Member Info for Android101

LoL yeah much higher. In the imf, oecd, wto models rotational space matrix, higher would be an outlier at this point

Cant remember where I read it but it was in relation to their economic budget, not the business itself. Each country has a unique portfolio and saudi is heavily dependent on oil

Scaffman, the biden exec order will probably be reversed by Trump. I think Saudi need $80 oil to breakeven. TLW flush with freecashflow in 2026 and bonds rolled, well, they have optionally. Investment for gowth probably. See who the new CEO is and the strategy

Was saudi price rise on opec cuts.

If his generative AI actually worked influencing capital markets, he would be posting what a great opportunity TLW has. Offshore drilling? Dont think you can do more of that in USA? Free speech or just say nothing? I wouldnt go as far to say Elon is a spiv, though.Oil price speaking volumes imho

'if you want to blame someone for the recent sp, look at goldman or pictet or gussy and krackhead et al'

lol and morecambe and wise, ****nal

'LTH posting negative comments'

You mean LTH who are short on the stock. Unlikely that's the PIs.

PIs dont add up to much

https://shorttracker.co.uk/company/GB0001500809/

Https://www.thearmchairtrader.com/uk-shares/tullow-oil-ghana-tax-dispute-lon-tlw/

'very different to the branch tax case.'

Naah, same, as it's about lost profits. TLW have provided for any tax due and the double tax legal framework applies imho

Ghana will double up effort on the $4bn IMF loan and Kenya will be running their ruler over similar imo

The tax decision was always going to follow the legal form and TLW wont be reporting any cost as they already had covered in the last set of statutory accounts. It's more good news to confirm the outlook.

TLW just became more valuable?

https://www.bloomberg.com/news/articles/2025-01-02/biden-to-block-more-offshore-oil-drilling-before-trump-arrives

'Wonder if we'll get someone else trying a takeover now that the first tax claim is sorted'

It's a perfect target for a big oiler, all that freecashflow and reserves. £1 would help me out.

Brent over $76 too.

Surely you cant buy $2bn freecashflow and $4bn assets for $0.3bn with a clear runway beyond 2026. And ghana gov may now get a $4bn IMF loan setting ...and Kenya too?

Great start to 2025. My gastroscopy next week could just be indigestion lol

Does that mean the market value will be up a little bit tomorrow morning?

Thank god for brent oil futures, nicely up for the close.

Can only be in or out. The SP spiked before the bid, tanked on the news of the bid, tanked on news no bid. Systems flooded with shorts and low volume. Swap at close of business yesterday is as much as I can tell for now

Max make a good point. The SP is nt moving because of news. It just short volume and share counting until 5% of the pi left. I am guessing nmust be close to another big up tick on the good tax news

Most recent view tax

'While it is not possible to estimate the timing and amount of tax cash flows in relation to possible outcomes with certainty, as they are subject to outcome of court/arbitration proceedings and any potential appeals, management anticipates that there will not be material cash taxes paid in excess of the amounts provided for uncertain tax treatments.'

'The Ghana Revenue Authority (GRA) is seeking to apply BPRT under a law which the Group considers is not applicable to TGL, since it falls outside the tax regime provided for in the Petroleum Agreements and relevant double tax treaties.'

https://www.tullowoil.com/application/files/6317/1102/2450/Tullow_Oil_plc_Annual_Report_and_Accounts_2023.pdf

'While it is not possible to estimate the timing and amount of tax cash flows in relation to possible outcomes with certainty, as they are subject to outcome of court/arbitration proceedings and any potential appeals, management anticipates that there will not be material cash taxes paid in excess of the amounts provided for uncertain tax treatments.'

'The Ghana Revenue Authority (GRA) is seeking to apply BPRT under a law which the Group considers is not applicable to TGL, since it falls outside the tax regime provided for in the Petroleum Agreements and relevant double tax treaties.'

https://www.tullowoil.com/application/files/6317/1102/2450/Tullow_Oil_plc_Annual_Report_and_Accounts_2023.pdf

No worries. It's going to be hard for the analysts to explain they missed the taxation line in their spreadsheets. Unlikely they did, so a wash from a tax perspective.

Only stupid people pay taxes according to trump