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Shpunken, I see you are in abusive mode again. Please make your point without name calling. : )
Here is your full post. It sounds like you don't like being reminded of what you post!
"Abusing? U r the one abusing facts... the drop is nothing but a gift for me, I couldn’t care less as I still believe we will drill this year... good luck to u as well, cutting and pasting twisted truth lol more than welcome to look at my history, I don’t ramp this stock I always tell the truth.. the fact still remains that nothing has been decided and the markets are in turmoil so companies like eco are the most vulnerable to swings atm.. I’d be happy if we drop to 20p, will just keep buying as much as I can"
Again, good luck ramping today. Get through today and you have the weekend break to think of some better ideas than keep buying no matter what!
EAS10
Depending on view of relative value, buying as it falls may be perfectly reasonable approach/advice.
My advice?.. where in that sentence did u see advice?.. what I do only concerns me, and am not advising anyone.. Tlw are more oversold than eco now, so that’s why I don’t know which to buy more of... again u r cutting and pasting facts and adding ur bull**** to it.. muppet
Spunken
That seems to be your only advice now - keep buying no matter what! Your post from the other day...
"I’d be happy if we drop to 20p, will just keep buying as much as I can"
Even now, still trading at more than twice end of year cash. I think I'll wait. Going to be a long year here.
Worst part is that I don’t know what to buy more of, eco or tlw...
saddo and a pr@ck, he will start ramping soon - lowest of the low
what a saddo
Shocking ?
No.......totally expected. Might even hit the teens over the boring summer months.............drip drip drip is what will happen, the bulls will run out of top up funds having purchased at 100p, 90p, 80p, 70p, 60p, 50p, 40p, 30p......and when they run out of money, the drop continues each time. As they say, never try to catch a falling knife......let it fall.
No Alexis, just reading some posts on tlw board and was just wondering
Thank you James
Tullow dont have covenants relating to cashflow.
They may actually be reserve based which increases the need for drilling.
Elgin, did they breach any debt covenants yet???
Amazing decline ... shocking
Just wondering if the banks call it a day on tullow what would happen regarding our block in Guyana
W, rns is out because they had to inform the market that the meeting they said would take place by the end of this month with total and tlw is delayed.
Tried to hide it with some known numbers..
'Total and Eco can proceed on their own' Seriously? Give it a rest. Not only are TLW the operator, they hold a majority stake in the licence and until that changes nothing will happen without TLW's say so. In any case, they're ahead of licence commitments and pausing for a year or two between exploration rounds is perfectly normal, so there are no grounds for junior partners to force TLW's hand, even if they had a controlling stake, which they don't.
Ask yourself one question, why release the RNS today? Was that necessary, thats not a rhetorical question.
Maverick
Total and Eco can proceed on their own and in a success case, that field is theirs and Tullow lose out. For Total itnis probably useful to have Tullow on board to do the admin etc of organising a drill.
However, note Total are taking on operatorship of Suriname acreage after next 2 drills with Apache so will soon need a greater presence in the area.
I'd like to think Africa Oil can bring the right experience to bear organising drilling logistics and funding but has to be worth their while.
FWIW- this area in time will likely be seen up by Exxon/Total, we are in Tullows vortex from their meltdown.
Eco has the funding to hang on for the prize but is beholden to the big boys games for now.
If I was Eco, I'd give Africa Oil generous terms to split fund a drill, pick a spot and get AO/Lundin to drill it. Total and Tullow can buy back down the line if they choose but it will cost significantly more than the drill does.
Not sure Eco will do so though.
Said weeks ago this was heading back below 18p a share
IJT - yep agree with what you say but it looks like TLW are a basket case and have no CFO or CEO. They need those positions filled to agree anything with TOT.
It will be interesting to see if ECO, Africa Oil and TOT do something themselves, but can they do that if they aren't the operator. Cant see TLW offloading in a farm out without a CEO and they wouldn't want to farm out at stupid levels.
Anyway good price entry and to top up.
They're not shooting new seismic and then.processing that, they are incorporating new info to the existing seismic models. This doesnt take a year but Tullow are so screwed they appear to be kicking the can down the road to a late Q4 drill that would mainly come from 2021 budget.
It is up to Eco now if they can persuade Total to drill as a duo on one of the prospects.
Fundamentally, when they drill I believe they will successfully prove the light sweet oil and I'll be adding at these.levels and below/above between now and then as much as funds permit.