Tullow Oil Share Discussion Threads

[watfordhornet] 22/2/2022 08:10

It's nothing to do with U.K. markets.Switch the news on - what were you expecting?

[fizzmiss] 22/2/2022 08:06

Now in the red, wow wow wow. Time to pack investing in corrupt UK markets.

[fizzmiss] 22/2/2022 08:03

half a friggin p rise ARF ARF ARF, your havin a laff dear ohhhh dear, how corrupt can you get lol.

[waldron] 22/2/2022 07:34

Oil prices surge as Russia-Ukraine crisis escalates

Published Mon, Feb 21 20229:51 PM EST
Updated 2 Hours Ago

Weizhen Tan
@weizent
CNBC

Key Points

On Monday evening, Russian President Vladimir Putin ordered forces into two breakaway regions of eastern Ukraine and said he would recognize the independence of Donetsk and Luhansk.

Rising tensions have sent jitters through markets, driving oil prices higher.





Oil prices jumped as the crisis between Russia and Ukraine escalated.

On Monday evening, Russian President Vladimir Putin ordered forces into two breakaway regions of eastern Ukraine and said he would recognize the independence of Donetsk and Luhansk.

In Asia morning trade Tuesday, U.S. crude surged 3.22% to $94 per barrel, while Brent jumped 1.5% per barrel to $96.82.

[waldron] 22/2/2022 07:29

European markets set to fall sharply at the open as Russia-Ukraine tensions rise

Published Tue, Feb 22 20221:08 AM EST

Holly Ellyatt
@HollyEllyatt
CNBC

Key Points

European stocks are expected to open sharply lower on Tuesday as global markets are shaken by developments in the Russia-Ukraine crisis.

The U.K.’s FTSE index is seen opening 67 points lower at 7,413, Germany’s DAX 264 points lower at 14,451, France’s CAC 40 down 94 points at 6,680 and Italy’s FTSE MIB 405 points lower at 25,622, according to data from IG.

[waldron] 22/2/2022 07:29

European markets set to fall sharply at the open as Russia-Ukraine tensions rise

Published Tue, Feb 22 20221:08 AM EST

Holly Ellyatt
@HollyEllyatt
CNBC

Key Points

European stocks are expected to open sharply lower on Tuesday as global markets are shaken by developments in the Russia-Ukraine crisis.

The U.K.’s FTSE index is seen opening 67 points lower at 7,413, Germany’s DAX 264 points lower at 14,451, France’s CAC 40 down 94 points at 6,680 and Italy’s FTSE MIB 405 points lower at 25,622, according to data from IG.

[kulvinder] 22/2/2022 07:14

If there is any justice this will be 75p by 9th March....

[fizzmiss] 22/2/2022 07:08

TLW today should fly; if there is any justice, up 3p at least.

Did anyone notice the manipulated traditional kick down in the share price at close again yesterday, as not to get noticed?

[mcsean2164] 21/2/2022 23:44

Net debt ($m) 2,376 (2020) 2,806 (2019)

Net financing costs for the year were $255 million (2019: $267 million)



It's possible debt will be below $2 billion now with current oil prices and recent $75 million payment... we sold of some good assets for very little though.

I guess we have to wait until next month.

[cumnor] 21/2/2022 22:59

Tlw should pump and pump for the next few months and put the excess (unexpected) cash bonus into debt reduction-this is the market's main bugbear and what has done for tlw for a decade-to knock the debt to an acceptable level.
Even if POO goes to $50 once Iran returns this will still soar if debt is seen to be manageable at any POO.

[xxnjr] 21/2/2022 22:51

Brent is $97. Great timing considering todays JUB offload is probably a TLW cargo.

[xxnjr] 21/2/2022 22:44

thommie Suriname is taking longer than Apache/Total anticipated as some of their larger oil discoveries exhibited high GOR's effectively rendering them as non-starters as Total wouldn't countenance gas flaring on ESG grounds. Has taken them a while to figure out where the low GOR black oil is and it looks like these pools are smaller so they need to find more of them to get to FID.

[xxnjr] 21/2/2022 22:30

Last well drilled by Repsol on Kanuka

"The Valaris EXL II jack-up rig drilled the Carapa-1 well to a total depth of 3,290 meters in 68 meters of water and the well will now be plugged and abandoned."
==============================================================================

Extract from Noble's latest Fleet Status Report; another Jack Up

Noble Regina Allen
F&G JU-3000N
Built: 2013
WD: 400’
Trinidad &
Tobago
N/A Oct 2021 May 2022 - Warm Stacked
Guyana Repsol May 2022 Jul 2022 Rate: Undisclosed

[waldron] 21/2/2022 21:39

Tullow Oil signs MoU with Forestry Commission to develop carbon offset projects
Source: Joy Business
21 February 2022 1:23pm

Tullow Oil has signed a Memorandum of Understanding (MOU) with Forestry Commission, Ghana to identify and develop carbon offset projects that will support both the realisation of Tullow’s 2030 Net Zero Plans and the Government of Ghana’s Nationally Determined Contributions under the Paris Agreement.

