Member Info for antonvb

No expert in all of this, but don't think that is possible now as the difference between PMO at the time and TLW now is our refinancing is complete.

Probably for the same reason why the shorts didn't close....

It's being held down for some reason that's for sure, however with oil over $70 I doubt the shareholders would accept a low ball takeover offer. Plus there's been no RNS on declared holdings over the reporting threshold recently, so don't think any one institution is accumulating a big stake at the moment.

The quarterly FTSE index review will use data from Tuesday's close, with confirmed rebalance changes announced after the market close today.

The index changes are effective on Monday, September 20.

Another "warning" by someone who has sold up and moved on. Sorry Yuri .... always suspicious of those type of posts and completely disagree with your baseless comment that "tlw very likely be still struggling over next year". Especially given the price of oil so far this year. As for shorts..... yes they do sometimes lose money..... in fact Tullow has burned them badly in the past and the same will happen again if they keep this up.

Maybe Rahul is too busy running Tullow and getting Kenya up and running to worry about pleasing the likes of us by buying a few shares. He has a very generous share incentive scheme and if Tullow does well he'll be a multi-millionaire. I trust he's going to do his damndest to get us over £1 and more.

Meant to also include this bit. So those are all the ones to watch. Let's hope we keep rising this week and are 50p plus by Tuesday :-)

Indicative additions to the mid-cap FTSE 250 include Baltic Classifieds Group PLC, Bridgepoint Group PLC, Darktrace PLC, Draper Esprit PLC and Endeavour Mining PLC.

Up for FTSE 250 deletion are Avon Protection PLC, Civitas Social Housing PLC, Tullow Oil PLC and Wickes Group PLC.

The quarterly FTSE index review will use data from next Tuesday's close, with confirmed rebalance changes announced after the market close on Wednesday, September 1 - meaning the actual results of the review could differ from these indicative changes.

The index changes are effective on Monday, September 20.

By Lucy Heming;Â lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Anyone on here have a mate who works at Gaffney Cline Associates?

:-)

That's the gamble, but I'd argue that without Kenya we're still worth 60p. The statement below is taken from the last trading update in July. I don't think Rahul would be making these kind of statements if it wasn't a feasible option. Would of just been easier for him to flog it when oil hit $70 earlier this year. But it is Africa, so anything is possible and can things take longer than normal to achieve.

Kenya
· The Kenya project has been through a full redesign using data from the 2018-2020 Early Oil Pilot Scheme (EOPS) being fed into the model which is providing better understanding of both the resource and the optimum development plan.

· The technical work is complete, and the resource volumes are being audited by Gaffney Cline Associates (GCA) ahead of detailed project plan discussions with the Government of Kenya over the coming months.

· Tullow and its JV Partners expect to provide a project update to the market in the second half of 2021.

And don't for get that during that rise the oil price was under $60 a barrel and Tullows financial future was very uncertain as the refinancing hadn't announced or finalised.

No reason we still shouldn't be over 65p except for the fact that when we dip everyone sells in the hope they can buy back cheaper. Obviously works a treat if you know what you're doing as 3 times we've gone from over 60 to 40p. Sadly, I don't, so just hold for the longer term gain.

As you say, I think we'll go up fast now as the money that's been waiting on the sidelines flows back in.

At the moment we're up 5% and looks like we're sitting at position 390, so be surprised if we're still in.

https://www.londonstockexchange.com/indices/ftse-all-share/constituents/table?page=11

Guess the market can't be too concerned about it or we'd already be feeling the effects on the share price.

Basically 3 weeks away from half year results now, so hopefully see a steady rise over the next few weeks and more shorts closing.

Maybe already shared as 1 year old, but just seen this on YouTube

https://youtu.be/6QRb9DIqJ8I

Last year this time when this tanked from 38p to 13p I also went from a healthy profit to a loss. I held and by the end of the year I was back to a healthy profit. When we hit 65p I had an extremely healthy profit and then we dipped to the 40's again, then back to 65p and now we're 41p again. So twice now we've gone from 65p back to the low 40's. Both times no real reason for it, as while $70 plus oil is nice, Tullow doesn't need it for survival. I really think we'll see 65p again soon..... the clue is in the fact that there has not been a single increase in shorting reported during either of the drops to the low 40's.

Also, I'm gambling on Kenya, as I think Tullow would of sold it if they thought they couldn't develop it and Rahul has said no more asset sales. So I'm assuming he has a plan. From what I've read the pipeline can transport 60k to 80k barrels of oil a day and Tullow own 50% of the field. So 30k increase in daily production is around 50%. Pretty sure that would allow us to pay off the debt, develop other fields, etc. And push us over £1. Million dollar question is how long will all this take....

So that's my opinion anyway.....

https://www.the-star.co.ke/business/kenya/2021-07-29-tullows-future-investment-in-kenya-awaiting-audit/

https://pumps-africa.com/kenyas-crude-oil-pipeline-project-kicks-off/

https://pumps-africa.com/tullow-audits-kenyas-oil/

Just topped up .... I guess you could say I'm over exposed in Tullow now, but this just seems like too good an opportunity to miss. Even if it does go down more, I still think we'll get back to 65p or higher by the end of the year at the latest and possibly even as soon as October. Obviously depends on umpteen number of things..... time will tell.

GLA

whoops yes ..... of course should be the other way round :-). I probably mistyped it as most of the time I seem to buy high and sell low.

The value of your investment can go down as well as up, and you can get back less than you originally invested.

A lot of people lost a lot of money today. You will never ever always buy in at the exact high and sell at the exact low, so if that's what you're trying to do you need to rethink. Just doesn't work that way. To put it bluntly you just have to take the loss or be patient and wait till you can sell at a profit if you feel it will rise again.

Mmmmm.... from over 6% down to 1.5% down..... that blue finish I was predicting for today doesn't seem quite so unlikely anymore....