LSE Soiree Butler Tullow Oil TLW.L

Tullow OilTullow Oil plc (Tullow) is an United Kingdom -based company engaged in oil and gas exploration, development and production and the sale of hydrocarbons and related activities. It operates in three geographical segments: Europe, South America and Asia; West and North Africa and South and East Africa. The Company has interests in over 100 production and exploration licences in 22 countries and focuses on four core areas: Africa, Europe, South Asia and South America.
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  • Re: tornadotony...misterx by MisterX1
    Mon, 02 Mar 2015 22:41:00 GMT

    ". Stand corrected"

    As usual .

    Plonk@r.. By MisterX1
  • Re: tornadotony...misterx by MisterX1
    Mon, 02 Mar 2015 22:39:00 GMT

    Turkey you really are something else :

    When you wrote just now :

    “And btw I said ".benefit of doubt" id1ot.”

    You actually wrote before :

    “Let's give you benefit of the doubt sufisb and assume you really are a different poster:

    This implies that you have accepted sufi as NOT being X/SS as you like to claim and then proceeded to say towards the end :

    “and as for your penultimate statement: "you saved me from investing".
    Well why on earth are you here on a BB or taking any interest in any stock then?
    and to finish:
    "just quickly bud, how low do u think tlw can go before a bounce?"
    Well this might possibly show that you are not X1/$$ in another guise (or just trying to throw us off the scent) but he thinks it will never bouncer - NEVER!
    Hope that answers your question on his behalf.”

    You see where you are wrong ?

    (1) The question about the bounce was directed at Tony and NOT sufi
    (2) You implied that the answer was by X/SS when you said DIRECTLY to sufi [and NOT Tony] “hope that answers your question on his behalf” It was not sufi but Tony you needed to address .

    Clanger Numero 4 tonight I am afraid – as plain to see as daylight itself.


    By MisterX1
  • Re: tornadotony...misterx by jontee
    Mon, 02 Mar 2015 22:24:00 GMT

    Tornadotony's - fair enough. Stand corrected . Must admit it sounded pretty X1/$$' ish!
    Hence I did say benefit of doubt.
    By jontee
  • Re: tornadotony...misterx by jontee
    Mon, 02 Mar 2015 22:16:00 GMT

    Mrx1/$$
    That got you out of your "ignore" hovel didn't it X1/$$.
    "So"predictable.
    You couldn't resist as I knew that would show you up.

    You really hate being shown up because I am the only one who confronts you with the utter carp you post here.
    And btw I said ".benefit of doubt" id1ot.

    You can go back to your burrow now.

    By jontee
  • Re: Oh dear by Cashman103
    Mon, 02 Mar 2015 21:54:00 GMT

    The $3.5 billion would be over so many years I take it. You say it as though they need it over night By Cashman103
  • Re: tornadotony...misterx by MisterX1
    Mon, 02 Mar 2015 21:45:00 GMT

    "Wrong jontee favourites rank 339- Sufi has been around since 2007."

    Just saw this so assumed you-know-who had something to say - and opened up the poster on ignore - I wasn't disappointed :

    (1) accuses sufi in an arrogant dismissive way of being a MisterX1/Silversnout alias - yet failed to check what Tony has done by confirming Sufi's member date and rankings before committing pen to paper. Clanger 1.
    (2) cannot comprehend that the question by sufi of how low the tullow could get, was directed at Tony and NOT as claimed X/SS - sad that the turkey cannot even comprehend the basics of English. Clanger 2
    (3) sadly these clangers are too common - last month every time it posted Buy the price fell the following day - almost invariably. Clanger 3.

    And its only early March !!



    So there you are sufi - this is the nature of the character on this BB that decent, honest and law abiding posters have to deal with. As further examples of this persons postings, just refer back to Sat / Sun where you will see examples of buffoonery posted by this individual.

    A very naaaaarsty piece of work to say the least.... By MisterX1
  • Re: Oh dear by MisterX1
    Mon, 02 Mar 2015 21:34:00 GMT

    If the Income Stream of TEN gets affected by the latest issue, then that will be a severe dent to tullows revenue stream - oxygen if you like.

    Tullow also promised the UGs that [IF] when development starts they are in it for the long term no matter what - which includes the low oil price. This has been broadcast by them many times in the past few years. IF they are to invest then where will they find the expected c $3.5bn to invest BEFORE a single drop of oil is sold ? And then of course, you are invariably going to have time delays and cost over-runs too.

