Member Info for Akhtar234

I can not recall it being raised, but it was over an hour presentation. They should be able to get debt below $3bn this year, if oil can stay around 60 we will do that easily. On slide 22 I am assuming those finance costs will reduce this year by $100m https://www.tullowoil.com/Media/docs/default-source/3_investors/2017-full-year-results/tullow-oil-plc---2017-full-year-results-statement.pdf?sfvrsn=8

Good find Branson, surprised they already have indicated they will pay a dividend they are very confident. I rather they keep the cash, reduce debt and perhaps invest in Kenya and not farm out.

You too branson, it has been a target for a while, to be honest I thought we would be next after Shell bought BG. But the Maersk deal came out of the blue, Total seems logical, but my fear too much overlaps and holdings they have in some wells could be a problem for majority ownership. Bp are overdue a buy out and a few Private equity firms could buy in, it is a quality company, keep an eye on costs, at the presentation they were confident finding more savings, have a good weekend too. EAS agreed, I think there is a lot of oil within the acreage Tullow owns, I think we will find within Guyana, but Suriname does have an indication oil is there. But those Ivory coast licences will be key, if we can replicate what was done across the border, we could find our next Ten or even Jubilee. One thing people forget West Africa alone we have a lot of oil there already, add in East Africa, the future is bright. The debt has been off putting but it is coming down

Not yet Jmax, but will do. I see Oil has rallied and the US, trying to guess the market antics is not my strongest point.

That is true JMAX he did well. Tullow is in a strong position now, i agree the share price has underperformed. But it could change, oil has taken a hit, but the fundamentals have been good, barring recent weakness. Big jump in rigs, but shale play breakevens will have increased.

JMAX, Tullow has lagged for a while, but the recent news last few months has been very strong. The rights issue was well timed looking at results the 2.6 x debt to earnings ratios beat my expectations i thought it would be around 2.9/3.0 times. Kenya is a big deal, i think the contingent may reduce reading articles and the investor analysts questions in the meetings but we have a lot of oil there and West africa will be at the upper end of that range, they do not want to over promise and under deliver. AH was talking a lot of gas, we are a target and it will be so, has been circling for years, but feels like we are next in line.

Branson, I am not sure why Total do not buy us out. They would get Ghana, the rest of Uganda, and 40% Kenya. Plus the recent acreage we have for exploration the ivory coast items we have just picked up could be another TEN or even Jubilee. This is a very good company geared to a 50 oil environment, when the sell off stops this will be at a higher price.

Good to see you back Presto

Actually it is good the ratio is close to that 2.5 I was assuming it word be around just underv3x. Uganda still on for this year and Kenya for next

Good find Flex, I wouldnt be surprised, as soon as they bought Maersk I thought it was a blessing in disguise as Tullow may follow the same suit as Uganda, but I was wondering if they would switch the pipeline as it makes sense to have one pipeline going from Uganda through Kenya. I hope Tullow gets a very good deal if they do farm out.

Hi GMAC, I agree, I wrote a similar post to this last year with the comparison with Kaz I am out now, but looking to get back in.

Agree mate, but as I have said with recent good news, we should be at a higher price/ Debt considerably down, lower Opex costs, Ten resolved, Uganda will go to FID in a few months, more plays in Ivory coast.

Should have hit �3.50already mate, why this share frustrates me, I may look to come back in.

Yep not many people get that, but people will take it as an opp to bring down, but oil will trade in a range. Tullow has not caught up with the oil price which is frustrating.

Reflex with an rto or update From satoshi on commercial tie ups and transactions

Agree rob but let’s see in a few months we will surely pass that 1p figure but I thought tullow should have been above £3 and it still hasn’t cracked that , but it will.

Rob just have to see new updates, but satoshi is progressing, key will be does an RTO happen or will we win more businesses and increase the value of satoshi before.

No, sitting tight. Dont need to talk everyday about this share, just watch the progress.

Don’t trade this put in a drawer and wait.

Hope not, want them to focus on the business in the background. We have had Plenry of updates, focus is more commercial deals and rto.