Member Info for battle99

Given the amount of times Gill has stated end of q3 for target selection, I can't see how an update to the market can be avoided. Just listened to presentation, and not very upbeat at all. I did think that this was the reason why eco was buying into Jhl. At least Exxon may deliver with their drilling programme. Good luck all for results hopefully next week.

Next week it is then. Good luck all.

I d imagine if somebody knows it was positive they would buy in. It may have not risen previously as the wells were not commercial. It may mean something or it may not... Will know in 14 days.

..... That's 12 drills starting in 2022, over the next few years. Can only dream of 12 drills on our block at the moment.

I think that tullow. are talking about reducing rather than leaving blocks, also total reduced their % holding for our block. Although the £ are relatively small to a super major to increase their % again, a lot of oilers have reduced capital for future drilling given push to go green and shareholder pressure to pay down debt and pay / restore dividends. I also think that jethro. Joe complicate matters, would tullow. assign zero value to these or maybe these would be left outside any transfer. It would be more delay but I think Exxon would be ideal given all the drilling data they possess,and the obvious large commitment they have to this area, 12 drills in canje, another 12 drills in the block next to that in 2022, plus stabroek. Would they take on another block?

A CEO will always try and be positive, as if they can't be why should anyone else. Hopefully something will come through in next couple of days. Gil will have his external and internal view of tullow. I think gil is hoping for the best, but planning for the worst, ie why we bought into canje.

Two more days till end of quarter.... positive view, it's taking time due to need for informal new partner input. Negative view, zero happening until tullow sells.

I hope if we only get two it's on this and the the next drill, rather than on the 12th and 13th drills, as will be less strain on the heart.....

The share price is just a reflection of the risk, however, the price is bonkers if just one of the large targets is commercial. I've bought in as a calculated gamble given success next door and the fact that Exxon have committed to a larger programme. Will see in a month's / 12 months time whether it was a foolish mistake or a great investment......

.... If shell had come to me I'd have given them 2 dollars for it!

I think you are right about a fundraise near term if a new / existing partner takes control of the block from tullow. However we can't have it both ways, it's either slow and low £ with tullow or full speed ahead. All that matters ultimately is whether there is commercial oil down there, and I would like to see them drill multiple wells. Hopefully with a new / larger programme the share price will be higher than here, when the raise takes place, and you never know if canje might come in....
On another note, Ive only just found out that shell were partnered with Exxon next door, however, they dropped out as thought too risky and gave rights away for 1 dollar....

Tullow needs to stop messing about, hopefully a big boy firm will take over and drill a substantial number of wells, like over at the canje block, so if we have a duster upfront there are many more throws of the dice. I wonder if the drills to date complicate matters, i.e will no value be assigned to jethro & joe. I imagine abit of haggling will go on over the aforementioned. Nothing that can't be resolved....

I think that eco bought into the canje. Block as there would at least be some drilling action. I think that tlw may not drill at all in 2022, unless a deal is done. It is clear tlw are in no rush.... ideally they need to drill two, as if they just drill one and it's a duster, then the share will tank, if they have to wait another year for something to happen.

I think hydrogen is the big winner for bp. If the tech / cost allows it to take the lead over ev. I know bp have bought the US petrol station chain recently, but cannot help thinking that with ev charging points, these can be put in anywhere, in your local retail park, roadside starbucks etc, so there will be less need to go to a petrol station type location that bp currently owns, to get your fuel. Hydrogen vehicles and green energy production should/ could be the big winner.

On buybacks, I think that it is partly being done as in the long term bp will generate less profit per share compared to the good old days, I think that using cash now to shrink the ownership of the company, will support the company share price but not necessarily see it shoot upwards. I've bought in as I think the company is a cash making machine over the next year, or two,and there is potential for a good rise from these levels.

If Boo kept to the trend before COVID started I would say we would be in the £4.50 to 5.00 range in April. After Covid hit, then the working conditions news and then the auditor quitting the price has tried to get back into this rising range.

Senior analyst at Shore Capital re-iterated their strong sell today 'Since the discovery of the largest gold reserves in the world under its distribution centre we are increasingly worried about BOO management bandwith, this coupled with the Chairman discovering the secret to ending all disease leads us to reduce the target price for this company to 0'.

..you couldn't make it up with the share price reaction. Let's hope they don't buy Zara for a quid as the share price would drop like a stone!

The question is what can eco total do in June if tullow are still foot dragging and don't commit, as operator they can't be forced to drill as long as they meet obligations that come with the bloc. Eco total may want them to farm out, but they can't make tullow...... quite frustrating.

you need to ask your nurse to increase the dosage....... either that or try reading my post again.

Good to see that boo still has plenty of £ firepower left for further buys. I knew it wouldn't overpay to acquire ts/tm, as they have shown they like to pay for things on the cheap and then add the value. wonder what will be next on the shopping list.....