Member Info for Adieuk32

The perfect storm is brewing here, Oil on the rise, Vaccines are at record levels, RBL Agreement this month.

My 100,000 shares are set at 100p, will move up when it starts to get squeezed.

GL ALL

By doing this the Broker takes back your shares, that the Shorter has sneakily loaned, without consulting you about this, and saying in a nice way, my client wants to sell his shares, the shorter will try to close their position as fast as they can, 40/50p creating a short squeeze, the more the SP increases the more they panic to close their position. A sell order can be placed at whatever price you would be happy with, be it £1 £5 or £10.

When the price rises, you incresse your sell order to reflect the buying by the Shorters, not actually selling any shares in the process, but BURNING the SHORTER in the process.

Their time is up, Monday will see a gap up, just like when they shorted it from £2 to 8p, was that fair price for this company?

The Scum Bag Shorters weren’t moaning then, bringing a once FTSE100 company to its knees.

My 100,000 shares are set at £1, I’ll move them up, WHEN they get near this level.

They can have mine when I get a real valuation for our Company.

BUY If you have funds, Hold, but make use of you’re shares to drive the SP up to where it was before the SCUM got hold of it.

GL ALL

How to Prevent your Shares Holdings from being Shorted

Q:Why does short selling reduce share prices?

A: To short-sell a share speculators have to borrow the shares in the first place. Once they have done this they need to sell them in the market, and if this is done en-masse it can push the share price of a company down in the short term as there are more sellers than buyers in the market. Hedge funds specialising in short selling may also cause panic in the market by selling lots of shares in a company as other shareholders become worried about the share price plunge. Some companies will blame short sellers for dramatic declines in their stock price. The practice is so controversial that bans on short selling are not unknown and during the last credit crisis in 2008, traders were not allowed to short-sell certain banks and financial institutions.

Most borrowers and lenders of shares are institutions, brokers, etc. Mere mortals can borrow indirectly by using Spread Bets or Contracts for Difference. If you go short, you are effectively borrowing shares to sell for money; if you go long, you are effectively borrowing money to buy shares. Depending on the balance between shorts and longs, the company offering these products may choose to cover the risk by borrowing real shares to sell or by investing money to buy real shares.

Q:What can you do to prevent your shares holdings from being shorted?

A: Now what can the average personal investor do to stop their own shares being shorted, as believe me your own broker, if approached, WILL sell your own shares that they hold on your behalf as a nominee account.
There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple. All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are ‘on order’ they CANNOT be lent out by your broker and in turn you are REDUCING the amount of ‘free shares’ out there that can be used for shorting purposes. And DONT forget to move your limit order up when the price starts to recover, then, that way your shares CAN,T be shorted – not much but helps :D.

Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders did this it would reduce the overall amount of shares that they could get their hands on.

In my opinion well worth doing if not only for the knowledge that your own shares cannot and will not be used in a short attack against the very share that you own.

Shorters are going to get Burnt, next week.

Exciting times ahead.

GL all

If you set a sell price way above the current SP, say £1 - £2, you’re shares are taken off the table for MR Shorter guy to have to borrow, Shorters work, by loaning OUR shares, by doing this they will have to scramble to find available shares, in order to close there short, if by taking these off the table, they will get BURNT, having to BUY back the shares at levels way above the SP.

Think of it like last year when the Oil price went negative, All these hedge funds got Burnt when there was so much supply, and no one to take it, they were paying to take the oil off their hands, well it works both ways, less shares in the market results in Shorters scrambling to close their positions, which creates a Squeeze upwards, Losing then millions.

I will not be selling any of my shares, and will adjust the Price according to the SP Increase.

They will be desperate to get out, so it could move pretty fast.

GL All

With 7% of the shares on loan by the Shorters, they will be scrambling to get out Monday.

What’s the closing price to expect Monday 40p/60p/£1.00?

AMC up 500% GameStop up 1000% Tullow up ?????

GOING TO BE INTERESTING DAY ON THE CARDS MONDAY.

GL ALL

Q:What can you do to prevent your shares holdings from being shorted?

