Member Info for Adieuk32

Over the next 2 years Tullow will generate $800 million FCF at $80, $1 Billion at $90 and $1.2 Billion at $100.

This is excluding the gas sales agreement which is due to be signed this month.

Any other oiler in the small cap, going to generate this kind of income?

Topped up again, this will start to fly soon.

Gl all

It’s all about the gearing, when it gets to 1.5x by year-end 2023, then the BOND Holders, can’t have a say whether the company issues a dividend.

It’s in Rahuls interest to issue a dividend, as he owns millions of paid and free shares.

2024 will be the year of the dividend, albeit a modest one to start, but that $800 Million FCF at $80 for 2024-25 has to go somewhere.

Gl all

On track to record one of the best 2H Profits ever.

72,000 BOEPD (including the gas) with 34k hedged at $75 and 38k at current $94. On this basis we should have a 6 monthly profit around $300 Million and annual profits of $370 Million.

We have laid the wheat, now it’s time to harvest the profits.

Gl all

What is our Market Cap again?

FCF of $800 Million at $80 within the next 2 years, plus additional 7k BOEPD from gas sales, not currently factored into year end results.

Gl all

Tullow announced back in May that further BOND buybacks later in the year.

Hope they announce this to reduce the debt further at 70% of par value.

Another $100 Million to reduce the debt a further.

Rahul did say this would be the year, that the debt would be sorted.

Gl all

40p today, looks like we could hit it very soon.

Results next week, loads of news to take this past the 60p mark by end of September.

Gl all

This is a long term agreement, which Tullow’s BOD stated is a catalyst event, and will book reserves and long term sales in Ghana at competitive rate.

This is due to be signed in Q3 which is likely to tie into the JSE Ceremony and TEN FDP Agreement.

Not a time to be selling, with Kenya FDP to be signed off this month.

Gl all

Yes posted this article a few days ago.

On another note, POO is on the move north again $86.75

Also 2 weeks until 1H results.

In Gabon our main asset, the SIMBA field is off-shore, and currently un-affected by the political turmoil in the country.

Not a time to be selling up with Kenya FDP, where we have a 100% share of 585 Million barrels of proven oil reserves, and a field of 2 Billion OIP. Jubilee producing 120k BOPD, FCF of $400 - $800 million in 2024 unhedged & at POO of $80. Every $5 increase in POO is over $100 Million in FCF.

Gl all

Our operations in Gabon are currently unaffected by the ongoing political activity and production continues as normal. We will continue to monitor the situation closely and will work with the operators of our fields as necessary.

Https://nation.africa/kenya/business/state-include-turkana-oil-in-new-fuel-pricing-formula-4349534

Gl all

Graph looking very positive now, come on Kenya FDP Approval, let’s get this space bound.

Gl all

Yeah Lee, already filtered, added to the long list of losers.

Traders moving this about on low volumes, too much NEWS due, for this not to get above 40p soon.

Gl all

Oh forgot to say don’t respond as you’ve been filtered.

The scum are starting to re-surface again, using multiple accounts to try and disrupt the board.

Gl all

Congratulations on being a member for 2 weeks.

Your input to this board is????

Close the door on the way out.

Gl all

Do they know something we don’t??

Anybody else see it? Or just my account playing up??

1H trading statement already released in July.

Market knows the figures, with negative cash flow in the first half year, but 2H is due to reverse this to a $200 Million positive FCF. This is at $80, so plenty of further debt reduction potentially reducing it further down below the expected year-end debt of $1.7 Billion.

JSE is producing over 100k BOPD, with Maximum of 120k BOPD expected and maintained by year end.

The BOD have already announced significant 2H Revenues.

Markets work 6 months ahead, so they will be looking at 1H 2024, which at $80 - $100 will generate around $400 - $800 Million FCF.

We are so undervalued, and should be moving north very soon.

Gl all

Only a few.

Kenya FDP Approval

Ghana gas sales contract

TEN Development approval

1H Results - 13/09/23

Tax Arbitration hearing -October-23

Busy couple of months coming.

On another note, Tullow held up well today, SP Starting its next leg up.

Gl all

We must be getting close to a deal.

Nearly half way through Q3, with alot going on, all at the same time.

Will we get taken out before the news? I certainly believe that the Chinese/Indians are circuling above, ready to pounce, once the FDP is in the bag.

There's no way we would be streamlining the assets at this very moment, unless Kenya was a done deal.

RNS could drop at anytime, wouldn't want to be out of this over the weekend. :)

GL ALL

They must be nearing the final stages of discussions, hence the run of RNS, on GABON, COTE DE IVOIRE, GUYANA, GHANA.

All leading up-to the Kenya NEWS, which will co-inside with a T/O.

Looking for a around £2 to £2.50 a share

ALL IMHO & DYOR

GL ALL

All this corporate action recently, along with Q3 Gas agreement, Kenya farm out, and Octobers Tax hearing, all lead me to believe that a T/O is coming.

Streamlining the assets, not only to make a T/O More manageable, with less countries involved, but also to add book value to the offer price.

Why wouldn’t we be a target, ONG can have the whole lot for $4-$5 Billion

Gl all