Member Info for antonvb

OK, just a thought ..... Could this stock market turmoil play into Tullow's hands, as it is likely to result in lower interest rates. This could help speed up the refinancing as you'd think lenders would be biting Tullow's hand off to get the refinancing done ASAP at a rate of around 10% before interest rates drop significantly.

I guess you're never going to get your money back on your UOG shares then ...... oh well.

Strange you're not gloating you sold at 39p today JMAX. Sucks to loose another 15% doesn't it, but chin up, this is just a temporary blip and it'll recover.

Aw TankerQ ..... are yor feelings hurt because we didn't listen to you and sell. Hopefully you can run to your safe space and it'll be OK.

It's a bloodbath out there ... sea of red. The 10p brigade are so frantic and have lost so much everywhere that they haven't even got the time to pop in to gloat that we've dropped 15% today. The only consolation is that this is not TLW specific and everything has a bottom. Once the turmoil and panic is over things will recover quickly. They always do, it's just how long will this continue for that is unknown.

Trump decided to discount shares for the new ISA season next week .....

Not sure I’d give him that much credit. Predicting that is the same odds as flipping a coin. It’s unbelievable how he talks as if it has no impact on him. The reality is JMAX is down a significant amount here. He’s been in Tullow since the share price was a few £’s. Then he decided to trade this in the 37p to 39p range and boasting about it on here. All in their posting history. That strategy worked twice but they got stung on the third attempt when it dropped to 37p, he bought back in and it kept dropping. Of course then there’s his UOG debacle.

Of course he’ll say he didn’t buy back and wasn’t in here since this was a few £’s, however it was a long time ago we were 39p and he’s still hanging around here trolling and making predictions. Why’d you do that if you had no holding. Just delusional and sad. Anyway, doesn’t really make any difference to me what he says, as it doesn’t change what I see when I check my account balance nor does it change what he sees when he checks his.

Proof that at 16p TLW is cheap I'd say ......

Https://www.gnpcghana.com/news/gnpc-and-kosmos-energy-strategize-on-jubilee-fields-future

This is why it's different in Kenya now ....

https://punchng.com/africa-urged-to-explore-trumps-second-term-for-energy-independence/

Executive Chairman of the African Energy Chamber, NJ Ayuk, says the return of the United States President, Donald Trump, in 2025 represents a pivotal moment for Africa’s fossil fuel industry.

In a statement, Ayuk said Trump’s administration’s swift reapproval of a $4.7bn loan from the US Export-Import Bank for TotalEnergies’ liquefied natural gas project in Mozambique — initially greenlit in 2020 during his first term but sent into deep freeze for the full duration of the Biden years — sets the tone for what could be a transformative era for Africa’s energy sector.

According to him, Trump’s decisive action within weeks of taking office signals a renewed, positive working relationship between the United States and Africa, prioritising energy development over ideological objections and the Green Agenda’s influence.

He noted, “The African Energy Chamber contends that Africa should seize this potentially brief moment in history and embrace the Trump administration as a partner rather than an opponent. For too long, global pressures have insisted that African nations move toward green energy projects only and leave their fossil fuel resources behind.

“While renewable energy has its place and will be important to Africa’s future, fossil fuels still clearly constitute the backbone of any realistic efforts for African industrialisation and economic growth — goals we simply cannot afford to sideline.”

The AEC chairman maintained that alignment with Trump’s energy-first ethos would mean that Africa could unlock significant funding for wide-ranging fossil fuel projects, and not just the offshore oil and gas ventures that dominate the headlines.

He said, “The continent should capitalise on all opportunities in onshore projects, wildcat wells (exploratory drilling in unproven areas), and the proliferation of numerous small operators. These avenues lead the way to diversity in Africa’s energy portfolio, job creation, and massively strengthened energy security.

We don’t need balance. We need blatant ramping and the share price to get chased all the way up to over £1.

My thoughts too. Very knowledgeable but always keen to point out the negative.

