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TLW Tullow Oil Plc

21.58
-2.38 (-9.93%)
Last Updated: 08:18:32
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
  -2.38 -9.93% 21.58 21.38 21.60 22.82 21.22 22.82 1,500,476 08:18:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.63B -109.6M -0.0752 -3.19 349.4M
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 23.96p. 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 £349.40 million. Tullow Oil has a price to earnings ratio (PE ratio) of -3.19.

Tullow Oil Share Discussion Threads

Showing 66926 to 66946 of 69850 messages
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DateSubjectAuthorDiscuss
21/11/2022
09:50
Fully agree, another jinx from Rahul
lyreco1
21/11/2022
09:41
Not sure about the $95 average for q4....
mcsean2164
21/11/2022
08:29
Switching some investment to MCL (LSE) for safe side lol
blackhorse23
19/11/2022
10:48
Jamie Ashcroft

08:44 Wed 16 Nov 2022




Tullow Oil says it has delivered on ops and financial targets for 2022

Production being in-line and cuts to some spending plans see Tullow strengthening its balance sheet



Tullow Oil PLC (LSE:TLW) told investors it has delivered on its operating and financial targets in the first 10 months of 2022, as it narrowed guidance for the full year to between 61,000 and 62,000 barrels of oil per day (from 60,000 to 64,000).

“Our producing assets continue to perform well, in line with expectations,” chief executive Rahul Dhir said in a statement.

“We continue to strengthen our balance sheet, with free cash flow guidance for 2022 increased to US$250mln and gearing on track to be less than 1.5 times by the end of the year."

Deferral of certain work programmes see capex and decommission spend reduce to US$360mln and US$80mln for the year, the company noted.

Around half of Tullow’s output comes from the Jubilee field, offshore Ghana, and the company said it intends to add two new production wells at the project before the end of 2022 before a further two are drilled in early 2023 – with all four expected online by the end of H1 2023.

A new well at the TEN field, also offshore Ghana, was brought onstream in 2022 though the results disappointed and the production data continues to be evaluated to optimise future plans.

In Kenya, the company is currently seeking an extension for the review of a field development plan as it seeks to bring in an additional strategic partner.

Some 17,000 boepd of production comes from Tullow’s non-operated portfolio, which is impacted presently by planned downtime for a floating production vessel at the Espoir field, offshore Côte d'Ivoire, for remediation work.

Proactive

florenceorbis
18/11/2022
23:15
Email response from IR today Dear Mr. XXXXX You may have seen in the November Trading Statement, the reason for postponing the Capital Markets Update is that there are a number of strategic and operational initiatives that remain ongoing and are expected to evolve throughout the coming months. As a result, we have decided to defer until 2023, when we will be able to provide an update on the strategy and outlook to investors. Specifically with regards to Kenya, the process to secure a strategic partner continues to make progress. Furthermore we are, alongside our JV partners, seeking an extension of the FDP review period, while discussions with the Energy and Petroleum Regulatory Authority of Kenya and the Ministry of Energy and Petroleum are ongoing. Kind regards
franky15
17/11/2022
15:40
Thanks for the feedback. I'm pretty new to this, and there's only one way to learn.
buhdonkatonk
17/11/2022
08:35
Lol not all were impressed lol, you little fibber. But you lot do post under many accounts. Rahul is failing badly to date, like it or not.
lyreco1
17/11/2022
07:26
Buh, thx for your informative postings. I think you have to take into account our working interests in jubilee, respectively in TEN when you calculate well costs.Refering to the last presentation where they mentioned the well costs, it was around 90m per well before rahul took over as Ceo. They planned to achieve 75m per well, but they recently achieved around 60m per well gross costs.So anyway thats a very good achievement. If you followed xxnjrs postings all of us were impressed by the improve speed in drilling. Although not with the expected results in exploration drilling outside known accumulations.
thommie
17/11/2022
02:38
We may be failing, but we're doing so extraordinarily economically.
buhdonkatonk
17/11/2022
02:37
I've got something to talk about. Total capex this year is 360M. That's 45M exploration, 35M on non op, and 5M on kenya. This agrees with 270M reported on Ghana capex. That Ghana capex includes 5 wells drilled and completed, 2 wells completed, and 4 wells drilled for $270M dollars. Essentially, that makes for 9 wells @ $30M each. These were $75M each when management started.
buhdonkatonk
17/11/2022
00:16
I do not think this has been mentioned before but the international maritime organization has reduced the Kenya area of the western Indian Ocean from the high risk designation on Jan 1. That's good news for us.
buhdonkatonk
16/11/2022
23:20
Nothing to talk about. Hence CMD kicked into long grass. It would certainly make sense to repurchase some of the 2025's; now trading at 68%.
xxnjr
16/11/2022
17:27
What is there to talk about at the CMD? Could this be a buyback with the $50M of found money, a debt repurchase/refi, or a debt raise to tackle kenya? I don't think a refi is in the cards as rates have gone up enough to make our terms look reasonable. Maybe he wants to get a longer amortization window so that he can pursue other projects?
buhdonkatonk
16/11/2022
11:31
Yes, agree, the exploration failure is epic.

