Tullow Oil Share Discussion Threads

[xxnjr] 22/2/2023 13:02

Exactly right dealy. Which means TLW are hostage to the OP. OP really needs to be >$95 otherwise no meaning reduction in debt here.

[dealy] 22/2/2023 12:58

The weakness in this stock has got nothing to do with what you are describing. It's because the company has too much debt on the balance sheet and potentially too much debt off the balance sheet in the form of tax claims.

[crazi] 22/2/2023 12:54

Time for Rahul / CEO to sack the Corporate Brokers. They do nothing but "weight" the sell side of the order book. Everytime the price rises they quickly weight the sell and drag it back. Been doing it for months now...

[xxnjr] 22/2/2023 10:51

Plus some farm downs along the way although my memory is a bit rusty these days. Did we really get $2.9bn?

hTTps://www.tullowoil.com/media/press-releases/29bn-farm-down-uganda-licences-completed/

https://www.tullowoil.com/media/press-releases/tullow-announces-substantial-farm-down-total-uganda/

[mccracken227] 22/2/2023 10:38

Hi dros1 Tullow discovered oil in Uganda in 2006 and after many hold ups and law suits and tax costs ended up selling up at a loss about 15 years later. Should have been a company maker with shares hitting £15 and now 33phttps://www.tullowoil.com/our-operations/africa/uganda/

[badger36] 22/2/2023 10:35

What elaboration do you need given the chart, the Capricorn fiasco, the failed drilling programs, the unravelling/delay after delay if deals with tin pot dictators and corrupt officials. Only ones that get what they want are the Chinese and Russians

[dros1] 22/2/2023 10:30

Aiflex hi i am new investor hear will you please elaborate on your last post ?

[badger36] 22/2/2023 08:49

Every deal is unraveling and production dropping. Exploration nothing but sulphur, water or weather related issues. As we approach the 20s it's not good

[adrian j boris] 22/2/2023 08:46

Kenya's president William Ruto is imposing strict conditions on any change of ownership deal for oil blocks in the northwestern Turkana region. A deal between Tullow Oil and ONGC has stalled because authorities have not approved the Field Development Plan.

[alfiex] 22/2/2023 08:38

Looks like this is Uganda all over again, probably never happen thats probably why were at 2 year lows.

[billy_buffin] 22/2/2023 07:25

Tullow and ONGC's Turkana oil deal still blocked due to government procrastination
Kenya's president William Ruto is imposing strict conditions on any change of ownership deal for oil blocks in the northwestern Turkana region. A deal between Tullow Oil and ONGC has stalled because authorities have not approved the Field Development Plan
African intel 21/02/2023

[xxnjr] 21/2/2023 14:09

Rig has moved off JSE after about 115 days, drilling 3 new development wells to TD. These will be completed later on. Now moved to the Jubilee main field producing area so as a guess may be drilling a new producer (or possibly doing a workover?). A new main field producer coming on in say 70 days IS needed seeing as Dec monthly production dropped to 75.5K.

'TEN' or 'EN' (since T no longer produces anything) came in as expected at 22.9K.

[xxnjr] 18/2/2023 19:27

Isn't this just a self serving politician dressing up standard relinquishment terms as "reclaiming" just to garner votes from the general public who generally speaking aren't familiar with PSC agreements?

[badger36] 17/2/2023 15:27

For neck and downright contempt you have to admire them if only for the brazenness of taking salary increases and bonuses for failure after failure What has Dhir achieved other than appearances of rectitude only for the stock to be cut in half after the Capricorn fiasco

[subsurface] 16/2/2023 00:04

Ghana experts talking sense

hTTps://www.ghanaweb.com/GhanaHomePage/business/Legal-disputes-threaten-sustainability-of-oil-production-Experts-warn-1714538

[xxnjr] 15/2/2023 23:57

CNE shareholders had a lucky escape when they vetoed the Tullow deal!

[kulvinder] 15/2/2023 17:21

Would not be surprised if they come running back to TLW....what a game.

[alfiex] 15/2/2023 07:54

Well oil is down, US market down so we may go blue with a bit of luck fingers crossed

[kulvinder] 15/2/2023 07:11

Never thought we would see below 35p again, but here we are again....wonder what we got install today?

[mccracken227] 14/2/2023 17:00

Another 12 month low breached today. Looks like we are stuck here for the foreseeable future :(

[badger36] 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