Member Info for Adieuk32

This guy has been on the boat long before you turned up, going know where pal.

Gl all

35.28p LP

Gas agreement starting to sink in now.

GL ALL

You ask why oil will be $100 in Q3.

Do I really need to answer this?

Have you not heard of supply & demand!!!

Gl all

IT’s 7kboepd, so the full year is still 7kboepd.

The ceremony is due in Q3, I’d expect the gas agreement and TEN development plan to be agreed at the same time as JSE Ceremony.

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Https://www.the-star.co.ke/news/2023-07-27-kenya-invites-russia-to-explore-gas-and-oil/

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Kenya FDP will get signed off. IMHO

Alot of positive NEWS coming out of Kenya in the last few weeks, which makes me believe a deal has been struck, just waiting on the legal documents to be drawn up.

The last article, says it will be done before September, which only leaves 5 weeks to go.

What makes me believe this, is that the 22.5% NOC share has been already disclosed, but I haven't seen this anywhere in Tullow's past docuemts?

The Share Price is starting to factor in a positive outcome, expect a jump up from 34 - 60p in no time.

HOLD FOR GOLD GUYS

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Https://nation.africa/kenya/business/tullow-says-it-is-in-talks-with-investors-for-oil-project-4312252

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Get ready for the Bounce into close.

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With 2 further wells on Jubilee to come online this year, easily see 120k BOPD Gross by year-end.

1H production figures.

Jubilee 28k

Ten. 11k

Other 16k

Total 54k average

2H Production

Jubilee 42k (28 x 50% = 42 Gross production 42/39x100 =107k BOPD GROSS

TEN 11k

Other 16k

Total 69k BOPD + Gas sales temporary agreement of 6k

= 75k BOPD

Still only a 400 Million market cap business????

Won’t be for long

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Https://www.fool.co.uk/2023/07/17/are-tullow-oil-shares-a-no-brainer-buy-at-30p/

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Well worth a look over the complexity of the project Kenya.

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https://www.tullowoil.com/download_file/view/938/

https://www.tullowoil.com/download_file/view/940/

https://www.tullowoil.com/download_file/view/939/

33.70p to BUY

Re-rate is happening, shorters running to the door.

GL ALL

Nice to see the Board, shouting the good news out with an RNS.

Already producing over 100k, with 2 more wells to come on line.

Each well produces average of 17k BOPD, so I make it 134k BOPD by year-end.

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The comment below is interesting from the tweet

“I don't think the Indians are wavering cos its not yet in their hands. FID report just left EPRA after approval, it’s going to Parliament for approval before President can assent. Then Tullow can sell onto to India on cabinet approval. Just following Petroleum Law timelines”

Production at the Jubilee field is expected to rise through to year-end as these new wells come online. The partnership expects new wells to increase gross production at Jubilee by over 50% from the first quarter to more than 110,000 bopd by the end of 2023.

Like the sound of "MORE THAN" 110,000 BOPD By the end of this year.

It's going to start sinking in with the ii, and see a material step up in SP.

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30.80 gone through the book.

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Tullow have a 39% equity stake in Jubilee.

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Just a little additional comment from our joint venture partner.

“We believe Jubilee has the potential to deliver in excess of a billion barrels of oil equivalent gross, generating material value for the people of Ghana, the partnership and our investors."

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After 6 years of planning, development and now production, the day is finally here.

This is a key moment, as now the undeveloped reserves can now be included into the Balance Sheet reserves, thus, bringing down the gearing further.

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So we know that 1H Production from Jubilee averaged 28k BOPD NET, 71.7k BOPD GROSS

In order for us to hit the average guidance levels then, we need 36k BOPD Net for the full 12 months 36k (Jubilee) + 11 k (TEN) + Other non operated 14k = 61k (average 58-64 guidance)

Therefore we need to produce 40k NET 102k GROSS for the remainder 5.5/6 months of the year from JUBILEE Alone.

So I make the 102 - 71 average of an increase of 31k BOPD.

But we are nearing mid July, so it makes me believe that Kosmos update saying 115k BOPD to be more likely by year-end ramping up production in Q4.

What a year 2024 will be, 70 - 75k BOPD OIL Sales, Gas sales equivalent to 10k BOPD & hedging at low of 11k.

800-900 Million FCF IN both 2024. & 2025, enough to be debt free.

Exciting times ahead.

Gl all