Tullow Oil Share Discussion Threads

[xxnjr] 21/7/2022 07:52

Just to be clear Alfiex, "stuff" being offloaded at end of drills is normal. Irrespective of well result. Mechanical stuff and waste. Drilling operations create a lot of waste. This has to be disposed of in an appropriate manner.


Date for the diary:
"Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its second quarter 2022 results: Earnings Release: Monday, August 8, 2022

[subsurface] 20/7/2022 22:46

Fizz XX is a long standing poster here and very well respected!

[fizzmiss] 20/7/2022 19:12

Oh for Pete,s sake DON'T ENCOURAGE BORIN XXN to talk about tugboats.

If you have a sleeping issue, tune in, lol..

All you need to do is look at the share price performance, it reflects Rauls performance and what he has done for shareholders since he rode into town;


ERRRRRRRRRRRRRRRRRRRRR NOTHHHHHHHHHINGGGGGGGGG!

Resign Raul your actions are TOXIC for the company!

[alfiex] 20/7/2022 17:25

Thanks xxnjr lets hope you are right, we need some good news to get the share price moving. Fingers crossed

[alfiex] 20/7/2022 17:23

Thanks xxnjr lets hope you are right, we could do with some good news to kick start the share price fingers crossed

[xxnjr] 20/7/2022 16:05

Or 50 days ago.

Haven't really been following so starting from scratch again Alfiex.

"MODU Noble Regina Allen will be engaged in drilling activities which will conclude on July 15, 2022."

But we know previous wells in a similar setting in Guyana have tended to overrun. At the moment there are 3 anonymous cyan blobs at the drill site; presumably the rig plus 2 support vessels.

Just checked Georgetown (GY) Port data

3 supply ships involved; One in port arrived from Rig this morning, other 2 departed for rig on 17/7 and 19/7. Let's see if the toing and froing continues.

[a high level of movements might suggest stuff being offloaded at end of drill]

[subsurface] 20/7/2022 11:56

Alfiex

Guyana drill
late start actually spud 31st May

[alfiex] 20/7/2022 10:47

Hi xxnjr if you get chance could you look at your shipping charts to see if any activity as drilling supposed to be finished by July 15th TIA.hTTps://guyanatimesgy.com/repsol-starts-drilling-new-well-in-kanuku-block-offshore-guyana/

[xxnjr] 19/7/2022 16:27

Hello don't shoot the messenger. A few thoughts

Maybe we've been kept in the dark because there is nothing to say?

And the light oil to the aid of heavy oil could just be snake oil? Take a look at the Tambaredjo heavy oil development onshore Suriname and in the same basin as Orinduik.

1996 Staatsolie commenced drilling first Tambaredjo production wells.

2007 1000th Tambaredjo well put on production.

Peak production of field was approximately 14,000 bopd in 2008.

Ave well output was therefore 14 bopd at the peak. Or 28 bopd IF say half are non-productive, or water injectors.

Yes I know there are some heavy offshore oilfields in Brasil and other places that work but if the oil mobility is anything like onshore Suriname then it's just not going to happen. May explain apparent lack of interest in farming into acreage.

Fingers crossed with Beebei-1 though!

[subsurface] 19/7/2022 14:14

Welcome Alfiex, agree with your info comment,at times I feel over the years we have been treated like mushrooms.
Don,t even know if we have a farm in partner.but that could come later for possible development.

[alfiex] 19/7/2022 13:56

He mentions the beebei-1 repsol/tullow and said 2-3 weeks that was dated 30/06 so cant be long for results now. Also if light oil found in cretaceous then may make 1bn barrels of the heavy oil commercially viable.A good listen and more info than we ever get from Tullow.Thanks subsurface

[subsurface] 19/7/2022 13:07

Guyana, report dated 30th June 22

Gil from ECO Atlantic audio interview gives update circa 8 minutes into the presentation
Q4

What are plans offshore Guyana for 2022/23 given it is near 3 years now since the “heavy oil” announcement? Why is it not profitable to develop and pump given current oil prices?

[subsurface] 19/7/2022 08:31

yes off you trot!

Guyana

Beebei-1 exploration well was spud 50 days ago today, looking at two zones and for good quality Oil,

I think very important for Tullow and future plans in Guyana

[xxnjr] 18/7/2022 15:04

Blackhorse2318 Jul '22 - 14:18 - 57740 of 57740 (Filtered)

Kindly move on now. This is for discussion of TLW :)

[blackhorse23] 18/7/2022 13:18

Best oil stocks ENQ I think , low mcap despite of huge ( billions pounds ) revenues

[xxnjr] 16/7/2022 16:22

It is only "The West" loosely speaking that has[in part]sanctioned Russian oil. Countries like, let's say India, are now importing a lot more Russian Crude at discounted prices reducing their requirement for non-Russian oil. Non-Russian oil that was going to India is diverted to "The West" to keep the lights on there.

Result: Russia able to part evade sanctions with swapped cargoes. Countries like India, or China and many other states, pay a lot less now for Russian oil than they would otherwise have done for OPEC crude. Lots of middle-men all over the globe make vast fortunes. "Western" politicians can claim to hold the moral high ground. Meanwhile cash keeps flowing into Russia. Both the West and Russia maybe heading for recession.

[alfiex] 16/7/2022 15:25

Saudi buying oil from Russia wtfhTTps://www.euractiv.com/section/global-europe/news/saudi-arabia-doubles-discounted-russian-fuel-oil-imports/

[xxnjr] 16/7/2022 11:28

Revenue quite close.
2021 yr ENQ: $1,266m TLW $1,273m

What is ENQ production guidance for 2022 yr?

ENQ RNS 23/5/22 says "2022 average net Group production is expected to be between 44,000 Boepd and 51,000 Boepd....." Does this still stand?

TLW 2022 guidance just re-iterated at 59,000 Boepd to 65,000 Boepd.

TLW revenues will additionally benefit from lower hedging in about 6 months.

[blackhorse23] 15/7/2022 23:30

ENQ more revenues than tullow but less mcap , oversold stocks , also ENQ directors are buying heavy which is a good signal..

[xxnjr] 15/7/2022 14:55

“Disclosure requirements of the Takeover Code (the “Code”)

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person’s interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.


Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person’s interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing."

[mcsean2164] 15/7/2022 14:42

Probably a stupid question. Does anyone know why we are getting a daily stream of form 8.3?

[badger60] 15/7/2022 12:02

ThommieI think that Capricorn and Deltic would be an excellent fit. They already have 5 farm outs for NSG with Deltic and Capricorn cash would speed up drilling exponentially. As it stands Shell is drilling Deltic's Pensacola asset in Sept. with the potential of 309bcf - 1 trillion bcf.Historically Tullow has been a badly managed and heavily indebted company which is more than highlighted in the share price

[badger36] 15/7/2022 07:10

Guess we won't see a concomitant reduction in pay and bonuses for our useless and clueless team Paid off the last gang that destroyed the company and left nothing but debt