Tullow Oil mit Exploration in Uganda (Seite 6)
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| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 75,38 | +19,99 | |
| 5,2000 | +9,47 | |
| 1,0600 | +8,16 | |
| 7,3300 | +7,79 | |
| 0,5300 | +7,72 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 11,000 | -13,39 | |
| 1,2501 | -15,25 | |
| 1,4000 | -18,13 | |
| 12,510 | -27,27 | |
| 9,3500 | -28,02 |
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Ich empfehle vorab die letzten Ereignisse die Firma betreffend und aktuelle Eischätzungen zu studieren.
Es war ja durchaus Einiges los...
Die entsprechenden Infos sind u.a. zu finden auf finanznachrichten.de.
Es war ja durchaus Einiges los...
Die entsprechenden Infos sind u.a. zu finden auf finanznachrichten.de.
Hat jemand eine Einschätzung wie lange Tullow einen so niedrigen Ölpreis durchhält? Wir notieren ja hier fast auf Insolvenzniveau. Der Kurs sieht verlockend aus.
Antwort auf Beitrag Nr.: 62.757.604 von texas2 am 22.02.20 16:07:00Nachdem die opec+ russen den opec saudis am fr in wien einen korb bei der produktionskürzung gegeben haben drehen die saudis jetzt den ölhahn mit billigem öl vollauf. Erwarten kann man ein desaster beim ölpreis und tlw wird mitgerissen werden, verstärkt durch den corona strudel.
https://www.middleeasteye.net/users/mee-staff
https://www.middleeasteye.net/users/mee-staff
Antwort auf Beitrag Nr.: 62.650.027 von texas2 am 11.02.20 19:59:56Tullow hopeful of Kenya FID this year
21 February 2020 PE I. Lewis
The operator remains positive, but the future of Kenya’s first oil development remains very uncertain
Tullow Oil says that FID on the Turkana oil development in northern Kenya is still possible by the end of the year. However, the project’s operator has said it needs to farm-down at least part of its 50pc stake if the project is to proceed and the cash-strapped company could yet exit the project altogether.
Tullow and its partners Total (25pc) and Canadian-registered Africa Oil Corp (25pc) had hoped to take FID by the end of 2019. This was put back due, in part, to a lengthier-than-expected process by the Kenyan authorities. Heads of terms with the government, covering legal, tax, transportation and regulatory issues, were signed in June 2019.
Besides oil production in the remote Turkana region’s South Lokichar Basin, the development includes an 820km pipeline to the coast at Lamu. The total cost could run to more than $3bn.
Tullow spokesman George Cazenove says the company believed the project was making headway and FID in 2020 was possible. “It is progressing. Our two targets are to farm-down our stake and to get FID done by the end of the year. We are on track for both and, while the FID is ambitious, it is doable,” he tells Petroleum Economist.
Challenges mount
Making major progress will be challenging. Tullow stated last year it wanted to reduce its stake in blocks 10 BA, 10 BB and 13T to around 30pc, while Total is seeking to reduce its stake by around half. The firms are working with French investment bank Natixis to coordinate a joint sale.
The project’s future has been further complicated by Tullow’s dire financial position, exacerbated by production problems in Ghana and poor exploration results in Guyana. This led to the departure of chief executive Paul McDade and exploration director Angus McCoss in December, and a collapse in the company’s share price. The outcome has been swingeing cutbacks in spending and staff levels globally, including in Kenya where Tullow’s local workforce is being reduced by some 40pc.
“Our two targets are to farm-down our stake and to get FID done by the end of the year. We are on track for both” Cazenove, Tullow Oil
The government, nonetheless, remains upbeat. Petroleum principal secretary Andrew Kamau has said he believes Tullow’s problems outside of Kenya will not adversely affect investment in the project.
However, it is not certain that Tullow would restrict its farm-down to a 20pc stake, given its need for cash, and could even sell its entire stake in the project if it can find a buyer, according to industry sources close to the project. Should Tullow relinquish its role as operator, further delays to the project seem likely.
Total is unlikely to be a contender to take over, given it has been seeking to cut its stake. It had never been a strategic investment for Total, having inherited it through its acquisition of Maersk Oil. Maersk originally acquired the stake through a farm down from Africa Oil, which has been investing more heavily in other areas of Africa.
All outcomes are believed to remain on the table, including Tullow’s continued operatorship and the partial sale of the Tullow and Total stakes to one or more buyers.