A: Now what can the average personal investor do to stop their own shares being shorted, as believe me your own broker, if approached, WILL sell your own shares that they hold on your behalf as a nominee account.
There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple. All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are ‘on order’ they cannot be lent out by your broker and in turn you are reducing the amount of ‘free shares’ out there that can be used for shorting purposes. And don’t forget to move your limit order up when the price starts to recover, then, that way your shares can’t be shorted – not much but helps :D.

Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders did this it would reduce the overall amount of shares that they could get their hands on.

In my opinion well worth doing if not only for the knowledge that your own shares cannot and will not be used in a short attack against the very share that you own.

It would be great, if for every $1 increase in oil, we received a $1 in the bank.

Doesn’t work like that in the oil business, in any business, you don’t take the top figure.

Tullow have expenses like every other oily, Taxes, lifting charges, FPSO expenses, Shipping fees.

Based on the CMD, Rahul mentioned that at $55, Tullow have $27 (About 45% GP%).

If you take the bottom line figures, ie Cash from operations, which equates to circa.$4.5 Dollars to Tullow Multiply this by 63,000 x 365Days = around $103 Million Additional cash available.

I do this for a living, and have been for 25 years, I know the difference between T/O and Net Profit, obviously some people don’t, please don’t question my maths, it’s my job.

It could be because the MNR of Kurdistan keep stopping the payments to Oily’s. They haven’t paid for the oil GKP pumped out early last year for one, According to IRAQ the contracts are illegal.

Also they have a $100 Million Bond outstanding.

Shaikan is world class, but unfortunately it’s in the wrong place to achieve its potential.

All IMHO & DYOR

I’m holding, topping up on the dips.

Shorts will get burnt, soon enough.

RBL will be Agreed in February, as per IR email.

If anyone hasn’t watched the CMD webcast, then highly recommended, maybe 2 hours long, but very interesting to watch.

https://edge.media-server.com/mmc/p/g9nkoj9k

One quote on there the Ghana operations manager, Wissam states, that big oil fields tend to get even bigger.

With Gas increasing this year to 190 (mmscf/d) and 250 by 2024, and water injection rate from 180 to 300 (kbw/d) by 2023, the recovery rate and production rates are going to increase substantially, from 2022.

Reserves on the field will increase, in line with more development well drilled.

At $55 a barrel oil price, equates to $27 a barrel cash flow. At 63,000 barrels a day equates to $630 Million a year cash.
Add to that every $10 increase = $100 Million additional cash.

2022 will see an increase back up to 65 - 80,000 barrels a day (As per CMD Slide 7). Bring in an extra $150 Million a year.

No decommissioning costs next year, saving $100+ Million, and $125 Million in OPEX savings.

With an increase in oil prices from the CMD, from $45 to $55, the 10 year plan, is looking even more fruitful, and that’s what I’d expect the board to be basing the plan on a more liquidity facility moving forward.

The 2021 BOND is on the rise, always a positive, before refinancing. https://www.boerse-frankfurt.de/bond/usg91235ab05-tullow-oil-plc-6-25-14-22

Stena Forth drill ship has moored into position , looking at the activity log.

https://www.myshiptracking.com/vessels/stena-forth-mmsi-235074573-imo-9428932

Let’s see what next week brings.

All IMHO & DYOR

GL ALL

Dear xxxxxxx

Sorry that your calls had not got through yet. Happy to set up a call if you would like to discuss anything further to the below.

We requested the January redetermination as an interim redetermination in order to reflect the outcome of the new business plan and strategy laid out at the Capital Markets Day. It has now been extended by up to one month in order to give more time to help our RBL lenders understand the significant changes in the strategy in detail and we need to give sufficient time for that.

Yes, as with our banks and equity holders, we are in constant conversation with our bondholders too. The RBL redetermination is targeted to complete in February and the wider conversation of debt refinancing options is expected to complete in the first half of 2021.

The GVN-1 well was, prior to the Trading Statement, incorrectly reported as having already spud. It is due to spud imminently. We do not tend to release an RNS on spud, but will do so to report the results.

Kind regards

Matthew

Why would the board bring forward the date to January, instead of leaving it at March, and then extend it by a month? Something just not adding up.

Why does it seem that any good news is played down?

