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Oil perked up nicely $80 +

And you have not taken account of the

debt falling.

Someone was tempted to buy a million

shares earlier in one trade.

No AT's taking it down today yet, I guess they may

come later.

Oil holding up, share price sagging.

I no longer confident of the low.

November the big month here

If? they confirm free cash flow and

the tax arbitration is successful

What price?

What does Roald know, he earns little from tullow

less than £100 k pa but invests millions in

tullow shares, he could invest his millions

anywhere, he owes Tullow nothing as a

non ex director.

Https://www.zerohedge.com/commodities/goldman-cuts-oil-price-target-5-70-85-just-sentiment-hits-all-time-low

Sub 10p and valued more if you include the

debt and in worse shape.

Oil really needs to stay above $75, so Tullow

needs the help of Opec, inventories come out

again at 3.30 PM, hopefully another draw.

Still see 27p as bottom, although its arbitrary

as at 27p, Tullow is valued at around £1.6 billion/

$2.1billion with debt .

Lots of scope for the share price to rise in the

future but they need oil to hold.

Assuming no major setbacks and a reasonable

OP, the SP will be moving higher over the next

16 months that much is clear to me.

As they pay off debt and refinance that will

automatically lift the share price.

Bottom 27p

by end of 2024 at least 30p

by end of 2025 at least 40p

Https://www.zerohedge.com/markets/ford-ditches-plans-electric-suv-industry-continues-backpedal-evs

Seems like 27p is the bottom, even with a

subdued OP, some chunky buys came in

to counter the AT sells.

Looks like they want to take down the oil price

reguardless, hope Tullow does not not follow

25 p?

Should support OP until next week

4.7 million barrels

Flavius

They flag up the exploration well on Simba licence

in the January statement (their intention)

As well as the presentation, Rahul confirmed

they are currently drilling in the Webcast.

So pretty sure its happening in the background.

But its all about the OP at the moment

The share wants to go up but the Oil Price is

a current drag on the price, OP needs to be

$80 +, remains to be seen if the OP will

recover, if it does, then there is a major

catalyst in NOV, the result of the tax arbitration,

Oil under pressure ( currently $77) hopefully

OPEC postpone the reintroduction of the

voluntarily cuts.

I still expect MM's to hold the 27/28p region.

They stated the abritation result we be no

later than sometime in November.

Stupid comment JMAX, November the moment

of truth unless you already know the outcome.

If they win the abritation case the share price

will rise thats obvious, if they lose it will fall.

November is in the coming months is it not.

Not getting any help from the OP, we need

OPEC keep the voluntary cuts in place.

MM's seem reluctant to drop this any lower, so

I expect the price to hold 27/28p