If a 2020 FID does look possible, Tullow would be reluctant to give up on a stake in a project which could be generating badly needed oil revenues for it in 2023-24, assuming pipeline construction starts in 2021. The blocks, which are estimated to hold around 560mn bl of proven and probable (2P) reserves, are seen producing c.30,000-40,000bl/d initially, potentially rising to 100,000bl/d.
Early oil pilot on hold
Meanwhile, an early oil pilot scheme (EOPS) to take small quantities of oil already produced in the South Lokichar Basin to Mombasa by truck remains suspended, after roads in northern Kenya were washed out by flooding in January. They will not be resumed until all parties are happy the roads have been repaired to a safe standard. The first cargo of South Lokichar crude (240,000bl) was exported from Mombasa in August 2019. Around 150,000bl from the EOPS are currently in storage in Mombasa.
21 February 2020 PE I. Lewis
The operator remains positive, but the future of Kenya’s first oil development remains very uncertain
Tullow Oil says that FID on the Turkana oil development in northern Kenya is still possible by the end of the year. However, the project’s operator has said it needs to farm-down at least part of its 50pc stake if the project is to proceed and the cash-strapped company could yet exit the project altogether.
Tullow and its partners Total (25pc) and Canadian-registered Africa Oil Corp (25pc) had hoped to take FID by the end of 2019. This was put back due, in part, to a lengthier-than-expected process by the Kenyan authorities. Heads of terms with the government, covering legal, tax, transportation and regulatory issues, were signed in June 2019.
Besides oil production in the remote Turkana region’s South Lokichar Basin, the development includes an 820km pipeline to the coast at Lamu. The total cost could run to more than $3bn.
Tullow spokesman George Cazenove says the company believed the project was making headway and FID in 2020 was possible. “It is progressing. Our two targets are to farm-down our stake and to get FID done by the end of the year. We are on track for both and, while the FID is ambitious, it is doable,” he tells Petroleum Economist.
Challenges mount
Making major progress will be challenging. Tullow stated last year it wanted to reduce its stake in blocks 10 BA, 10 BB and 13T to around 30pc, while Total is seeking to reduce its stake by around half. The firms are working with French investment bank Natixis to coordinate a joint sale.
The project’s future has been further complicated by Tullow’s dire financial position, exacerbated by production problems in Ghana and poor exploration results in Guyana. This led to the departure of chief executive Paul McDade and exploration director Angus McCoss in December, and a collapse in the company’s share price. The outcome has been swingeing cutbacks in spending and staff levels globally, including in Kenya where Tullow’s local workforce is being reduced by some 40pc.
“Our two targets are to farm-down our stake and to get FID done by the end of the year. We are on track for both” Cazenove, Tullow Oil
The government, nonetheless, remains upbeat. Petroleum principal secretary Andrew Kamau has said he believes Tullow’s problems outside of Kenya will not adversely affect investment in the project.
However, it is not certain that Tullow would restrict its farm-down to a 20pc stake, given its need for cash, and could even sell its entire stake in the project if it can find a buyer, according to industry sources close to the project. Should Tullow relinquish its role as operator, further delays to the project seem likely.
Total is unlikely to be a contender to take over, given it has been seeking to cut its stake. It had never been a strategic investment for Total, having inherited it through its acquisition of Maersk Oil. Maersk originally acquired the stake through a farm down from Africa Oil, which has been investing more heavily in other areas of Africa.
All outcomes are believed to remain on the table, including Tullow’s continued operatorship and the partial sale of the Tullow and Total stakes to one or more buyers.
If a 2020 FID does look possible, Tullow would be reluctant to give up on a stake in a project which could be generating badly needed oil revenues for it in 2023-24, assuming pipeline construction starts in 2021. The blocks, which are estimated to hold around 560mn bl of proven and probable (2P) reserves, are seen producing c.30,000-40,000bl/d initially, potentially rising to 100,000bl/d.
Early oil pilot on hold
Meanwhile, an early oil pilot scheme (EOPS) to take small quantities of oil already produced in the South Lokichar Basin to Mombasa by truck remains suspended, after roads in northern Kenya were washed out by flooding in January. They will not be resumed until all parties are happy the roads have been repaired to a safe standard. The first cargo of South Lokichar crude (240,000bl) was exported from Mombasa in August 2019. Around 150,000bl from the EOPS are currently in storage in Mombasa.