Example - someone on here asked a couple of days ago, what happened to the well they drilled, the Ntomme-09, well it took me 1/2 hour to see this small little bullet point hidden away in the 1/2 year results? Surely the success, was worthy of an RNS, being the only Well drilled last year in Ghana?

Ntomme-09 production well came on stream in August and is incrementally adding c.5,000 bopd gross to TEN oil production.

Also why do we find out that the Suriname Drill has started, when we are the operator of the block!!!

We need to know what is going on here, I’ve tried to call, email, it’s like there playing down, for some reason, Asset sale, D4E, T/O, Farmdown, Liquidation, who knows, but we should be informed of any offer....

Being a share holder of our company we need to be told what is going on, why the delay, when the CMD in November, was so positive of a January RBL Agreement,.
The old CEO was untrustworthy, just hope the new captain, doesn’t go down the same path.

Many PI hold Tullow shares, let’s put some pressure on the board to be open about what’s going on?

Today’s share manipulation was orchestrated, by insiders, my report will be filed at SEC very shortly.

Still holding,

GL All

Ghana drilling to recommence 2H 2021, with first well on stream 3Q 2021. Earlier than expected.

FCF of $200 million for the year.
RBL Extended to February, Wonder what’s going on with the Bonds?

Debt is down $0.5 Billion

Suriname drill is due to start very soon.

GL ALL

Expecting BOPD in Ghana to be lower this year due to lack of investment in the TEN/Jubilee field during 2019/2020 year.

2020 forecast of 75k a day net to Tullow.
Markets already factored in a decline, but how much is the question. Anything above 65k IMHO is a bonus, and is good news.

Kenya is looking more interesting, with oil at $56 and potential to go further, currently anything below $50 is not viable, due to infrastructure issues and local taxes, which could all change very quickly.

A farm down would be a bonus, a sale would be significant.

Ghana is key with 600+ million barrels, net to Tullow of oil in place, with only 15% so far extracted.

Looking for some Firm drilling commitments, for 2022.

Suriname drill campaign underway announcement.

RBL, already factored into price, Bond refinance to 2026+ would be a game changer.

A lot of potential, a lot of uncertainties, tomorrow will give us a clear focus on where the company is going, along with the share price.

Rahul runs a very tight ship, 30 years experience, including working at Morgan Stanley and Merrill Lynch, surely he has a few contacts to extend the bond maturity dates ??

GL All for tomorrow

Another top up, under 31p is a bargain.

Thanks MM's for my cheap shares.

Say for example you made losses in the tax year 2019/20 of £7k, this can then, be carried forward against any future gains, in the next tax year 2020/21.

This loss can only be used against your share of future profits, before the CGT Allowance is deducted.

Using losses to reduce your gain
When you report a loss, the amount is deducted from the gains you made in the same tax year.

If your total taxable gain is still above the tax-free allowance, you can deduct unused losses from previous tax years. If they reduce your gain to the tax-free allowance, you can carry forward the remaining losses to a future tax year.

Reporting losses
Claim for your loss by including it on your tax return. If you’ve never made a gain and are not registered for Self Assessment, you can write to HMRC instead.

You do not have to report losses straight away - you can claim up to 4 years after the end of the tax year that you disposed of the asset.

If you open a joint account say tomorrow, then both your allowances will apply for the 2021/22 tax year. I guess you will do a B&B share trade to bring them both into joint names.

Hope this helps.

Your gain is £16,000 - £12,300 allowance = £3,700 Chargeable gain, for the 2021/22 year.

If it’s a joint trading account, you both get the allowance, therefore £0 gain.

The sale has to be reported if the following apply:-

the total amount you sold the assets for was more than 4 times your allowance
you’re registered for Self Assessment

Also if you made losses in a previous year, then these can be rolled forward, against future gains.

Hope this helps.

Stena Forth should be docking at some point tomorrow.

$100 Million drill contract by Total awarded in Suriname, going to be a an oil Boom in that part of the world this year.

GL all

Nice top up, these prices will be distant memory next week.

GL All

Ignore him, only shows up when the SP drops.

A Shorter, trying to mislead people, by Fake news, company announcements are the only reliable info to believe.

They will disappear after under their stone next week, unfortunately, at some point they will rear there ugly heads again.

GL ALL