Pursuant of the MOU signed, the two organisations will collaborate to develop projects which will enhance the conservation of existing forest and increase forest stocks in line with Ghana’s REDD+ strategy. This active collaboration will not only help build a low carbon future but will create alternative economic opportunities for communities within the identified project zone.

In addition to the company’s commitment to decarbonise operational assets and eliminate flaring by 2025, the identified carbon offset project will form part of Tullow’s strategy to attain Net Zero on its scope 1 and 2 emissions by 2030. The Carbon offsets will compensate for the residual, hard to abate emission.

Deputy Managing Director of Tullow Ghana, Cynthia Lumor said “the partnership with the Forestry Commission of Ghana to co-develop carbon offset project is beneficial to both parties and is evidence of demonstrable resolve between private sector and government, united to address climate change whilst supporting sustainable delivery of energy for development.”

According to her, the benefits to local communities will be at the forefront of projects to be developed to ensure that “we continue to create alter livelihoods aligned with our shared prosperity agenda”.
Tullow Oil signs MoU with Forestry Commission to develop carbon offset projects

The Chief Executive of the Forestry Commission, Ghana, John M. Allotey said Ghana has demonstrated significant leadership on REDD+ to tackle deforestation and forest degradation.

“As a signatory of the Glasgow Leaders Declaration on Forests and Land-use, the country is even more determined to harness the power of collective action, in partnership with private sector to make good our promise for the survival of forests ecosystems, people and their livelihoods. The signing of the MoU is therefore timely, and the commission looks forward to the implementation of measurable actions for verifiable emission reductions”

With this programme, Tullow is aiming to have a minimum 600,000 per annum, in terms of offsetting 600,000 tonnes per year and the aspiration to increase that to up to 1.2 million per annum.

[fizzmiss] 21/2/2022 21:06

Any Tug Boat news?

[waldron] 21/2/2022 20:31

Frequent updates before july would help to support the sp


WHAT A GREY DAY THOUGH

MOST SHARE HAVE SOLD OFF SUBSTANTIALLY TODAY THROUGHOUT EUROPE NO MATTER
WHAT THE OIL AND GAS PRICES INDICATE

THESE DAY CORRELATIONS ARE OUT THE WINDOW AND THIS GOES FOR MOST COMMODITIES

[waldron] 21/2/2022 20:26

Certainly TLW has done well Share price wise even when compares with its bigger competitors such as ENI,TOTAL,BP and SHELL

Coming months should hopefully prove prositive once ukraine is put behind us

[waldron] 21/2/2022 19:57

TLW seems to have done well over 13 months or more

and who knows without ukraine and covid it might well have done better

The other oilies have not managed to do as well

The major difference is that many have continued to pay divis

[fizzmiss] 21/2/2022 19:56

More life in a wet lettuce.

Any news on tug boat movements?

[waldron] 21/2/2022 19:54

THE TULLOW WISH LIST BOXES togetherwith those important supports and resistences

40 to 50p $$$WE ARE HERE$$$
50 to 60p
60 to 70p



December 2019 ends at 64p

December 2020 ends at 29.58p

December 2021 ends at 46.45p

January 2022 ends at 49.84p

[fizzmiss] 21/2/2022 19:39

I said 18 months ago TLW would hardly move even if Oil reached $100 when oil was at $65 and here we are.


TLW should be trading at 90p easy!

[fizzmiss] 21/2/2022 14:23

hxxps://www.argusmedia.com/en/news/2304046-iran-boosts-oil-export-forecast-in-next-years-budget

[fizzmiss] 21/2/2022 14:15

Tullow Oil has signed a Memorandum of Understanding (MOU) with Forestry Commission, Ghana to identify and develop carbon offset projects that will support both the realisation of Tullow’s 2030 Net Zero Plans and the Government of Ghana’s Nationally Determined Contributions under the Paris Agreement.

Pursuant of the MOU signed, the two organisations will collaborate to develop projects which will enhance the conservation of existing forest and increase forest stocks in line with Ghana’s REDD+ strategy. This active collaboration will not only help build a low carbon future but will create alternative economic opportunities for communities within the identified project zone.

In addition to the company’s commitment to decarbonise operational assets and eliminate flaring by 2025, the identified carbon offset project will form part of Tullow’s strategy to attain Net Zero on its scope 1 and 2 emissions by 2030. The Carbon offsets will compensate for the residual, hard to abate emission.

Deputy Managing Director of Tullow Ghana, Cynthia Lumor said “the partnership with the Forestry Commission of Ghana to co-develop carbon offset project is beneficial to both parties and is evidence of demonstrable resolve between private sector and government, united to address climate change whilst supporting sustainable delivery of energy for development.”

According to her, the benefits to local communities will be at the forefront of projects to be developed to ensure that “we continue to create alter livelihoods aligned with our shared prosperity agenda”.

[fizzmiss] 21/2/2022 13:56

Weird share price behaviour?

Leaked bad news, all TLW assets turned to seawater over the weekend?