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TLW Tullow Oil Plc

23.96
1.96 (8.91%)
04 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tullow Oil Plc LSE:TLW London Ordinary Share GB0001500809 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.96 8.91% 23.96 23.76 24.00 24.22 21.00 21.00 16,116,061 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.63B -109.6M -0.0752 -3.17 320.82M
Tullow Oil Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker TLW. The last closing price for Tullow Oil was 22p. Over the last year, Tullow Oil shares have traded in a share price range of 20.00p to 40.32p.

Tullow Oil currently has 1,458,261,760 shares in issue. The market capitalisation of Tullow Oil is £320.82 million. Tullow Oil has a price to earnings ratio (PE ratio) of -3.17.

Tullow Oil Share Discussion Threads

Showing 66876 to 66900 of 69825 messages
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DateSubjectAuthorDiscuss
15/11/2022
09:12
Uganda was a ball and chain for Tullow and Kenya becoming one, just get rid and move on.
alfiex
15/11/2022
09:06
Sometimes (like in uganda) it's better to just leave the place and take whatever you can get for it. If tullow would exit kenya completely and could get a similar amount for it like in uganda I would be very glad. You not only avoid any problems in cost that will come with any project development (I mean higher cost than anticipated) but as well any possible production problems that could occur, paying higher interest rates for the next 4-5 years for the amount of money not paid off the current debt burdon while waiting for first production, problems with the corrupt government which could delay the project even further and any other things that can come with laying pipelines like in uganda...Searching for oil in uganda and kenya was in hindsight nothing else than burning money. It doesnt get better to go on burning your money just because you already lost billions. Sometimes it's better to correct you past mistakes and carry on.The anticipated net debt end of this year is expected to be around 1,9b. If tlw would be able to exit kenya completely and get around 500m$ for it this would shrink to only 1,4b, lowering the anual interest payments over the years by around 60m$! That would lead to additional debt repayments of around 300m because of saved interest rates in the next 5 years when first production of a possible development in kenya might be starting...Just imagine...
thommie
15/11/2022
08:52
TotalEnergies faces rising religious opposition to EACOP project

The pipeline that TotalEnergies and CNOOC plan to build between Uganda and Tanzania is under fire from influential east African and French religious leaders. Their protests have forced the French major to try and justify the project publicly.

10/11/2022
Africa Intel

billy_buffin
15/11/2022
08:28
Dont like the last sentence about favourable terms.Taken from Africa oils results...partners initiated a farmout process for Project Oil Kenya. Advanced discussions are on-going with the interested parties. A successful farmout is viewed by the Company as a critical step towards the FID for Project Oil Kenya being achieved over the course of the next year. There is no guarantee that the Company can successfully conclude a farmout to new strategic partner(s) on favorable terms.
alfiex
13/11/2022
21:21
Posted Adieuk32 on the LSE BB;Adieuk32Posts: 1,906Price: 48.66Strong BuyHISTORIC ~~~~BOPD ~~~ DEBT ~~~POO ~~~ MARKET CAPToday 19:462015. 73,400BOPD. Debt $4Billion. share price £3.50 POO $37 Market Cap 5 Billion2016. 71,700BOPD. Debt $4.8Billion. share price £1.60 POO $56 Market Cap 2.5 Billion2017. 94,700BOPD. Debt $3.5Billion share price £2.60 POO $66 Market Cap 3.5 Billion2018. 90,000BOPD. Debt $3.1Billion share price £2.30 POO $54 Market Cap 3 Billion2019. 86,700BOPD. Debt $2.8Billion share price £2.00 POO $67 Market Cap 2.5 Billion2020. 74,900BOPD. Debt $2.4Billion share price £0.60p POO $50 Market Cap 800 Million2021. 59,200BOPD. Debt $2.1Billion share price £0.30p POO $77 Market Cap 400 Million2022. 63,000BOPD. Debt$1.9Billion share price £0.48p POO $95 Market Cap 700 MillionStill think we are fairly priced??Way undervalued, lets see what the next few weeks bring.GL ALL
kulvinder
11/11/2022
04:06
Africa Oil reports Monday After close, and CC is on Tuesday morning at 9 Eastern time(2PM gmt). They normally don't say much about Kenya, but they may give slightly more color than Rahul.
buhdonkatonk
10/11/2022
18:07
Ah! thanks bootycall. Well spotted. And there's a trading update next wed 16th/Nov.
xxnjr
10/11/2022
14:36
@xxnjr its the 7th December.

The CC for Kosmos clearly stated that the two strategic wells drilled were attempting to define the aerial extent of potentially “new reserves” not the reserves booked to date. I would not jump to conclusions in advance of the CMD. It might be fair to describe the last two wells as disappointing at those precise locations relative to pre drill expectations…but not to opine on how production will ramp up on for the rest of the acreage. If you look at the drilling history of the TEN field you will see that there is a stratigraphic play. Past wells encountering thin sands have subsequently deviated into sections of up to 600 metres of pay. It is important that Tullow grade prospects according to their return on capital…if Rahul cannot describe his plans coherently after over two and a half years at the helm…he should be sacked as CEO. I think he is good at sweating production assets but,IMO,he is poor at providing proper production guidance to markets. He simply does not have the luxury of sitting back…his failure to communicate has allowed bond investors to misconstrue forward free cash flow resulting in mispriced redemption yields on our debt. We are a sitting target for a takeover. Perception will change completely if they close a proper deal with a Kenya farminee. Booty

bootycall
08/11/2022
14:30
mcs - possibly is reason for today's decline.

