Member Info for antonvb

Lucky for us there’s 4 quarters in a year and no more planned shutdowns…..

Told you he was going to have a busy day. So far today 11 posts and that excludes all the ones he’s had deleted by the moderator.

Better scenario… they drill another well this year and 4 next year. Each produces 10kbopd like the one they just drilled and annual production is increased by 20kbopd net.

Https://kenyanwallstreet.com/cabinet-approves-kpc-privatization-paving-way-for-september-nse-listing/

MaverickD those are Kosmos hedges. Tullow has its own hedging so don’t think we can read too much into that.

Yup he’s busy today. JBOTMAX resorting to posting blatantly misleading posts and of course the usual insults… desperate stuff. Those production numbers are from Q2 and include know issues that cause the reduction and don’t include the new well. So don’t reflect the current situation. As to the reserves I think I’ll believe what Kosmos say thanks.

“At Jubilee (38.6% working interest), oil production in the second quarter averaged approximately 55,300 bopd gross, reflecting nine days of scheduled FPSO shutdown, a period of riser instability, which has since been addressed with riser base gas lift, “

“During the second quarter, Kosmos and partners signed a Memorandum of Understanding (MoU) with the Government of Ghana to extend the production licenses to 2040. The partnership anticipates submitting the documentation to the government shortly with formal approval expected later in the year. On completion, Kosmos expects a material uplift in 2P reserves in Ghana.”

Very positive contrary to what JBOTAMAX would like you to believe….. he’s going to have a busy day today

https://investors.kosmosenergy.com/news-releases/news-release-details/kosmos-energy-announces-second-quarter-2025-results

At Jubilee (38.6% working interest), oil production in the second quarter averaged approximately 55,300 bopd gross, reflecting nine days of scheduled FPSO shutdown, a period of riser instability, which has since been addressed with riser base gas lift, and underperformance of certain wells in the eastern side of the field, including Jubilee Southeast. Facility uptime was 97% with voidage replacement around 104%.

The Noble Venturer rig successfully drilled and completed the first well of the 2025/26 drilling campaign. This Jubilee main field producer (J-72) encountered more pay than expected and is currently producing around 10,000 bopd gross. The 2025 rig program has been optimized to drill a second producer in the Jubilee main field. As a result the rig will now undergo a period of scheduled maintenance before drilling the second well, which is expected online around the end of the year. Following completion of the second well, the rig is scheduled to drill four additional wells on Jubilee in 2026, targeting well-defined Jubilee main field producers, supported by good adjacent well control, similar to J-72.

As previously communicated, to achieve the full production potential of the Jubilee field, a consistent drilling program is required, informed by the latest seismic technology, alongside high facility uptime and sustained water injection. The narrow-azimuth (NAZ) seismic acquired in the first quarter is now being processed and the fast-track results show a significant uplift in imaging quality. We expect the imaging quality to be further enhanced through the acquisition of ocean bottom node (OBN) seismic, which is planned for later this year. The OBN data is expected to upgrade the velocity model to further improve the NAZ processing. These enhanced seismic products are expected to benefit future drilling campaigns, identifying undrilled lobes, unswept oil, and new opportunities in Jubilee Southeast.

During the second quarter, Kosmos and partners signed a Memorandum of Understanding (MoU) with the Government of Ghana to extend the production licenses to 2040. The partnership anticipates submitting the documentation to the government shortly with formal approval expected later in the year. On completion, Kosmos expects a material uplift in 2P reserves in Ghana.

Patience, patience xxnjr. Update is only a few days away, so hopefully we’ll get more details then. Also, we should get a few clues regarding Jubilee in the Kosmos update on Monday.

Seems to suggest the ownership issue with regards to the percentage gifted to Tullow is sorted.

https://www.legaleraonline.com/global-deals/dentons-advised-gulf-energy-on-acquisition-of-tullow-kenya-bv-963140

Didn't they drill 1 producer and 1 injector, so hopefully the injector will help with the decline too .... no?

Average price per month so far

Characteristic Price in U.S. dollars per barrel

Jun '25 $71.44

May '25 $64.45

Apr '25 $68.13

Mar '25 $72.73

Feb '25 $75.44

Jan '25 $79.27

Deflection is a defense mechanism where a person shifts blame or focus to avoid experiencing uncomfortable emotions like anxiety, pain, guilt, criticism, or distress. Instead of taking responsibility, they redirect attention to someone or something else.

RM delivers again ......

Flavius I understand your sentiment, however not sure I agree. Tullow have not been able to negotiate from a position of strength for some time now, so they've been in a very difficult position when negotiating. Declining production and dropping oil price means they unfortunately can't call the shots. Plus interest rates are higher in general now than when they last refinanced, so if the interest rate is going to go up then better to wait till nearer the time to refinance. I believe given current production they were told the debt was too high to refinance, however told if it was reduced by asset sales then it'd be OK. This seems to be what Richard has implied. Unfortunately, nothing is ever simple and they're doing business in Africa, so it always takes longer than you think and is probably not easy working with these governments trying to get things done (let alone quickly or on schedule).

