The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
No surprises in the results and not a lot we didn't already know. Seems the issues with Jubilee production that were the catalyst to drop the price from 38p have been resolved. So we eagerly await the next excuse for them to drop or suppress the share price.
My two big positives from the RNS and call this morning are Kenya and M&A. The RNS sounds very promising on Kenya and on the call this morning Rahul looked the most relaxed and positive I've ever seen him when discussing the topic of Kenya. In past presentations he's always looked a bit nervous and unsure of himself when mentioning Kenya. However, today he looked very upbeat and assured. The same when he touched on M&A. Despite what Karel would like you to believe I think 2024 is going to be a very good year for the longs. Watch this space and GLALTH.
Slow news day, so here's something from a couple of weeks ago in case you've not seen it.....
https://www.linkedin.com/posts/rahul-dhir-b14083157_tullow-tlw-healthandsafety-ugcPost-7161360563392954368-kj0T
Karel ...... on the flipside good news on the tax dispute or Kenya and this is going to fly. By the way how's the weather in the Czech Republic today?
Gingy .... while I sympathise if you are indeed sitting on a huge loss I'm afraid you're not a realist. If you were and believed this was going to drop you'd face reality and sell. Sorry to be blunt, however that's the truth of the matter. Also, you will only ever recover your losses if sentiment changes and people start buying and holding this share ..... even if the fundamentals improve there is no guarantee the share price will rise. Just look at the share price today and the state of the company compared to what they were in 2020 as an example. Your constant negatively isn't helping your cause. If LTH's are negative it is hardly going to encourage anyone to invest here.
Anyway....each to their own. I think given we went up 2% on a Friday we may see this start to rise up to the results on Wednesday. I really hope we actually get an update with real detail this time though and not just the usual cut and paste job that things are going well and we'll get a decision on this or that at some unknown point in the future.
Gingy the only one who is deluded is you. If you think this is dropping to 23p you should of sold on Thursday and bought back in at 23p. Or even better, switched to a short position. Doesn't get more deluded than holding a share you think will drop 20% in 3 days.
I seriously question if you are in fact a LTH as every post of yours is negative......
Factually incorrect: "TLW have previously confirmed that they own 100% of Kenya,".
Tullow have stated they will own it once regulatory approvals completed (which is still in progress) and not that they own it.
https://ir.design-portfolio.co.uk/viewer/96/57879
https://africaoilcorp.com/site/assets/files/1884/aoc_-_2023_december_31_-_report_to_shareholders_-_fina.pdf
"RISKS RELATING TO CONCESSIONS, LICENSES AND CONTRACTS
In May 2023 the Company submitted notices to withdraw from its concessions on Blocks 10BB, 13T and 10BA in Kenya. The Company's withdrawal from the concessions is subject to approvals from the Kenyan authorities and, while the Company is working with its JV parties and the authorities to effect a smooth withdrawal process, there can be no certainty that such approvals will be forthcoming on terms acceptable to all parties."
No really .... something is going on!
https://x.com/lapsset/status/1763122723616694370?s=20
The crude oil pipeline project is a component of the LAPSSET Corridor Project, and partnership and investment are being sort to undertake the project
Oh yes it is.......
https://x.com/lapsset/status/1763122705694364099?s=20
The LCDA Team also met with Tullow Oil at the Lokichar oil fields (Ngamia 3), where they discussed the status of the crude oil pipeline project in addition to valuation and compensation on midstream land acquisition.
Https://twitter.com/maendeleoKE/status/1763127349971705949
The LCDA Board, led by Chairman Hon. Ali Mbogo, met with Turkana County Commissioner J.M Kavita to discuss security and community integration in LCP implementation.
The team also discussed crude oil pipeline project status with Tullow Oil.
