Member Info for deeko

You missed out a key part of the wording
'Tullow's free cash flow in 2022, supported by a strong start to the year with a realised average oil price (post hedging) of c.$86 per barrel in January'

'Post hedging'... i.e. after hedges

or are we also framing down on the Repsol block too

Sorry, farm in for what? Maybe I missed this one. I thought we were drilling beebei-patora (excuse the spelling, can't be bothered to check/look it up at the minute) and we were looking for a farm in on Orinduik?

lol

Agreed Slift. Hoping to see some word on a TEN redevelopment;
Ntomme far west - 180 mmbbls
Ntomme Core - 70 mmbbls
Tweneboa - 43 mmbbls

No idea why they opted to develop the most complicated field first when there is 300 million barrels in conventional turbidite reservoirs next door! Shows how poorly Tullow was managed in the past.

Tullow now have two rigs in field, it would be great to see 1 well/quarter (90 days is more than enough) in TEN and the same at Jubilee. That would add 80,000 barrels of additional production (instantaneous) and 20,000 year average rate.

Also, looking forward to an update on Guyana

it's untrue

My Guess would be NEO energy as a farm in partner. Buying up everything in sight in the NS

I'm just looking forward to filling that GAP at 68p to 140p haha. Might take some pushing to get us there though

Not sure how I missed this one but it's and interesting insight nonetheless.

https://www.bloomberg.com/news/articles/2021-11-09/kenya-to-raise-1-billion-in-debt-next-year-for-oil-project

Have to agree JMAX, Dorothy was dealt a bit of a rubbish hand on the back of a complete failure (borderline fraud) by Mcdade's. I'm surprised his names all but forgotten when discussing Tullows fall from grace. Although I think she could have been more diplomatic in the approach she took, she was at least honest with what the issues were at Tullow.

To slate her instead of pointing the finger firmly at McDade is a fallacy IMO

Hardly surprising given Bidens attack on oil since taking office. Is a strange juxtaposition hearing him talk about the end of oil in one statement and the outrage at gas prices in another.

Anyway, hopefully the US sell off the SPR and when they realise they have sold off their security, the real panic will set it

Jubilee v3?

dividend guaranteed money. Price rising by more than that in a day... highly unlikely given performance, can certainly fall by more than that in a day though as has been seen but max 1% increase seems to be the norm followed by a 2% decrease the next day

Tullow still dossing in the low 50's

LOL, professionals. Have you ever read a broker note or oil price forecast haha

These majority of these guys are just as clueless as PI's but have a nice email header

Perhaps waiting on a flop in Kenya?? don't see that happening myself

The only thing I can think is it's the latest wave of graduate analysts that have read in a book somewhrere about the 2014 oil price crash/oil cycles, if that's the case then I'm afraid your far too early for an bear cycle in oil, the bull case still has potentially a year to go IMO

I genuinely don't understand the reason for shorting this. Regardless of how long they hold it down, the results should be phenomenal at these price levels... then we're into Guyana drilling next year.

Shorters are sleepwalking into massive losses

Plus given that Russia has been a key member in propping up the oil price. I can't see Saudi backing a U.S request because the whole OPEC+ organisation that has been instrumental in keeping oil producers profitable for nearly a decade would crumble

OPEC answers to OPEC not the U.S and the nominated leader is Iraqi not Saudi. In addition, Saudi orchestrated an oil price crash to bankrupt U.S shale companies in 2014, then refused to prop up U.S companies in 2020. Only when shale submitted and reduced their own supply did OPEC step in. Seems to me OPEC is concerned about OPEC, not what the U.S. ally of one member wants.

happy to wait and find out who's narrative is right though... personally, I can't see any of the OPEC+ nations stepping in to reduce oil price given that shale has finally given in and know OPEC have the sway to move the price $20-$25 with a single policy change.

nope... why would OPEC turn the taps on when the entire world has been saying OPEC is old news and they have had their day... The entire western world, Europe in particular has been rambling on about how obsolete oil is and how wind/solar is the future... I can't see OPEC 'turning on the taps' to rescue `Countries that have opposed their entire economy for years... Plus, when oil hit $20 last year, nobody was handing OPEC subsidies to save them... why would they do the same now?

On the shale side, statements from many Permian producers seem to state the opposite, investors in shale don't want growth anymore, they just want their money back after a decade of empty promises and two oil price crashes. https://www.ft.com/content/c21eb656-8d09-45ce-a13a-7d8419426b05

Oil heading to $100 over the winter IMO