Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Production is up to 65,000 a day now !! jubilee has just come online pumping over 100,000 bopd.
@gogadget listen from 15.25
https://lumiagmukstreams.s3.eu-west-2.amazonaws.com/Archive+2023/Tullow+Oil+plc+HY+Results+2023.mp4
Https://lumiagmukstreams.s3.eu-west-2.amazonaws.com/Archive+2023/Tullow+Oil+plc+HY+Results+2023.mp4
Really Good Presentation especially the debt reduction plans. good questions at the end. im very impressed.
did you know our average production (right now) is 65,000 bopd, 20% higher than 1st half.
Most people who sold have bought back in today. Give me a like if that's you.
2016 debt $4.89b
2017 debt $3.6b
2018 debt 拢3.21b
2019 debt $3.07b
2020 debt 拢3.17b
2021 debt $2.56b
2022 debt $2.47b
Debt now $1.9b
end of 2023 debt $1.7b
2024 $1.3 guess
2025 $800m guess
Tullows sp will keep rising with high oil prices.
Great time to do options. it's up from here ^^
6p is crazy cheap for this stage. should see 10-12p again.
Too much interest in this. Prize is massive
Brent oil is $90
Nothing to do with the North Slopes. Its regarding the wildlife reserve in the Arctic
88e sp will rise if anything as other have limitations as 88e don't
History suggests upside when drilling as the Prize is massive. No more placements. When it's ready to go people will be jumping in just like last time. seen it all before.
https://www.google.com/finance/quote/HE1:LON?window=MAX
Warren Buffett once said that it is wise for investors 鈥渢o be fearful when others are greedy and to be greedy only when others are fearful.
There was a HE1 placing on the 16th April 2021 https://www.lse.co.uk/rns/HE1/placing-and-subscription-to-raise-16310-million-0yqbbubbkr72spc.html
The SP ended UP on the day of placing and then 14 days later the SP Doubles from 10p to 20p. see for yourself
https://www.google.com/finance/quote/HE1:LON?hl=en&window=5Y
so being conservative now, the sp target drilling should be 11p
SP should move up sharply now.
Each $1 Oil gives tullow around $20m extra a year
https://www.dailyfx.com/crude-oil live oil price.
Operations update
路 First half 2023 Group production averaged c.53 kboepd. Net production in the first half of the year from the Jubilee and TEN fields averaged c.28 kbopd and c.11 kbopd, respectively, and net production from Gabon and C么te d'Ivoire averaged c.14 kboepd. Full year group guidance remains unchanged at 58-64 kboepd.
路 Jubilee South East (JSE) is due onstream imminently. Three JSE producers and one JSE water injector are expected onstream this year to help sustain gross Jubilee production over 100 kbopd. Tullow and its Partners plan to maintain this increased level of production at Jubilee over the next few years through an ongoing infill drilling programme. Future drilling locations have been identified to further extend this plateau and realise the full potential of the significant Jubilee resource base.
路 Planned TEN shutdown is underway, seeking to improve gas handling and support reduced flaring. The amended TEN Plan of Development is being finalised following good engagement with the Government of Ghana.
路 Production efficiency across the TEN and Jubilee FPSOs has been high, averaging 97% uptime in the first half of 2023.
路 Commercial terms for the long-term gas sales agreement are under discussion with the Government of Ghana. The agreement will not only enhance energy security in Ghana but also add another revenue stream for Tullow and result in the addition of c.150-200 bcf of net gas reserves on TEN.
路 Approval has been received from the Government of Gabon for the cashless asset swap agreement announced in April. The asset swap with Perenco optimises Tullow's equity ownership and places the Tchatamba facilities as a core production hub for the Group.
Financial update
路 Total revenue in the first half, including the cost of hedging, of c.$0.8 billion at a realised average oil price of c.$81/bbl before hedging and c.$74/bbl after hedging.
路 Capital expenditure of c.$200 million in the first half; full year capital expenditure guidance remains c.$400 million.
路 Decommissioning expenditure of c.$40 million. Full year guidance is reduced to c.$70 million due to deferrals into 2024. As previously announced, a further c.$20 million will be paid into escrow in 2023 for future decommissioning obligations in Ghana and Gabon.
路 Free cash flow of negative c.$100 million in the first half, in line with expectations. Significant reversal expected in the second half of the year, with c.$200 million free cash flow generated at $80/bbl. Full year free cash flow guidance remains unchanged at c.$100 million at $80/bbl. **** THE OIL PRICE IS $89 !! NOW NOT $80 !!******
路 Purchase of c.$166 million of the 2025 Notes for c.$100 million cash consideration announced in June, delivering value accretion of c.$86 million from a combination of a c.$66 million net debt reduction and coupon savings to maturity of c.$20 million.
路 Gross debt reduced by c.$266 million in the first half of 2023 through a combination of the 2
$89 Oil is incredible for Tullow. Looking so good !
Annual earnings is expected to grow at 45.5% per year.
EPS is expected to grow by 38.9%. Return on equity is forecast to be 62% in 3 years.
average prediction of Tullows Earnings this year end is forecasted $329m which should double our market cap.
see the facts here https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares/future
IG sentiment data shows that 95% of clients with open positions on the share (as of 5 September 2023) expect the price to rise over the near term.
Below Fair Value: TLW (拢0.38) is trading below estimate of fair value (拢0.72)
Trading at 47.2% below our estimate of its fair value
TLW's earnings (45.5% per year) are forecast to grow faster than the UK market (10.4% per year).
Future ROE: TLW's Return on Equity is forecast to be very high in 3 years time (62%).
Tullow valuation 72p (based on 6 analysts)
see for yourself: https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares/valuation
Https://www.dailyfx.com/crude-oil
Tullow will be printing money
Tullow SP is going to sky rocket !!