Tullow Oil Share Discussion Threads

[badger36] 21/10/2022 14:22

On what merits would he deserve any offerThe Capricorn disaster should be enough to have him fired without compensation

[mcsean2164] 21/10/2022 12:57

He might resign if he got a better offer. Seems unlikely....

[badger36] 21/10/2022 10:49

Why would he resign as incompetence is endemic especially when you can reward failure by a nodding BOD

[xxnjr] 21/10/2022 07:08

+682,687 at 37.41p

[fizzmiss] 20/10/2022 20:26

Resign Raul

[mcsean2164] 20/10/2022 17:22

Azvalor
173.325.714 12,045%

[subsurface] 20/10/2022 08:22

Welcome patrick who joined us today, got off with a good start 104 posts already?

[subsurface] 20/10/2022 07:20

Upcoming events
Capital Markets Update from Tullow website

Tullow Oil will host a Capital Markets Update at 09:00-12:00 GMT on Wednesday 7 December 2022.

Presentations will be given by the Tullow management team and will be broadcast live. A link will be provided in due course.

[badger36] 20/10/2022 07:07

Such wisdom aided it to collapse in an oil boom. Wonder if the wisdom extended to making an announcement before it was ever completed Phuthuma Nhleko, Chairman of Tullow Oil Plc, commented today:"Jeremy has been a source of wise counsel to me since I became Chairman of Tullow at the beginning of this year. I also know that my predecessors and our executive leadership have benefitted greatly from his advice, his experience and his expertise over the past nine years, a period in which Tullow has gone through many changes. When Jeremy retires from the Board on 30 November 2022, he does so with our heartfelt thanks and appreciation, and with all best wishes for the future."

[xxnjr] 20/10/2022 06:26

Thx for the clarification SS.

Azvalor added another 660K shares.

And from TLW "The Board is currently undertaking its annual Board evaluation, which is reviewing, among others matters, the size and composition of the Board and its Committees."

..... hopefully some badly needed HQ savings in the offing!

[subsurface] 19/10/2022 23:58

Thanks for all the info XX
The following was posted on LSE


IR Response below.

Q The company is still issuing the disclosure RNS, does this insinuate that the merger is not completely dead out of the water?

A. We have made it clear that we do not intend to increase our offer. However, we remain subject to the principles of the Takeover Code (LINK) and the series of Rules contain therein. The Code will be required to continue until long stop date (1 March 2023) passes or the Capricorn transaction with NewMed completes.

Just a thought
Wondering if Ghana can pay for the Gas?
Tullow have a tax dispute and if it goes against them perhaps they could pay with Gas.

[xxnjr] 19/10/2022 16:05

The "offer" hasn't been withdrawn afaik so these Form 8.3 rns's will continue.

[mcsean2164] 19/10/2022 14:58

Aviva PLC Form 8.3 - TULLOW OIL PLC

23 September 2022 8,398,252
19 September 2022 8,397,190

So Aviva bought 1,062 shares. Anyone know why these are showing up as RNS?

[xxnjr] 19/10/2022 14:39

Another JUB cargo just departed. Production holding up very well. Let's say 87K to 88K over last 100 days. Possibly a smidgeon more. (Results presentation suggested JUB would decline to 81K by year end. So we may outperform that)

TEN new producer EN-21P came on line recently according to IR email. I reckon it may have been round about 7/Oct. Hope it works as last TEN cargo suggested field may be closer to 20K (unless there was some downtime). So 20K + EN-21P = what? Probably won't be another TEN cargo clue before Kosmos report on 7/Nov.

Rig still drilling N'tomme Riser Base-2 (NT-11P). About 30 days so far. Let's hope that one works!

[billy_buffin1] 19/10/2022 14:26

https://www.londonstockexchange.com/news-article/EGY/operational-update-and-q3-22-production-sales/15677775Etame hook up

[fizzmiss] 19/10/2022 14:21

Watch this get dragged down again at close by the sewer rat shorters

[xxnjr] 19/10/2022 09:07

No good asking me mcs as I don't generally read the other threads!
(Unless I'm out and occasionally do a google search "TLW advfn chat" on my phone)

[mcsean2164] 19/10/2022 08:57

here's some pictures again.



36.7p would be a 50% decline between 2020 low and recent high. We tested or broke that support I guess. To be fair given azvalor buys, it's hard for me to understand where we are at but it's possible this is the low to the next leg up or maybe it's a pause before the next leg down to 29.8p. Who knows?

[mcsean2164] 19/10/2022 08:39

xxjnr,

there seems to be multiple tullow threads now. Any idea which is best?

[cumnor] 19/10/2022 08:05

Enq in far better position re debt. Tlw messed up big time with CNE deal.

[fizzmiss] 19/10/2022 07:45

Enquest up at 27 Tlw down at 36p

Something very disturbing is going on here..
Resign Raul!

[badger36] 19/10/2022 07:08

Any insider buys or are they there for the fun. Parasites it seems

[xxnjr] 18/10/2022 21:30

Dunno what Fz is talking about either. But that is because I utilised the filter facility! :)

[mcsean2164] 18/10/2022 20:06

No idea what you are talking about. Are you suggesting Rahul is taking bribes to destroy Tullow?