As for shorters, trolls and rumours. It definitely plays into their hands and they're able to use this to their advantage. Unfortunately not much we can do about it, however as long as things are progressing in the background and eventually what is promised happens then we'll be OK. Tullow could certainly of course do more to stop this and provide better information. However, when you think about it they have told us what the plan is.... the doubt creeps in as it always takes longer than expected. We'll see what happens on Wednesday next week and will hopefully get some clarity.

As for JBOTAMAX just ignore him. He is someone who has been badly burnt on this share as held prior to 2019 and now has made it his life's work to troll on here. That's why he posts over 200 times a month on the Tullow BB, but only a few times a month on other shares. I doubt he's even short as some suspect and just implies that he is as it fits the narrative given the share price went from 60p to 15p. Once it goes back up he'll be telling you about the "gamble" he took at 11p and how great he is at predicting. It's all just meaningless. The one thing he can't change though is what he sees when he logs into his bank account and his share dealing account. Sadly for him he will probably never recover his Tullow loses and given his antics on here I think that realisation has seriously impacted his mental state.

The JBOTAMAX does make me laugh. When I posted proof of what Keith Hill said regarding the 31st May deadline for Kenya in an AOI update they just ignored it and still constantly accused me of lying. Now they want me to post my reference for the 30th of June. JBOTAMAX will ignore it again in a few days and accuse me of lying. All I'll say is maybe JBOTAMAX should spend less time posting sh it e and more time watching Tullow webinars, then you wouldn't need to ask me.

YSW :-)

Https://insidenews241.com/gabon-lexecutif-piege-entre-assala-tullow-et-ses-illusions-de-souverainete/

"The suspension of the acquisition of Tullow Oil's assets serves as a stark reminder that energy sovereignty cannot be decreed; it must be financed. This setback comes as the acquisition of Assala Energy continues to weigh on the state's financial balance. By multiplying acquisitions without a transparent financing plan, Gabon gives the impression of an oil policy based on announcements, rather than on a realistic and controlled strategy. The blockage of the Tullow deal is a symptom of a shareholder state that has lost its way."

" At the same time, the postponement of Tullow, due to cash flow reasons, demonstrates that GOC, the state's oil arm, is incapable of carrying out large-scale operations without external support."

So I'm guessing this explains missing the June 30th date for completion, however it must still be hoped to be completed within the 6 month period in the SPA (mid November) or we'd have got an RNS if the deal was dead.

Https://x.com/KAELI254_/status/1950062463979766205

"The State backs Tullow Oil in the Sh284B compensation suit filed by Turkana locals, dismissing claims of environmental damage and forced displacement. The Energy Ministry and Attorney-General insist due process was followed in South Lokichar operations."

https://x.com/TaalamuNewsKE/status/1950098795724751002

"The State has backed Tullow 0il in the case where the local community in Turkana is seeking billions of shillings in compensation from the British firm for damages linked to the oil project in South Lokichar."

https://www.businessdailyafrica.com/bd/economy/state-backs-tullow-in-pay-row-with-turkana-locals-5135228

If things were dire the vultures would be circling … make no mistake about that. Reported shorts have not increased for some time now and are relatively low at 2% (over 6% when Tullow last refinanced). They’d be the first to smell blood, however seem to be staying out for now. Then if you also look at the bonds they seem stable and seem to suggest the refinancing will happen. While production isn’t looking great it’s still looking like it’s at the bottom end of guidance. I still think the refinancing has been agreed in principle, however requires certain conditions to be met i.e. Gabon sale cash in the bank. We really do need a proper update next week though. So far Richard has been pretty open and definitely gives more detail than Rahul. He seems to be doing what he says he’d do and the only thing not achieved so far is the Gabon 30th June deadline he touted, so can’t see any reason to doubt him. Be nice to get something positive next week, especially and regarding the 4D survey.

OK, well let's see what they say next week on Wednesday. Would like some info on the 4D, new wells, Gabon progress ......to name a few.

Xxnjr I understand your logic and if true is concerning. I just find it strange that it they were so close to maximum capacity for pretty much most of 2024 this would not have been raised and appropriate actions taken to increase capacity. Could it be that the gas exported and processed at the Atuabo Gas Processing Plant would not count as part of the FSPO's capacity?

Seems in 2015 oil capacity was constrained to 65kbopd when there was an issue exporting gas to the Atuabo Gas Processing Plant. No idea how much gas was being produced then though.

https://www.offshore-energy.biz/fpso-fault-halts-jubilee-gas-export/

Xxnjr how sure are you about gas capacity of the FSPO, as in 2024 gas was over 240 MMscf/day in 4 months of the year and this was never raised as an issue..... as far as I know?

Barnety2000 half year results are on Wednesday next week. Not sure if there's a webinar planned, however the time of 9am seems to suggest there will be one. (https://www.tullowoil.com/investors/ .... scroll to the bottom and on the right)