Tullow Oil Share Discussion Threads

[alfiex] 23/6/2022 12:03

Lagging behind again. What will it take to get this moving?

[subsurface] 22/6/2022 21:58

JP Morgan says combination of Tullow and Capricorn can add scale and unlock growth
Wed, 22nd Jun 2022
Analysts at JP Morgan resumed their coverage of shares of Tullow Oil at 'overweight' following a period of 'restriction' after the announcement of the outfit's merger with Capricorn.

In particular, they stressed that the combination of the two companies would be strategically beneficial in so far as it would add scale in terms of both production and reserves while strengthening its balance sheet.

The deal structure would also make it accretive to Tullow's net asset value, they said.

Indeed, Capricorn's "significant" weighting to cash and Tullow's share price together meant that at 50.0p per Tullow share, the latter would be paying only 56 US cents per each US dollar on the former's balance sheet.

Capricorn on the other hand would address its lack of cash flow and material growth options of its portfolio with its shareholders being able to tap roughly 400m barrels of net oil equivalent resources on a 2P/2C basis.

In turn, Capricorn's cash was key to unlocking Tullow's contingent resource potential, including for de-risking Kenya which could be worth 30-40p per share post dilution.

JP Morgan raised its target price for Tullow to 82.0p per share while leaving that on Capricorn at 243.0p.

Its recommendation for Capricorn's shares was reinstated at 'neutral'.

[mcsean2164] 22/6/2022 13:02

Am at a loss to understand share price.

[subsurface] 21/6/2022 22:22

APA-Total JV makes oil discovery off Suriname coast

june 21 APA Corp said on Tuesday its joint venture with France’s Total Energies SE has made an oil discovery at an exploration well off the coast of Suriname.

APA has a 50% working interest in the block where the oil discovery was made, with Total Energies the operator and the holder of the remaining stake.

The discovery is close to a massive oil field found by an Exxon Mobil Corp led consortium in Guyana, that was estimated to hold nearly 11 billion barrels of oil equivalent.

The APA-Total joint-venture is at present drilling the Dikkop exploration well in the center of Block 58. (Reporting by Rithika Krishna in Bengaluru; Editing by Shounak Dasgupta)

[subsurface] 21/6/2022 12:54

The founding guy behind TemaLNG used to work for Tullow! Welll spotted XX I am trying to Link Samual and Phuthuma Nhleko our new Chairman to see what the master plan could be, and also looking at what new Gas users are being developed









Ghana minister oversees first $60bn petroleum hub meeting


Sorry for posting so much !

[xxnjr] 21/6/2022 09:25

The founding guy behind TemaLNG used to work for Tullow!

Google: Kwaku Boakye-Adjei

and view the LNG TV video on You Tube
"The Man Behind Sub Saharan Africa's First Import Terminal"

[subsurface] 21/6/2022 03:47

Lots of fingers in the pie over the years XX I would imagine Shell Load LNG in Bonny Nigeria and then on to Ghana Circa 8 loads a year i remember reading



This report hits the nail on the head! from October 2021

Change from Take or pay to take and pay!!

SEE what are the next steps in the link?





Also Freeport update re start end 2022

[xxnjr] 20/6/2022 13:56

SS your Ox Energy report on Ghana LNG was a good read. I'm trying to get my head around their Tema LNG facilties. Found the plant on google maps. Must be built then. Not much on Marine Traffic though. And the FSU supposedly in TEMA is actually in India on another LNG import project. TEMA LNG backed by more of your Pr Equity friends

[...] Sorry. Must be very secretive concern as that link for Helios Investment Partners doesn't work.

[subsurface] 20/6/2022 12:14

LNG Suppliers Struggle to Satisfy Demand.

[misca2] 20/6/2022 08:58

on behalf of one of their clients no doubt

[xxnjr] 20/6/2022 08:53

Morgan Stanley with $1222bn of assets have just bought and sold 2644 TLW shares at the same price. Makes you wonder why they bother.

[xxnjr] 20/6/2022 08:26

Mr Samuel whatever his name is now has 254m shares, or 17.7%
Up from 13.07% as per Annual Report.

[heialex1] 19/6/2022 22:23

I heard that west African oil is selling at a premium to Brent because it is substituting oil of similar grade. Give this 6-12 months and things will be noticeably better.On top of which, the Cairn /Capricorn merger / takeover looks shrewd

[subsurface] 18/6/2022 08:06

July report 2021 lots of info here on Gas!





It was reported recently that
Tullow and its Partners have submitted a 10-year firm gas supply proposal to deliver over 500
bcf of “low cost and reliable gas to Ghana for the long term”. If the 500 bcf is over 10 years
then this is 135 mmscfd, which is well above current Jubilee production levels. Increasing
domestic production from the existing facilities is not the same in terms of investment
requirements as developing new fields. Some concern has been expressed that the IEA’s Net
Zero Pathway, by suggesting that no new investment in oil and gas facilities is required if their
suggested pathway is to be achieved, may put off investors in African oil and gas developments.
However, this would not be likely to impact the expansion of the existing production facilities.

[badger36] 17/6/2022 15:05

Incredible Huge AH yesterday and loads of reports of major interest and yes they shaft retail each end of trading

[kulvinder] 17/6/2022 15:02

I assume the triple witching hour has started??..

[subsurface] 17/6/2022 13:44

Great! Thanks for your input much appreciated.

Guyana News

Guyana: Frontera to focus on exploration opportunities in the Corentyne block offshore Guyana

Frontera has, in principle, reached an agreement with the Government to allow for the relinquishment of the Demerara block through a mutual termination agreement

[xxnjr] 17/6/2022 13:29

Yeah bit obscure on the gas SS.

Meanwhile the rig has moved again. Can't be 100% certain as yet but guessing it maybe the green dot 3.7kms SE of TEN FPSO; which is exactly where the 2 strategic N'tomme wells will be drilled.

[subsurface] 17/6/2022 13:04

XX
This gas situation looks like a Snafu or a jigsaw with a piece missing.
oh Africa!