Tullow Oil Share Discussion Threads

[xxnjr] 30/7/2022 00:32

Good finds guys. Probably explains some of the recent share price strength. East Africa geographically favourably located to supply India which itself is not exactly short of Refineries to process the crude.



Agree with Thommie that Total may exit. Kenya probably wasn't top of their shopping list. Patrick P already has enough on his plate taking flak from greens on Uganda.

[subsurface] 29/7/2022 22:29

Thanks for your thoughts Thommie

Very happy to see the back of Kenya, or a reduced position,

Capricorn cash gives lots of flexibility to Tullow to reduce debt,invest in Ghana and Guyana and new opportunities.

Tullow still have a Tax issue in Ghana to sort out. then plain Sailing.

[thommie] 29/7/2022 22:14

hTTps://twitter.com/AmbMonicaJuma/status/1552716741360361472?t=yHbJznbEVq6YIUEUNT-F6g&s=19

[thommie] 29/7/2022 22:02

So clearly rahuls influence speaking with indian companies...My guess is new Operator: 70%, tullow 20%, africa oil 10%. Including a full carry to first oil for the AOC and Tullow. At 3,4b to first oil that means carried cost of 680m for a 30% stake in the project. If I think again, that would be only a bit better than uganda to Total where we got 575m, so 62,5%,25%,12,5% might be more realistic in the current oil price environment and 22$\bbl expected cost... That would account to a full carry on 25% or 850m for a 25% stake.And as we know project costs normally tend to rise.... That would be a good deal in my mind. I fully expect a carry model without cash on hand. If they would leave the project completely and get cash on hand the capricorn merger wouldnt have been needed to improve the balance sheet.What do you think?

[subsurface] 29/7/2022 21:48

Lets hope it comes to something positive.


ONGC Videsh, Indian Oil Weigh Stake in $3 Billion Kenya Project

[badger36] 29/7/2022 14:52

We have been speculating that from the time it was £15 and many speculated the CNOC would be a sure buyerThey and nobody else did even at it hit 15p

[urchin1] 29/7/2022 14:19

What's TLW potentially worth if taken over?Thanks in anticipation of any suggestions.

[alfiex] 29/7/2022 14:18

Thanks tedgar I will do the same. Works fine on my samsung but just last couple of weeks ipad freezing.

[tedgar] 29/7/2022 14:12

Yep my iPad has been freezing for about a week don’t use there mobile app use main web site now

[alfiex] 29/7/2022 10:32

Off topic but any help appreciated Has anybody else got problems with advfn site freezing on ipad?

[subsurface] 29/7/2022 10:21

Dated March 2022 report estimates Orinduik Block holds over 8 billion barrels of oil

[subsurface] 29/7/2022 09:36

Orinduik partners to submit drilling commitments by end of third quarter

The analyst discussed, in the release, the two latest discoveries announced by ExxonMobil on Tuesday. Dr. Green said they are on trend with the light oil targets on the southeastern corner.

He said, so far, 22 prospects have been identified at Orinduik, with 11 leads in the upper cretaceous horizon.

[subsurface] 29/7/2022 08:59

Cote d'Ivoire: Eni drills and successfully tests Baleine East-1X well in Block CI-802 in Cote d’Ivoire

The activities in the Baleine Field will continue with the drilling of a third well which will ensure, together with the other two already drilled, the accelerated start-up of production, confirming first oil in the first half of 2023 - about a year and half from Baleine 1X discovery well - and reaffirming the effectiveness of Eni's phased development model and fast track.

[gibbs1] 29/7/2022 08:20

lol

how about the late 40s

[grupo] 28/7/2022 16:41

was that late or early 50s

[kulvinder] 28/7/2022 16:11

Well it felt good to be back in the 50's for about 3 hours, pitty that it not last.

[subsurface] 28/7/2022 12:38

Nothing on Guyana in Repsol webcast and Q/A

[kulvinder] 28/7/2022 10:38

Yes 888 like to 80p, well I can dream.

[xxnjr] 28/7/2022 10:12

BB - LoL!

Patrick P of Total has an interesting perspective on that aspect.




[PP] thinks his critics have oversimplified the energy transition. “The trouble with the whole topic around climate and energy is that the world of energy is a very complex one, with many connecting parts,” he says. “Just look at the way some politicians have only just discovered that the price of electricity is linked to the price of gas in Europe.”

[billy_buffin] 28/7/2022 09:33

xx

Discomforting for Repsol to strike oil under their present green Regime?

[888icb] 28/7/2022 09:05

Currently 50.35 up 3.7%. Let’s hope this current rise continues for some time.

[pollysmate] 28/7/2022 08:08

Heading back over 50 I hope

[xxnjr] 28/7/2022 07:50

Nothing on Guyana in their press release