Tullow Oil Share Discussion Threads

[deanroberthunt] 09/3/2022 08:15

$130 oil and this plummets....

[grupo guitarlumber] 09/3/2022 07:56

There you have given your self the reason Wolf

It be the long term Hedging




WolfofHounslow
9 Mar '22 - 07:45 - 3773 of 3775
0 0 0
-- Revenue of $1,273 million; gross profit of $634 million; loss after tax of $81 million primarily driven by exploration costs written off, impairments, restructuring costs and other provisions.

Even with Brent above 100 they can’t generate profits…
Scary

[grupo guitarlumber] 09/3/2022 07:48

How many months had they hedged out into the future one might ask




Hedge position as at 31 December 2021

(forward looking) 2022 2023 2024


Hedged volume (kbopd) 42,500 33,100 11,300
============================================= ======== ======== ========

Weighted average bought put (floor) ($/bbl) $51/bbl $55/bbl $55/bbl
============================================= ======== ======== ========

Weighted average sold call ($/bbl) $78/bbl $75/bbl $75/bbl
============================================= ======== ======== ========

[wolfofhounslow] 09/3/2022 07:45

-- Revenue of $1,273 million; gross profit of $634 million; loss after tax of $81 million primarily driven by exploration costs written off, impairments, restructuring costs and other provisions.Even with Brent above 100 they can't generate profits...Scary

[grupo guitarlumber] 09/3/2022 07:21

2022 outlook

-- Group working interest oil production guidance remains 55 to 61 kboepd based on Tullow's existing equity interests in TEN and Jubilee. This forecast will be adjusted following completion of the pre-emption of the sale of Occidental Petroleum's interest in Ghana to Kosmos Energy. The estimated full year impact of the completed pre-emption would be an addition of c.5 kboepd (net) to the Group's 2022 production forecast, adjusted for completion timing.

-- Full y ear underlying operating cash flow(1) guidance remains c.$750 million, assuming $75/bbl for the remainder of the year.

-- Full year free cash flow guidance remains c.$100 million assuming $75/bbl for the remainder of the year; year-to-date cash flow positively impacted by oil prices at the start of the year, largely offsetting the one-off impact of a $76 million payment to HiTec Vision in relation to the purchase of Spring Energy in 2013, following an arbitral decision in HiTec Vision's favour. Material cash flow contribution secured in February with rece ipt of $75 million contingent consideration following Final Investment Decision (FID) in Uganda.

-- Capex of c.$350 million, split c.$270 million in Ghana, c.$30 million for non-operated portfolio, c.$5 million in Kenya, and exploration spend of c.$45 million. Decommissioning spend is expected to be c.$100 million.

-- Three new wells at Jubilee and three new wells at the TEN fields planned, including two strategic wells at TEN to further define future development plans, as well as investment in infrastructure for the undeveloped Jubilee South East and North East areas.

-- Tullow will self-operate the Jubilee FPSO from mid-2022 onwards, following the scheduled end of the contract with MODEC, enabling the Group to realise further efficiency improvements and cost savings.

-- Tullow expects to secure a gas commercialisation agreement in Ghana which will come into effect once all foundation gas volumes have been delivered; this is forecast to occur before year-end.

-- In Kenya, a revised Field Development Plan was submitted in late 2021 and discussions are progressing with potential strategic partners.

-- In mid-2022 Tullow will participate in the Repsol operated Beebei-Potaro well, which is a follow-up to the Carapa light oil discovery made in 2020 in the Kanuku licence, offshore Guyana.

-- Work plan in place to progress towards Net Zero target, focusing on gas compression facilities on the Jubilee FPSO; MOU signed with the Ghana Forestry Commission to identify and develop nature-based carbon offset projects in Ghana to offset hard to abate and residual emission

[pollysmate] 09/3/2022 07:17

That was in answer to wolf

[pollysmate] 09/3/2022 07:16

Think you should look again

[mintington] 09/3/2022 07:15

Great results.....better management

[subsurface] 09/3/2022 01:36

"Stars finally arriving".??

Yes Rahul arrived last year! and the stars are now aligning,

Speculation an India company could be involved in Kenya.

[subsurface] 09/3/2022 00:30

Uganda: Schlumberger awarded extensive service contract for Tilenga onshore oil development in Uganda by Total Energies

[waldron] 08/3/2022 19:05

Price (GBX)
62.24 9.58% (5.44)

Open / Last close
56.98 / 62.24

High / Low
63.26 / 56.56

Bid / Offer
62.14 / 62.28

Special Condition: -
Trading Status: Market Close
FTSE All-Share
As at 08.03.22 18:48:57 - All data delayed at least 15 minutes

[frankmcalorum] 08/3/2022 16:58

Odey reduced short yesterday by 0.22%

[the grumpy old men] 08/3/2022 14:37

Price (GBX)
60.38 6.30% (3.58)

Open / Last close
56.98 / 56.80

High / Low
61.20 / 56.56

Bid / Offer
60.38 / 60.48

Special Condition: -
Trading Status: Regular Trading
FTSE All-Share
As at 08.03.22 14:21:27 - All data delayed at least 15 minutes

[milliecusto] 08/3/2022 14:26

Biden expected to ban Russian energy imports on Tuesday https://www.cnn.com/2022/03/08/politics/russian-energy-import-ban/index.htmlHers the link

[milliecusto] 08/3/2022 14:25

US banning Russian oil and Gas

[billy_buffin] 08/3/2022 14:19

"Stars finally arriving".??



Minority partner says two parties are very interested in $3.4bn scheme

[pollysmate] 08/3/2022 13:14

Daily Mail saying $300 oil does this mean we could get above 60p

[waldron] 08/3/2022 12:25

Cheers MINT



Upcoming events

09 Mar 2022

2021 Full Year Results

[waldron] 08/3/2022 12:23

[United Kingdom] TULLOW OIL PLC (TLW)

Cours estimé en temps réel. Real-time Estimate Cboe Europe - 03/22 07:21:41 am

59.67 GBX +5.05%

[mintington] 08/3/2022 12:18

Yes hopefully positive news on continuing debt reduction tomorrow , hopefully breaking under £2 billion very soon and continuing southwards