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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.
He's probably just opened his ISA for 2024/25
"Roald Goethe, Director at Tullow Oil, holds 24.19M shares in Tullow Oil (Ticker: GB:TLW). Most recently, Roald Goethe Bought 40,604p shares of Tullow Oil on Apr 08, 2024 for an estimated value of 13.77K."
Thanks Tman75 .... been resisting posting on here and getting involved in the petty squabbles. It's become mostly the usual suspect posting nonsense under their multiple ID's. Even to the point where they're having conversations with themselves. Plus been on holiday and there doesn't seem to have been much to post about in the past few weeks. All gone a bit quite on the news front, especially in Kenya.
My Filter list:
JMAX
NSVPatel
JoeyWunna
Monopolyman
RB77
On another note it seems to have gone pretty quite on Kenya, as haven't seen any Tweets or postings for a few weeks. Not sure if it's because of Ramadan or the Easter Break, however let's hope it's just because those EPRA consultants are finalising the paperwork. GLA
I noticed that too fogthemogg. This BB is fast becoming pointless and the domicile of the mentally deranged...... I honestly think JMAX = JoeyWunna = Monopolyman and many other accounts. Just posting for attention and every possible scenario so they can claim to be right one day. They seriously need help.
Even the yanks are finally having to admit it....
https://oilprice.com/Latest-Energy-News/World-News/The-US-Breaks-Its-Self-Imposed-Oil-Price-Ceiling-of-79-to-Refill-the-SPR.html
What happend ..... ran out of patience with our friend Gingy. Claims to be underwater... OK I feel for them.... but then every time..... OK often .... there's is good news they post a negative sentence. Like this gem when we rose 10% yesterday....
"That's your fun for the year, back down now, or it may hover around here for few months. LTH"
Sure it's just an opinion and ramping/deramping on here doesnt do anything for the share price jn the grander scheme of things, however if you are indeed underwater and you want to get your money back that's definitely not the way to go about it. Hardly going to encourage anyone popping their head in here to see why we're up 10% to invest and winds me up as not helping get this to a £1.
Take the victories when you can get them and shout it to the roof tops I say ......
I've not really seen the share price react much to positive or negative broker ratings in the last 4 years.... one exception being when we were downgraded by Jefferies. This is all I can find when doing a quick search on Google and nothing at all on Twitter.
https://www.marketscreener.com/news/latest/TULLOW-OIL-PLC-BOFA-GLOBAL-RESEARCH-RAISES-PRICE-OBJECTIVE-TO-5--46275238/
So seems strange to me that this resulted in a 10% rise and especially as it rocketed before the market opened to Joe Public. Could be that BofA are perhaps building a stake in addition to their rating or perhaps a short is reducing and buying back because of their rating or something else is happening and just coincidence. Going to be an interesting week methinks.