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Anyone else get the impression from the webcast, that they have been approached, it’s just the offer on the table wasn’t high enough??

Rahul said that if a big offer came to the table, then it would be considered.

Perhaps that’s what’s holding up the re-finance, a major will not require this, also the withdrawal from countries will make it less complicated if a T/O was announced.

The Ghana field would sit very nice in a IOC Major portfolio??

Just something to think over.

Tick Tock FTSE250 Here we come

GL ALL

Q2 is looking like fireworks here.

GL All

Expecting the Investment firm’s to be circling this, ready for the move.

Remember Investment firms have policies to only invest in FTSE250 companies and above, that is how the pension criteria works.

I Like the Year end accounts, especially the wording about the re-finance with possible “NEW CREDITORS”

This will start to take off later today 55p+ finish IMHO

GL ALL

More importantly Tullow released their own RNS to celebrate the event.

RNS Number 6911R

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

https://www.google.co.uk/search?q=NYSE:+GME&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari

Just the books being balanced at the end of day, Uncrossing Trade, happens everyday at 435pm

The big issue is the timing of the announcement, after markets close, on the eve of the results????

If it wasn’t such a big deal, then why after close, pre results?

Somethings a foot here, you never know, could even be an T/O offer on the table, note that would kick the SP into 250 mid range territory, more important send the SHORTER Scum running to the hills.

SHORT SQUEEZE COMING

GL ALL

Getting into the FTSE 250 can often fuel further demand for a company's shares, since funds that track the FTSE250 or invest in the index can then add that stock to their portfolio.

Getting into the FTSE250 is a big deal, expect something substantial to be announced tomorrow.

Credit Rating upgrade, alongside RBL/BOND Update, Farm out Kenya? 2nd Drill Rig for Ghana, Tick Tock.

GL ALL

Must be expecting some Good news tomorrow, otherwise would it be worthwhile announcing the listing, for us to drop out again.

This has been orchestrated, just before the re-rate and results, so that the big investment firms can get involved again.

7am can’t come with enough.

GL All tomorrow

https://www.ii.co.uk/analysis-commentary/chart-week-are-oil-majors-winning-over-sceptics-ii515373

https://www.ii.co.uk/analysis-commentary/chart-week-are-oil-majors-winning-over-sceptics-ii515373

https://www.businesspost.ie/companies/spanish-hedge-fund-spends-ps7m-to-boost-stake-in-tullow-oil-8c66939a

Next week is going to be interesting!!!!

https://www.bbc.co.uk/news/world-us-canada-56307889

Gone from the website? Update Monday? or wait until the Results on Wednesday.

That will reduce the Debt, and save $20Million a year in interest.

https://www.tullowoil.com/investors/corporate-bond-and-credit-rating/

Reminds me of the hype back when I first started in shares in 2009, GKP from 8p up to £350, Chariot oil 20X returns.

Money will continue to pour back in with the likely dividends to follow suit.

Unlike 2011 when Tullow were up to £15 a share and a FTSE 100 company, we now have our prize asset, all hooked up to FPSO, with capacity up to 250,000 BOPD, and a RIG which we have mobilising, with a 4 year contract signed for Ghana Q2.

We will see £1 well before Q4, FCF of $500+ based on $70 oil.

Which better Oil company is there at the moment to see substantial returns.

Oh and forget to mention the Suriname drill currently under way,in the worlds most sought after region for oil exploration, by the IOC’s, with the lowest taxes on oil on the planet.

This has legs in it back up to £1.50p, before you can say Shorters on their ar$e.

GL AL

$70 oil is a completely different world for Tullow.

Shorters will be licking their wounds, trying to close out.

There is a big gap up between 50p - 150p, let’s see some material gains today.

I wonder if Tullow are sourcing a 2nd Rig for Ghana???

GL All

Expecting Moodys Credit Report out soon after, should see the Pension Firms buying these cheap shares, as soon as they are able to. (To Risky with a going concern note in the previous set of accounts), however the BOD have said that these ones will have no material uncertainties.

A re-rate is on the cards, Oil prices are set to pass $70, the last time they were this high Tullow was trading in the £2. - £3 range.

2021 is the turnaround year, Rhaul was brought in for re-finances the Bonds/RBL, which was his job for 10 years at Morgan Stanley & Merrill Lynch.

GL All

Test 50p tomorrow for sure.

Increase of 1% from our main ii holder.

A week to go for results - Good News on the Horizon.

Games being played here, HOLD for GOLD, BUY if you have free funds.

GL ALL

Also it’s passed at the AGM each year, and reviewed bi-annually.

Nothing new here, just Shorter SCUM, rubbishing the success of the SP.

GL ALL

Block listing is a share incentive scheme, which all companies have available to reward staff.

Instead of the Multiple Millions in PAY, Shares are issued for performance.

Shows confidence that the new management are worth their weight in gold, and will deserve the bonus.

GL ALL