Another Q was along the lines of; given the N'tomme riser wells seem to be at lower end of expectations where do we go from here on Greater N'tomme? I may have to listen again but the answer was kind of like; well we chose to not put those wells on production but results were useful in calibrating seismic but we are in dialog with the operator regarding some sort of potential tweneboa/N'tomme development that will comprise both gas and oil and compete for capital with our other FID's. Somebody else as a follow on then asked the Q above in 58189.

My takeaway FWIW is the T and N bits of TEN aren't quite as promising as Tullow were suggesting earlier in the year. Drill bit always the final arbiter. I guess it means TEN is more of a plodder, not an exciting growth project. But we need to hear this (or a more positive message) from the operator (Tullow). Last year there was a trading update on 17/Nov.....

Has the Capital Markets Day been canned? Haven't a clue!

xxnjr
08/11/2022
13:57
Is that the reason for the decline today?
mcsean2164
07/11/2022
23:51
One Q to Kosmos was along the lines of; How much of the 50% production growth KOS are forecasting over the next few years is down to Ghana Gas (as opposed to Jubilee South East and Mauritania-Senegal gas)? The answer was not much.
xxnjr
07/11/2022
19:24
The conference call didn't really give any new information on Ghana.
buhdonkatonk
07/11/2022
08:00
oooops! my normally reliable spreadsheet had a prediction error on TEN. Apologies. Jubilee came in as expected. Sounds like EN-21P already disappointing and 2nd riser well a dud. TEN upside not as good as they thought "optimize the future drilling plans for TEN, with a focus on proven accumulations and areas with existing well control"?

edit. Have now had 2 cups of tea and about 70% awake. The 22.2K bopd was Q3 average. What they haven't told us is the initial and 'choked back' production rates for the new well. TEN cargo intervals have been getting a bit erratic recently (40, 44, 40, 48, 45 and then 31, 52, 26 days) which makes interpretation less reliable.

xxnjr
07/11/2022
07:03
GhanaProduction in Ghana averaged approximately 36,900 barrels of oil per day (bopd) net in the third quarter of 2022. Kosmos lifted three cargos from Ghana during the quarter, in line with guidance.At Jubilee, production averaged approximately 88,900 bopd gross during the quarter. At TEN, production averaged approximately 22,200 bopd gross for the third quarter.At the beginning of the third quarter, the handover of the Jubilee FPSO operations and maintenance from MODEC took place. Since the transition, operating performance has continued to be strong with no reportable safety incidents and facility uptime of over 98%. In addition, several potential future cost savings have been identified, primarily through direct contracting, optimizing work scope and competitive re-tendering.The Jubilee Southeast development continues to progress and is now over 50% complete. Drilling of the first well has commenced ahead of schedule with all three wells expected to be drilled by early 2023. Completion of the wells is planned for the first half of 2023, with initial production expected around mid-2023. The partnership expects the new wells to increase gross production in the field to approximately 100,000 bopd.At TEN, an Enyenra producer well (EN-21) was drilled and came online around the end of the quarter and has now been choked back, awaiting pressure support from the nearby water injection well.Post quarter-end, the partnership drilled the second of the two riser base wells (NT-11) to define the extent of the Ntomme reservoir supporting further development of the TEN fields. The well encountered approximately 5 meters of net oil pay with poorer than expected reservoir quality. The partnership will continue to evaluate the full results of the two wells to high-grade and optimize the future drilling plans for TEN, with a focus on proven accumulations and areas with existing well control.
buhdonkatonk
07/11/2022
02:44
Methinks it's just EN-21P. Production was about 30K before latest well which looks to be another step out to the north. Enyenra is generally well understood. N'tomme is the head scratcher. Will learn tomorrow if NT Riser Base-2 was any good. If yes, won't be on production yet thommie, as sub-sea infrastructure isn't in place until mid 2023?
xxnjr
06/11/2022
22:19
That would be big news, as tlws share of that possible 100%jump in production at TEN is over 50%... Did they finally understand the complexity of enyenra? Or is it enyenra plus a producing strategic ntomme well?
thommie
06/11/2022
12:20
Tanker just left TEN. Production seemingly has jumped to the 37.5k to 40K bopd range.
Possibly a tad higher.

xxnjr
05/11/2022
22:45
This on lse

the half year results.....



"Since 1 Jan 2022, there have been ongoing discussions with Government of Kenya on the approval of FDP and securing government deliverables. The FDP is currently under review with Government of Kenya with review period extended to 6 November 2022."
Might be some news on this soon?

mcsean2164
05/11/2022
16:31
There will be good news on TEN EN-21P!!!
xxnjr
05/11/2022
10:57
Kosmos next report on Monday 7th November.
subsurface
05/11/2022
09:45
No worries SS. Just to clarify everyone my "average $96/cargo" above refers to the prevailing oil price when cargoes actually shipped not the post-hedging realised price which will be lower. But all good as TLW forecasting $200m FCF at oil price $95! Next year, as you imply SS, should get better as there should be less interest as debt $200m lower and from mid-year a lower percentage of production will be hedged.
xxnjr
05/11/2022
03:12
Thanks XX

OPEC said the production cuts would take effect in November so we are on track looking to mid 2023 as a good guide on the Tullow master plan.

subsurface
04/11/2022
16:49
Thank goodness! OP back to $98. If it stays above $95 debt should come down by c.$200m at year end. So far, based on cargo shipping dates, I reckon Jubilee has averaged $96/cargo in 2H to date. But, since Ghana.gov haven't updated their website, I cannot say what the ave price of TLW cargo's was (as approx 1 of 3, sometimes 1 of 2 jubilee cargoes is all Tullow). If you see what I mean.
xxnjr
04/11/2022
16:31
That was fast! Was a difference a week without CNE makes 😅
mcsean2164
02/11/2022
23:49
NewMed Energy share price seems to be suffering now too....
mcsean2164
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