Firering Strategic Minerals: From explorer to producer. Watch the video here.
Looking good for a bidding war, hotting up with News flow over the next few weeks.
Wouldn’t want to be out of this, when the RNS drops.
I feel a SHORT Squeeze about to begin.
Gl all
I wonder where all that oil is going to come from?
Gl all
https://africa.businessinsider.com/local/markets/kenya-plans-to-build-3-more-ships-to-boost-oil-shipment-to-uganda/2g5eyht.amp
It could be due to the Trading statement we are having next Wednesday.
Or it could be the Kenya F.D.P which is due to be signed off next month.
We already proven exploration reserves of 585 Million (50% Tullow owned) and back costs owing to us of $1.8Billion.
Too many big numbers for the project not to happen.
A few more brown envelopes, will get this signed off.
GL ALL
Anyone going to the AGM?
If I lived nearer, I would of gone, and aired my views of the lack of communication.
The Board have allowed this to tank, the Market needs some confidence, and the management team aren’t delivering.
Maybe time for a change at the top.
Gl all
Paid bashers claiming bankruptcy.
Banks and hedge funds use sock puppet accounts to clutter message boards. They spread fear and misinformation for two reasons.
1. To get you to sell.
2. To get new investors not to buy.
Short sellers and buyout thieves spreading lies about a company isn’t a new thing. It’s been going on since the dawn of Wall Street.
https://www.griproom.com/fun/12-signs-your-stock-is-targeted-for-buyout-theft
KEEP HOLDING, DON'T LET THEM HAVE US ON THE CHEAP.
GL ALL
This is what is holding the FID up.
Tullow are owed $1.8 Billion + development costs.
A farm in would have to pay us this back, as they would recover this through future production.
Now what is our current debt levels????
Do the maths, we will be debt free this year, now isn’t that what Rahul said in March update, this will be the year, people stop talking about debt….
Gl all
Tullow described as “ludicrous” a Kenyan newspaper report claiming it had asked for KES204bn ($1.88bn) in compensation from Kenya’s government in lieu of exploration costs incurred from 2012 onwards.
“We have submitted our expenditure for audit ahead of cost recovery as and when production starts, but clearly we only recover our costs from production as per [the] licence,” says Tullow.
On the government response to its submission, the company says: “We are going through a process—an entirely normal process that happens in all oil producing countries—to agree what costs are covered.”
Tullow expects to reach an agreement with the Kenyan government, adding “the joint venture has spent circa $2bn in Kenya since 2011; we would look to recover a considerable part of that plus development costs as part of cost recovery. I do not know how long the audit process will take. We need a viable project first.”
Test case
These negotiations will be the first significant test for Kenya’s 2019 petroleum and energy bill as well as the authority and capacity of the fledgling energy regulator, says Edward Hobey-Hamsher, a senior analyst at consultancy Verisk Maplecroft's Africa Risk Insights team.
“If the two parties cannot agree, the base-case scenario is that Tullow seeks international arbitration, a right enshrined in the petroleum act,” he says.
when are we going to get some m&a news.
an rns saying that they are in discussions, could come at anytime.
harbour energy are looking for another acquisition, which from their last webniar, tullow ticks most of the boxes.
have to ask yourself, why are all these bell ends, posting ****e on a company that they have no interest in? either they are trying to help the long term holder out, or they want your shares on the cheap, as the scum work/paid by a large shorter, who wants to bore everyone to death, so they move on...
don't let the bullies win - what goes around, usually comes arouns - karma is a wonderful thing.
gl all
Just sent another e-mail to the above address.
I see that Matt & Rob's business email address has gone from the "Contact us" section of the web-site. replaced with the standard one above.
They can't hide on the 24th, going to be an interesting AGM to say the least.
GL ALL
Anyone had a response from IR recently, ive sent a few e-mails and not had a reply.
Are they in the bunkers or is there a news blackout?
AGM is getting closer, while the SP slips.
The board need to come out of hiding and give the host nations a kick up the ass, as we are worth less than £350 Million market cap.
These Board members need to show their huge salaries and share bonuses are worth it, and seal the deal in Ghana & Kenya.
We need COMMUNICATION for god damn's sake, LISTEN TO THE PEOPLE WHO OWN THE COMPANY.
Still holding & topping up, but heads need to roll at the top, before we de-list from FTSE250.
GL ALL