Member Info for antonvb

Another option instead of attacking their oil facilities is sanctions ..... been done in the past.

https://en.wikipedia.org/wiki/International_sanctions_against_Iran

Everyone is entitled to their own opinion and to interpret their research how they see fit, however this time their article has a smell of panic. You have to question the timing of the article ..... very strange how it happens to be released on the day the share price is up nearly 10% at one point. Then if we look at the opening paragraph it states:

"Tullow Oil’s much vaunted Jubilee field drilling campaign has yet again failed to deliver oil production consistently above 100kbod at that field, with field production languishing below 90kbod in the last quarter. "

Agreed, Jubilee was supposed to be consistently over 100 kbopd, however to state "field production languishing below 90kbod in the last quarter" is rather far fetched given production was 89 (April), 87 (May) and 85.6 (June) bopd in the last quarter or 87.3 bopd for the quarter. Hardly languishing . Yes, this could be see as a downward trend, except for the fact that in July production was 90.5 kbopd and the average for January to July now sitting at 90 kbopd and Tullow have clearly stated this should be maintained for the year.

https://petrocom.gov.gh/field-production-data/

The rest of the article is the usual regurgitation regarding debt, arbitration, etc. With the share price sitting in the low 20's and current world events, can't see a short position being a good option. Each to their own.

Might not,

may not,

may not......

what a lot of .......

They just never learn do they ..... be interesting to see if today's spike was due to them reversing it ASAP.

Https://www.dailymail.co.uk/news/article-13914901/Israel-vows-target-Irans-oil-missile-attack-revenge-barrage-Tehran-marked-significant-escalation-crisis-edges-closer-WWIII.html

OK it's from the Daily Mail so needs to be taken with a pinch of salt, however if they do target Iran's oil it's going to interesting.

As you all know I've never been once for balance and am firmly in the ramping camp, however it's very possible both predictions could come true. We go below 20p and go back to 37p and above ....

No real evidence to justify the drop from 39p to 21p besides oil sentiment and I feel that will change. $70 oil is still very high and people seem to be forgetting that. Once it does start to go up it will get chased up again, as will be easy money. As always .... time will tell.

Today is the first day of Q4 2024 . In no particular order ....

1) We should be getting a Ghana tax dispute RNS no later than end of November. Positive or negative?

2) Kenya FDP with EPRA for review by 31st December. Will we get an RNS on this before then or will it just be extended for 6 month again?

3) What will the Jubilee production figures be for H2 2024 and have they been able to sort out the pressure issues with well J69 which caused them to miss the production target of 100 kbopd?

4) Conflict in the Middle East ongoing?

5) War in Ukraine ongoing?

6) US elections in November. Should see an end to the manipulation of oil data to suppress the oil price and what will Kamal vs Trump as president do for the oil price, conflict in the Middle East and war in Ukraine?

7) Will we get a refinancing RNS for the 2025 notes or will this only happen in 2025?

8) What are the Saudi's/OPEC going to do in terms of cuts and oil price support?

9) What will the FCF be for 2024 given the dip in oil prices?

10) Is Roald Goethe merely going to top up again to average down or is he going to try make a hostile take over ;-) ?

Going to be very interesting to see how this all plays out over the next few months. GLA

Https://citinewsroom.com/2024/09/govts-dubious-contracts-collapsing-ghanas-energy-sector-minority/

Ranking Member on the Energy Committee of Parliament, John Jinapor, raised the concern in an interaction with journalists.

“Because of such dubious contracts, as we speak, there is load shedding ongoing. GRIDCo has been cautioned not to inform customers. On [September 24], there was a deficit of more than 500 megawatts. On [September 25], they are going to shed a load and customers in Ghana will be affected.

“Tullow Ghana has not been paid even $1 for the past nine months for gas supplied to Ghana Gas and Tullow is threatening to curtail supply of gas."

Thanks for the heads up and good luck with your short. Hopefully you get to close it out before we’re back to 39p.

Lol .....

Here is something that got me curious ....

The half year results presentation was on the 7th of August

https://lumiagmukstreams.s3.eu-west-2.amazonaws.com/5.+Archive+2024/Tullow+Oil+HY+2024.mp4

For this webinar the following presentation was used

https://www.tullowoil.com/application/files/2517/2301/6430/Tullow_2024_HY_Results_Presentation_-_WEBSITE.pdf

Strangely though when looking at the Tullow website there is another presentation titled "Investor Presentation" and dated September in the presentation which was released on the 29th of August.

https://www.tullowoil.com/investors/results-reports-and-presentations/

https://www.tullowoil.com/application/files/4117/2492/8943/Tullow_Investor_Presentation_September_2024.pdf

Now as far as I know there was no RNS in this regard and if my memory serves me correctly no public presentation for share holders. So that leads me to ask the question, why was this presentation prepared and who are these "Investors", as it doesn't appear to be shareholders or surely we'd have got some kind of notification on it. If it was prepared for the recent meeting with the Kenyan government I don't see why it would be released at the end of August and be titled Investor Presentation, as this meeting was on the 17th of September and they are not really investors.

https://x.com/SenatorTurkana/status/1836078551432368189

Hmmmmm ....... Maybe it's nothing, however with a bit of luck something is happening in the background or Rahul is trying to make something happen.

