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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tullow Oil Plc | TLW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.48 | 2.08% | 23.60 | 12:42:44 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 23.96 | 22.80 | 23.96 | 23.12 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 01/10/2024 15:20 by xxnjr According to US.gov Iran is preparing to conduct a missile strike on you know who.(it's sad that TLW investors have to rely on war for an investment case) |
Posted at 12/8/2024 12:54 by bootycall I think many of you have missed the most likely scenario in the event this gets to the courts of Ghana , which is a tax amnesty. I believe this guy is going to get the top job.Ghana has been badly affected by these legal cases. Many of them have already been dropped against Kosmos etc., There is a need to attract outside investors. IMO this is a spurious claim which is covered by the stabilisation clause of the contract…but let’s see ! Booty DYOR |
Posted at 07/8/2024 12:26 by bootycall I think everyone has forgotten about the massive reduction (circa US$70m pa?) in Ten FPSO lease costs coming soon, post the 10 year anniversary of the original charter. They also fail to appreciate what a debt refinancing will do in terms of potential reduction in interest against a backdrop of falling rates. The commercial cash facility of $700m can also be reduced once this is addressed, further reducing the effective bridging costs of the 2026 notes. The company should get another 1.5k bpd when Simba comes on stream and the Jubilee field is now starting to benefit from the latest water injector.Furthermore the company referred to ongoing discussions on private commercial gas contracts in Ghana. They no longer have to work within the constraints of an incompetent Government. Lastly, there will be masses of legacy fields of the IOCS where the shortfall of production can be made up. It is obvious from failed bids in the last 12 months that additional finance is available on that front. Tullow has spent so long just paying its debt back that investors have forgot that it is perfectly capable of buying production at IRRs of over 40%. I suspect they will be a successful outcome on the branch profits tax and then they will have to throw a small bone on the other outstanding cases if they want to move forward. Booty DYOR and do not rely on the accuracy of this post. |
Posted at 15/7/2024 07:54 by ctc1 article from business daily:Kenya oil dream delayed further as Tullow field plan rejected Story by John Mutua • 6h • 4 min read Kenya’s oil wealth dream has been delayed further after the government rejected a commercialisation proposal by British exploration firm Tullow Oil, citing “gaps” in its field development plan (FDP).An FDP outlines how an oil company intends to develop an oilfield, manage the impact on the environment and society, as well as give forecasts for production and costs.The Ministry of Energy and Petroleum said that Tullow had failed to show how it would plug the financial gap given its asset value relative to the billions of shillings needed to fully commercialise the reserves within the oil fields in Turkana.The ministry also cited gaps in the technical capability of Tullow following last year’s withdrawal of Africa Oil and Total, who unconditionally ceded their combined share of 50 percent.“There were issues in the FDP, given the book value of Tullow’s assets and the huge investment needed to fully unlock the project, Tullow failed to show us how it will raise this money,” Davis Chirchir said in an interview, two days before he exited his docket as Cabinet Secretary for Energy Petroleum in a purge by President William Ruto on Thursday.Read: Tullow Oil pays Kenya Sh577m on full control of Turkana project“Tullow also failed to show us how it is filling the gap of the technical gaps left following the exit of Africa Oil and Total. With their exit, there is a huge void in technical ability…. We need them to address these two issues because remember, we do not wish to approve a plan just for the sake of approving it.”Disclosure |
Posted at 12/7/2024 09:10 by xxnjr Thx for the update blue. Whilst that is all very sensible, the fundamental questions remain.Is Kenya an economic project? If yes, can Tullow attract any farm in partners prepared to take on the considerable risk? If yes, can Tullow get any banks (or whoever) to finance it? So far. It's just been talk. Years and years of talk with zero progress. All we know is Total Energies and Africa Oil both gave up and left, as either (i) the project was inherently unviable, or as (ii) Kenya didn't compete for capital against their existing FID opportunity set. (So far) exploratory talks with potential Indian oil company investors appear to have gone very quiet. At the end of the day, if no-one is willing to invest, Kenya is just a fantasy project. |
Posted at 10/7/2024 16:10 by xxnjr Rahul is in danger of going down having done zero for investors.1,470 days and counting into his term. On appointment, prior month production in Ghana was JUB: 90,830 bopd TEN: 48,854 bopd Despite investing $1bn gross in Ghana on drilling, buying additional w/int and JSE development, shipping data would suggest current numbers for today are kind of JUB: 90,000 bopd, or even under. TEN: 18,000 bopd In that time the share price has increased by Zero. It's actually fallen from 31.55p almost 1,500 days ago to below 31p today. Net Zero Shared Prosperity! |
Posted at 10/7/2024 07:03 by xxnjr TLW have now published that press release regarding Wissam's departureBut no RNS?..... (let's keep our investors in the dark!) |
Posted at 01/7/2024 09:54 by up just a little bit The information that all investors need to take from this is that you need to set stop losses. And for you Badger and zinger that's not boasting its a prerequisite in dealing with AIM shares. |
Posted at 01/7/2024 09:51 by up just a little bit Dear badger I'm not boasting, I'm showing you and new investors in TLW there is money to be made. Don't like it? Don't read it. The question still remains that someone who provides all these "facrs" holds no shares but spends all his days here. As you accurately say a lot of people have lost a lot of money. How the AIM market is I'm afraid. |
Posted at 21/6/2024 08:07 by subsurface Anyone think we need a new CEO?Yes and Chairperson , problem they get voted in at the AGM and not challenged by the big investors. Tullow needs a Rebrand, Do they still give a presentation in Ghana ? as they trade on the GSE.part of the shared prosperity? |
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