Member Info for Adieuk32

What is the company not telling us???

Why are they happy to let hundreds of millions wiped off the market cap?

COMMUNICATE TULLOW - SOMETHING IS GOING ON HERE

Jeffery1977

Feel free to copy and paste email sent yesterday.

Hi Matthew

Following on from my previous email's sent to you, I have a few more questions that you may be able to help me with?

1. If the Merger is off between ourselves and Capricorn, why are we still having multiple RNS about holdings etc?

Rahul has been keen to cut costs, even de-listing from the Irish stock exchange this week, why are we still paying for these releases on a daily basis? I have calculated over 500+ since the announcement, which would of cost the company hundreds of thousands, why is this still ongoing?

2. Are the Board any closer to the Kenya deal being signed? The new deadline is 6th November, is this likely?

Why is Keith Hill from Africa Oil, commenting numerous times, that the deal will be signed by certain dates? 10th May, end of June, then end of September? but still not happened?

3. Is the gas deal in Ghana any closer?

4. Is there any plan for the CMD to be done this year?

5. Do you have the link for the Africa conference presentation by Rahul last week?

6. Why is the company not doing anything to sustain the share Price? Why is it that a share buy back is not being done, at this extremely low SP? We have FCF, why is this not being used?

7. A dividend was announced at the same time as the merger, is this a thing of the past now, that this is not happening. I know we have debt, but so do most oil companies, they are still paying a dividend, would this not encourage investment companies to commit? Which would improve the SP?

8. Communication is paramount, and I don't think the Board is being transparent with us small shareholders. what is/can be done to improve this?

I look forward to your reply shortly.

It’s okay for Rahul to have the saying, every barrel matters, every dollar counts, but also every shareholder matters and every penny on Share Price also counts.

Time to show us your cards, or leave the room.

We want answers, time to come clean Rahul…..

1. Why on earth was the merger announced at end of May, then nothing, no vote, no CMD, 4 months of useless RNS (500+) all for nothing, how much has this cost us?
It has been orchestrated to fail from the start.

2. Why has it taken 15 months to announce a potential partner in Kenya? Why after 10 years we still don’t have a FID? Who needs who here?

Why has Keith Hill been divulging miss information on the deal? 10th May / end of June / end of September, why is it a CEO from a partner on the project sprouting fake news? What gain for them?

3. Why is the Gas deal in Ghana taking so long to sign, why can’t Rahul deliver on projects?

4. Why has the SP been left to collapse from the 60’s to low 40’s. What is the motive?

5. Why are Tullow so bad at Communication to Shareholders, The Merger collapse? Surely they knew about it? Why not release an RNS at the same time? Why do we have to find out about our Operator run assets from KOSMOS / AFRICA OIL, why is there no regular updates?

Does anyone know what TEN/JUBILEE production figures for July - September? Have we had an improvement to production?

Oh yes there was an update to the one well drilled, it was water bearing, I thought they would like to update us on another duster, been plenty of them since Rahul has been CEO.

6. When is the Capital Market Day? This was due this quarter? Surely they know the date by now, planning would take months.

7. Why have we still got a temporary CFO running the finances, why did Les depart? Is he on garden leave? What happens to Jonathan Swinney appointment from Enquest?

8. What is the real reason for the delisting from the Irish exchange? Do we not need any capital investment in that part of the world? Please don’t insult me with cost savings, 500+ RNS in 3 months, only 2 updates of these any use.

I could keep going but, we all get the jist by now.

WE WANT ANSWERS RAHUL, WHAT IS REALLY GOING ON AT TULLOW HQ?

They don’t want to take any calls.

T/O looking more likely than ever.

GL ALL

Rahul has stated on his past webinars that if a good offer came in, then it would be considered.

The valuation of Tullow now is a disgrace.

IR are not responding, the SP is being worked down to what we were 2 years ago.

We need a statement from the BOARD, the SP has dropped 40%, what is going on here….

FCA need to take action. Got to be the most corrupt, manipulated Share in the FTSE250.

RAHUL NEEDS TO DELIVER, OR RESIGN

https://www.africanews.com/amp/2022/10/10/ruto-to-construct-the-tanzania-kenya-gas-pipeline/

https://www.voanews.com/amp/tanzania-kenya-agree-to-fast-track-construction-of-gas-pipeline-project-/6783905.html

Hotting up in the Oil&gas sector.

Our time will come.

GL ALL

Must be close now, only 3 weeks until the deadline, the deal could drop any time.

GL ALL

I have been invested in Tullow for many years, but i'm loosing the confidence in the Board to deliver on their manifesto.

I was under the impression that Rahul, was a man that could deliver on his ambitions, but the lack of anything positive this year, with regards to Kenya, Ghana, agreements on projects, and the complete waste of time spent on the Capricorn merger, which was doomed to fail, due to nothing positive.

We have had no success on the exploration front, hedged while the oil price at record levels, Bonds at a premium interest rate, and more importantly a share price at 44p ( No value since Rahul came to office).

Every other oil company in my portfolio has shown gains in excess of 50% year on year, with dividends on most.

I feel the company is not being proactive enough, with communication and delivering to us shareholders.

A change is needed, before the company is sold down the river, for a fraction of what it should be valued at.

What are your thoughts?

Kind Regards

Nothing a brown envelope can’t sort out.

Don’t believe they have the money to pay us the Billions it cost to discover the fields, due to withdrawing the licence.

The country is already short of foreign currency, wouldn’t be wise to dismiss those billions of dollars from oil sales.

GL ALL

Let’s hope this is a kick up the ass for the Kenya government.

Sign the deal off, or risk loosing the investment, as no one will sign money over to a country that can’t deliver.

Our time will come, at least the RNS should steady the markets.

Looks like the Capricorn board tried to get a better deal, but we’re holding our own.

Gl all

This will surely send shockwaves around Africa, that if they don't get a move on, investors will be going elsewhere.

Or was this the plan for the Ghana & Kenya Government to sign the fecking contracts, or loose out on Billions of dollars that the countries need.

Whatever is happening, Tullow would of been aware some weeks ago, they better have a card up their sleeve or else Rahul's up for the chop.....

GL ALL

NEWS BLACKOUT - - - - T/O??

Hence the reason Capricorn have made the RNS today, in advance of an approach for Tullow.

Makes sense for the Indian's to buy the whole company, rather than just Kenya?

$4 Billion for the whole assets, including the debt, would see a SP of £1.25 - £1.50.

Another hint that the Spanish Investment firm have increased their stake to 11%

GL ALL

Maybe we are flavour of the month, with a M&A RNS out tomorrow!!!

Something big is going on behind the scenes, with a quite Tullow Board :)

GL ALL

Discussing EAST & WEST Africa.

Will there be something to talk about ;)

Kenya news imminent.

https://africa-oilweek.com/agendas/africa-oil-week-agenda

Gl all

It’s The annual Africa oil & Gas Conference next week.

You would like to think that the deal was signed prior to this??

Gl all

Thanks to the MM,s another top up, before Kenya News next week.

With Kenya PM back from the US, investment opportunities are going to kick start very soon.

What other company is due to generate $400 million dollars FREE CASH this year, and be valued at the current Market Capital.

Just waiting for lift off here.

Gl all

https://lumiagmukstreams.s3.eu-west-2.amazonaws.com/3.+Archive+2022/Tullow+Oil+Half+Year.mp4

Worth a watch.

Over 5 years since we had such a low volume trading day.

Everyone sitting on hands, waiting for the Kenya News which is due any day now.

Go all

Nice turn around 50p next stop.

Gl all