Tullow Oil mit Exploration in Uganda (Seite 8)

[honigbaer]

Ich dachte schweres schwefelhaltiges Öl sei derzeit gefragt, weil die Förderung Venezuelas immer geringer wird und die Rafinerien teils genau auf diese Sorten ausgelegt sind.

Was sind den Tullows Perspektiven für Guyana, was die Fördermengen anbelangt?

[ralfho]

Leider ist der Kurs schon abgeschmiert.
https://de.reuters.com/article/mrkte-idDEL8N27T24E

[texas2]

Weniger Öl als progostiziert in Ghana gefördert, in Guana stellt sich der Fund als "nur schweres, Schwefel haltiges " und damit weniger wertvolles Öl heraus, in Uganda blokieren nach wie vor die Politiker einen guten Farmout Deal für Tlw was die jahrelange Verzögerung bis zum ersten kommerziell produzierten Öl mit bewirkt, in Kenia will Tlw ebenfalls einen Teil ausfarmen ergibt heute unterm Strich rund minus 30% beim Aktienkurs.
FTSE 250 - LOSERS
Tullow Oil, down 22%. The oil and gas company once again warned production will miss targets following continued operational problems in Ghana. The firm also, alongside partner Eco Atlantic Oil & Gas, has reported the presence of heavy crude oil in wells in Guyana, containing high levels of sulphur. For 2019, the Chiswick, London-based oil producer sees production averaging 87,000 barrels of oil per day. In July, Tullow had warned production was likely to be between 89,000 barrels and 93,000 barrels, lower than the 90,000 barrels to 98,000 barrels initially guided. The company said the lower than forecast production is mainly due to topside issues at the Jubilee field, which has constrained water injection and gas handling, as well as the suspension of a well at the TEN field. Both fields are off-shore Ghana, West Africa. "Given the group has recently started paying a dividend, but still has some work to do on debt reduction, that's far from ideal. Throw in troubles closing a deal to reduce its stake in oil fields in Uganda, and 2019 is turning into a bit of an annus horribilis for Tullow shareholders," said Hargreaves Lansdown's Nick Hyett. Eco Atlantic was down 50%.

[honigbaer]

Die Guyana Ölstory wurde kürzlich hier aufgegriffen:
https://www.boerse-online.de/nachrichten/aktien/guyana-aufst…

[texas2]

Antwort auf Beitrag Nr.: 60.011.411 von TommyX11 am 04.03.19 07:09:11

https://www.tullowoil.com/Media/docs/default-source/3_invest…
Dann hoffen wir dass die anderen Leads/Prospects in diesem Block ebenfalls voll Öl sind.

[TommyX11]

https://seekingalpha.com/article/4245791-tullow-oil-2018-low…

[texas2]

Antwort auf Beitrag Nr.: 59.859.457 von TommyX11 am 13.02.19 08:25:43

Fast 2 mrd $ Erlöse, Gewinn nach Steuern von noch schwachen 85 mio $, Die Verschuldung mit 3 mrd $ noch immer hoch aber übersichtlicher, und es wird eine 4,8 Cent dividende angekündigt, wir können in diesem Jahr die 100.000 bblpd überschreiten und einige interessante Projekte in der Pipeline sowie einige Enttäuschungen wie Uganda.

Für mich durchwachsen wenn es aber so bleibt könnte es endlich der Anfang eines nachhaltigeren Turnaround sein, wenn der Ölpreis mitspielt.

[TommyX11]

Ganz schön ruhig hier:

Heute wurden die Jahreszahlen 2018 veröffentlicht, super Zahlen, speziell FCF von 411M. Dividende wird auch ausgeschüttet.

2018 FULL YEAR RESULTS summary

· Revenue of $1.9 billion; corporate Business Interruption insurance proceeds of $188 million

· Gross profit of $1.1 billion; profit after tax of $85 million; free cash flow of $411 million; opex reduced to $10/barrel

· Year-end net debt of $3.1 billion, $1 billion headroom; gearing of 1.9x; no near-term maturities

· 2018 capital investment of $423 million; 2019 forecast of $570 million

· Sustainable capital returns policy announced in November; 2018 final recommended dividend of 4.8¢/share (c.$67 million)

· West Africa 2018 net oil production averaged 88,200 bopd; 2019 forecast 93,000 - 101,000 bopd

· Principles agreed with Government of Uganda on CGT; completion of farm-down to follow

· JV Partners targeting Uganda development FID around mid-year; Kenya development targeting end 2019 FID

· Guyana exploration drilling to commence in mid-2019 with a three-well programme planned

[texas2]

Thu, 29th Nov 2018 07:53

* Plans to pay out at least $100 mln from 2019
* Froze dividends in 2015

* Eyes one-off dividend for 2018 (Adds details from capital markets day)
By Shadia Nasralla
LONDON, Nov 29 (Reuters) - Africa-focused Tullow Oil will return to paying dividends, which it suspended in 2015 due to the oil price crash, and expects to pay out at least $100 million from 2019 with an option for a special dividend for this year, it said.
Tullow forecast its net debt would drop to $2.8 billion by the end of the year and slightly raised its full-year free cash flow to $700 million earlier this month, helped by trimming its capital expenditure.
Tullow has around 1.39 billion outstanding shares, according to Refinitiv Eikon data, implying a dividend of at least around $0.07 per share.
"Having reached our target of being a balanced self-funding exploration and production business and having embedded cost discipline across the group, this is the right time to reinstate a dividend and focus on our plans for growth," Chief Executive Paul McDade said in a statement on Thursday.
The dividend will be paid on a semi-annual basis based on the free cash flow Tullow makes while keeping debt and investment in mind, it said, adding the board will look at other types of returns to shareholders if cash abounds.
"With respect to the 2018 financial year, the board will review the potential for a one-off ordinary dividend after the year-end financial close," Tullow said.
Tullow, with a market cap of around 2.5 billion pounds ($3.2 billion), had raised the possibility of returning to paying dividends in April.
Tullow plans to spend $570 million next year, at the upper end of its $200-$600 million capital expenditure range.
At a capital markets day, McDade told reporters plans for final investment decisions on its East African ventures in Uganda in the first half and Kenya at the end of next year still held.
He said the company was driving to complete a farm-down - or the sale of a share in its rights over a discovery - in Uganda to Total by the end of this year, but declined to put a probability on that timeframe.
As for the pipeline project in Kenya that would carry oil from onshore fields to the port of Lamu, he said if all commercial and ownership questions were settled by the third quarter of 2019, a final investment decision would still be possible by the end of that year.
In addition to its fields in Ghana, where it will reach gross plateau production of 180,000 barrels per day over the coming weeks, the East African ventures are due to boost Tullow's output by around 50 percent to 150,000 bpd from the early 2020s.
Tullow also plans to drill three wells offshore Guyana next year in one of the world's most-watched basins. ($1 = 0.7792 pounds) (Editing by Adrian Croft and Dale Hudson)


(c) Copyright Thomson Reuters 2018. Click For Restrictions - https://agency.reuters.com/en/copyright.html

[ralfho]

warum ist die Aktie so fürchterlich abgestürzt in den letzten Monaten ? Der Ölpreis hat sich ja auch nicht so schlecht entwickelt.