George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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.
I love it when we get after hours deramping. Gives me that warm and fuzzy feeling.
It's quite funny how when the Ghana tax dispute goes to the international court of arbitration it's a serious issue. However, the fact that Tullow can take Kenya to the same court to reclaim around $2b costs if they are prevented from exploiting the oil reserves is just flippantly dismissed.
We're not talking about 2023 guidance. 2023 is history. We're talking about Jubilee production being down to 80k bopd as a select few on here have claimed, despite official published numbers for August being 97k.
Still waiting for the evidence. Of course they can't provide it and will just keep on saying they're posting facts......jokers!
"with the lower production at Jubilee it will be a hard barrier to break."
Aaaaah the mythical lower production at Jubilee......Rahul is going to be devastated when he finds out and has to tell Roald Goethe that the he shouldn't of bought those 100k shares.
Https://www.constructionkenya.com/11804/eacop-oil-pipeline-project/
And another step closer to Uganda contingent payments .
Have to admit I'm very pleasantly surprised with the share price. I expected it to drift down in the run up to Christmas and then recover in January, heading upwards from there. Judging by the derampers that have appeared in the last few days, I suspect several others thought it would drift down and shorted.
Still wondering who bought those 30 million shares the other day, as no short reduction reported or holdings RNS so far. I'm inclined to think it wasn't a short reduction as the price has kept going up and looks like shares aren't being dumped.
Been holding for nearly 4 years now and assuming oil cooperates, think the next 6 months are going to be very very exciting. GLA
I'm now 100% convinced JMAX is NSVPatel. Their posting styles are exactly the same ..... I'm just posting facts .... you must have a loss .... you must be frustrated. Plus they haven't denied it. Did think it was strange they just disappeared......
JMX .... you haven't posted a single fact. All you did was quote a rumour from an anonymous unsubstantiated source that could have been posted by anyone for any agenda.
I'm even more leaning towards you being NSVPatel now, as they used to say they were doing nothing but posting facts. Your posting styles and volumes are very similar.