Tullow Oil Share Chat (TLW)

There's really very little information online about such drilling campaign. I usually google-search "AXIMA" (name of the drilling rig), "Dixstone" (owner of the rig), "Sarafina" and the like... By tracking the movements of AXIMA we get some interesting info. It actually started drilling on the 6th of August, also as per RD' statement. And apparently left the drilling site a few days ago... Nothing more than this unfortunately... Looks like a very "secretive" operation :)

Lol.

I read that the US has given Israel air defence but has specifically stated they must not strike nuclear or fuel depots. Si ut might not raise the OP even if there's further conflict.

Quite a lot of developing news on this so not just me thinking it.

https://news.sky.com/story/an-israeli-attack-on-irans-oil-bases-could-have-massive-repercussions-and-may-help-trumps-chances-of-winning-election-13232920

If you type 'Sarafina oil drilling tullow' into Google, you get verbatim the summary as an AI overview at top of page. Can't find any other source. Does AI know what it's talking about? Time will tell.

GLA LTH

@Flavius - no mention of oil drillig anywhere. where did you get the news?

And this link

https://www.telegraph.co.uk/us/news/2024/10/13/iran-threatens-us-troops-sent-to-defend-israel/

Just been catching up on the weekend and I think an Israeli retaliatory strike on Iran is getting closer.

Reasons.

1. The US is deploying another Terminal High-Altitude Area Defense (THAAD) battery and circa 100 personnel to operate it, to Israel.

2. Weekend rhetoric that Israel has identified a series of potential targets.

3. Iranian comments

"Iran has “no red lines” when it comes to defending its people and interests, foreign minister Abbas Araqchi said in a post on X on Sunday, as the region braces for Israel’s retaliation following Iran’s recent missile attack.

Just my thoughts and please dyor.

@JMAX how about you quote me one ruling under the jurisdiction of the ICC where branch profits tax has been awarded in favour of the host nation where the PSC has included competently drafted stabilisation clauses ? If Ghana was so confident why did they drop all the other spurious claims against other international companies , including Kosmos? Why did they not enforce these claims at an earlier opportunity considering how long this field has been on commercial development…oh yes, i forgot, I believe they tried previously but gave up because they didn’t have a case. Let’s see when the decision arrives if i am right or wrong. I have maintained my opinion since the beginning of the case. The Government will probably change on 7th January 25 after elections, the best the Government of Ghana can do now, is to try to save face until this time . Remember this case is a disaster for the country. No outside companies want to invest if they are not protected under international law. Tullow is providing the country with its cheapest hydrocarbons..it makes no sense not to settle their dues or have to pay substantially more replacing production on international markets. Perhaps you would like to elucidate your views…or are you just going to ask questions rather than give logical explanations for you “tea leaf” prophecies.

In relation to receiving part of the insurance proceeds on the turret mooring , did the Government of Ghana compensate the holding company when they paid premiums previously…or did they just want to share in the proceeds because they lost revenue ? The words cake and it , come to mind . Courts expect consistency on interpretation of lawful agreements..you can’t have it both ways once the tax authority has previously ruled the other way. Tullow has called the bluff of the Government because it had no option. The government has lost substantial long term revenues as investment is curtailed.

As for Kenya , the Government can stall by insisting that they want full development of license blocks, but if all sensible avenues to financing the Lapsett pipeline development are exhausted , they will either need to reimburse Tullow for past costs of $2bn or let Tullow move forward with a reduced FDP. You see JMAX , the host nation holds the cards, but they still have to play them eventually or it’s off to the ICC for a ruling again…what has Tullow to lose ?

DYOR the above is the opinions of a private investor . Seek professional advice before making an investment decision.

Lol

Mackrell,

Are you disagreeing with fact ?

If you and the other experts had half a brain then you would be asking why my posting is do accurate. I clearly have access to better information than you do :)

JMAX,

"My posting history is spot on..."

I can't tell, every post of yours that contains more than 10 words is ignored... sorry.

PG Tips.

My posting history is spot on :)

The Share Price, like Jmax needs a good kick up the ass!

Why would it go TLWs way ?

JMAX,

"Don't be surprised if the decision goes against tlw."

Is that jmax the shorter talking again... ? I will sell right away... lol.

They won't go anywhere near 55p on the resolution of the tax dispute alone.

Don't be surprised if the decision goes against tlw.

Apparently yesterday the drilling rig AXIMA completed the activities for Sarafina well. About 2-month activities in total, which is significantly longer than other drilling campaigns in the same area as far as I know. Soon we should receive an update about the outcome, finger crossed...

I have been telling you the shares are going higher …so i am glad you have changed your mind . The shares will be over 55p post resolution of the spurious branch profits tax claim and the bond refinancing. You will not have to wait until Easter before that.

But isn't over 1300 a bit 'over the top' when looking at their production numbers back then?

Imo this would/could imply that if Kenya goes through, we could be looking at a share price in the hundreds... (?)

The Houthi's actually had active attempts at 2 ships today.

"Yemen’s Houthi group have claimed responsibility for an attack on a Liberian-flagged tanker in the Red Sea, which they said they targeted with 11 ballistic missiles and two drones on Thursday morning.

The Olympic Spirit was hit about 73 nautical miles (135 kilometres) southwest of the Yemeni port of Hodeidah, British maritime security firm Ambrey said.

The tanker, en route from Saudi Arabia’s Jeddah to Muscat in Oman, was struck on its starboard side, Reuters reported. The projectile hit the bridge causing minor damage, Ambrey said.

Four hours later, two additional projectiles reportedly detonated within 0.27 nautical mile of the vessel’s port side. A maritime security source told Reuters:

The damage is minor. The vessel has some technical issues, but it is seaworthy and continues its journey. They (the crew members) are all safe.

The Houthis said they had also targeted a vessel it identified as St. John in the Indian Ocean with a winged missile."

If Anton has blocked me - how then would they know what I am posting ?

Caught lying again :)

Article is a few months old but gives a summary of the timelines.

https://citinewsroom.com/2024/08/tullow-braces-for-ruling-on-387m-tax-dispute-in-november/

We're only 5 weeks away from mid November. Hopefully we'll get a positive outcome and will be nice to get some good news while the share price has some positive momentum. Of course if we don't get a decision by mid November JMAX will forever be accusing me of falsely saying the date was the middle of November :-).

My average is 48p unfortunately, so I hope you're right JMAX.

Not holding my breath though even though I have time on my side, thankfully. :)

This will be over 55p by next Easter.