RE: Looking good for tomorrow30 Jun 2023 12:55
Doctordong I'm afraid I'm not going to stop the Twitter links and the positive posting, as I'm very positive about the outcome of the catalysts for Tullow. The doom mongers on here call the Twitter links obscure and irrelevant, however they're not. The Tweets are by Kenya government departments and government ministers who are involved in the decision making process, so their opinions, information and leaning are extremely relevant. They are not from a PI with a random opinion or an investment house with an agenda. Time will tell, however I honestly think that because Kenya has been dragging on so long that it is going to take everyone by surprise. Why would they tender more exploration blocks if they won't let Tullow get the oil out. Who would they attract under those conditions. Also, why would they be engaging with the Turkana governors regarding compensation for land acquisition if they weren't going ahead. Then there is the question of what will happen if they do actually say no. Will Tullow have to be compensated ..... who knows as you'd have to read the small print .... however generally every time a contract is entered into by a multinational with a government it is generally loaded in the multinational's favour. So perhaps that is why Rahul has said debt is no longer an issue, as whichever way Kenya goes they'll come out OK. It's been a long wait, however either way we'll know within the next 3 months.
Oh, and there's been so much focus on Kenya everyone is forgetting about the increased Jubilee production that appears to be going extremely well.
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