Member Info for Deeko19

The a development of Kenya and proving up the Cretaceous light oil play in South America. Tullow really does have potential, particularly now oil demand will skyrocket as energy generators are switch from gas to oil due to cost saving

Just waiting for Tullow to bring that second drill rig out. 5 producers wells a year would be phenomenal for Ghana production at an average of 4000 bopd net to Tullow.

On a 2% increase in oil. Laughable the London market

BloodyRedBarron… looks like my narrative is correct at the minute :)

https://www.ft.com/content/ccd6f6d6-6045-4f0c-8638-9b0e01fee1c5

‘Opec snubs calls for increased production from White House’

Point being even Kraken isn’t a field to get overly excited about. The basins pretty much fully explored so no additional fields to find in the region. Not much additional capacity for anything they do find at the FPSO etc. P.s I hold nothing against ENQ, like I said they have a strategy and it works but Tullow is clearly worlds apart from them in terms of assets and upcoming projects.

I’m not sure why your trying to even draw comparisons

January, ENQ are ok. Nothing particularly special or great. They buy old assets, drill a few infills, opex and that’s it. Good strategy but nothing exceptional. Serica are better at doing it IMO. The best asset they have in the pipeline is Bentley which isn’t a blockbuster.

Tullow have a pipeline of prospects in Guyana, next door to Exxon’s 9 billion barrel block and also partnered with repsol in another that’s already penetrated a reservoir pinch out with a light oil column. Plus Kenya in the pipeline. That’s why I’m here, not for crusty old NS assets and never ending outages on old infrastructure.

Want to push this sub 40p… daylight robbery at this point.

It’s nothing to do with leaky news. This isn’t a 6 million Mcap company that puts news out to cause fluctuations. It’s pure market manipulation, the price is being driven down to create impatience, that impatience leads to frustration, leading to people selling which in turn leads to a depreciated share price.

A simple RNS from the board would likely solve this, ‘the company knows of no reason for the 30% decrease in the share price. Reiterates the forward plan and liquidity and possibly a drilling update and production update’ end off, case closed… calm is restored.

Unfortunately whoever is causing the drop knows the BoD can’t be arsed

Point being that they should… what with it being their actual job!

Honestly I’m struggling to understand the mentality of ‘we don’t care if the share price goes down’… it’s strange but we’ll agree to disagree on that one.

Scroding, agreed on the 9 days! And I very much hope I’m singing a very different tune by then.

Guess we will see

Anton, give it a rest… a BoD should only be concerned with share price appreciation to bring value to share holders both short and long term. It’s actually the whole point of the market.

If Tullow were to IPO today with the tag line ‘not concerned with short term share price movements of -33%’ would you honestly think they would get a successful IPO.

Sorry but we only have a handful of producing assets and we employ technical experts to manage those. The BoD are decision makers on very few decisions and should be allocating more time to champion the company

Drilling plans are already available. Seems Repsol
Are drilling too, either end of this year or mid 22 on the other block…. No word from Tullow though once again on this

Another penny knocked off the share price in the face of rising Brent prices. YAWN

This shares become nothing but a vehicle to transfer wealth from the majority to the minority. The BOD are doing nothing to even acknowledge it and with that I’ll be out once I reach breakeven. Unfortunately I don’t have infinite patience unlike whoever giving this share death by a thousand cuts

Your about 16 months too late… :)

There would be lots of money in owning the pipeline which I’m sure Tullow are considering but if it’s development or no development. I’d rather they outsource it.

I’d like to see a phased development. Why don’t they bring in a 3rd party to build the pipeline and pay a tariff to the operator. Once the pipeline is payed this should be a cheap as chips onshore field, wells should be cheap, facilities can be phased ect.

Crazy to not get this developed imo

I actually think Tullow owning the pipeline would be a good move. Opens up the basin to additional oil plays that would have to transport their production via the Tullow pipeline. Brings back memories of BP and the forties pipeline, for many decades the forties commission was the most profitable part of BP NS business

The pipeline is significantly cheaper for Kenya as opposed to Uganda. $3.6 billion for the Uganda pipeline, $1.1 billion for Kenya.

The main point there wasn’t the name of the field. But point noted, It’s been a long time.

Also - Mavrick, can’t believe your still in sqz. Might make my way back over there soon, surely an acquisition is long over due