Member Info for Adieuk32

They really need the shares.

Rahul was very edgy today, somethings afoot, lMHO

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Way oversold here, Top up time.

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Yes, I was thinking the same.

Did you see Rahul’s reaction to Kenya questions, skipped around it very edgily.

Just hope the T/O price is £1.50+, but with 2 “interested parties” the bidding could take this further.

10th May is the last day for signing the FID, so we know the outcome will come quite soon.

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Why has a new CFO not been appointed, to replace LES?

Very strange indeed?

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I feel like a T/O is on the cards here.
Who’s replacing Les?
All seems a bit edgy with Kenya, Africa Oil update was more bullish and informative.

AIMO - But looking that way.

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Potential to accelerate deleveraging Near term catalysts
› At $75/bbl the deleveraging to <1.5x gearing is accelerated to year-end 2023
› The current price environment further accelerates debt and gearing reduction

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I asked IR on this issue yesterday. Very blunt, but expected.
Q.
Is it correct that the Kenya project is 98% ready to go, with the 10th May the signing deadline?

A.
We are making good progress in Kenya, but as I’m sure you will understand, I cannot say much more than that. The process is live and progressing well.

I believe the stars are aligning nicely here, with a bidding war going on for farm-in.

EU/US will need to have another frontier to get their Oil & Gas supply from.

Carbon neutral plans will be put back on investments in new oil fields.

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With 22million trades today, should see a further reduction tomorrow.

Looks positive so far.

Fingers crossed for 7am

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Looking good for results.

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Breakout

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£1.20 is where we should be now.
Kenya & Ghana pre-emption, then who knows £2, £3 or back to £14, when Poo was in this range.

All I know is that Tullow is cheap as chips, load up ready for the next gap up.

FCF at this oil price will be incredible for reducing debt to 1.5 Earnings.

Kenya looks quite a safe bet, now that Russias oil and gas will be sanctioned.

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Cheapest P/E in the list of producers by far.

Load up, this will re-rate very soon.

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The US take 10% of Russian oil.

POO is on its way up.

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we will soon see if it’s a leaky ship, watch the SP Fly if it good news tomorrow.

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https://www.tullowoil.com/investors/events/

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Lift off!!!!!!!

About to move north.

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Should see this test shortly.

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Q&A from Transcript

Has the field development plan for Kenyan project been well received? And do you expect any changes that are necessary to make it a plan?

Keith Hill

So, yes, that was quite – we spent a lot of time talking about that when I was in Kenya last week. I think that in general, everyone is very happy, both the joint venture partners and the government with the overall development plan, there were a few tweaks to be made sure we called. And I think we're now working through those with the government. The potential partners that are coming in, the people that are looking at it, I think, are also quite happy with that development plan and would take it as it is going forward.

So, I think the process is that by May 5, or sorry, May 10 is the deadline for the government to approve, and we're working very hard to make sure that we resolve everything. But right now, I think, we're 95%, 98% of the way there. I would expect it to be on track for approval on the 10 of May.

Kenya seems to be the forgotten child here in Africa Oil. And I kind don't blame investors on that. We've been at this for a long time. I keep telling everybody here, it's a great project and that we are – we're moving forward on this and we have a very good chance of moving this forward. I can't blame people for not believing me after all these years of making those promises. But I can tell you, we are quite engaged on this. I was in Kenya last week. We have a couple of interested – very interested parties, and I think the chances of getting the strategic partner we've been looking at for the past few years is getting closer and closer. I can't make any promises, and I can't disclose who it is. But I think we're actually getting pretty excited that we're finally going to get over the lump on this and actually move this project forward.

So again, the proof is in the pudding. If we have a partner we're hoping to announce sometime in the second quarter. But the stars seem like they're finally aligning on this, and I think we've got a good chance of actually putting some value into the company on this. I can tell you right now, there is no value in for Kenya in our share price. But if we're able to pull this off, I think this is going to be worth at least $1 probably more a share to the company.