Tullow Oil Share Discussion Threads

[ashkv] 14/9/2022 07:06

Almost double the EV/Barrel as compared to Harbour Energy and nearly 3x the same for SQZ - why would anyone own TLW rather than the many superior risk / reward options available...

[ashkv] 14/9/2022 07:05

Net Debt up from July update - cash for lifting post the HY Results date but not clear if this has gone to cash reserves or been offset against payables / Capex etc

A disappointing set-of results - clearly CNE merger will happen only on further dilution for TLW shareholders...

Brent Price: $92.50
Share Price: 50p
Outstanding Shares: 1,438,524,083
Market Cap GBP: £719,262,042
GBPUSD: 1.14
Market Cap USD: $819,958,727
Net Debt USD (H1 2022): $2,300,000,000
TLW Actual Production H1 2022: 60,900
TLW 2022 Guidance for Production (60-64 kboepd): 62,000
Enterprise Value (USD): $3,119,958,727
EV/BARREL-USD Actual H1 2022: $51,231
EV/BARREL-USD 2022 Guidance: $50,322
Abandonment / Decommissioning Liability: $648,000,000
EV/BARREL (2022 Mid Guidance) with Decommissioning Liability: $60,774

[xxnjr] 14/9/2022 06:40

Anyone remember seeing this in previous years

"Management regularly reviews options for optimising the Group’s capital structure and may purchase outstanding debt securities or repay debt from time to time in open market purchases and/or privately negotiated transactions, and upon such terms and at such prices as it may determine."

although the answer to any such consideration has usually been: No!

[kulvinder] 14/9/2022 06:36

Yes xxnjr, I noticed the same thing debt 2.3B, was it not 2.1B some time ago?

[kulvinder] 14/9/2022 06:34

The RNS;"Tullow expects to host a Capital Markets Day for investors and issue a circular and prospectus in connection with the recommended merger in the fourth quarter, ahead of a shareholder vote, followed by completion of the transaction before the end of the year."Any other company would have only announced such a merger once the circular and prospectus was ready and fully agreed between both parties, but not TLW they like do things differently....to allow the price to be manipulated with an range....

[xxnjr] 14/9/2022 06:14

Net Debt is higher today than 12 months ago!

[mcsean2164] 13/9/2022 22:26

Good grief.

[fizzmiss] 13/9/2022 20:07

I respect your decision; Raul is a man not to be trusted in my opinion, as said time will vindicate or wipe out my humble opinion.


Good Luck, but expect historical kick the can down the road blag from Raul

[kulvinder] 13/9/2022 19:37

Fizz, we will know very soon if it was a wise decision or not as in the past I have held into the RNS based on believed in the dream only to be rolled over on results day, I think my decision was maybe made easier by the fact they have had a big sh*t over the pond with the market down 1200 points as I write.....

[kulvinder] 13/9/2022 17:08

Decided to reduce my position here just before the closing bell, as history on this share has always shown a drop on the day of results...GLA, as can't afford to lose more than the money this crooked market has already managed to take off me over the years.

[franky15] 13/9/2022 14:39

Typically markets taking a dump a day before the results

[fizzmiss] 13/9/2022 14:08

Expect nothing from Raul and you won't be historically disappointed.

[alfiex] 13/9/2022 11:50

No rise in lead up to results, lets hope we don't get the usual drop

[waldron] 13/9/2022 11:21

Group's 2022 Half Year Results scheduled for 14 September 2022.

[kulvinder] 13/9/2022 11:10

Can't even mange to get to 52p....wasted my 3 years here....just hope we don't get our pants ripped off in the morning on announcement of results...

[fizzmiss] 13/9/2022 10:36

Will say it as it is, corrupt share price manipulated dog of a stock!

[florenceorbis] 13/9/2022 09:17

Energy
Tullow engages government on urgent gas sales contract
Source: Daryl Kwawu
13 September 2022 8:21am
Wissam Al-Monthiry

Tullow Oil has begun engagement with the Ghana government on an urgent gas sales contract.

This is because foundation gas volumes which is free gas issued to Ghana from the inception of the Jubilee contract will expire soon.

Based on its current production forecast, Tullow, expects the volume of 200 billion cubic feet of foundation gas to deplete by the end of the year.

But the oil and gas giant has begun engagements with the government of Ghana for an agreement which will ensure there is no interruption in the supply of gas.

No time to waste

“The urgency level is high and it should be our number one priority on all sides of this discussion to ensure that there is an agreement in place”, Al-Monthiry said when he spoke to Joy Business’ Daryl Kwawu.

He explained the agreement will ensure the security of gas supply for power generation and ease the cost burden on the Ghanaian consumer, from an individual perspective, private or public sectors.

Russia’s invasion of Ukraine has affected global gas prices and it has become really important for nations to secure their future sources of power. Meantime, as the momentum for energy transition picks up, gas is considered globally as a transition fuel to help reduce emissions.

Tullow says, based on these factors, its priority is to ensure there is continued support for Ghana through gas volumes delivered.

Tullow’s promise

“Average price of gas in Ghana today is somewhere in $6.5 per million British thermal units, which is actually quite expensive, Wissam Al-Monthiry, Managing Director of Tullow Ghana noted.

Tullow is certain of delivering a minimum of 200,000,000 standard cubic feet of gas a day between now and the end of its license period in 2036 for Jubilee and TEN.

This gas, Al-Monthiry, says will represent by far the lowest cost gas available to the country of Ghana from any alternative sources, domestic or foreign.

“We’re currently engaging. We are working really hard to ensure that we get agreements in place before any of the deadlines….I can’t commit to a timeline because it’s not only in my hands or in our hands, but I will stress the urgency”, he added.

New gas reserves

Tullow Ghana earlier this year confirmed the discovery of a new gas reserve, estimated offshore Cape Three Points in the Western Region.

The non-associated gas reserve is located within the Tweneboa, Enyenra, Ntomme (TEN) and the Jubilee fields.

“So in terms of our view of volumes, we see between Jubilee and TEN, about two trillion cubic feet of gas. Now that’s not proven reserves, those are numbers based on our views and understanding of the reservoirs”, the Tullow boss said.

Tullow says it needs to begin drilling wells on the non-associated side to get those numbers proven.

“But we feel very confident based on what we’ve seen so far, what we need now is an agreement to allow the capital investment to prove up those reserves. That’s why there’s a lot of urgency”, Al-Monthiry concluded.

[kulvinder] 12/9/2022 16:20

Yes you could not make up, just hope for once I did not make a mistake holding till update day....don't think I got the stomach to watch it go back to 40p on results day, like it has done the last few times....like to think that finally the market starts to have confidence and push this to around 80p (my new target was 100p) having waited some 3 years for this to come back.

[badger36] 12/9/2022 13:59

Dublin as an exchange is finished Nothing but Russian money flowing through the SPV The transaction spread is crazy and the data fees is 1970s