#MaendeleoKE
@lapsset
@InteriorKE
Fair enough, however I prefer people stick to the topic of Tullow on this board. Almost every single share that has a massive spike over a day or two drops back hard. Get in early and leave at the right time .... fantastic. Get in late or hold too long and it's a bloodbath. Problem is you need a crystal ball. I think you experienced that with ORCA and if others followed your advice would of too, same thing with y11-shx this morning. End of the day why would you jump on a share because of some random post on here by someone completely anonymous. All that aside, you've got to remember this is the TLW board, so you shouldn't be surprised or offended if you get flack for posting about other shares.
Y11-shx that post of yours aged really well didn't it. It's always the lemmings who get in late on these big spikes that get screwed. Maybe you and Andoman can go have a beer in Spoons and swap stories. Just stick to ramping or deramping Tullow on here though if you don't mind.
Think you're well aware, however just to remind you.....
JMAX
Posts: 2,419
Price: 28.50
No Opinion
"RE: KenyaToday 08:20
TLW have previously confirmed that they own 100% of Kenya, and that TLW can begin to claim back circa $2B in expenses once production begins."
Note to self....... remember you said you were going to ignore this fool
That article really is scare mongering at it's best. It must be desperate times if they're having to make up scary stories about Kenya to try drop the price, given Kenya hasn't added any value to the share price for years.
https://africaoilcorp.com/site/assets/files/1884/aoc_-_2023_december_31_-_report_to_shareholders_-_fina.pdf
KENYA
On May 23, 2023, the Company announced that it has submitted withdrawal notices to its joint venture parties on Blocks 10BB, 13T and 10BA in Kenya, to unconditionally and irrevocably, withdraw from the entirety of the joint operating agreements and Production Sharing Contracts for these concessions. Following this decision, the Company has impaired the value of the carrying amount of the Company's intangible exploration assets in Kenya to nil. The Company is waiting for government consent for the withdrawal and the transfer of rights.
WTHDRAWAL FROM KENYA
The remaining outstanding statutory license commitments as at the date of this MD&A are less than $1.0 million per Block
On May WTHDRAWAL 23, 2023, the FROM Kenya entities KENYA along with TotalEnergies . submitted d hd withdrawal iaw notices notices to to the the remaining remaining joint joint venture party on
Blocks 10BB, 13T and 10BA in Kenya, to unconditionally and irrevocably, withdraw from the entirety of the JOAs and PSCs for these concessions. The Company concurrently submitted notices to Ministry of Energy and Petroleum, requesting the government's consent to transfer all of its rights and future obligations under the PSCs to its remaining joint venture party. In accordance with the JOA and
PSC the Company retains economic participation for activities prior to June 30, 2023, which might result in additional costs for the Company.
RISKS RELATING TO CONCESSIONS, LICENSES AND CONTRACTS
In May 2023 the Company submitted notices to withdraw from its concessions on Blocks 10BB, 13T and 10BA in Kenya. The Company's withdrawal from the concessions is subject to approvals from the Kenyan authorities and, while the Company is working with its JV parties and the authorities to effect a smooth withdrawal process, there can be no certainty that such approvals will be forthcoming on terms acceptable to all parties
JMAX the above is proof that you were wrong, but go on and don't let facts get in the way of your arguments, remind us again that you "sold" at 39p, that you have the best posting history, made 7 figures and have special information.
That's what I thought too JMAX, however went back and re-read the last RNS on this from early last year and it states the partners intend to pull out and Tullow will end up with 100% once complete. I can't find anything since indicating it has been signed off. Do you have a source for your post below or is this another one of your "facts"?
Seakingalpha that link is very interesting. Our friend Brian is an SEO content writer it seems. Never heard that term before, so Googled it ......
"What Is SEO Content? SEO content is online content designed to rank in search engines (like Google). Also, content written for SEO is typically optimized around a specific keyword."
This must be the clearest evidence I've seen of short and distort tactics so far. I guess the only good thing is if they're resorting to these kinds of BS articles there can't be anything that is actually very negative going on at the moment and only so long they can get away with it. I do think Tullow IR are allowing this to happen though, as we just get one line vague updates. Think the last one on Kenya was months ago and had zero info, reasons or facts. Just that there was a delay until end of Q1 and EPRA has hired consultants. We need a proper update for a change.