I know how you all love my obscure Twitter links ;-), so here's an interesting one and they don't come as more obscure than this ....
Dr. Dan Ojowa @danojowa2027
Emperor, Chairman, President & CEO at THE OJOWA EMPIRE
Posted yesterday ....
https://x.com/danojowa2027/status/1780283595044646945
"Petrojowa is exploring how to be involved in Turkana (Kenya), Mozambique, Uganda and South Sudan oil and gas development and production!"
Posted on 5th of April
https://x.com/danojowa2027/status/1776138089607401953
"Petrojowa Group is legally incorporated as Petro Ojowa Group LTD. Petrojowa deals in Exploration, Development, Production, Refining, Distribution and Marketing of Crude Oil, Natural Gas and Petroleum Products. Our journey begins officially."
There is very little info on this guy when you Google him, however there is one TikTok where he says he's running for Kenyan president in 2027. Not many views on it though.
https://www.tiktok.com/@danojowa/video/7325708710817352965
Also no info on Petro Ojowa Group LTD when you Google it. So is this legit and this is the start of a new company in Kenya in which all the relevant government ministers will have stake in order to get their gravy from the oil in Turkana or is he just as insane and deluded as JMAX aka NSVPatel/Stalinvest/etc.
Leaning strongly towards the latter.....
Been a little while since I've done one of these calculations as they've been a little depressing until recently :-)
52 Week High 39.94p
52 Week Low 21.84p
Current share price 36.58p
Shorts have lost 45.32% of potential profit since the year low
Longs have lost 8.41% of potential profit since the year high
Just filter the fool and his aliases and don't take the bait. Trust me you'll feel a lot better for it and he'll soon lose his hard on if everyone ignores him.
However this seems to suggest we'll have a pipeline in 24 months...
https://x.com/LyobaSteve/status/1779588793181339801
Recovery
@LyobaSteve
Oil&Gas , Geothermal, Institute of Ideas, Entrepreneur, The substitute for energy is poverty - it really is that simple.
"Turkana -Lamu crude pipeline coming up in 24 months. KPC financing building of 19’ pipe to Kipevu oil terminal (KOT) to optimise KPRL tankage hospitality. Work ongoing behind the scenes."
Not sure what this is all about, as besides Supercooper I just see a sea of green. Did chuckle to myself as assume it must be insulting or saying how wrong I get it, which can only mean they're rattled (ok they as it's only one with multiple accounts). I mean who in their right mind shorted this recently in the twenties .....
Oh and it is nice to know that a lot of this recent increase is being funded by Pictet buying back shares, so a big thank you to them. We've seen multiple times now that a 0.2% reduction in a short causes a 5% spike on the day they buy back. Just hope they haven't closed completely before the Kenya RNS drops, as imagine what will happen when they're forced to close 1.5% in an uncontrolled manner in a hurry. GLA
Question for you Stumpy .... in the past you've made predictions that have been pretty accurate based on your charts. Have you done a chart lately and is it following the pattern or is it going against the trend. I'm starting to think we may be on the brink of hearing a very positive development with the way the share price is going, especially if this is against the trend i.e. not in the charts.
Https://x.com/EPRA_Ke/status/1778318745968025814
Published 14th December 2023
Read Page 34 .... 5.1 Upstream Sector
https://www.epra.go.ke/energy-petroleum-statistics-report-for-the-financial-year-ended-30th-june-2023/
Published yesterday
Read Page 33 .... 6.1 Upstream Sector
https://www.epra.go.ke/bi-annual-energy-petroleum-statistics-report-financial-year-2023-2024/
When comparing the 2 reports the one released yesterday gives a lot less detail, however seems to indicate that the FDP will be approved. Not sure if it's just my rose tinted glasses though, however I'm really starting to think we'll get a positive outcome.
LeeRex I've been sniffing away and there is surprisingly little news out there, especially in Kenya. It's either because it's been Ramadan and Easter or it's because all the site visits are done, palms greesed and now the EPRA consultants are busy writing up their reports ready for the 30th June deadline. I've really got a good feeling that we'll get some good news by the deadline..... obviously as the sea of green will no doubt point out, I've been saying that for a few years now. Still, we live in hope ..... a lot more hope then we were 27p not so long ago.
Andoman99 .... what do you mean questionable ..... I'll have you know they're from very reputable sources .... just like this one?
https://twitter.com/Yetouu/status/1777720754294919474?t=BFvnwq-T9uCQig7wLM1eWw&s=19
There's a news article linked on the TLW page here stating this is on the 16th April, however it is on the 16th of May.
https://www.tullowoil.com/application/files/5317/1102/2642/Tullow_Oil_plc_Notice_of_Annual_General_Meeting_2024.pdf
Seems the Ghana Petroleum Commission have updated their website, however still no production numbers for Jubilee. Seeing production sustained over 100kbopd in Jubilee is key for this years forecasts. I've seen articles in the past where production estimates have been made based on cargos and liftings data. Does anyone know where we can get this info from? It may well be that those in the know have seen this info, we're over 100kbopd again at Jubilee and the reason why we're starting to see an uptick in the share price. Just a theory of course and may be down to the BOFA rating and the oil price, however we seldom seem to react positively to broker ratings nor track oil on the way up.
https://petrocom.gov.gh/production-volume/
From the full year results RNS:
"Kenya
On 1 March 2024 Tullow received a letter from the EPRA extending the review period of the updated Field Development Plan to 30 June 2024.
There have not been any other events since 31 December 2023 that have resulted in a material impact on the year-end results."
As we have a director buying I assume we're not in a closed period, so also assume they're not expecting any significant news for 30 days. Hopefully this won't get extended past the 30th of June and will get approved.