    So just a combination of a massively reduced Income stream and potential huge mega-costs will be enough to give the banks a major headache.

    I bet Tullow are hoping that the UGs never develop because if they did and then went round to tullow with the pot, imagine the scenes if tlw then sais no ?

    They would most likely never be trusted in East Africa again, their reputation probably will be in tatters and any credibility left would simply vanish....

    Now I am off for some "Zzzzz"'s - pardon the pun !! LOL By MisterX1
  • Re: tornadotony...misterx by Cashman103
    Mon, 02 Mar 2015 21:22:00 GMT

    Apart from X1`s prediction of Tullow staying at 6.75 for years I cant recall the price he has predicted it to fall to? He has always looked in the rear mirror. By Cashman103
  • Re: Oh dear by Cashman103
    Mon, 02 Mar 2015 21:19:00 GMT

    However, the banks WILL see this latest development as an issue and will have to protect their own interests and will be looking at this very closely indeed - as it could be the make or break of tullow.

    They won`t need to borrow so much if development and investing is cut. Maybe debts might need to be rolled over. I can`t remember what the earnings before tax and interest/ interest ratio is. Profits have been used for exploration in the past. Borrowing has been used for development. By Cashman103
  • Re: tornadotony...misterx by tornadotony
    Mon, 02 Mar 2015 21:15:00 GMT

    Wrong jontee favourites rank 339- Sufi has been around since 2007. By tornadotony
  • Re: tornadotony...misterx by jontee
    Mon, 02 Mar 2015 20:15:00 GMT

    Oh carumba - I think we have another X1/$$ alias.
    X1/$$ bringing in reinforcements.
    Sorry, I really don't want to have to say this but honestly just look at the language.
    It's has half X1 and half $$ written all over it.

    Let's give you benefit of the doubt sufisb and assume you really are a different poster:
    X1 has hardly got anything " bang on".
    We all know about the price drop and have all been suffering with TLW's "obvious" lower SP.
    Ok so as the price dropped and PoO dropped he just kept coming in with his usual, offensive twaddle but it doesn't take anyone with half a brain to see that TLW's price has come down and just because X1/$$ keeps repeating it as such doesn't mean "he has got it bang on"!

    As for honest I think you will find we are all ROFLOAO as he would put it so succinctly.
    Oh dear, I am on ignore for a week but I hope to goodness I am wrong and you are just naïve.

    and as for your penultimate statement: "you saved me from investing".
    Well why on earth are you here on a BB or taking any interest in any stock then?

    and to finish:

    "just quickly bud, how low do u think tlw can go before a bounce?"
    Well this might possibly show that you are not X1/$$ in another guise (or just trying to throw us off the scent) but he thinks it will never bouncer - NEVER!
    Hope that answers your question on his behalf.
    By jontee
  • tornadotony...misterx by sufi sb
    Mon, 02 Mar 2015 19:22:00 GMT

    i must admit mister x has got this bang on.

    i feel hes been honest and not like the usual kkobs on other bbs.

    well done mate.




    tonytornado, how r ya bud, i followed alot of your posts regarding abg, and to be honest you saved me from investing.

    just quickly bud, how low do u think tlw can go before a bounce?

    cheers

    By sufi sb
  • Better map by tornadotony
    Mon, 02 Mar 2015 18:30:00 GMT

    Forget the map on Tullow website. This is far better.

    https://uk.images.search.yahoo.com/images/view;_ylt=Az_6xdjZqvRUg2MAldxNBQx.;_ylu=X3oDMTIybGNiaWc2BHNlYwNzcgRzbGsDaW1nBG9pZANkM2I5YTNmZTAzYTEyNWIxYjE0MGVkOTU3NjI1YzQwOQRncG9zAzUEaXQDYmluZw--?.origin=&back=https%3A%2F%2Fuk.images.search.yahoo.com%2Fsearch%2Fimages%3F_adv_prop%3Dimage%26va%3Dmaritime%2Bborder%2Bdispute%2Bghana%26fr%3Dmcafee%26tab%3Dorganic%26ri%3D5&w=699&h=577&imgurl=images.energy365dino.co.uk%2Fstandard%2F114096_eed69c757b9b4456806a.jpg&rurl=http%3A%2F%2Fwww.energy-pedia.com%2Fnews%2Fghana%2Fghana-and-ivory-coast-to-draw-border-of-oil-rich-sea-zone&size=69.2KB&name=...+discoveries+-+showing+proximity+of+Cote+d%26%2339%3BIvoire+%3Cb%3Emaritime%3C%2Fb%3E+boundary&p=maritime+border+dispute+ghana&oid=d3b9a3fe03a125b1b140ed957625c409&fr2=&fr=mcafee&tt=...+discoveries+-+showing+proximity+of+Cote+d%26%2339%3BIvoire+%3Cb%3Emaritime%3C%2Fb%3E+boundary&b=0&ni=21&no=5&ts=&tab=organic&sigr=1303glpgi&sigb=13siutuje&sigi=123nfktej&sigt=12h1v4fm7&sign=12h1v4fm7&.crumb=Uy2CNGCI84A&fr=mcafee

