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JMAX care to elaborate on who this major player is who reduced, as when you go through the RNS's there isn't one. So either you're telling porkies, they forgot to file an RNS or this is the special information you've alluded in the past when posting as NSVPatel....
Https://www.africaintelligence.com/eastern-africa-and-the-horn/2024/01/09/ruto-calls-on-tullow-oil-to-build-a-refinery%2C110135883-bre?cxt=PUB&utm_source=AIA&utm_medium=email&utm_campaign=AUTO_EDIT_SOM_PROS&did=110087002
Unfortunately need to subscribe to read the full article.
POWER why don't you actually read it rather than just post negative speculation. Oh wait, that doesn't suit your agenda.....You post something negative about this share at every opportunity without any factual basis to back it up. You're really are a fool holding a share that you're so negative about.....or are you really holding long. Hmmmmm
JMAX you're bipolar....one minute you're the world's greatest trader and next minute you're a LTH. Have you been holding since this was £14????
POWER ..... the EU deal has been in the making for years and nothing to be particularly concerned about if you're long or short.
https://www.consilium.europa.eu/en/press/press-releases/2023/12/19/the-eu-and-kenya-sign-a-landmark-economic-partnership-agreement/
So in light of no production figures for Jubilee or TEN since August I put on my Sherlock Holmes hat and came up with this....
https://www.ogj.com/drilling-production/production-operations/article/14301198/kosmos-increases-production-17-over-years-second-quarter
"Jubilee (Kosmos 38.6%) averaged 95,900 b/d of oil gross in this year’s third quarter—up 32% over the previous quarter—however two water injector wells online post-quarter end were delayed due to operational issues and downtime of the water injection pumps was longer than anticipated, leading to slower ramp up in the quarter which may defer one Jubilee lifting into first-quarter 2024"
Now we know that in July and August the production figures for Jubilee are as follows:
https://www.petrocom.gov.gh/production-figures/#
July, 2023 2,760,625.00 0r circa 89 kbopd
August, 2023 3,036,877.00 or circa 98 kbopd
So using these figures and the average for Q3 2023 mentioned in the article, this means that in September Jubilee produced an average of 101 kbopd. Unfortunately I can't do the same for TEN as don't have the average for the quarter, however production at Tullows biggest producer is up over 32% and that is before the water injection issues are sort and the Q4 wells are bought online.
Believe what you will and post what you want, however I think the update on 24th of January is going to be very very interesting.
JMAX ... last reply to you and then I'll ignore you, as it's futile engaging with you. You know nothing about me or how much I've made or lost in the last 4 years. Also, I really don't care how much you've made or lost in the last 2 days. It is utterly meaningless to me and has no relevance in my life, so I've never given it a moments thought.
Https://www.businessdailyafrica.com/bd/economy/mps-fault-noc-revival-plan-over-sh8bn-debt-load-4481724
"The Cabinet had given NOC up to the end of September last year to onboard an oil firm to be its strategic partner but the deadline was later pushed to end of October due to delays from the Treasury to give the corporation a go-ahead.
The government has since gone mum on the process even after NOC sounded out the three top oil multinationals in Kenya, Vivo Energy, TotalEnergies and Rubis Energy Kenya to gauge their keenness on a possible deal.
Officials who spoke on condition of anonymity said NOC was nearing a deal with one of the multinationals by November last year."
JMAX ... I hate to burst your bubble of delight in others misery, however there's a fundamental flaw with your comment "More easy cash as the longs get pumped again ;)" that you're missing. That is the fact that yes the share price is a bit down today, however no one long has sold told. So what really matters is the price on the day the LTH sells, small short term swings are irrelevant. As for Kenya we'll see what happens, however there is more evidence of something happening then nothing happening. Either way, everyone expects Kenya no to happen, so if not the effect on the share price will be muted. However, if it does, we'll probably see the biggest daily gain in TLW share price in a very long time.
POWER .... your logic is flawed. If you're expecting bad or very mediocre news in the update, how are you hoping for 60p. If you think the news isn't going to be bad then sell now while you can get nearly 40p. You also need to take another look at the graph, as mid December we were 32p and this BB was full of chatter about going to 20p again. Now despite oil being under $80 we're around 20% up since then and the chatter is about us going over 40p. That to me certainly doesn't look like a downward trend.
As to news in the update, production numbers will be very interesting. The Ghana Petroleum Commission haven't updated the production numbers for Jubilee and TEN since August. In august Jubilee produced around 97bopd despite some water injector issues (we were told these were easy to rectify) and new wells due to come online. An update on Kenya would also be nice, however not holding my breath on that one.
Https://oilprice.com/Latest-Energy-News/World-News/Biden-Administration-To-Purchase-More-Oil-For-SPR.html
14 million bought so far, 3 million now for April and then only another 283 million barrels to buy back. Oil should be back under $50 a barrel in no time at all...... errrrrm
That's only because I don't have your special information......or post from multiple users till they all get blocked by admin. But the good news for you is all my opinions are provided to you free of charge....so enjoy.
Exactly 3 weeks left to lift off .... should see the share price rise up to the trading statement and blast off from there if we have good results, an improved production forecast for 2024 and the oil price holds.
https://www.tullowoil.com/media/press-releases/november-trading-update-6/
"Tullow’s next scheduled update will be its Trading Statement on 24 January 2024."
Supercooper.....we'll never truly know why AOI and Total walked. There's probably many reasons and remember they only had 25% each. If the Kenyan government exercised its right to 20% that would leave them with only 20% each. Then take the stretegic partners bite out of that and they would be left with very little in the end. So the risk reward ratio probably just wasn't there for them or perhaps Rahul is more shrewd then you give him credit for. However, that is now irrelevant and which ever way you look at it, Tullow owning 100% now puts them in a much better position. Also, remember that Tullow walked from Namibia and look how that turned out. Just because Kenya wasn't viable for them at the time doesn't mean its a dead duck.
Gingy and POWER.....I just don't see why you'd hold for so long, absorb all the stress and then sell for a small profit at 40p. Kenya is definitely not priced in and we should know by the end of Q1 2024, so not long to go now. Obviously everyone is entitled to do what they want as it's their money and they need to consider their financial position. If you've been sitting on a loss and you're financially stressed then perhaps getting out while you can is the best policy.
JMAX I'm not a trader. Everytime I try that someone else makes money and I lose money. I was fortunate enough to get in low and can afford to wait. So that's what I'm doing. I treat this like a lottery ticket. I don't want 3 out of 6 numbers to win £10. I want to hit the jackpot. If the stars align then its life changing for me. If not, then so be it. I might get tired of waiting at some point, however I'm still patient for the moment.