Member Info for antonvb

Actually thinking about it, there is a chance this was just an "innocent" flash crash. We were around 21p and it wouldn't be impossible for these negative rumours and changes in oil price to cause a drop of 1p. This would of taken us sub 20p and that may have triggered a large volume of stop losses, which dropped the price and triggered more and also caused the algos to go into sell mode (and some PI's too). It's already recovered a large amount, so quite possible. Wonder if Tullow will feel the need for an RNS.

We went up 75% in a few weeks, so there must of been a lot of people out there sitting on very nice profits that they'd made very quickly. Then we crossed 20p, so it wouldn't surprise it there were a considerable amount of shares out there with a stop loss of 19 point something p. So this "failed" merger that no one knows anything about was probably used to tank the share price and trigger all the stop losses. Either that or it's a f you from the shorters who've used the rumour to dump all the shares en mass that they've recently been forced to buy back.

And so the manipulation continues......

Desperate stuff…. their shorts down 75% in a couple of weeks. Should have closed at 12p, but they’re greed mf’ers. Won’t close unless it goes bust. Oh well ……

Thanks Bailiff. All good besides the share price ... lol. Oh and of course all the usual suspects on here....... or it just one suspect, I'm not sure. Smart move getting out and hope your new share is making you money. If not probably still a lot of opportunity here for a healthy profit if your nerves can take it and the stars align :-).

Ironic how people who have posted that they've written off their holding in Tullow as it's such a rubbish share, don't seem vaguely happy nor celebrate the fact that the share price has risen 75% in a few weeks. Hmmmmm....... Why wouldn't you? When I log into my account now there's almost twice as much in there as at the start of May. Happy days!!!!

Reduced 3 days in a row….. all their beautiful profit gone.

https://shorttracker.co.uk/company/GB0001500809/

Pictet preferring to wait and be forced to exit in an uncontrolled manner. I like it.

Https://www.businessdailyafrica.com/bd/corporate/industry/state-to-clear-turkana-oil-ouput-plan-by-june-30-5076788

The good news is it looks like we’re going to be getting a few very positive RNS’s (Kenya FDP, Gabon cash, refinancing) in the near future in an environment where oil shares are in favour. Nice.

Time for you to make another cuppa me thinks :-)

- Tranche B: $40 million payable at the earlier of FDP approval or 30 June 2026.

Https://youtu.be/LwfOz7qlCOs?si=asDXs0Gi4Rhy-6By

Https://x.com/thetimeskenya/status/1932683171524436301?s=46

NEWS UPDATE: Kenya plans to approve the Turkana oil field plan by end of June.

Gulf Energy, which bought Tullow’s assets (the UK firm that discovered oil in Turkana), will use the existing plan to fast-track commercial oil production.

From the last RNS ....

A number of principles are covered within the MOU that will help underpin the continued development of the Jubilee and TEN fields, including:

· A commitment to work to increase in the supply of gas from the Jubilee and TEN fields to c.130 mmscf/d

· A reduced gas price for Jubilee associated gas

· A guaranteed reimbursement mechanism for gas sales

Not really sure there's anything to discuss, as more than likely most of the payments that matter are in USD and not local currency. The market seems to disagree with you 18p valuation and so do I. If you're happy with 18p sell, however I think I'll wait for the $300 million for the Gabon sale and the refinancing before I think of selling.

They’re JMAX’s trades, as he trades with hindsight. He has special information you know.

Oh go on…. ask me what my average is. I know you want to.

Https://x.com/eastleighvoice/status/1931971686443733417?s=46

Https://oilprice.com/Latest-Energy-News/World-News/Kenya-Plans-to-Launch-Crude-Oil-Exports-in-2026.html

Https://www.dailypost-ke.com/2025/06/kenya-to-join-oil-producing-countries.html

Fund % short Date changed

Citadel Advisors LLC 0.43% 3 Jan 2025 (share price - 23.62p)

Pictet Asset Management Ltd 1.50% 1 Jan 2025 (share price - 21.44p)

Citadel Advisors LLC 0.63% 18 Dec 2024 (share price - 20.36p)

Citadel Advisors LLC 0.53% 11 Dec 2024 (share price - 24.62p)

Hartree Partners Securities (UK) Limited 0.79% 9 Dec 2024 (share price - 22.94p)

Pictet Asset Management Ltd 1.41% 6 Dec 2024 (share price - 20.98p)

Pictet Asset Management Ltd 1.36% 5 Dec 2024 (share price - 21.8p)

Pictet Asset Management Ltd 1.19% 2 Dec 2024 (share price - 22.22p)

That's a lot of shares to buy back. How do they plan to do that without pushing the price over 20p and pushing their short trades into a loss. I didn't understand why shorts didn't close at 10p in 2020 and I don't understand why they didn't close at 12p. My only guess is they can't close without considerably spiking the share price and causing their trade to go negative, so are praying something goes wrong and this goes bust.

Https://x.com/Eastleighvoice/status/1931971686443733417

Energy and Petroleum CS Opiyo Wandayi says the government hopes to export crude oil from South Lokichar, with Gulf Energy set to take over operations from Tullow Oil.

Wandayi: We are very hopeful that this time round we shall have commercial production of oil in the South Lokichar basin in Turkana County.

Actually we’re up 24% since the RNS dropped on Wednesday morning. I’m looking forward to the Gabon RNS and then the refinancing RNS…. exciting times ahead.

Tuesday close 13.58p

Friday close 16.80p

RM stated he was confident it would be by the end of June in the YE update, however it is not a firm deadline. Tullow have indicated that they have interim financing in place in case it takes a bit longer. Doubt it will happen before we get the RNS stating the Gabon sale cash is in the bank.