Antwort auf Beitrag Nr.: 62.649.946 von texas2 am 11.02.20 19:55:27Tlw hat ein 20 Jahre Kurstief und der Chef von Total will Tlw nicht kaufen, obwohl man meinen könnte, dass die Tullow Öl und Gasfelder gut ins Total Portfolios passen würden. Hmm?
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Antwort auf Beitrag Nr.: 62.559.121 von texas2 am 02.02.20 18:33:54https://www.reuters.com/article/tullow-ma-total/total-chief-…
Antwort auf Beitrag Nr.: 62.538.437 von Silversurfer75 am 30.01.20 22:18:32Wollte ebenfalls diesen Artikel mit folgendem Kommentar posten:
So what do we know of Samuel Dossou-Awoert.
We know that by Tuesday 17th December he had amassed 7% of the shares in Tullow.
We know that the Benin native co-founded a pan-African exploration company called Energy Africa in 1994, was acquired by Tullow Oil 15 years ago for $500 million (€448 million). The transformational deal doubled the size of Tullow at the time, giving it assets from Ghana to Namibia along the west coast of Africa.
We know that on Jan 24 he raised his stake again to 9.67% from an earlier stake on 7.06%.
We know his original holding stemmed from shares he received as part payment for the sale of a company called Energy Africa to Tullow Oil for $500 million (€454 million).
We know in early December Tullow Oil’s acting chief has said the company is open to takeover offers in light of its shares plummeting by nearly 72% on it cutting its production outlook, suspending dividend payments, and parting company with its CEO and exploration director.
We know he said this recently about Tullow....“This is my baby,” Mr Dossou-Aworet said from his office in Geneva on Tuesday. “Even if it is not a first class company today I believe it can be. It is about people. A company is about people and assets. And I am confident in the assets.
We know that on 31st January he AGAIN increased his stake to 11%.
We know that the Times has said a source had talked about a low ball offer for the company.
What do dont we know ?????
Hawkey
Bleibt auf jeden Fall spannend in Kombination mit den Ölpreisschwankungen.
So what do we know of Samuel Dossou-Awoert.
We know that by Tuesday 17th December he had amassed 7% of the shares in Tullow.
We know that the Benin native co-founded a pan-African exploration company called Energy Africa in 1994, was acquired by Tullow Oil 15 years ago for $500 million (€448 million). The transformational deal doubled the size of Tullow at the time, giving it assets from Ghana to Namibia along the west coast of Africa.
We know that on Jan 24 he raised his stake again to 9.67% from an earlier stake on 7.06%.
We know his original holding stemmed from shares he received as part payment for the sale of a company called Energy Africa to Tullow Oil for $500 million (€454 million).
We know in early December Tullow Oil’s acting chief has said the company is open to takeover offers in light of its shares plummeting by nearly 72% on it cutting its production outlook, suspending dividend payments, and parting company with its CEO and exploration director.
We know he said this recently about Tullow....“This is my baby,” Mr Dossou-Aworet said from his office in Geneva on Tuesday. “Even if it is not a first class company today I believe it can be. It is about people. A company is about people and assets. And I am confident in the assets.
We know that on 31st January he AGAIN increased his stake to 11%.
We know that the Times has said a source had talked about a low ball offer for the company.
What do dont we know ?????
Hawkey
Bleibt auf jeden Fall spannend in Kombination mit den Ölpreisschwankungen.
zum Unglück kommt Pech(?) auch noch dazu:
2.1.2020
Tullow Slumps After Guyana Oil Find Is Smaller Than Expected
https://www.bloomberg.com/news/articles/2020-01-02/tullow-di…
• Net pay of Carapa-1 well is lower than the pre-drill forecast
• Preliminary interpretation of results shows light oil in field
...
https://www.marketscreener.com/TULLOW-OIL-9590152/?type_rech…
2.1.2020
Tullow Slumps After Guyana Oil Find Is Smaller Than Expected
https://www.bloomberg.com/news/articles/2020-01-02/tullow-di…
• Net pay of Carapa-1 well is lower than the pre-drill forecast
• Preliminary interpretation of results shows light oil in field
...
https://www.marketscreener.com/TULLOW-OIL-9590152/?type_rech…
Hier noch einmal die Mitschrift von der Tlw Konferenz mit den reduzierten Förderprognosen = reduzierte Geld das verdient wird für 2020.
https://www.tullowoil.com/Media/docs/default-source/Media/tu…
https://www.tullowoil.com/Media/docs/default-source/Media/tu…
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