Member Info for BigBear2

Seeing trades coming through live

Looks like another buy.Iis crashed the stock now reloading on the cheap

Buy

Boot went in here and at BOR today.FID due shortly

I can’t see why this should not breeze up to that in a few sessions. Never seen anything like it on a ftse 250 stock.

Great close 60p on horizon tomorrow

Sweet light crude and let’s see what they open us at...

Over we go
Into the 50s

Bod won’t entertain numpty offers...
Partners know asset value.

I could imagine a combined bid of cash plus stock from a major even 2 quid is cheap..

Finally handbreak coming off. Finish over 50 and sane again tomorrow.

My gut tells me a bid is inbound Total could easily make an offer with barely a dent in the Xmas party funds.
I would expect substantially north of a quid the bod will only entertain offers near true asset value

Indeed it was but the fact remains it’s near term explosive news flow

The government has been locked in a dispute with the firms, including France's Total and China's CNOOC, over the taxes assessed on Tullow's plans to sell part of its stakes in the country's oil fields.

Uganda's previous oil tax disputes have been around capital gains tax on proceeds from asset sales.

Hanns Kyazze, a communications specialist at the ministry of energy and mineral development, said the government had offered the companies a deal to end the dispute, although he did not provide details on the agreement.

"They (firms) have now accepted that proposal and are moving on to ensure that package of proposed terms is operationalised," Kyazze told Reuters.

Same here I guess we will see after Capara what tullows plans are but 3 more drills in the sweet spot with a low cost per drill seems a total no brainer

When this lot happens..

Near term
Capara - comes in and is sweet light crude
Joe and Jethro - analysis confirms mobile crude

Med term
Quality new CEO appointed
Uganda Tax Situation resolved - 900 mill to Tullow
Divestment of 1 o2 core assets - more cash in the coffers

Join the dots....

Fluid samples were taken in both of the wells and were sent for analysis by the Operator. The complete fluid analysis has not yet been received however, initial results suggest that the samples recovered to date from Jethro-1 and Joe-1 are mobile heavy crudes, not dissimilar to the commercial heavy crudes in the North Sea

Krakken is currently pumping out 3ok BOPD for enquest...

Kraken is a heavy oil producing asset and is the largest single asset in EnQuest’s portfolio. First oil was delivered in June 2017, with the field development plan completed around the end of the first quarter of 2019. More than 25 million barrels of oil have already been produced from the original development and the Group is now embarking on the next stage of the field's development with a producer and injector pair to be drilled into the Worcester area of the Western Flank in 2020. Assessment of further near-field, short-cycle drilling opportunities is ongoing. Kraken is expected to have a long field life of over 20 years with the prospect of relatively low decommissioning costs.

Was it not possible to do a DST to confirm flows ?
Look at krakken and how well that flows and tullow are suggesting it’s a similar heavy crude - very mobile

Rifte welcome from COPL