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Have just done a test buy for 100k and cant get a price so this doesn't look like it is available to buy at this level.

This is getting beyond ridiculous, even with the sulphur Jethro is worth more than the current SP!
Gil is in town next week as I understand so didn't expect CPR until then.....something weird going on but given Colin Kinley comments about well defined prospects this is unlikely to be CPR linked IMV.

Perry
Nothing moronic about what you say, I'm gaming different scenarios about potential ways partners may bring Tullow forward on drilling as it benefits all if this can be achieved. That I think will be the driver, it benefits all so can a mutually agreeable solution be achieved

I wonder if Total and Eco might look to strike a deal with Tullow giving each a deferred consideration in the block for taking Tullows share of funding costs on the drill. This could work similarly to Total farm out to QP a side agreement until Guyana is minded to ratify essentially.
For 2 drills Tullow cost is c.$35m, Eco need around $9m.
Putting $5 up against Totals $30m where Tullow cedes c.20% of the block (giving Total de facto operatorship) would increase Eco share to around 18% and Total 42% with Tullow on 40%.
That gives Tullow enough to still farm down 20% to another major for a carry and funding for a drill that may increase the value of their Kanukku block also in farm down terms.

Malcy still suggesting an expectation of an appraisal well (Jethro) and exploration well in 2020.
Believes issues still a problem at Tullow but Guyana one of the key areas in their portfolio.
Waiting for revised CPR before making a call on where Eco will go.

Tornadotony
I see what youre aiming at but it is not quite so straight forward. To say the 70p drop from 235p to 165p is Guyana related is to presume that Guyana was being valued at £900m plus prior to any drilling.
However, Tullow was at 189p in Jan 2019 and 207p just before the **** hit the fan and traded fairly consistently in and around that range in the interim.
The drop in value was shorters jumping on the bad news bandwagon, a phenomenon which alas exacerbates any bad market news nowadays. Their.management of production shortfalls was cack handed and their management since of comms not great.
It is impossinle to say what was attributed to Guyana and how much to production woes.
It is possible to see the value of the Apache farm out and what such a deal could mean to Tullow on either Guyana licence. Headroom for debt repayment, some extra drills and a carry on a field which may be capable of producing 200k bopd inside 2 years with a fair wind.
That adds significant cashflow in the 3-5 year forecast and improves NPV quite some margin.
Total are paying around $3.75bn in carry to Apache in Suriname that is.of huge value on fields that maybe cost $2.5bn to take to.production...

Let's agree to disagree EAS10

Someone below mentions 2 of the key drivers of a share price - Fundamentals and Sentiment.
Sentiment is the one that drives excessive peaks and troughs as Tullow is currently experiencing the latter. So on sentiment, how does one move the dial on the fundamentals to drastically change sentiment in this stock - Uganda, Ghana, Guyana - all 3 what is the priority and number one action management should be taking?

Proselenses
As ever time will tell.
Any profit is a good profit and you're theory about a 20% loss is a good investing practice. Same goes for booking profits once they start getting above 20%.
Understanding potential black swans is important.
However, here.much of the downside is priced in - Tullow and Eco could easily sell any Hammerhead interest to Total/QP to fund a drill and still retain the lions share of the block. Hammerhead being a discovered commercial resource that has been subject to unitisation talks.
They can fund from E&P budget or through farm down and there.will be push to drill.
Tullow SP still not moving so they need a catalyst or the next layer of management is at risk from a new.broom.
Hmm what might thay catalyst be.....Uganda no longer in 'held for sale' bucket....what else do they have....

Anyone care to hazard a few guesses:
A) what size is Hammerhead with 3.FPSO to appraise?
B) how much is on our block?
C) at $4-6 a barrel what does that equate to for current share price?

Down to 65c and straight back up, stop loss hit perhaps.
Hope that doesn't equate to a CPR Monday as was going g to invest is some more.

Much of the commentary around Liza is how quickly Exxon have brought the field to production. Now a repeatable, scalable process so new fields cheaper from FEED perspective and quicker to being to production
ExT I think that reads across to HUR in the opposite way, how.long with their FID and then how long to build.

Good to see the current malaise in the share.price doesn't stop the directors and managers getting their nose in the trough.

Shpunken
It isnt even Gil I'm taking a steer from on darling expectations, it is thinking strategically what the biggest bang per dollar is you can get as Tullow is to drill.

What would the shareholders prefer, a Cretaceous drill or 2 with 35% plus likely CoS or to have the value of their holding cut in half by a placing. The market cap of the business was £4bn only 3 months ago so having the value of your stake in it further reduced will appeal to nobody when less drastic options are clearly on the table.

Phoebus
Simply a difference of opinion, interestingly Tullow hasn't stated the option is December but that is the slant you put on it such that you can then talk about slipping to 2021.

Time ultimately will tell but this is the biggest potential prize in Tullows portfolio and they need good news.

Tullow presentation states a potential drilling option in 2020 for Guyana. This is what started the discussion.

EAs10
Look at your post of 16 Jan berating people for suggesting Tullow may drill.
"...it's unlikely, straight from the COO cant be any clearer than that..."
Now in the presentation it is possible that is a change in language and intent. Within a week.
The market still not rerating the share so how do they get that rerate - show they have 1.8bn barrels of likely Cretaceoys light sweet on Orinduik and 37.5% of however much of the light stuff Kanukku holds - by drilling.
So the needle has moved on what may happen.

John Hess indicated in their experience that in their experience the oil gets heavier as you move in shore. The questioner did not ask for clarification whether this was a geological anomoly or not.
Now, their going gung ho at production/FEED/FID so it clearly is of little concern to them.
Kumakka is aligned to many of their drills for distance from shore and is in the cretaceous and straddles both Tullow licences in Guyana.
The money spent on Hammerhead indicates they believe it is commercial but it cost more in appraisal to ensure the characteristics across the field.
This is by some distance the best opportunity open to Tullow and as their other strategy options fail to move thr SP, it becomes the key catalyst for them to make their own jobs safe. Higher oil prices/better tha guided production will give wiggle room on cashflow and there is $30m or so unallocated in their exploration budget at this point in time.
Unlikely last week has moved to possible this week - due to the strategic imperatives it will I think continue to increase in probability and pulled further forward.
Both share prices reacting well so far.

Extrader
Even after initial testing at Hammerhead, Exxon were happy enough with the results to select 3 locations for extended well testing to drive FEED for how a production system may look. Why - likely to confirm the.mobility of the heavier oil across the length of the field, along with temperature and over.pressure being consistent allowing them to evaluate how the field will work as a producer.
Hammerhead came after many other drills but the partners remain excited by its potential and have confirmed it is heavier than their other (Cretaceous) drills.