Or if you prefer Twitter:

https://x.com/TullowGhanaLtd/status/1838869139516981299

https://x.com/TullowGhanaLtd/status/1838883991241298415

Https://www.facebook.com/stories/101542448441853/UzpfSVNDOjEwNjQxODgzNTg2OTkwNDY=/?view_single=1&source=shared_permalink

Euro Millions

Tuesday 17 September 2024

Draw: 1773

20 30 32 41 44 Stars 01 10

Hindsight is a wonderful thing!

Https://www.tullowoil.com/application/files/2816/1677/4099/Tullow_Oil_plc_2020_Annual_Report_and_Accounts.pdf

He's bought a lot more shares than JMAX would like you to think. The price on the 11th of May 2020 was around 25 or 26p.

Page 63

The grant of the Buyout Awards was conditional on Rahul Dhir purchasing shares in the Company with a value of £350,000 (calculated by reference to the closing price of a share in the Company on the dealing day immediately prior to the date of purchase). Mr Dhir purchased 1,346,000 shares in the Company on 11 May 2020 (the “Purchased Shares”) and he is required to retain these shares in connection with the grant of the Buyout Awards.

Https://www.kbc.co.ke/tullow-confirms-commitment-to-project-oil-kenya-delivery/

This is from July regarding AEW 2024

https://x.com/real_aew/status/1813204848516518059?s=46

Https://www.capitalfm.co.ke/news/2024/09/tullow-confirms-ongoing-commitment-to-maximize-turkana-oil-resources-in-senate-energy-committee-session/

Another post…. Those are some mighty big smiles!

https://x.com/senatorturkana/status/1836078551432368189?s=46

I wouldn't be so negative Supercooper. The outcome may be positive or negative, however I think you'll find that they have a lot of relevance to the outcome.

http://www.parliament.go.ke/the-senate/committees/standing-committees/12/committee-on-energy

The chairperson is Sen. Wamatinga Wahome and he has visited the site in Turkana:

https://www.facebook.com/story.php/?story_fbid=759172739553740&id=100063830615249

"Today, I led the energy commitee to visit Tullow oil exploration company in Lokichar to familiarise ourselves with the progress of field development plan."

https://www.citizen.digital/news/tullow-oil-to-reopen-operations-in-turkana-begin-exporting-oil-n328147

Tullow Oil Kenya already submitted its Development plan to formally commence extraction of the crude oil to the Ministry of Energy in 2021. However, 2 years on, there is no response from the government.

“And we are going to ask EPRA and Energy CS what’s keeping the approval process long?” Senate Energy Committee chairperson Wahome Wamatinga said.

https://x.com/MzalendoWatch/status/1635630662022574080

Sen. Wamatinga Wahome, on behalf of Sen. Mohamed Chute, seeks a statement from the Standing Committee on Energy regarding the status of oil exploration Turkana. #BungeLiveSEN

Another committe member is Sen. (Dr.) Khalwale Boni

https://x.com/DrBKhalwale/status/1706687783186661459

At Lockichar touring the Tullow Oil Company fields. Happy to find the project alive & on course. In excess of 585,000,000 barrels of oil confirmed in four wells. Awaiting Parliamentary approval for the Field Development Plan before the US 3.5 billion dollar investment is made

https://x.com/DrBKhalwale/status/1706575667096129840

Accompanied with colleagues in the Senate Enegy Committee, we are on our way from Lodwar, 100km to Lockichor to visit the Tullow Oil Company

http://www.parliament.go.ke/index.php/the-senate/about

Role of the Senate.

1. The Senate represents the counties, and serves to protect the interests of the counties and their governments.

2. The Senate participates in the law-making function of Parliament by considering, debating and approving Bills concerning counties, as provided in Articles 109 to 113.

3. The Senate determines the allocation of national revenue among counties, as provided in Article 217, and exercises oversight over national revenue allocated to the county governments.

4. The Senate participates in the oversight of State officers by considering and determining any resolution to remove the President or Deputy President from office in accordance with Article 145.