Member Info for bluemoon71

They'll be offering free oil shares with every six pack of toilet rolls at this rate.

Scheduled for next week has been cancelled by Saudis. Looks like Saudis are going to play hard ball. It's going to get even stormier

Major holders dont want out of Uganda, that would be Kenya. Keep your deramping in line with some facts.

Meanwhile PMO SP is within 1.5p of Tullow's. I know where the market see the greatest risk in the short term

The bottom line is if you think oil will stay at 30-40 $bbl for 18 months and Tlw will not be able to effect an asset sale in that time period then you are right to assume this is toast. You pays your money and you takes your choice

I remember being told that as i embarked on a career in oil industry in 1979!

Pointless trying to rationalise whats going on in macro environment at moment. Tin hats and toilet rolls at the ready

2 weeks of low oil prices and now Tlw is a "dead duck"....ffs. Update today confirmed Tlw averaged $60 ppb in Jan and Feb. Lets see where oil is in 3-6 months time. We have time, be patient

Onlyprofit, hindsight is a wonderful and oft painful reality. Everyone's hurting. At 15p your at £7370, thats 67% up on where you thought you were! Seriously, don't beat yourself up too much.

Was reassured by conference call this morning albeit from a very low and fearful expectation. Strong focus on doing whats needed to protect production performance and clear move to a much more conservative financial strategy. I think Tlw are doing the right things, whether the macro environment gives them the time to carry it out remains to be seen. I remain positive and will continue to hold.

On a more upbeat note at least I'm not in PMO!

Notsohappyinvestor, great to have your input since you joined 2 days ago!

If we can hold in line with market today it is a positive signal. Will be listening in to call at 9am for the tone

Whole market is a bloodbath. Rns gives us time for dust to settle. We're still in business

Essentially if they dont hit production targets, oil stays at $30bbl and cant sell any assets they have a problem in 12-18 months. Market may not like it but takes immediate rights issue concern away. I'll hold.

If the only news we get tomorrow is that there is no need for a rights issue or debt for equity swap I'll be delighted. We can build from that.

Down from 7.6 to 5.5% 9th March ....interesting

A surprisingly balanced article amidst the turmoil of today

The net asset value will determine any bid not the SP.

Megla, if you mean by "these" oil prices $45 , Tlw arent getting these prices and wont be for most, if any, of 2020. Ive posted previously on my view. Im interested in what you think their avg $/bbl will be in 2020?

Megla, do you understand how hedges work? Do the maths on Tlw hedges for 2020