IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
Agreed Slift. Hoping to see some word on a TEN redevelopment;
Ntomme far west - 180 mmbbls
Ntomme Core - 70 mmbbls
Tweneboa - 43 mmbbls
No idea why they opted to develop the most complicated field first when there is 300 million barrels in conventional turbidite reservoirs next door! Shows how poorly Tullow was managed in the past.
Tullow now have two rigs in field, it would be great to see 1 well/quarter (90 days is more than enough) in TEN and the same at Jubilee. That would add 80,000 barrels of additional production (instantaneous) and 20,000 year average rate.
Also, looking forward to an update on Guyana
Not sure how I missed this one but it's and interesting insight nonetheless.
https://www.bloomberg.com/news/articles/2021-11-09/kenya-to-raise-1-billion-in-debt-next-year-for-oil-project
Have to agree JMAX, Dorothy was dealt a bit of a rubbish hand on the back of a complete failure (borderline fraud) by Mcdade's. I'm surprised his names all but forgotten when discussing Tullows fall from grace. Although I think she could have been more diplomatic in the approach she took, she was at least honest with what the issues were at Tullow.
To slate her instead of pointing the finger firmly at McDade is a fallacy IMO
Hardly surprising given Bidens attack on oil since taking office. Is a strange juxtaposition hearing him talk about the end of oil in one statement and the outrage at gas prices in another.
Anyway, hopefully the US sell off the SPR and when they realise they have sold off their security, the real panic will set it
dividend guaranteed money. Price rising by more than that in a day... highly unlikely given performance, can certainly fall by more than that in a day though as has been seen but max 1% increase seems to be the norm followed by a 2% decrease the next day
Perhaps waiting on a flop in Kenya?? don't see that happening myself
The only thing I can think is it's the latest wave of graduate analysts that have read in a book somewhrere about the 2014 oil price crash/oil cycles, if that's the case then I'm afraid your far too early for an bear cycle in oil, the bull case still has potentially a year to go IMO
I genuinely don't understand the reason for shorting this. Regardless of how long they hold it down, the results should be phenomenal at these price levels... then we're into Guyana drilling next year.
Shorters are sleepwalking into massive losses
Plus given that Russia has been a key member in propping up the oil price. I can't see Saudi backing a U.S request because the whole OPEC+ organisation that has been instrumental in keeping oil producers profitable for nearly a decade would crumble
OPEC answers to OPEC not the U.S and the nominated leader is Iraqi not Saudi. In addition, Saudi orchestrated an oil price crash to bankrupt U.S shale companies in 2014, then refused to prop up U.S companies in 2020. Only when shale submitted and reduced their own supply did OPEC step in. Seems to me OPEC is concerned about OPEC, not what the U.S. ally of one member wants.
happy to wait and find out who's narrative is right though... personally, I can't see any of the OPEC+ nations stepping in to reduce oil price given that shale has finally given in and know OPEC have the sway to move the price $20-$25 with a single policy change.
nope... why would OPEC turn the taps on when the entire world has been saying OPEC is old news and they have had their day... The entire western world, Europe in particular has been rambling on about how obsolete oil is and how wind/solar is the future... I can't see OPEC 'turning on the taps' to rescue `Countries that have opposed their entire economy for years... Plus, when oil hit $20 last year, nobody was handing OPEC subsidies to save them... why would they do the same now?
On the shale side, statements from many Permian producers seem to state the opposite, investors in shale don't want growth anymore, they just want their money back after a decade of empty promises and two oil price crashes. https://www.ft.com/content/c21eb656-8d09-45ce-a13a-7d8419426b05
Oil heading to $100 over the winter IMO
I mean seriously... who actually writes this in an RNS
'laboratory analysis and results indicate that the oils recovered from both Jethro-1 and Joe-1 are heavy crudes, with high sulphur content. Tullow and the Joint Venture Partners are assessing the commercial viability of these discoveries considering the quality of the oil'
When people have invested for Guyana and Guyana alone, why drop that in there when Heavy oil with high sulphur is produced daily around the world.... Especially when serious volumes are produced just off the coast of Guyana in Venezuela
Orinduik was already IMO interesting given Hammerhead is thought to be the same heavy oil and Exxon are looking to develop it.
Difference was, Exxon is big enough to not have to say whether it's heavy oil or not and Tullow we're stupid enough to make out like it was worthless in the RNS.
Looking exciting here!
for those that scream lies whenever market manipulation Is mentioned. This goes a long way in explaining why oil price drops every day in London at around 3pm and then rises throughout the asian and U.S market. Hope they all get sentenced to 30 years in a U.S prison, investors have lost far too much when you consider this group has been pushing oil down, resulting in algorithms pushing down the companies that produce oil... I imagine billions have been lost to this scum
https://www.bloomberg.com/news/features/2020-12-10/stock-market-when-oil-when-negative-these-essex-traders-pounced