Tullow Oil Share Discussion Threads

[kulvinder] 05/5/2022 08:12

ENQ, is flying and has now doubled, this does not even move...what does the poo have to do to make this move above 60 and stay there?

[xxnjr] 05/5/2022 08:01

Yeah - may have to change the air filters!

[subsurface] 05/5/2022 07:05

Gabon Terminal leak Drone photos Africa reporting

Looks like could be some safety issues with the vacuum truck!

[xxnjr] 03/5/2022 15:40

Was out. Thanks for answering the Q on Gabon SS.

Shutdown ties in with most recent Jubilee Offload which departed eve of 26/Apr.

Hope you are right on Kenya as also hold Africa Oil.

[subsurface] 03/5/2022 11:10

From Tullow website

Rabi Light loads from the Perenco operated Cap Lopez on-shore terminal located near Port Gentil.
The Cap Lopez terminal was previously operated by Total, but from late 2021 the Operatorship was assumed by Perenco.
Following the above corporate activity, Tullow was able to consolidate its modest existing footprint in the terminal so that now over 90% of its Gabon production is received into this facility.
It will have an impact on loading

[bootycall] 03/5/2022 10:11

@xxnjr Are you sure this even involves Tullow ?
I note from link below,that this facility was purchased by Perenco in December 2021 combined with the oil fields associated with it from TotalEnergies.

[subsurface] 03/5/2022 09:42

Hi XX,

Sound like the Oil is retained within the Bund wall as some reports are concerned about rain fall.

Ghana
Jubilee shutdown commenced on Friday (29th) as per poster on LSE

Kenya

Africa Oil Corp updated website on their home page there is now a massive photo of the Turkana site in Kenya.?

[xxnjr] 03/5/2022 08:39

Bit of a snafu, or a lucky escape, in Gabon

[most of TLW Gabon is either operated by Perenco, or M&P]

[waldron] 29/4/2022 16:01

56.30 GBX +1.44%

[fizzmlss] 28/4/2022 10:44

Kenya news will catch shorters by surprise, only a few days left and big boys have been closing short positions consistently, 25-30% increase in share price when news lands, look up detail analytics/trends on ORTEX for Tullow shorts.

[grupo] 28/4/2022 05:40

Oil futures: Prices drift lower as surging dollar outweighs record product cracks
Crude Oil Refined Products
13min ago

Quantum Commodity Intelligence – Crude oil futures in Asian trading hours Thursday were trending lower as the soaring dollar and broader economic concerns outweighed falling Russian energy exports and surging refined product cracks.

Front-month June ICE Brent futures were trading at $103.74/barrel (0515 GMT), compared to Wednesday’s settle of $105.32/b, while the more-liquid July contract was trading $103.36/b.

At the same time June NYMEX WTI was trading $100.50/b, versus Wednesday’s settle of $102.02/b.

The Dollar Index soared to fresh multi-year highs of above 103.50 points early Thursday, ahead of next week’s expected US interest rate hike, while the Euro continues to tumble on Russian energy-supply fears.

China’s battle against Covid-19 also proved a drag on oil prices, as Beijing launched a mass testing program aimed at curtailing the outbreak, prompting fears of fresh lockdowns.

Energy firms continued to back away from Russian oil, including Shell tightening its definition of what constitutes as Russian-origin, while Exxon has declared a force majeure at its Sakahlin-1 project.

Reports on Wednesday indicate that Russia sees output declining by 17% this year compared to last due to sanctions, while output continues to slide.

“Looks like their production is down 1 mbd-ish. So their refinery runs must have gone down, meaning less products exports. I believe crude exports will be more significantly impacted in a few weeks,” commented hedge-fund manager Pierre Andurand.

Prices also found support from soaring distillate and gasoline cracks, which were trading at around record highs as Russian exports fall.

Europe continues to work on a package of fresh sanctions aimed at Russian energy, but the timeline remains uncertain.

“Germany will support a gradual ban on Russian oil, but that won’t happen immediately,” said Ed Moya, senior market analyst at brokerage Oanda.

[subsurface] 27/4/2022 01:19

Nigeria-Morocco Pipeline: Australia’s Worley To Conduct Feasibility Study.

Covering more than 7,000 kilometers in distance, the pipeline will link Nigeria with Morocco, traversing territorial waters of 13 countries, 11 of which are located in West Africa.

map shows joining to Ghana existing pipeline and covers new tie at Cote de Ivoire

[xxnjr] 26/4/2022 21:54

Time will tell thommie. Rahul said he exited the block as his exploration guys told him it was a different play concept to Shell and Total further to the south in the Orange Basin. Meanwhile, not to be out done, Exxon have made a further 3 discoveries in Guyana upping their resources to 11bn barrels.

[thommie] 26/4/2022 19:28

Xxnjr, I feel with you about missed opportunities! But both of us know that this decision was right. Even if tlws ex block did hold a part of this field or equal play types it would have needed many many years to find sth, not even speaking of bringing it to production... Normally there are not many of this lucky farm in options where a major like total gives you a carry for a flight to the sun! I doubt tlw would have gotten one :)

[xxnjr] 26/4/2022 16:41

off-topic - Namibia. Remember the block we relinquished next to Total. Some chatter on Upstream that Venus could potentially be the largest ever offshore deepwater discovery; or kind of over 10bn barrels oil and possibly another 20TCF of gas. Total apparently not saying anything further until appraisal program completed.

[subsurface] 26/4/2022 13:17

About Rabi Light
Rabi Light is a mixture of crudes produced from fields on and offshore Gabon.
Tullow has entitlement to ~20% of Rabi Light production.

Production
Rabi Light was currently producing around 60,000 bopd.

The Cap Lopez terminal
Tullow was able to consolidate its modest existing footprint in the terminal so that now over 90% of its Gabon production is received into this facility.
As a result, Tullow’s participation in Oguendjo blend has ceased and the crude oils are now part of the Mandji and Rabi Light Streams or which Tullow has ~20% of gross Rabi Light production.

[thommie] 26/4/2022 11:28

So another 230 bopd for tullow? :)

[kulvinder] 26/4/2022 08:22

Yes if it breaks 50p, certainly it is a possibility with this one...as nothing surprises me anymore based how much this stock is played about with....

[waldron] 26/4/2022 07:56

subsurface
26 Apr '22 - 08:50 - 57322 of 57322
0 1 0
Gabon, more good news for Tullow none operated 7.5%

Gabon: VAALCO Energy announce successful Avouma 3H-ST development well placed on production.
The initial flow rate of the well was approx. 3,100 gross barrels of oil per day , which was above VAALCO’s internal expectations.

[fizzmiss] 26/4/2022 07:54

Back to the 52p range and suspect they have plans to go back to 45p for a short time, so invest wisely IMHO.