I guess that's not really Rahul's fault at this stage but going forward he will have to take responsibility. They may need to review what the exploration team has been doing. I wouldn't say sack them all but definitely give them a solid grilling to see what is happening and then decide. Maybe they need approaches to seismic or something like that..

from lse
hxxps://www.offshore-energy.biz/four-more-wells-on-tullows-drilling-agenda-off-ghana/

lse seems to have most of tullow chat.

mcsean2164
16/11/2022
10:14
Im really happy, that after the end of the capricorn merger a news alert actually means one and isnt one of the 10 daily holding rnses...Tullow really didnt have any luck doing exploration drilling in the last 6-7 years. But every losing streak sometimes comes to an end. Maybe in cote de ivory just aside the TEN fpso? :)
thommie
16/11/2022
09:37
And a good morning to you Fz!

Well I'm sure if you put your mind to it you good drum up a few positives (like operating efficiency for example) in answer to your Q. But at the end of the day there is only so much that can be done with the existing assets and debt load being what it was when Rahul took up the challenge.

xxnjr
16/11/2022
09:00
rté



Tullow Oil narrows production forecast range
Updated / Wednesday, 16 Nov 2022 08:11

The West Africa-focused oil producer is trying to bring down costs after two strategic wells returned disappointing results

Tullow Oil narrowed its annual production forecast range and cut capital investment expenditure estimate today.

This comes as the West Africa-focused oil producer attempts to bring down costs after two strategic wells returned disappointing results.

The company now expects its full-year production to be between 61,000 and 62,000 barrels of oil equivalent per day.

Its forecast for 2022 capital investment was reduced to about $360m, while free cash flow forecast was raised to $250m.

Tullow's plans to merger with Capricorn Energy were foiled in September when Israel's NewMed swooped in.

It said a number of "strategic and operational initiatives" were going on and they were expected to evolve in the coming months.

The company decided to push back its capital markets update to 2023 until it has an update on its strategy and outlook for investors, it said.

florenceorbis
16/11/2022
08:39
XXn you truly are a nasty piece of work and a cry baby at that grow up.

My concerns posted yesterday has proven to be factual nothing more than kick the can down the road from Rahul with more duster drills and nothing about Kenya.

Remind us all, what has he actually done since he arrived at TLW?

lyreco1
16/11/2022
03:08
Africa oil Q3"I think there is a good chance that we will have an announcement of our partnership before the end of the year." In the presentation. -Keith Hill Africa Oil CEONo mention of Kenya when talking about high impact catalysts or anywhere else in the press release. In the Q report, one paragraph about kenya at the bottom reads that advanced discussions are ongoing with interested parties. A successful farmout is critical towards Fid over the next year. There is no guarantee the company can be successful on favorable terms. Q2Kenya is mentioned as a catalyst on the press release I'm the Q report, Kenya is mentioned as a catalyst. The Kenya paragraph from Q3 is copied, but is placed above the other exploration projects. Q1Kenya is not mentioned in press release. Kenya paragraph is last. The end of the year is 45 days away. I find it interesting he would use that language "by the end of the year" in the q3 presentation
buhdonkatonk
15/11/2022
23:17
".....The Vice President further mentioned that the government will be keenly looking forward to the realization of Tullow’s investment decisions on ongoing projects including the execution of post-foundation commercial gas agreements, exploration interests, and other projects being considered by Tullow and its partners in Ghana....."
xxnjr
15/11/2022
22:53
lyreco1 15 Nov '22 - 20:22 - 58202 of 58203
0 0 0
Dreading tomorrow
===========================

It seems a certain poster's posts have fizzled out on the Block Energy and Tullow Oil boards. At the same time a new moniker turns up trashing both companies.

Conclusion: Maybe Fizz = ly-re? Who knows? LoL!

xxnjr
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