    Upshot is that TENS is in Ghana waters.

    The fall today is attributed to FTSE 100 relegation.

    Tony

    By tornadotony
  • Re: Oh dear by brummell
    Mon, 02 Mar 2015 17:48:00 GMT

    The coast is fairly straight on the border between Cote d'Ivoire and Ghana so the maritime border is pretty well perpendicular to the coast. As long as TLW is drilling on the Ghana side (which they are) there is no argument about the location of the TEN development so that is a red herring. Cote d'Ivoire has asked for a review of the border, it has not accused Ghana of incursion on its existing territory, which would be a simple matter of maritime law, not a border dispute. Their request looks like an attempt to muddy the negotiation waters, nothing more. It is difficult to see how Cote d'Ivoire will justify its claim re the border but the argument may carry some weight in deciding the split of the proceeds from a combined development of the fields. It could well be that Cote d'Ivoire is looking for a cut of the profits without having to drill or explore on its own territory. It is worth remembering that TLW is not alone in the TEN development, it has partners, Kosmos, Anadarko,
    Petro SA and GNPC, all of whom will have taken legal advice on the border dispute between Ghana and Cote d'Ivoire. It was Ghana that originally took legal action last year under the U.N. Convention on the Law of the Sea last year so this is not a new issue.

    There's no question of TLW acting outside the law. Neither is there any likelihood of any accusation of corruption without proof, that would certainly not enamour the offending party to the tribunal. I'd say that, if anything, suspicions would be aroused by the tribunal trying to halt any activities before a proper hearing. By brummell
  • Re: Oh dear by LK Hyman
    Mon, 02 Mar 2015 16:27:00 GMT

    Brummell,

    "Parallel to the delimitation proceedings, the parties should consider entering into a joint development agreement in the straddling areas in order for them to jointly manage and develop the straddling area and jointly benefit from the proceeds thereof."

    Those are such wise words that one would think that only a total grade one eejit would ignore them!

    Yet there are numerous examples, particularly in the developing world, where common sense flies outta the window, to be replaced by bampot behaviour on the part of people (normally guvmint people) on one or the other (or both) side(s) of the border.

    The classic example is Iran/Qatar and the North Gas field, which straddles both countries' maritime boundaries. The Qatar lads have always behaved sensibly (albeit they dragged their heels a bit), but the Iranian fellers TOTALLY lost the plot when they said to themselves "Let's go for nuclear and (effectively) forget about that gas". Talk about a wasted opportunity on the part of the lads in turbans!

    Anyhoo and whatever, the current TLW African spat looks to me like the sort of FUBAR situation which will take a long time to resolve, notwithstanding the fact that a five year old child could see that a sensible unitisation deal, with a bit of give and take on both sides, would benefit all parties.

    I don't have a position in TLW, but I've been following the various positions taken by the bulls and bears. Fascinating!

    Good luck to all, whichever camp you're in.

    LKH on the flybridge sticking to Shell and BP and Weir By LK Hyman
  • RE: Reason for drop by Newguy12
    Mon, 02 Mar 2015 15:24:09 GMT

