Member Info for bransonbull

Yes, it was £2+ for much of 2019, but we shouldn't disguise the probs it had pre-CV19

TLW was not about £2 when CV19 hit, it was about 35p...we got hammered due to 3 sets of production downgrades in 2019. These could easily be revised upwards thanks to TEN drilling....plus asset sales. I expect £1-2 in coming 12 mths...but it wasn't £2 when this started...

12000 a day is 2.5 times production compared with PMO's Solan. Brent rerating - will provide money for future drills...Or a T/O. DYOR, high-risk, widows, orphans , proceed with caution etc.

End of day.

July 9, 2015.....

Guys, give it a rest & enjoy the w/e...I'm long as your arm, but we don't need the £1 by Fri rampers..esp. when we all know it will be £2.50 by Thurs!

Relevant....as TLW the operator, obv.
1 - "the new Ntomme-09 producer well is undergoing completion operations ahead of start-up later in the current quarter".
2 - gas offtake ....problem resolved as national gas co. buying up TLW's gas...

DALLAS – Kosmos Energy says its production offshore Ghana has not been severely disrupted by COVID-19.
The deepwater Jubilee gas enhancement project was completed in February with subsequent rates of around 90,000 b/d achieved. Currently operator Tullow Oil is raising water injection capacity from two pumps, which should provide necessary pressure support for the reservoir; a third pump is also available.

In addition, gas offtake from the Ghana National Gas Co. has been consistent at around 90,000-100,000 MMcf/d, which should help sustain higher oil rates in future.

Production from the TEN field is currently above 50,000 b/d and the new Ntomme-09 producer well is undergoing completion operations ahead of start-up later in the current quarter.

Looking forward to OPEC meeting! Are you?

Sbdy missed out...

Where it came from ....£1 by xmas, easily DYOR, not investment advice. Don't SB

https://www.fool.co.uk/investing/2020/06/03/investing-in-oil-stocks-can-the-tullow-oil-and-pmo-share-prices-continue-to-rise/

https://www.forbes.com/sites/davekeating/2020/06/03/the-oil-price-collapse-is-already-over/#6094d7cd7436

....cmon. Brent at 40.50 and 60% hedged at 57 USD.

My av. in SIPP is 45p so honey i blew my pension as i wasn't diversified... I'm not averaging down (yet), but i might. This may yet rise like a phoenix. It may not. For now, my non-SIPP is mainly TLW...and i prefer to av. down there...simple reason, in a major downturn, big players tend to recover quicker...GLA.

'one Suriname farm-down with Total subsidising all our costs does not a summer make', but it would help?

Yes, it's a bid for £2.50 a share...

Quicker the transaction completed and money hits the bank balance, the better. Also if Total manage to finalise deal, they'll prob then do further deals with TLW e.g. farm-in Suriname/ Guyana - https://www.tullowoil.com/our-operations/south-america/suriname/ .

Hotter than Joanna Lumley right now..

52wk High 251.31
52wk Low 7.17

Surely it points to lessons to be learned for future wells?

I thought we would revisit the teens before you bought in , LOL