Member Info for antonvb

It's been very close to that already this year, so far from impossible.....but we need $60 oil again so we can go over 60p again. These high oil prices are hurting our share price badly.

Well we don't need to ask IR to figure out it's taking ages, however if we look at the question and answer.....

Q: when can we expect the final approval of Kenya plans?
A: We are unable to guide on the timing of this

The question was when can we expect the final approval and the answer was that they can't guide on the timing. While the answer is vague, I personally think we can read a lot into it as it doesn't indicate a negative possible outcome. To me the answer sounds like we will get an approval at some point and it is just taking time, rather than it is still an unknown outcome. If there was doubt, I think the answer would be phrased differently, a lot more generic and evasive. Example .... "We are currently unable to comment on this" or something similar. Could be I'm reading too much into it, but I'm hopeful.

Also, looks like the summer Tullow share sale is ending soon.

I emailed Tullow IR about this and got the following response this afternoon. I really wonder if there isn't a negative information campaign being waged against Tullow (https://www.investopedia.com/terms/s/shortanddistort.asp).

Dear Anton,

Thanks for getting in touch.

Yes we are aware and the team have already been in touch with them to understand why this it has not been updated yet.

Kind regards
Matthew

I repeat again ........ we have been here many times in the past year when we dropped for no real reason and every time the doom mongers come out with their 30p, yet we go back to the mid 50's very quickly ..... got to remember we were 60p when oil was $60. Blind optimism or not, we're not going back to 30p no matter how much anyone wants it. It's 3 weeks to the half year update and oil has been around $120 for the past 6 months. I've waited 2 years, so think I can wait another 3 weeks......

Seriously though..... I don't know why people are surprised. We've seen us go from well over 60p to well below 50p more than 5 times in the past year while oil has gone from $60 to $120 a barrel. The Tullow share price doesn't have a lot to do with the price of oil at the moment unfortunately. They do it because they can and they make a LOT of money doing it. That said I'm really hoping that we get a decent update on the 13th and this nonsense ends with us seeing a significant rise. Keith Hill said we should know about Kenya by the end of June and there's 7 days to go. Of course they did miss the May deadline he gave so who the hell knows.

Summer Sale Event starts NOW! Save up to 100%
Prices never to be repeated again
Grab em while you can!

Our prophet for profit is shawz007 .... all hail the shawz007

Ah...apologies......read your post a bit too quickly

Every time I hear people mentioning 75% hedging I want to tear my hair out...... WE ARE NOT SELLING 75% OF OUR OIL FOR $57 A BARREL.....FFS

While true for some of our oil, it has been explained many times that not all hedges have a ceiling price and still give full exposure to the upside. Hence why we averaged over $80 a barrel in January when oil was averaging $100 a barrel. I think we're going to be pleasantly surprised on the 13th of July.

Not too sure as find these RNS's hard to interpret, but I wonder if this in the RNS is what they're lending out to the shorters?

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument - Securities Lending
Expiration date - Open
Number of voting rights that may be acquired if the instrument is exercised/converted - 44,072,521
% of voting rights - 3.064422%

I think Rahul has proved so far he's no fool, as he's delivered what he's promised and in the AGM he was composed, plus for the first time appeared very confident. Dare I say it, almost a little inspiring for a change. I think the merger is not an IF, but rather a WHEN as we're going to get the K bomb RNS dropping before the vote. With Kenya on the table and our share price up to 60, 70, 80p the merger is a no brainer for CNE holders. This is why the merger RNS doesn't give an exact date and it's only in Q4 this year.

"The Scheme Document will include full details of the Scheme and the Combination, together with notices of the Court Meeting and the Capricorn General Meeting and the expected timetable of the Scheme, and will specify the action to be taken by Capricorn Shareholders. It is intended that the Scheme Document will be despatched to Capricorn Shareholders following receipt (where required) of the consents, approvals or waivers referred to above and in or around the fourth quarter of 2022 (unless otherwise agreed by the Panel, Tullow and Capricorn) and a further announcement regarding the publication of the Scheme Document will be made in due course."

July 13th is not very far away..... we'll be 55p again before then. We haven't woken up to world peace this morning.....just a little dip in the oil price.

Sorry, forgot to mention .... and of course thanks again for sharing their feedback

Can you ask them why FTSE Russell has updated every share except Tullow with their fundamental info from the 2021 results. Anyone looking at Tullow fundamentals sees a loss of over $1 billion and doesn't see the vast improvement on that in 2021. Thanks

BigRisky you need to stop bothering about Tullow directors buying a couple of shares, leave them to rather worry about running Tullow and read this RNS released on Friday:

Form 8 (OPD) - Tullow Oil PLC (Offeror)
Fri, 17th Jun 2022 11:04
RNS Number : 2944P
Tullow Oil PLC
17 June 2022

Rahul has nearly 1.5 million shares already and an option from 2020 for a further 9 million maturing in 2025. Trust me he wants £1 plus a lot more than you do.

Anything is possible....but if that happens I think I may have to sell the house and go all in.....

As well as the the 4.3m purchase that RNS shows a sale of 9m shares. So wonder if we have our good friends at Morgan Stanley to thank for yesterdays drop or one of their clients. People talk about manipulation and that is a potential example of how one could potentially manipulate a share legally. If you have a large holding and sell hard and fast the price will tank 5 to 10%. You'd shift a large portion of your holding before the full effects of the drop are felt. Then later you'd slowly buy back and accumulate your shares to build back your position. Not illegal and we could all do it except we don't have deep enough pockets.

Disclaimer: Not saying that this is the case here or accusing anyone/institution of any wrong doing or illegal activity.

Adieuk32 this looks like it is the RNS for the 4.3 million purchase.

Fri, 17th Jun 2022 10:04

RNS Number : 2799P
Morgan Stanley & Co. Int'l plc
17 June 2022
FORM 8.5 (EPT/RI)

Except the world is a difference place at the moment .... we've still not returned to full normal after 2 years of lockdown, oil production is suffering from years of under investment, China still thinks it can have zero covid, there's 1m bopd being artificially pumped into the markets from strategic reserves, the EU and US are weaning off Russian gas and oil, Iran and the US are far from signing a nuclear agreement, people are waking up to the fact that the green agenda is a con to tax them more and we need fossil fuels for cheap enregy, the US and Russia are waging a proxy war in Ukraine.

I have no doubt at some point in the future there'll be another crises and oil will tank. However, my feeling is things are going to get a lot worse before they get better (if ever) and we'll be seeing oil closer to $150 a barrel before we see it under $100 a barrel. So don't think we need to be concerned about the price of oil for a few years, especially considering 100k bopd at $60 is revenue of $2,190m a year.

You're a few months too late for Q1. But on the 13th of July there is a half year update.