It’s funny as this story “broke yesterday” but was announced last week in the results. It’s nothing new, wasn’t unexpected, we know the risks and they write this down every year. I’ve never seen so much press and retweets on something related to Tullow for a very long time. Timing does seem suspicious as the share was finally starting to move in the right direction and this is not “news”. Plus of course Kenya has already had zero value to Tullow for years in everyone’s opinion.

Exactly… who is going to invest if Tullow discover oil but are told they can’t exploit it. I think the FDP extension to the 30th June and bids for new blocks will be by 30th of September is significant. Get Tullow moving and then get the bids in.

https://www.tullowoil.com/our-operations/africa/kenya/

Click on the box “See Kenya” map to get the Tullow blocks for reference.

Shorters nightmare….. refinancing RNS, new CEO RNS and Kenya RNS all by the end of June…… sleep tight mf’ers.

Oh the irony .... "I see the ramping crew have disappeared again after the umpteenth "we've finally turned the corner" day."

The first day we drop in a while and the deramping "holders" make an appearance ......

I think this is their point…

https://x.com/bd_africa/status/1907271573087674726?s=46

Seems like it’s taken them a week to getting round to read the Tullow results in Kenya. Unless someone is sponsoring these articles of course, as the share price is being a bit stubborn and not dropping.

Xxnjr it's a what if scenario, so anything is possible. However, I highly doubt Kenya can simply just not grant a production licence to Tullow without very good reason. I suspect if they could take the resource back simply as Tullow do not have a confirmed investor they would of done this already. If they are indeed trying to take the resource back it seems to be by way of a war of attrition.

One thing to bear in mind as well is that the latest deadline for EPRA to approve it is the 30th of June and the deadline for bids for new licences on the new blocks is the 30th September. It's hardly going to encourage any bids if the government take resources back and don't issue production licences or continually drag their feet of approving FDP's. I think it is far more likely that a production licence would be issued and that would have a timescale built into it. Failure to meet that would result in forfeiture. That makes much more sense to me, as it would be easier to find a new participant to take it over if the FDP had been approved rather than rejected.

Guess we'll see what happens.

Seeing as we're talking hypothetically .....

https://essortv.ga/le-gabon-consolide-son-emprise-sur-son-secteur-petrolier-avec-lacquisition-de-tullow-oil-gabon-et-smp

Translated:

"Gabon is taking a new step in the sovereign management of its natural resources. This Thursday, March 27, the Gabon Oil Company (GOC) formalized the acquisition of Tullow Oil's Gabonese subsidiary during a formal ceremony at the Palais Rénovation on the seafront. Chaired by Brigadier General Brice Clotaire Oligui Nguema, President of the Transition and Head of State, this event brought together the country's highest authorities, marking a major turning point for the national oil sector.

Worth $300 million, or approximately 181 billion CFA francs, this transaction significantly strengthens the state's control over a strategic resource. By acquiring the assets of Tullow Oil Gabon, the country is affirming its commitment to maximizing profits from oil exploitation and ensuring better economic redistribution. This acquisition is part of a broader energy sovereignty policy, aimed at reducing dependence on international players while optimizing financial benefits for the national economy."

What if .......

Kenya decide to do the same and buy Tullow out. It would make sense as to why they haven't agreed the official transfer of the AOI and TE stakes to Tullow nor approved the FDP. Much cheaper to only have to buy 50% than 100%.

25p ….. it’s not the 1st of April today is it?

Interesting little video….

https://youtu.be/KbSogkfbRp0

Seems some of the work being done during the shutdown is aimed at increasing production, so wil be interesting to see the results.

Https://dworaczek-bendome.org/v2/le-gabon-renforce-sa-souverainete-petroliere-avec-le-rachat-de-smp-afrique-et-tullow-oil/

“ Gabon regains control of its black gold! The signing of the agreements to acquire SMP Afrique and Tullow Oil by GOC marks a decisive turning point in the recovery of national oil sovereignty.”

Will the Kenyan government take notice and do the same and buy Tullow out?