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Excellent results lots of improvement
nicely done Anton. I concur with your sentiment.
If you're down, then I apologise ... always easier to be more relaxed when it dips if you're up. Hopefully, you don't have too much further to go to break even and can also get something out of this for all your pain and patience. I really think we're headed to £1 and beyond.....
I am just saying I have seen this many times before....BTW I was in Tullow on the drop so am massively down. I genuinely want it to rise but the markets are so hard to read (or more likley I am an amateur).
Jeffrey1979 I think you’ll find it’s the other way round, Dow Jones will be up and oil price will continue to rise and Tullow will continue to move north again
Jeffrey ... you're just a ray of sunshine aren't you ..... do you remember when you said this:
"What happened to massive draw yesterday... Oil yes but gasoline boooo..... Looking forward to when w ehood above 60....could be a while"
I'll remind you .... Thursday last week ....
Wait until the USA market opens and drags us down plus options closing this week
Gosh that’s an embarrassing typo - weighted **
That was a perfectly waited correction expect to see 80p within the next few days
Ok great thanks - understood
@Rock8. The greatest risk was that the first two new wells did not perform... Kosmos gave production guidance which showed Tullow was basing its contributions on the low end of each new wells productivity. IMO, If these wells can be brought on stream in the next few months as implied in the press conference we will be ahead of more conservative guidance which was not assuming much of a contribution . Also, the Company has guided to only 4 wells this year....possibility of a fifth now ? If the oil price holds up and they are discussing a third FPSO in theory it suggests an additional rig might also be being looked at. With the cost recovery terms so attractive you would have to be stupid not to consider it. I am sure the company will want to put appropriate hedging in for existing production to provide them with the cash headroom for additional investments over that agreed as part of the bond refinancing ..but we will have to see what they decide. In the meantime the main logjam to increased production was managing the waterflood and gas off take from the rig (GOR) . Judging by the latest published monthly field production numbers (production up 4K ?), it looks as though facilities have been uprated and these bottlenecks are being addressed. Very encouraging .
Agreed
So why are people expecting the share price to fly?
Are they just dreaming- nothing wrong with that but….
@Rock AGMs are not generally the time to update on trading , so I am not expecting any fireworks...after all Dorothy is still occupying the Chair ...for the last time ....so I expect nothing .
What are you expecting?
It’s an AGM not a trading update?
Correct?
I totally agree. Shorts exiting is making it a bit unstable but tomorrow will bring AT LEAST 80p, could be 90p+
No reason for this to be down, especially as oil is up. Get in while it’s cheap, tomorrow is going to be huge. Could even get to £1