    2 March 2015 - Tullow Oil plc (Tullow) announces that it has been advised by the Government of Ghana that the Government of Côte d'Ivoire has applied for provisional measures to be ordered in Ghana's maritime boundary dispute with Côte d'Ivoire which is in arbitration before a Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) in Hamburg. The provisional measures application includes a request that ITLOS orders Ghana to suspend ongoing exploration and exploitation operations in the disputed area in which the TEN project is situated until ITLOS gives its full verdict which is expected towards the end of 2017. Tullow understands that a decision on this application for provisional measures should be handed down before the end of April 2015. This arbitration was commenced by Ghana in 2014 in an effort to resolve a dispute with regard to the maritime boundary between Ghana and Côte d'Ivoire. Tullow's advice from external counsel is that Ghana has a strong case under international law that the current boundary location, which follows an equidistance line, will be upheld by ITLOS in accordance with the Law of the Sea Convention to which both states are party. Work on the TEN project continues and remains on schedule and on budget for first oil in mid-2016. Aidan Heavey, Chief Executive Officer of Tullow Oil, commented today: "Tullow has long had interests in and strong relationships with both Ghana and Côte d'Ivoire and we have conducted our operations in both countries in line with our obligations as a contractor under our Petroleum Agreements and in accordance with international operating standards. Although the arbitration process allows for an application of provisional measures, it is our view that it is in the best interest of all parties that the TEN project continues to move ahead without delay and unencumbered by legal tactics of this nature."
  • Reason for drop by Newguy12
    Mon, 02 Mar 2015 14:08:41 GMT

    link

  • TLW by Kaimirza
    Mon, 02 Mar 2015 13:25:33 GMT

    The only good thing i can see about the share price dropping is the possibility that a bigger firm will bid for it. There are already rumors that Shell has been looking into this. I personally wouldn't sell at a loss. no harm in waiting it out. but its your decision at the end of the day. i cant imagine it will drop below its 52 week low! but at the end of the day you never know!!!
  • Major Drop by PeterMcA88
    Mon, 02 Mar 2015 12:42:34 GMT

    All, major drop in Tullow today as sentiment continues to worsen. See article below:

    link

    I own shares in TLW and other O&G companies, TLW has performed much worse than most in the past 2mths. When will it be time to cut ones losses on TLW? Is it worth waiting this one out. Peter
  • wow by Kaimirza
    Mon, 02 Mar 2015 11:31:12 GMT

    THATS ONE STEEP DROP!!!!
  • RE: oakfield by Oakfield
    Mon, 02 Mar 2015 10:38:12 GMT

    Thanks mate, hate to sell at these levels but reckon you're right.
  • oakfield by oilriches
    Mon, 02 Mar 2015 10:23:03 GMT

    I would not be in here if moving to ftse 250
  • Hold or Sell? by Oakfield
    Mon, 02 Mar 2015 10:20:23 GMT

    Hold or sell?
  • TLW demoted from ftse100 by Alexios
    Sun, 01 Mar 2015 19:52:04 GMT

    Check this rankings listing yourselves:

    link

  • tullow demoted from ftse100 by Alexios
    Sun, 01 Mar 2015 18:58:57 GMT

    Tullow faces blue-chip relegation Alison Smith, Chief Corporate Correspondent Tullow Oil is set to fall out of the FTSE 100 when the quarterly changes to the blue-chip index are revealed this week. Analysis by Société Générale, based on Wednesday’s closing prices, sees demotion for the Africa-based explorer after it reported its first pre-tax loss in 15 years last month. Its place is set to be taken by Hikma Pharmaceuticals, the drugmaker that has been knocking on the door of the FTSE 100 for some time. The group, which listed in London in 2005, has grown to become one of the world’s biggest makers of generic injectable medicines, partly through acquisitions such as its $300m purchase of US-based Bedford Laboratories. The likely addition of three recently floated companies to the ranks of the FTSE 250 would come at the expense of Game Digital, Oxford Instruments and Afren. Game Digital had enjoyed a share price rise of more than three-quarters after its own June flotation, but the group’s value plummeted after it warned in January that heavy discounting over Christmas would hit profits. The three newcomers to the mid-cap index are set to be Virgin Money, AA and B & M European Value Retail, which is chaired by Sir Terry Leahy.
  • BRENT - WTI Spread is $10+ today by tradernor
    Mon, 23 Feb 2015 08:14:36 GMT

    Therefore, it is better to pick up international energy companies than US-based ones. Below is a fundamental analysis from SA with several international oil producers with Brent pricing and rock solid balance sheets:

    link

  • But? by Ta-trade
    Wed, 18 Feb 2015 07:29:43 GMT

    Bit...damn predictive text iPhone lol
  • Oil by Ta-trade
    Wed, 18 Feb 2015 07:28:32 GMT

    But of a V bottom yesterday let's see if we can make a higher high!
  • RE: Oil cos? by Tezza123
    Tue, 17 Feb 2015 14:05:27 GMT

    Thanks JohnLewis79 will take a look, and good luck.
  • tlw by banker2
    Tue, 17 Feb 2015 10:52:38 GMT

    could we see 450 today with oil recovering