Member Info for antonvb

Top 5 hits when Google searching Tullow Oil news....

https://www.sharecast.com/news/news-and-announcements/tullow-reinstates-hedging-policy-maintains-production-guidance--13985606.html

https://www.irishtimes.com/business/2023/07/12/tullow-expects-new-jubilee-oil-field-to-deliver-over-100000-barrels-a-day/

https://www.marketscreener.com/quote/commodity/WTI-2355639/news/Tullow-Oil-reduces-debt-as-production-from-Ghana-set-to-increase-44317332/

https://www.marketscreener.com/quote/commodity/WTI-2355639/news/Tullow-Oil-Maintains-FY23-Production-Guidance-44317178/

https://www.marketwatch.com/story/tullow-oil-backs-guidance-for-full-year-production-free-cash-flow-c54f9d2d

They can deramp all they like, as just like my ramping, it makes no difference to the share price. In fact it is actually kind of funny. They fail to see that all the ramping never stopped this going from 66p all the way down to 22p, so why would their opinions make any difference and get this to 10p. However, I think they actually do think it makes a difference, as else why would they open multiple accounts and constantly respond negatively with a meaningless reply to every post.

Update as expected, especially as there was no webinar so was never going to be any big announcement. Perhaps better that there were no big announcements in it, as will be better if they drop randomly and take the market by surprise. I'm still very positive for the rest of this year and hopefully we'll get a few of the catalysts happening this year, especially Kenya that would be a game changer.

Last Christmas would of been nice, however Kenya is still in play so maybe it'll be this Christmas....

One thing is sure and that's we're not 10p again like a few were predicting on here earlier this year.

Response back from IR..... no webinar must mean nothing significant to report yet I think.

Dear Anton

There is no market call planned for the Trading Statement.

Kind regards

Tullow IR

Https://www.businessdailyafrica.com/bd/economy/tullow-shocks-government-with-sh204bn-turkana-oil-bill-2283422

An old article but very relevant. Is it a case of either the Kenyan government agree the revised FDP or the $2b bill goes for arbitration? Surely, even if they got awarded half that it would be a game changer for Tullow. Seems to me they're in a win win position.

Ironically it was a multibagger at 60p, 50p, 40p, 30p... still is at 29p..... just depends at what price you bought.

Https://www.tullowoil.com/media/press-releases/kenya-update/

"Following the withdrawal of the minority partners, Tullow’s net Project 2C contingent resources are expected to increase from 231 mmboe to 461 mmboe, taking the Group’s total contingent resources from 605 mmboe to 836 mmboe."

461 mmboe @ $50 = $23b

461 mmboe @ $75 = $35b

461 mmboe @ $50 = $46b

Needs $3.5b to be invested. If you got 50% for your $3.5b I'd say that looks like a pretty good ROI to me. Just need the Kenyan government to play ball and for Greta not to notice that they're building a pipeline across Kenya.

Https://economictimes.indiatimes.com/industry/energy/oil-gas/ongc-videsh-awaiting-clarity-on-equity-structure-over-kenyan-oil-field-bid-says-executive/articleshow/101492963.cms?from=mdr

"ONGC Videsh Ltd (OVL) is waiting for clarity on the equity structure of a block in the Lokichar basin in Kenya from Tullow Oil before bidding for a stake, a company executive said on Tuesday."

What the company executive actually means:

"ONGC Videsh Ltd (OVL) see an opportunity to get a bigger stake from Tullow in the Lokichar basin block in Kenya, as Tullow have been gifted 50%."

52 Week Low 21.84p

52 Week High 53.95

Current share price 29.46p

Shorts have lost 29.70% of potential profit since the year low

Longs have lost 58.72% of potential profit since the year high

I emailed IR this morning and asked if there was going to be a webinar or just an RNS released. No response so far, will post it here if I get one.

And the fact that they're going to be generating so much revenue in Ghana they need to hire a financial planning accountant ;-)

https://www.linkedin.com/jobs/view/3658306092

You do have to wonder if it's a distraction tactic, as it always leads the conversation away from the positives of what's happening at the moment with TLW back to personal attacks. Example, we basically almost completely reversed Thursdays drop on Friday and no one seems to be talking about that.

Saudi cuts starting to impact supply probably.....now been extended into August too it seems

https://www.cnbc.com/2023/07/05/saudi-energy-minister-says-riyadh-moscow-oil-cuts-showed-unity-with-russia.html

Not long to go now ..... anyone know if there is a webinar and if so have the link?

Fast as LSE close their account he/she/it/they/whatever open another.....

Maybe you could of if you had special info ;-)

Wrongdong..... the number of posts you've posted this morning is showing your desperation. Time to face facts....you were right to short down from 60p, but now is the time to go long.....there's still hope and we would call you longdong

Exactly....the US controls the data and the Saudi's the oil production. The US have been selling off their reserves to artificially reduce the oil price and can't keep that up any longer and there's only so long you can fool people with manipulated data before they realise what's going on.

Wrongdong....soon to be known as verywrongdong.....at the current price I'm down 50% from the days of 60p and you're down 33% from the May low. We'll be 33p before the 12th of July update and you'll then be 50% down. Funny how what goes around comes around..... not as clever as you think you are.

You've been wrongdong since the 16th of May when this turned and the trend reversed. Must be at least a 30% reversal of fortune for you now since the 22p low. And so it will continue for the rest of the year as each of the catalysts kicks in.....