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Cash cow c$200m fcf at 9% discounted rate of return = $2.2Bn. Suggests the price will be 50p+

Just need KOS rns and the price to spike again. Strange week so far

Yay

@ these higher oil prices should bring full year free cashflow topend of the guidance. Debt down. Reserves. TLW is a little gem

Come on KOS

Reserves at 31.12.2023

212 mmboe net 2p reserves

725 mmboe net 2c reserves

..and sustainable freecashflow.

2p at H1 2024 193.5 mmboe

https://www.tullowoil.com/application/files/7917/2742/0753/2024_1H_Reserves_Report.pdf

Great news

'The bonds may be difficult and more expensive to refinance in the current market'

You saying glencore could buy it and convert the loan?

So major opec economies need $80+ to breakeven. Trumpenomics wti need $64+ to breakeven (drill babydrill). No wonder sustainable capital want TLW cash cow

'We believe this is a very bullish deal as it removes the bulk of the crude oversupply for the next year'

Good for TLW IMHO

https://www.ft.com/content/8b48af39-291a-4bbb-abde-6470a5d57917

What's not to understand. His long term incentive plan expires end of this month. Why would he stay? Only if he can exercise his options at 55p but the most says 30p to 50p...

'probably been on the cards '

Well his LTIP ends this month so that was always on the cards.

The RCF was comforting with regard to liquidity.

'The extension was materially oversubscribed, demonstrating Tullow's strong and enduring relationships with our lenders and providing us with confidence as we progress our plans to address our remaining debt maturities'

So Rahul wont get the cherry but sustainable capital believe they will. Cant argue with the money imho

Reserves at 31.12.2023

212 mmboe net 2p reserves

725 mmboe net 2c reserves

..and sustainable freecashflow.

2p at H1 2024 193.5 mmboe

https://www.tullowoil.com/application/files/7917/2742/0753/2024_1H_Reserves_Report.pdf

..existential investing perhaps is a better description of what is going on

I guess he has run out of network contacts. Just like waiting for godot he leaves his shoes at the edge of the stage for the next ceo

Wasnt expecting that...

Opec delay to 2025 plays into a supply glut and trumpenomics. Oil price is the only solid fact and it's up today woohoo

It's nearly back were it was before the update.

How much is 4 tankers at $74 worth, probably offsets the gov delayed payment so top end of lower guidance???

Well, Godot never actually arrives but I expect the final arbitration will. Maybe Pozzo and Lucky's fortunes are about to change? Sustainable Capital got the shoes

A regional business would get alot of asset leverage

Reserves at 31.12.2023

212 mmboe net 2p reserves

725 mmboe net 2c reserves

..and sustainable freecashflow.

2p at H1 2024 193.5 mmboe

https://www.tullowoil.com/application/files/7917/2742/0753/2024_1H_Reserves_Report.pdf