Member Info for Adieuk32

Massive Crude Stock change.

GL ALL

Looking good to break 50p

Kenya update should be near.

Looks like Shorts Closing

Happy New Year All

Let’s hope for a great 2022.

Good volume - 5 Million traded under 2 hours.

Kenya FDP Approved?

GL ALL

Quote from email received from IR Yesterday.

“The fourth well (J57-P) of the four well Ghana programme this year has been drilled and completed ahead of schedule. Due onstream imminently it is expected to help increase gross production from the Jubilee field to over 85,000 bopd.”

GL ALL

Hi Thommie

Yes update from Tullow IR Department.

Plenty of news for 2022 on the cards

GL ALL

Some very encouraging news coming from Tullow.

Jubilee now producing 85,000+ BOPD Gross

Final FDP has been submitted to government, update in new year.

Encouraging progress in finding a strategic partner.

Fourth well has been drilled, And completed ahead of schedule, Drill RIG is on another well, completing a work over.

2022 should see 5 wells being drilled in the year.

Next update is on 26th January 2022.

Looking like we may see some good movement in SP, well the brokers also think the same.

GL ALL

Interesting late night catch up for those that missed it.

Still holding, waiting for turn around to start.

https://m.youtube.com/watch?v=3NLFvJAFZfs

Lowest I’ve seen it since the pandemic.

Could see a real change of direction here

Unusually low volumes first thing.

Everyone sitting on their hands waiting.

MM’s not making much of a market.

Things change very quickly with the markets.

GL ALL

The FID will need to be presented mid next year . It’s the FDP which needs to be submitted by year end.

2022 will be the year.

GL ALL

https://shorttracker.co.uk/company/GB0001500809/

Key Group reduction.

GL ALL

Nice FCF Increase on previous update (excluding the $75 Million payment)

Also on Kenya front, “Interested Parties” More than 1 looking at our Licence.

2022 looking to be a very active year indeed.

GL ALL

https://www.businesswire.com/news/home/20211111005798/en/Ghana-Transaction-Update

Got a feeling this is going to Blow very soon.

Kenya update next.

GL ALL

I wonder if the Chinese are interested in Kenya?

Could this be the start of news before the African conference on Monday?

GL ALL

https://www.softpower.ug/cnooc-grants-fid-for-ugandas-oil-development/

https://www.google.co.uk/amp/s/oilprice.com/Latest-Energy-News/World-News/Exxon-To-Resume-Share-Buybacks-After-Surge-In-Q3-Earnings.amp.html

IOC with deep pockets.

BP Q3 Earnings update on 2nd November.

GL ALL

https://www.tullowoil.com/our-operations/africa/kenya/
Tullow have a 100% interest in block 12B licence.

They won’t need a carry as numerous wells have been drilled, they will sell a % in the 4 licences they hold, and use the funds to develop the field.

Rahul is in Kenya at the moment, hopefully signing off the FID with the government. Either way we will find out how attractive the assets are to IOC “With deep pockets”

GL All LTH

British exploration firm Tullow Oil has stepped up a search for a strategic partner to help implement a development plan for oil production in Turkana County.
The company, which entered Kenya in 2010, last month presented its long-awaited revised development plan for oil production in Kenya for approval.
“We are looking to bring a strategic partner for the project,” said Rahul Dhir, chief executive officer of Tullow Oil plc, in a press briefing in Nairobi yesterday.
According to the revised plan, the construction of the pipeline is expected to take about three years

https://www.businessdailyafrica.com/bd/news/tullow-races-kenya-oil-partner-3599996