Tullow Oil Share Discussion Threads

[allender] 10/1/2023 11:48

A buy out out in the 50p range is about a 50% rise from here and this is nothing more than a zombie company. You would have to be insane to think this is worth a pound.

[xxnjr] 09/1/2023 13:33

Thanks SS.

Absent of a meaningful farm down with well cost carry included, it may make sense for TLW to exit the Orinduik block given their existing 60% equity equals a relatively high well cost for a cretaceous well (deeper than tertiary). TLW could then spend the money on a Cote d'Iviore exploration well in 2024 assuming TLW could farm down a large chunk of their CI-524 block, currently 90%. Or use the unspent money from Guyana exploration to pay down debt. The $800m 2025 bonds are trading at 62% now. Spend the exploration cash on the bonds where the COS is 100% + (100% -62%) = 132% if you get my gist. Actual COS post well for exploration typically <10% for Tullow.

[subsurface] 09/1/2023 12:10

Happy new year to you to XX

Tullow expected to drill Amatuk well in 2023, after relinquishing 20% of Orinduik Block

Amatuk is expected to be drilled in the second renewal period of the license. The Orinduik Block partners were encouraged by recent nearby discoveries made by ExxonMobil in the Stabroek Block.

According to the website of Eco (Atlantic), Tullow’s Orinduik Block partner, the first renewal period of the license comes to a close on January 12, 2023. The license requires a relinquishment of 20% of the acreage, which would see the consortium parting with approximately 360 square kilometers of the 1,800 km2 acreage.

Interesting to see what Tullow say.


hTTps://oilnow.gy/featured/tullow-expected-to-drill-amatuk-well-in-2023-after-relinquishing-20-of-orinduik-block/

[xxnjr] 09/1/2023 11:08

Happy New Year everyone!

So.....

We haven't had any new producers drilled/come on stream for a while now on Jubilee as the rig moved to TEN early Q2/2022. Gross Jub Production has consequently declined to c.80K now, or less afaics.

And those TEN wells don't seem to have been a resounding success.
1 x w/inj completion (result unknown) + coupled EN-21Producer (now "throttled back" awaiting pressure support from the the w/inj with no bopd numbers given).
2 x N'tomme Riser Base "producers" that won't be developed as not enough oil in wells.

Kind of continues the saga of majority of recent TEN wells disappoint afaics. So guess TEN heading for 20K bopd gross, or less?

Rig has been on same location on JUB SE for about 70 days now drilling the new development. Timing of new JSE first oil is crucial. The Q is; when will the new JSE producers actually come on stream? If this is to be a mid-year event then 2023 1H production looks to be weak?

Can't say I'm particularly looking forward to the trading update on 25th/Jan.

[subsurface] 09/1/2023 09:01

Tullow January Trading Statement 25 Jan 2023

[florenceorbis] 08/1/2023 10:57

Upcoming events on TULLOW OIL PLC



February/08/2023   FY 2022 Earnings Release (Projected)

[franky15] 04/1/2023 14:41

Anything less than a quid it won t get passed a vote because of Lth

[frontdoor bulls the grim bitch] 04/1/2023 14:36

Only donkeys still in here, ffs,lol.😡

[sbb1x] 04/1/2023 12:04

How much debt TLW got these days..

[mccracken227] 04/1/2023 11:35

Yes Allender you can see it in the share price!!

[wolfofhounslow] 04/1/2023 11:34

Overvalued by about 35p

[allender] 04/1/2023 10:56

Buy out news on the way

[franky15] 01/1/2023 11:05

https://tfiglobalnews.com/2022/12/31/saudis-aramco-is-buying-uss-influence-in-africa/amp/

[franky15] 28/12/2022 14:13

That won t get voted through

[allender] 28/12/2022 12:01

50p to 55p buy out price

[subsurface] 27/12/2022 17:56

XX sent you an E mail,
POO $86 at the moment lets hope it holds when the main markets open.

[kulvinder] 23/12/2022 07:45

What's not to like ODEY ASSET MANAGEMENT LLP have reduced below 0.5%??? Surely a signal they think no more to gained here.....which is good right?

[franky15] 22/12/2022 17:40

What you saying

[mcsean2164] 22/12/2022 17:17

hxxps://shorttracker.co.uk/company/GB0001500809/

This share is a mystery to me...