Tullow Oil Share Discussion Threads

[waldron] 13/6/2022 14:52

aye KUL



WEAK SUPPORT CERTAINLY BROKEN AT 53.5op

strong support at 50.45p

[waldron] 13/6/2022 14:51

WEAK SUPPORT CERTAINLY BROKEN AT 53.5op

strong support at 50.45p

[kulvinder] 13/6/2022 14:46

I am afraid the 53p hard support has been broken, so where will they try to take this now?

[fizzmiss] 13/6/2022 14:33

Absolute disgrace how the MM can reduce this at will for no reason, corrupt as u like, and a fine example why the FSA should be disbanded.

[xxnjr] 13/6/2022 14:18

Very true. Oil at $120/bbl suggests we need more of it than the market can easily supply.

[waldron] 13/6/2022 14:13

COAL,OIL AND GAS

BETTER TO HAVE IT AND NOT NEED IT THAN TO NEED IT AND NOT HAVE IT

[xxnjr] 13/6/2022 12:44

Billy thx for that. Well LGIM would say that wouldn't they, as their objective is to get better terms given their limited, or zero, shares in Tullow and a 3.91% (last time I looked) stake in CNE.

The green washing argument LGIM advocate is a little simplistic. I mean, come on, onshore Egypt routinely flares massive amounts of associated gas like much of MENA. Power generation in field onshore Egypt is diesel, not gas. OTOH a new GSA in Ghana will transition the rural population away from cutting down trees or burning Kerosene, dung and whatever else they use for cooking.

The world still needs oil. Better to have it produced by responsible operators with ESG credentials/objectives, which Tullow clearly have under Rahul.

Incidentally all those Tesla's in China and Germany run on electricity a sizeable chunk of which is generated from coal!

[xxnjr] 13/6/2022 12:17

Joining up the dots. Another TEN cargo shipped 8 days ago suggesting May production has been weaker than of late. Probably closer to 20K rather than the 24K to 25K in recent months. As previously mentioned the rig has moved over to TEN. Was on Enyenra(S) for about 3 wks. Rig now in a new position about 5.6kms due Nth of the FPSO, which afaics is kind of on the edge of the Tweneboa Non-associated gas discovery. And a little outboard of Enyenra(N) as mapped. Neither of these locations are near the 2 N'tomme "strategic" wells to be drilled later in the year. I'll leave it to you guys to work out what it all means with the help of map on p.70 of


JUB had another offload over this weekend. Suggests 95K as a rough pointer. Which is great.

[badger36] 13/6/2022 11:21

Guess we will have pseudo longs now effectively dishing the deal when in reality they have a short agendaReduce debt and expansion of exploration opportunities I would have though. Even a monkey can see that

[billy_buffin] 13/6/2022 11:07

Investor LGIM airs doubts over £1.4bn tie-up of Capricorn Energy and Tullow Oil
There is ‘no clear strategic rationale’ for deal, says top 10 shareholder

The UK’s biggest asset manager has warned it has “strong reservations” about Capricorn Energy’s proposed £1.4bn tie-up with its London-listed rival Tullow Oil, claiming there is “no clear strategic rationale” for the combination

[fizzmiss] 13/6/2022 06:10

hxxps://goodnewsl.com/markets/investor-lgim-airs-doubts-over-1-4bn-tie-up-of-capricorn-energy-and-tullow-oil/

Utter Rollox, I wonder why LGIM never mentioned how the TLW share price has been manipulated lower for the last 2 years to enable CNE get our assets on the cheap.

Crooked as you like, and makes you wonder if they were part of the share price manipulation scam!

[subsurface] 12/6/2022 11:04

10-Jun-22 16:36:01 54.99807 266,286 Buy* 54.75 55.05 146.45k O
10-Jun-22 16:35:50 55.33102 500,000 Buy* 54.75 55.05 276.66k O
10-Jun-22 16:35:28 55.05 1,105,553 Buy* 54.90 55.05 608.61k UT


looks like Two large buys at the UT close

[xxnjr] 11/6/2022 14:34

Presume they are drilling a new producer on Enyenra now (unless it's a workover perhaps?) The next 3 or 4 wells on TEN are crucial I feel as decline at our TEN w/int% has largely offset the fantastic gains won on Jubilee.

[subsurface] 11/6/2022 13:18

Thanks so much XX for the link.

Good to hear the Rig may be on Ten having all that spare production capacity its such a waste Ten FPSO can produce 80,000bbls/d I guess they will have to lay additional subsurface pipework for new targets hence 2025.

[xxnjr] 11/6/2022 10:50

SS & others,

Think a while ago you asked about the AGM video link. If haven't seen it yet like me, it's here





Mainly aged and disaffected shareholders in the Q&A who made some good points regarding past sins from McDade era. Rahul however comes over very well. He touched on drilling costs per well which have come down from $75m to $52m and from what I'm seeing there may have been further improvement this year in time to drill a well.

Incidentally (it wasn't mentioned in the AGM) but I'm now 100% sure that Cyan green dot on Enyenra is the rig. i.e

Rig moved from Jubilee to TEN approx 22/May or a tad before.

[franky15] 10/6/2022 19:41

Good resilience from tullow today when the markets were down

[silverstone1] 10/6/2022 16:05

I AGREE TLW 100 AND RR 200 VIETNAMESE DONG!😂

[kulvinder] 10/6/2022 15:53

Badger, for me the whole investing experience in the last 25-30 years has not been a good one with the highs of winning and only to lose it again, over the years ended up losing a lot of money with trying to chase money lost in companies that had corrupt owners, cheating you out of your shares by doing consolidations, change in company name, reverse take overs etc scams... This is my final go with TLW and RR as having had to work longer then I thought I don't need the amount of money when I was hoping to retire at the age of 50 to 55 years old, if this gets to 100 and RR 200, I will pack this game in, and hopefully pack my job in by end 2023 at the grand old age of 63...GL and a nice weekend.

[silverstone1] 10/6/2022 15:45

HELLO TLW SCUM!😂

[badger36] 10/6/2022 15:18

I sold at 8 and was sick when it went to 16Nearly felt I got scammed I bought them at 14p can you believe At the present price I'm in profit given I bought at 1.45 but a lot back in the teens to lower my average Given that 90% of all jobs and contracts in India involve graft mayor Rahul is well placed to oil the necessary wheels with the Tim pot dictators.Given the markets are collapsing it's time to pull up the sheets and wallow

[fizzmiss] 10/6/2022 15:16

Here we go again, mugged all day then more so at close.
What are the inept FSA doing about the blatant share price manipulation???????????

[kulvinder] 10/6/2022 14:14

Just imagine if one had bought at £16. Must a few soiled pants around...

[janhar] 10/6/2022 14:07

Weird that Tullow is bucking the trend for a change!