The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Yes started buying in the pennies back in 2020, waiting for the big pay day. $300 Million a year until 2030 at $80 is a no brainier. I can wait another 6 years, when I’ll be able to retire in the sun, enjoying my Tullow retirement fund.
Who knows Kenya may come good, then I’ll be retiring a few years earlier, but I’m youngish, and can wait, sit on my hands in the belief one day I will be a millionaire :)
We can all dream of better times.
Gl all
Bond holders are confident, the company will be able to repay the BOND next March.
Share price will catch up, just patience needed.
Gl all
https://www.boerse-frankfurt.de/bond/usg91237aa87-tullow-oil-plc-7-18-25
POO has just jumped over $83.
Gl all
https://www.bbc.co.uk/news/world-middle-east-68110358
Alot ot talk on here, how Rahul has added the Gas revenue to the year-end figures.
There's only one explanation, in order for this to happen, a long term agreement must be about to happen, as Rahul has stated this is the only way they can book the reserves and production data into the accounts.
IMHO prior to the 6 March results, we will have the Gas sales Agreement, TEN FDP Plan and an update on the Arbritration hearing along with the FPSO on TEN Lease.
The RIG is secured until next year, so either it's going to be released early, or it will re-start the TEN Field Development Plan Drilling campaign.
Looking at the late BUY trades, i'd say the next few weeks are going to be interesting.....
Gl all
Anton
Gas sales revenue, from the November trading statement, states $48 Million per annum, net to Tullow.
Ghana interim Gas Sales Agreement extended to allow for ongoing gas export, continuing the c.$4
million per month additional revenue stream; full year net gas production remains c.7kboepd.
gl all
FCF ahead of target. TICK
Production above target. TICK
Gearing ahead of target. TICK
Net debt lower than target. TICK
Drilling 6 months ahead of target. TICK
Looks a steady ship, about to head north.
Gl all
Full year net oil production is expected to be marginally below guidance of 58-60 kbopd, primarily due to Jubilee South East schedule delays and reduced water injection, which is being resolved with higher
water injection rates anticipated by year end. Production from the TEN fields and the non-operated
portfolio continues broadly in line with expectations.
Two Jubilee water injection wells brought onstream in October, three further wells (two producers and
one water injector) expected to be drilled before year end, ready for tie-in during the first half of 2024.
Gl all
The last update in November said that the wells would come online at year-end. These figures are in the past and within guidance.
What I’m interested in is the numbers for 2024.
Tomorrow is going to be interesting IMHO.
Gl all
Targeting stop losses to gain shares ready for Wednesday.
This has been walked down the last few weeks, desperately trying to accumulate shares for Wednesday's update.
The question is, pi's will be wanting a piece of this cake at 30p too, are they going to keep it this low for much longer??
A Bounce is coming IMHO, 30p top up done, now let's Boom this back up to 40P+
GL ALL
it’s currently at 93, highest it’s been since trading started.
looking strong for a bond re-structure here, along with the 2026 one.
don’t we have the ten fspo lease coming up in april?
rahul looking to optimise the rig on ten as its 80k capacity is not being fully utilised.
wonder if this is going to coincide with the gas sales agreement, ten revised fdp & arbitration hearing all due this 1h 2024 & of course the hedged oil all ends in april.
we are entering a very interesting period, don’t lose your nerve to all those numpties in green on here, don’t respond to the scum bags, there probably living in a bed sit, with not even a pot to **** in lol.
oil is on the way back up, which is where we will be soon.
gl all
If you think government are going to leave over 500 Million barrels of recoverable oil in the ground, and over $2Billion spent on the project, then you can think again.
Some nice big trades going through 750k BUY
GL ALL
Kenya has already been w.off through previous years impairments, with only a small value on the Balance Sheet.
Nice try, but do you really believe what you say on here, will have a damn bit of difference to the SP.
Gl all
The question is how many shares is he buying?
Very wealthy businessman, with deep pockets, who will know what’s going on at Jubilee and the other operations.
The rest of us will find out on 24th January.
2024 is looking good for LTH
Happy New Year to all LTH of Tullow.
Gl all