Member Info for Adieuk32

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

Could be the signing ceremony, for FID.

I’m sure we will find out shortly.

GL all

Trading Statement on 17 November 2021.

Just after the Africa conference week.

GL ALL

What’s better than an oil & green energy mix.

https://www.upstreamonline.com/energy-transition/east-africa-s-tantalising-untapped-geothermal-resource/2-1-1072995

He said many East African projects rely on public funds, at least in their costly early stages.

“We really need more private investors to really get the exploration going, because it is the initial capital cost that turns people away.”

Jones suggested “risk-mitigation schemes or insurance schemes may attract private investors” who would help accelerate exploration and project development.

Despite these obstacles, upstream companies have been eyeing direct or indirect investments in East Africa’s geothermal potential.

For example, Tullow Oil may power its planned Lokichar oil project in northern Kenya through geothermal power, while BP has been assessing Africa’s geothermal potential.

GL ALL LTH

A few articles are pointing back to BP in Kenya.

Could be a game changer having them on board.

All IMHO

DYOR

GL ALL

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

Sustainable industrialization and the alleviation of energy poverty are the foundation of Kenya’s economic empowerment. But they will only be possible through the active development of Kenya’s rich fossil resources. That’s why exploration is at the forefront of Kenya’s energy developmental agenda. With four sedimentary basins and the active presence of such industry giants as BP, Shell, Texas Pacific, Africa Oil Corporation, and Chevron, among others, we are hopeful about our ability to continue realizing our socioeconomic goals.

“The Lokichar Lamu Crude Oil Pipeline Project (LLCOP) is perhaps the strongest indicator of Kenya’s resource potential. There are over four billion barrels of crude oil reserves in the Lokichar sub-basin alone, of which 750 million are commercial, currently operated by Tullow Oil and its partners for this project. Tullow and its stakeholders recently increased their production estimates for this project by 50%, from 80,000 b/d to 120,000 b/d, with a gross recovery of 585 million barrels of oil over the life of the project” Stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

https://www.africanews.com/2021/10/19/oil-and-natural-gas-will-help-ensure-a-just-energy-transition-in-kenya-as-president-kenyatta-set-to-work-closely-with-biden-on-climate-change-after-white-house-visit/

Shorts have increased, reason for this being held down.

Let’s hope they get burned.

GL ALL

Possibly, but we kept our head above water, thanks to hedging at $50 when oil was sub $30.

Hedges are a great way to guarantee future income in an unstable market.

Just remember that 40k is hedged, the other 21k isn’t.

Production for 2022 will be at the same levels as 2020 at 70k, with the increase in production being at the POO value of $80+

Hence the term hedging you’re bets.

Does Tullow have the pre-empt rights on the Kosmos/OXY Aquisition?

Any questions that you have, IR will pass on to Alex to discuss with Rahul/Les on Thursday.

The next scheduled update is our November Trading Statement, which will be in the second week of November with the date to be confirmed in due course.

Next week could be interesting, with strange trading pattern last week.

GL All

Kosmos nearly sold a 28% stake in Jubilee for $4Billion to EXXON, now Kosmos have raised their stake in the field. This was before FSPO and Billions spent on infrastructure.

Tullow are way undervalued, now I wonder why the SP is being held back?

Could be a T/O on the cards.

GL ALL

https://ihsmarkit.com/country-industry-forecasting.html?ID=106595010

https://www.ii.co.uk/analysis-commentary/can-tullow-oil-shares-really-double-value-ii521559

https://www.sharecast.com/equity/Tullow_Oil/broker-views

Another upgrade.

GL ALL

https://investors.kosmosenergy.com/static-files/3bd3f0ef-3129-415d-94b8-841eb6938eca

Second RIG looks to progress TEN development.

85,000 BOPD from Jubilee by start of 2022. 100,000 BOPD from 2023.

Kosmos can see the potential.

Now I wonder why the shorts were closing today.

GL ALL

There desperate for shares, Top up time, Bargain price

GL ALL

21,000+ a day

GL ALL

https://m.uk.investing.com/equities/tullow-oil-technical

All gearing up for the perfect storm here.

Short Squeeze coming, 70p by end of November.

GL ALL

BOOOOOM

There’s only one way this is going with poo above $80, not too long ago the CMD had us projecting strong cash flows at $45 this year, Not all our oil is hedged, with new wells coming on stream each quarter, increasing 8-10k each new well.

With gas equivalent at $200, we should hit $100 this winter, the last time we were at these prices we were over £5 a share, with higher debt and not even having the Ghana FSPO on stream.

Not to mention the industries finest leader, Rahul Dhir to steer us to wealthier climates.

GL ALL

Webcast key points.

Looking to farm down the $25Million cost of the drill on the Kanuku block in 2022.

No planned asset sales, but if an offer came in at a good price then, yes.

Second Rig is planned for late 2022/23.

Kenya is interesting, We are confident that we will be able to secure a strategic partner given the work that has been done to re-shape the project. It is now a compelling investment. I can’t give specific timelines except to say that the process is active and ongoing.

With regards to the year end, we are on track to meet licence extension commitments. The Government have received our draft FDP and provided positive feedback.

We are in the process of commercialisation of gas in Ghana. The first 200 bcf of gas in Ghana is gifted to the Government and we are expecting to reach that amount at some point next year.

POO at $70 will give a year FCF of $150Million.

Argentina licence is looking promising, Seismic commitments underway.

GL ALL