Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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It’s disgusting TLW drop 7% today. It’s already trading much lower than it’s actual price 70-80p. PMO, LEK, etc they done stopped trading in this situation and call for price monetary check but Tullow incompetent management doing nothing.
Maybe a chance to get some cheap first thing . I was hoping for 47 this today :(
I rest my case , lets move on
I do not hold and do not intend to buy on any dips for your information.
There are better plays out there.
Not good , but who is going to sell on a dip ,you would have to be stupid it will recover at some point in the next 3 -6 months ,you dont sell on an historical low .
I understand people want to sell but wait until its a bit high , sell on a dip ha ha
Let's get a bit of perspective that goes further than MickR trying to get a cheap entry price.
'Tullow Oil plc
Tullow is a leading independent oil & gas, exploration and production group, quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW). The Group has interests in 80 exploration and production licences across 15 countries which are managed as three business delivery teams: West Africa, East Africa and New Ventures.'
that doesn`t make it drop 50% on an exploration well when the company only holds 30% and still pumping 80,000 barrels aday
Sentiment is at an all time low in Tullow, hence there could be a sell off. The management just can't seem to give good news to shareholders it seems.
MickR / yes not a good result but why 20`s , it was an exploration well admit it was a duster but the company is still pumping 70,000 to 80,000 barrels a day . Total are talking about another 3 wells in Guyana , this is not a one shot pony . but hey what do I know .
One thing they must of stopped drilling early as i thought another week or 2 for TD.
Tullow should stop trading. Dorothy and her team are Illomened for Tullow.
Lol - 20s. Lol.
Nutter,
ok relax. it's already know news and tlw held 35% only
ffs....where does these people come from?
Jesus when will TlW get a break FFS
The SP will see new all time lows. Terrible destruction of value by the incompetent management. We could see 20's today!
30,s today.
We can’t hear any good news from the current incompetent management; they are spoiling share holders money and filling their own banks with higher salaries and bonuses.
Duster...Sorry to holders.
News Release
Marina-1 well result
17 February 2020 - Tullow Oil plc (Tullow) announces that the Marina-1 exploration well, drilled on Z-38 licence offshore Peru, has reached Total Depth and has not encountered significant hydrocarbons. The well tested the La Cruz and Mal Pelo formations where minor gas shows were encountered however there were no indications of hydrocarbons in the primary targets in the Tumbes formation.
The Stena Forth drillship drilled the Marina-1 well to a Total Depth of 3,022 metres in 362 metres of water and the well will now be plugged and abandoned.
Karoon Energy is the operator of the Marina-1 well through its wholly owned subsidiary, KEI (Peru Z-38) Sucursal del Peru and has a 40% operating equity interest. Tullow Oil holds a 35% interest with Pitkin Petroleum holding the remaining 25%.
Mark MacFarlane, Chief Operating Officer, commented today:
"This is the first ever well in the deep-water section of the under-explored Tumbes basin. We will now integrate the important well information with the seismic data that we are currently reprocessing and update our prospect inventory for blocks Z-38 and Z-64. Tullow is building an extensive exploration position in Peru and, while this result is not what we had hoped for, we remain positive about Peru's wider offshore exploration potential."