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TLW Tullow Oil Plc

21.26
-2.70 (-11.27%)
Last Updated: 15:44:37
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
  -2.70 -11.27% 21.26 21.20 21.24 22.82 21.04 22.82 9,282,118 15:44:37
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.63B -109.6M -0.0752 -2.85 349.4M
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 -2.85.

Tullow Oil Share Discussion Threads

Showing 67101 to 67121 of 69850 messages
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DateSubjectAuthorDiscuss
22/2/2023
08:38
Looks like this is Uganda all over again, probably never happen thats probably why were at 2 year lows.
alfiex
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

billy_buffin
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?
xxnjr
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
badger36
16/2/2023
00:04
Ghana experts talking sense
subsurface
15/2/2023
23:57
CNE shareholders had a lucky escape when they vetoed the Tullow deal!
xxnjr
15/2/2023
17:21
Would not be surprised if they come running back to TLW....what a game.
kulvinder
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
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