Member Info for antonvb

Https://twitter.com/TullowOilplc/status/1701243699370278972?s=20

Interesting wording. Perhaps a few quite words in El Presidente's ear about helping to resolve the tax dispute ....

Nothing new is this article, however sums up everything so far and nice to see it in the local news.

https://www.the-star.co.ke/business/kenya/2023-09-11-tullow-hopeful-as-state-moves-to-make-decision-on-turkana-oil/

Https://twitter.com/NAkufoAddo/status/1700270389165776933?t=VRUdLxtwyiBY7ydj8lKKJQ&s=19

If I'm not mistaken looks like Rahul was there too ..... (see photo 3)

Lol..... some of my "facts" may be a bit biased to the upside

From the RNS ..........

*Where production entitlement is paid in barrels this has been multiplied by the Group's 2022 average realised oil price of $87.5/bbl.

Be interesting to see if we get an update on Wednesday next week as to what this years figure is so far.

That was in 2022 :-)

It's the calm before the storm.... still think next week we're going to smash through 40p. Well at least that's what I'm hoping for anyway. I just hope we don't see a cut and paste of the last update though. Need something positive and not just things are progressing well and we hope to update by year end, blah, blah blah.

I think we all know .... well all of us except one .... that we'll break 40p next week and continue up from there.

From Twitter links 1 and 2 below it appears that in 2018 the now President of Kenya was very keen on extracting the oil out of Turkana in Kenya. However, since becoming president he has only been Tweeting regarding clean energy and the green agenda. However he did recently appoint Chairman Hon Kiraitu Murungi, whom we see with Ruto in Twitter link 2 from 2018, as the head of National Oil Corporation of Kenya (NOCK). I believe NOCK now have a 20% stake in the oil field. In Twitter link 3 from July we see Chairman Hon Kiraitu Murungi and Rahul. So really looks that Ruto is distancing himself from the decision so as not to disrupt an investment from the green agenda, however is in favour of it. At least that is my take on it and also has been suggested on here by others.

1. https://twitter.com/WilliamsRuto/status/1027570569099833345?s=20

2. https://twitter.com/WilliamsRuto/status/1037297007776415746?s=20

3. https://twitter.com/NationalOilKE/status/1681732030730518541?s=20

Open links in incognito mode if you don't have Twitter.

Sorry...last sentence should read

surely that WOULDN'T be a bad result and it's win win either way?

Last month based on what I was seeing in the press and on Twitter I was adamant that Tullow would get their FDP approved and the go ahead to develop the oil. This week I'm starting to have my doubts as Twitter is awash with postings from the Africa Climate Summit in Kenya this week regarding the Green Agenda. How can they approve a pipeline to basically run right across the country when they're saying what they're saying at the moment. Also, we all know that the Green Agenda has unlimited budgets and the investment they could put into Kenya could far outweigh what they would get from developing the oil. Could it be possible that they will just go the green route and pay Tullow off using Green Agenda funds, as I believe they have to pay the development costs for which Tullow has already billed $2b. If we got even a quarter of that and were able to walk away cleanly, surely that would be a bad result and it's win win?

https://twitter.com/KenyaVision2030/status/1699026471484792844?s=20

https://twitter.com/WilliamsRuto/status/1699013636533219715?s=20

https://twitter.com/WilliamsRuto/status/1698937563107463643?s=20

https://twitter.com/NationalOilKE/status/1698928974854836431?s=20

https://twitter.com/EnergyMinK/status/1698627055305228770?s=20

etc, etc. etc

Oh all right then...... :-)

52 Week Low 21.84p

52 Week High 51.50p

Current share price 37.84p

Shorts have lost 77.38% of potential profit since the year low

Longs have lost 24.77% of potential profit since the year high

Have to admit I don't feel quite as smug posting these scores as I did before my debacle last week .... hey ho

Will be ramping 15% less than I have been in the past as only managed to buy back 85% of my shares. Will try not to do anything stupid again, however really can't guarantee it 😣

Trust me....if I buy back in today this will be 25p on Monday morning.... lol

Thanks all..... I'm more than likely going to buy back in, just not 100% sure when. I'm not expecting to buy back in at 32p, however I'd like to try not buy in at the top of another little spike. Rather wait till there's a small amount of profit taking and a small dip. Am aware with the H1 update and Kenya looming tat may not happen. Whatever happens no regrets ...... if I could predict the future I'd be buying EuroMillions tickets and not shares.

https://nigeriannewsdirect.com/gabon-coup-bw-energy-tullow-oil-say-oil-production-still-normal-report/

That is part of the issue BigRisky. I've had a bit too much blind faith, which is why I watched it drop from 60p to 22p. I'd like to buy in and maybe will look for a morning where they're dropping the price by a few p as usual to buy in again. I don't think we're getting any news on Kenya till the second half of September due to the parliamentary recess in Kenya and the Africa Climate Summit (ACS) is being hosted there by the government next week. Could be wrong of course and we all know I'm capable of being wrong ;-)

No, I made the wrong call and that is pretty obvious. Well at the particular moment in time that I type this it's the wrong call, as you just never know what will happen in the future. Do I think that it is going to turn into the right call as Tullow will drop ..... no I don't. However, it was my decision and my money so why do you care. I was just recounting what I did. Nothing wrong with that and I may buy back in or I may not ...... I haven't decided yet.

From now on you shall be known as OrangeWonder ..... because you're perfect and never get anything wrong.

And who knows .... maybe those traders at Morgan Stanley bought some of the shares off me that I bought for 9.7p in 2020.

Some people on here are too easily triggered. I wasn't asking for sympathy and was merely expressing what I'd done using irony as I always seem to sell at the wrong time. I'm not beating myself up about it either, as no one can predict the future, so when you buy or sell you never know if it's a good or bad decision. Plus I still sold at a profit. You'll also notice that I didn't automatically start deramping after I sold.

As to why I sold....well I'm human. I've held for 3 years and seen this go to 66p and all the way back down to 21p. Everyone has a limit and I hit mine yesterday.

I stopped the drop for you yesterday.....I sold my Tullow shares at 32p :-(

In the morning when I first heard the news of the coup I thought I should sell and didn't. In the afternoon I panicked and sold. Exactly at the low of the day. I just didn't want to risk holding and this going below 30p again. What do I do now ..... well that's the difficult question and I'm not sure of the answer.