Tullow Oil Share Discussion Threads

[badger36] 06/7/2022 11:25

What happened to the reports of a gas find?Surely it was not kite flying to let those in the know out the door before this collapse As we approach the 30s the MS 80p looks like another GS pump How can such ineptitude be rampant amongst such august brethren

[waldron] 06/7/2022 06:06

Offshore staff

LONDON — Tullow Energy has appointed Petrofac to provide operations services for the deepwater Jubilee oil and gas field development offshore Ghana.

Petrofac’s responsibilities will cover provision of operations, maintenance and technical support for the FPSO Kwame Nkrumah.

The two companies are already collaborating on decommissioning of seven wells offshore Mauritania at Tullow’s Banda and Tiof fields.

Elsewhere in the region, Petrofac is performing offshore operations services for bp’s Greater Tortue Ahmeyim project, which includes an FPSO, off Mauritania and Senegal.

07.05.2022

[xxnjr] 05/7/2022 18:14

Well TLW has outperformed Oil and BigOil today!

Brent -10.4%
Shell -8.5%
Bp -7%
TLW -6.9%

Basically everything down. Not much to do with Rahul.

[fizzmiss] 05/7/2022 18:13

Told ya from day one. Everything Raul has done has been toxic for the share price and investors. No bloody wonder he has disappeared from view, the lazy slimy toad.

Utter disgrace how corrupt this is without the FSA stepping in to investigate this poncy stock.

Saying the reason is that the whole market has fallen is false; TLW never went up with the market or with the mega oil price rise.

TLW was worth over 50p with oil at $60, so go figure what's going on here.

Told ya, Raul was brought in for one thing only, and it ain't good IMHO!

[kulvinder] 05/7/2022 17:13

Maybe tomorrow we back at the year low? The market is in freefall, everything got hammered. Too much bad news, ww3, recession, pound falling against the dollar. Lets hope buyers return in the morning looking for cheap stocks to stop the rot in the market.

[badger36] 05/7/2022 15:28

Capricorn up 38 percent and Tullow off by 32 since start of the yearWhat type of fools have we

[blackhorse23] 05/7/2022 15:27

LSE: ENQ looks attractive oil stocks, lower mcap 380 million but revenue streaming 2 billion, production & revenue growth extraordinary

[waldron] 05/7/2022 15:24

AYE Anothe down day

Bp
376.35 -6.25%



Shell
2,053 -6.81%


TotalEnergies
49.515 -5.56%

Eni
10.936 -4.89%

[mcsean2164] 05/7/2022 15:10

Just when you think it can't go any lower.

How hard is it to run a company at over $100 oil?

Starting to have serious doubt about Rahaul. Whose idea was the merger anyway.....

[subsurface] 05/7/2022 10:20

26th January 2022 Tullow trading statement

As part of a longer-term operational transformation plan, Tullow, supported by its Joint Venture (JV) Partners, has taken the
decision to self-operate the Jubilee FPSO and will take over all operations and maintenance (O&M) from MODEC when the
current O&M contract comes to a scheduled end in 2022. This presents an opportunity to realise further efficiency
improvements whilst sustaining top quartile production operating performance in terms of safety, emissions, reliability, costs
and local content.

change of plan? and company with a checkered history


Ghana: Petrofac continues growth in Africa with Tullow’s Jubilee award

Petrofac’s role on the Jubilee Development in Ghana – one of the largest oil fields discovered offshore West Africa in 20 years – includes the provision of operations, maintenance and technical support services for Tullow Oil’s Kwame Nkrumah (KNK) Floating Production Storage and Offloading (FPSO) vessel.

[the grumpy old men] 05/7/2022 07:17

Tullow Oil will publish a trading statement on July 13.

[the grumpy old men] 05/7/2022 07:04

TotalEnergies and CNOOC finally see funds flowing for East Africa pipeline
European investors have never warmed to the Uganda-Tanzania oil pipeline project, but South African Standard Bank is signing on.





In April 2020, Tullow Oil Plc sold its "entire interests in Uganda's Lake Albert development project, including the East African Crude Oil Pipeline", to Total S.A., for a consideration of US$575 million.

Total will assume all tax liabilities related to the transaction.

[subsurface] 04/7/2022 13:25

Thanks for posting Waldron Just for interest

This is a link to show Capricorn top share holders as per 10th June

[waldron] 04/7/2022 12:18

ENERGYVOICE



Capricorn boss defends Tullow merger plans

Capricorn Energy head Simon Thomson has defended the company’s merger with Tullow Oil in an interview with the Sunday Times.

By Ed Reed
04/07/2022, 9:13 am


Capricorn Energy head Simon Thomson has defended the company’s merger with Tullow Oil in an interview with the Sunday Times.

“This merger offers scale, co-ordination with our respective operations in Africa, potential growth and returns for our investors,” Thomson said. “There was no other deal that would give us focus and scale like this.”

A number of observers have expressed some reservations about the deal, saying the deal favours Tullow. Capricorn has a substantial cash pile, which will be welcomed by indebted Tullow.

In particular, Legal & General Investment Management (LGIM) expressed concerns on the merger. “In our capacity as a responsible investor, we have strong reservations about the proposed transaction,” LGIM said in a mid-June note.

It went on to say the deal would “increase the probability of the combined entity growing oil production”, potentially in higher cost basins. “We do not believe there are material synergies between the two companies, their strategies or their business models,” LGIM said.

LGIM is sceptical about the future of oil production, which is Tullow’s primary focus. Capricorn’s production, on the other hand, is around 85% gas.

The investor has a stake of just under 4% in Capricorn and around 1.7% in Tullow.

Thomson told the Sunday Times that the merger was a “good energy transition story”. Demand for oil and gas is likely to “remain for many years”, he said, noting the companies’ “excellent reputation for working to high regulatory and environmental standards”.

The companies have said they believe the merger will save around $50 million per year through synergies.

Tullow shareholders will have 53% of the combined vote and Capricorn 47%.

[badger36] 04/7/2022 11:22

You know you may be correct. If you said that six months ago with oil over ton you'd be laughing all the way to the loony bin. Now the loonies are the ones presiding over a cavalcade of missteps. Even an opportunity like this has proven too much for these clowns to take advantage of Embarrassing if not so serious for investors

[drycod] 04/7/2022 10:25

37p is a good entry point, imho

[watfordhornet] 02/7/2022 10:56

Nope - sold out but thinking of getting back in.I would definitely stay out if I felt like you about the management and company hence why intrigued whether you have shares or not

[fizzmiss] 02/7/2022 10:46

Why do you?

[watfordhornet] 01/7/2022 21:45

FizzDo you still hold shares?