Member Info for Adieuk32

1. Guyana Drill Q2 - Still no farm-in?
2. Kenya Development - Still no strategic partner?
3. $75 FID - Still no payment? —- TICK ——
4. Ghana - Still no Tax agreement?
5. Ghana - Pre-emptive agreement still not happened.
6. Who will replace Les, 6 weeks to go, still no update?

1 down 5 more to go.

Positive news for once, maybe start of a run.

GL ALL

That’s it dish out $76 million of our money, in 14 days, no appeal, WTF

Where’s our $75Million due on Uganda FID???

No mention of this?

Seems to me that the Board are only dishing out the bad news.

Questions need answering by the board.

1. Guyana Drill Q2 - Still no farm-in?
2. Kenya Development - Still no strategic partner?
3. $75 FID - Still no payment?
4. Ghana - Still no Tax agreement?
5. Ghana - Pre-emptive agreement still not happened.
6. Who will replace Les, 6 weeks to go, still no update?

If everyone emails IR we may get some answers.

Email IR to see why it’s being held?

We need answers.

IMHO we’re being kept in the dark.

If there is price sensitive information, then we should be told.

GL ALL

Just a small IOC called REPSOL, not sure if you’ve heard of them??

https://www.offshore-mag.com/drilling-completion/article/14214159/kanuku-partners-to-drill-beebeipotaro-prospect-offshore-guyana

https://www.nasdaq.com/articles/exxon-boosts-oil-production-with-new-vessel-raises-guyana-outlook?amp

$100 OIL on its way.

$25 above forecast for year.

FCF Circa $150 extra for year + 5Kbopd from pre emption rights.

Gl ALL

Yes 5k boepd will be added on pre-emption, this along with the conservative figure of 55 to 61k boepd, will add considerable cash flow at $100.

Big week next week, with BP earnings results looking good

POO $93+

GL ALL

Looks like we’re streamlining the business, just hope it’s not for a cheap sale, hence why the SP is being held back.

Something going on behind the scenes.

GL ALL

Heading to $100, now what is an additional $25 on top of the $75 FCF, by memory it’s $50-$75 Million per $10 increase.

Not bad additional $125. - $185 Million FCF If prices increase to $100.

Soon get the gearing to 1.5, by 2023

GL ALL

Keep dreaming of 35p.

I keep dreaming of buying these at 8p again, but more chance of seeing Elvis on the moon.

Anyway FID decision tomorrow, nice FCF of $75Million.

Looks like they shook the tree quite hard this time, ah well got rid of some real BAD Apples.

Just a coincidence that Holdings RNS, followed by a shake, followed by FID News.

lot of Shorters will be sweating tonight.

GL ALL

Wow, no posts for 11 years, now you’re an expert on Tullow

Do us a favour, close the door on the way out, take Happy with you, I hear the M25 is a nice place for a walk at rush hour.

Ignore the parasites, they’ll die off pretty soon.

GL ALL

Looks like the $75 Million will be on it’s way shortly.

Pre-emption agreement next, followed by Kenya development decision.

Now why would one of Tullow’s major invester be accumulating another 1% of the company???

GL all

Azvalor Asset Management SGIIC SA - Increased to 10%

Someone's confident.

GL ALL

Put him on ignore.

He needs to pay for his annual Butlins holiday, have you seen how much it is this year lol.

We now have a signal this is going to rise, he’s the worst shorter out here (well except ODEY)

GL all

2015. 73,400BOPD. Debt $4Billion. SP £3.50 POO $37
2016. 71,700BOPD. Debt $4.8Billion. SP £1.60 POO $56
2017. 94,700BOPD. Debt $3.5Billion SP £2.60 POO $66
2018. 90,000BOPD. Debt $3.1Billion SP £2.30 POO $54
2019. 86,700BOPD. Debt $2.8Billion SP £2.00 POO $67
2020. 74,900BOPD. Debt $2.4Billion SP £0.60p POO $50
2021. 59,200BOPD. Debt $2.1Billion SP £0.30p POO $77
2022. 58,000BOPD. Debt$1.9Billion SP £0.56p POO $90 - Forecast. + 5,000 BOPD on pre emption agreement.

Still think we are fairly valued???

Should be around £1.50 range, before Kenya news.

GL ALL

Wow going to be quite a ride 2022 will be.

> 3 Wells to be drilled at Jubilee & 3 at TEN
> Pre emption to increase 5,000 BOEPD full year ( not included in $100M FCF) this will not be hedged and will add circa $140M FCF - Not bad for $150M CAPEX Return this year.
> Guyana well to be drilled in Q2 - Field is already de-risked.
> TEN Nto6-G1 well encountered Oil at the base, de-risked the Northern area.
> Kenya ongoing discussions with “interested partie(s)
> SIMBA field in Gabon 40% increase in BOPD of 6,000BOPD
> $100M FCF at $75 oil. 20,000 BOPD unhedged at $90 additional $110M FCF

Looks to me a very conservative figure, Rahul well known for “Managing Expectations”

Re-rate coming, Kenya news will blow this sky bound.

Gl all

Great time to top up 55p+ finish

Gl all

Yes hope so, but IMHO it will be in the update.

Last time I spoke to Matthew at IR Tullow his reply was.

Q. We are still waiting for the $75 Million payment from Total, is this something which is nearer to finalisation this quarter?

A. Our cash flow assumptions for 2022 include the expected $75 million payment from Total following parliamentary approval of the Uganda FID.

Looks like this was the final hurdle, should be receiving payment soon.

Gl all

Total’s oil pipeline gets go-ahead from Ugandan MPs despite secret terms.

https://news.mongabay.com/2022/01/totals-oil-pipeline-gets-go-ahead-from-ugandan-mps-despite-secret-terms/amp/

GL ALL

https://www.theeastafrican.co.ke/tea/business/kenya-begins-oil-exploration-disputed-lamu-basin-wells-3690352?view=htmlamp