan (FDP), was deposited with the Ministry of Petroleum in early December ahead of the end year deadline.

Subsequently, the Ministry is expected to undertake a review of the blueprint from whose result will set the path for a potential final investment decision on the local oil exploits.

The submission of the FDP comes on the backdrop of the raised stakes for the project following a redesign of the development in the first half of 2021.

UK based oil explorer Tullow Oil has submitted the final development blueprint in relation to its oil development project in the country.

The blueprint, known as final development plan (FDP), was deposited with the Ministry of Petroleum in early December ahead of the end-year deadline.

Subsequently, the Ministry is expected to undertake a review of the blueprint from whose result will set the path for a potential final investment decision on the local oil exploits.

The submission of the FDP comes on the backdrop of the raised stakes for the project following a redesign of the development in the first half of 2021.

Tullow for instance now sees a greater daily output from the project at 120,000 barrels (bbls) from 72,000 bbls previously.

Further, the review estimated larger volumes of oil deposits with a gross of 585 million barrels from 433 million barrels previously.

The Anglo-English explorer now estimates spending of roughly Ksh.384.9 billion ($3.4 billion) to first commercial oil including the digging of additional wells and the development of a pipeline connecting the Turkana oil fields and the port of Lamu.

At the same time, Tullow estimates it will cost about Ksh.2,490 ($22) to produce a barrel of oil.

In October, Tullow said it was stepping up its search for a strategic partner to help it implement its development plan.

The raised stakes for the project served to clear up doubts over the viability of the project which has remained largely in the exploration stage since the discovery of oil in the Lokichar basin in the early 2010s.

"Based on the revised plan, Tullow believes that this project is an attractive commercial prospect for investors looking to access the East Africa oil and gas sector in both the upstream and midstream. It is intended that a strategic partner will be secured ahead of a Final Investment Decision,” Tullow said in a trading statement on September 15.

[franky15] 18/1/2022 18:59

If we get a decent trading update , oil keeps rising and we get some jv Kenya news I think we could quite easily reach triple figures

[fraserdean] 18/1/2022 16:09

Not sure if it's Kenya, upstream is a bit of a copy of this:

hxxps://citizen.digital/business/tullow-submits-final-oil-development-blueprint-n289989

[waldron] 18/1/2022 15:46

Janhar
18 Jan '22 - 15:44 - 56591 of 56591
0 0 0

[janhar] 18/1/2022 15:44

https://www.telegraph.co.uk/business/2022/01/18/heading-300-barrel-oil/

[bootycall] 18/1/2022 15:08

People should remember that opex costs have fallen considerably….somewhat offset by downgraded reserves which have squeezed the per barrel calculation. The lack of an agreed drilling programme in Ten has meant most of the improvements in Jubilee have been offset by Ten lower production. This should not be an issue post 2023 because I believe Ten has high production wells to drill in Ntomme which will boost production and reserves. The Company will need to nail down water and gas offtake processing but a second rig should rapidly accelerate production.
Looking very promising…with Dorothy gone …we should finally be allowed to look at likely levels of future production….although it might depends on completion being finalised on recent acquisition to get Authorised Financial Expenditures in place.The FDP news in Kenya is a big stimulus to sentiment as are rising oil prices but the Ghana project is worth, in my opinion over 90p on its own as things stand…. A second rig ..take it up to 130p. Booty
Good luck !

DYOR

[proj] 18/1/2022 15:04

You may well be right, xxn. But never underestimate the pig-headedness and arrogance of shorters! Some of them tink they are God, and refuse to recognise when the tide is about to swallow them up.

But I take your point: people are slowly waking up to what Rahul is doing here in concentrating on our superb production assets, and not using them fund wild goose chases trying to uncover mega-discoveries. The next hedges could also make us look like a massive cash cow, and lead to a proper re-rate. GL

[rolo7] 18/1/2022 14:53

This is going into fste 250 end of month as shell gets listed as on company on fste100?

[thunders] 18/1/2022 14:53

Time to pile on ..this was £250 and Oil was not this high. Only reason this came down was oil price. Trading statement comming soon!!!

[xxnjr] 18/1/2022 14:37

Reckon it is just genuine buyers appreciating the stock is in recovery mode and undervalued.
80% of shorts have long since closed. excuse the pun.

[proj] 18/1/2022 14:22

Looks like the shorts have started closing in ernest. I can only see this accelerating between now and the 26th. What with the poo, those blighters must have been handed their rear ends here.

Rahul seems to favour under-promising and over-delivering, so Friday-week could reveal some unexpected corkers. GL all.

[waldron] 18/1/2022 13:38

[United Kingdom] TULLOW OIL PLC (TLW)

Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/18 08:36:46 am

60.86 GBX +10.13%

[waldron] 18/1/2022 13:37

[United Kingdom] TULLOW OIL PLC (TLW)
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/18 08:36:46 am

60.86 GBX +10.13%

[janhar] 18/1/2022 13:25

Harbour is the only oil stock not to have moved much with the poo if anyone is looking to capitalise on it

[janhar] 18/1/2022 13:23

Ukraine concerns also driving up poo.

[cumnor] 18/1/2022 13:22

Lets Go Tullow.....

[xxnjr] 18/1/2022 13:17

would imagine it is this

upstream on-line

Kenya government sizes up development plan for $3.4bn oil project
Tullow Oil has submitted final development plan for Lokichar oil project.....

[kulvinder] 18/1/2022 13:14

Yes that would be nice for starters Waldron....

[pollysmate] 18/1/2022 13:12

Is this ride down to oil price? Or is something else going on? Let’s hope it continues

[waldron] 18/1/2022 12:10

how about 62.30p first