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TLW Tullow Oil Plc

23.96
0.00 (0.00%)
05 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
  0.00 0.00% 23.96 23.76 24.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.63B -109.6M -0.0752 -3.17 349.4M
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 0.00p to 0.00p.

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 -3.17.

Tullow Oil Share Discussion Threads

Showing 67076 to 67096 of 69825 messages
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DateSubjectAuthorDiscuss
15/2/2023
07:54
Well oil is down, US market down so we may go blue with a bit of luck fingers crossed
alfiex
15/2/2023
07:11
Never thought we would see below 35p again, but here we are again....wonder what we got install today?
kulvinder
14/2/2023
17:00
Another 12 month low breached today. Looks like we are stuck here for the foreseeable future :(
mccracken227
14/2/2023
14:30
Can't you just see Capricorn shareholders in stitches at the thought of a tie up with these charlatans. Not one are of business is without complications, hold ups and wastage. The drilling failures of late demand a complete clear out of the geological team have have proven either inept, incompetent or stupid. As for Dhir and the rest, bring back the old team. At least we had something to speculate upon other than this miasma
badger36
14/2/2023
12:16
Not so good news. RNS. About $700m of disputed tax claims

"TGL has received a revised corporate income tax assessment for $190.5 million from the GRA relating to the disallowance of loan interest for the fiscal years 2010 - 2020. Tullow has previously disclosed assessments by the GRA relating to the same issue; the revised assessment received in December 2022 supersedes all previous claims.

TGL has also received a new corporate income tax assessment and demand notice for $196.5 million from the GRA relating to proceeds received by Tullow during the fiscal years 2016 - 2019 under Tullow's corporate Business Interruption Insurance policy, previously referred to in Tullow's Trading Update on 25 January 2023.

Tullow has previously filed a request for arbitration in respect of a separate assessment for Branch Profits Remittance Tax of $320 million in 2021. A hearing in respect of this dispute is scheduled for October 2023."

At least we now know when the 1st tribunal hearing is.

Bit of background here

xxnjr
14/2/2023
11:23
It's always Tullow. Just shows doing business in Africa is never clear cut. Just like India it's official corruption is endemic. India did it with Nokia and they closed up and walked away from there where 90% of all business is associated with graft. Tim pot dictatorship in Africa in pay of Putin and Xe are nothing but thieves
badger36
14/2/2023
10:39
Backdating tax will not be acceptable by any law.
They are trying to show something to IMF to get loans

hojjat
14/2/2023
10:09
Dow Jones Newswires

Tullow Oil's Ghana Unit Files Arbitration Request Over Tax Dispute


Published: Feb. 14, 2023 at 2:35 a.m. ET



By Joe Hoppe

Tullow Oil PLC said Tuesday that its Ghana subsidiary has filed requests for arbitration with the International Chamber of Commerce in London over two disputed tax assessments from the Ghana Revenue Authority.

The London-listed oil-and-gas company said the two assessments--which total $387 million, along with penalties--breach its rights under its Petroleum Agreements.

The assessments relate to the disallowance of loan interest deductions for fiscal 2010 to fiscal 2020 and proceeds received by Tullow under its corporate business interruption insurance policy.

The company said it believes a resolution through international arbitration will bring certainty for stakeholders. The formal step of filing for arbitration notwithstanding, it plans to continue to engage with the government of Ghana with the aim of resolving the disputes on a mutually agreeable basis.

Write to Joe Hoppe at joseph.hoppe@wsj.com

grupo
14/2/2023
07:40
It sounds a bit like the uk where buy to let landlords can no longer deduct the interest expense
dealy
13/2/2023
20:28
This is an absolute steal here. The asymmetry of what we have is outstanding. If oil rallies we are looking at a stock that will behave like the thermal coal stocks over the last 18 months... just so utterly despised and prices like it's going out of business when in fact we have quite a few years of flexibility...
valuehurts
13/2/2023
18:48
Exactly and that NPV includes Kenya at 0 and all the other exploration assets at 0. Whilst everyone capitulates I am happy to buy here and wait.
blueclyde
13/2/2023
14:24
EV is 4 times approx current share price it seems

blue, tend to agree with your view

Most analyst too believe it is substantially undervalued

florenceorbis
13/2/2023
12:54
You may be right... But the assets are trading at such a huge discount that a 60p bid would be a huge win for the buyer and the sellers at this price. That makes it a no brainier at this price.
blueclyde
13/2/2023
11:08
People with sharper minds than us are stupid or or perhaps the stupid ones are the ones we see in the mirror Paying these clowns for presiding over a collapse in an era of booming oil prices and the chaos of the Capricorn fiasco
badger36
12/2/2023
13:46
I love how negative sentiment is here and how battered down the share price is. Couple of observations hedges are rolling off in May means they can capture upside of price increases. Commercialisation of gas seems huge opportunity and the new wells coming online also. Sentiment is so negative it over looks it is a 60k a day producer away from all this windfall tax nonsense and has some really interesting average that is I for free.
blueclyde
09/2/2023
07:05
Thanks for posting XX good news
subsurface
07/2/2023
20:30
This is potentially good news as it underpins future gas demand from TLW Ghana fields



Can't copy and paste so you'll have to read it! (Tullow sales gas already gets processed at Atuabo GPP1). Building Atuabo GPP2 can only be a good thing.

xxnjr
07/2/2023
14:49
Unless something else dramatic happens, TLW seems more like a bet on the oil price.

If OP goes <$80/bbl, FCF (and debt reduction) starts to evaporate.
If OP goes >$100/bbl, FCF (and debt reduction) becomes useful.

Layered on top of that we have execution risk on Jubilee South East wells coming on stream in good order. Current management has a good record on Jubilee.

Also worth noting 48K of 61K bopd 2023 Guidance, or 77% is now Ghana.
And 37K of that 61K bopd, or 60% goes through 1 FPSO (Jubilee).

We'll get more insights when results come out.

xxnjr
07/2/2023
14:33
Just when you think it can't get any worse...
mcsean2164
07/2/2023
11:04
We wish, but as always its being kept in its place
alfiex
07/2/2023
10:28
Come on 36
michelle74
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