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Also some analysts expect oil price to fall

In the coming year

Tax arbitration case hangs heavy on this

share, the result will be known no later

than sometime in Nov, I guess the market

wants clarity there.

2023 free cash flow $170 million

2023 capitol spend $380 million

2024 capitol spend $230 million

All other metrics seem better in H1 2024

compared to H1 2023

Https://oilprice.com/Latest-Energy-News/World-News/API-Reports-Significant-Crude-Oil-Inventory-Decline.html

official oil figures published at 2.30 pm today,

we need Brent to keep above $80 for

remainder of the year for Tullow to meet their

expectations.

Https://www.zerohedge.com/commodities/bullish-positioning-oil-just-hit-all-time-low-signaling-price-rebound-imminent

Their guidance is based on a $80 oil price, so

you have to go with that.

Https://www.opec.org/opec_web/en/publications/338.htm

We need them to manage the oil price at

current levels

Best case scenario, Brent averages $80 or

above for 18 months, net debt reduced to

below $ 1 billion, Kenya gets approved with

Tullow retaining an interest alongside a

financial partner, the tax issues are resolved

favourably for tullow and they refinance the

2026 bonds.

I wonder what price tullow would be then?

Hopefully a lot higher!

I will be playing at the EPT in Barcelona,

perhaps I will get lucky there.

Good Luck

Goldinvestor7 ( the Publican) , as I said I would

I sold my shares first thing on Friday, not

sure how much I lost around £35 000, I

Imagine, you were right, I did not factor

in the mess at Yanfolila and disappointed

how misleading the 5th june interview was.

I was sucked in by the high gold price.

I dont know how this is going to turn out but

my bet at 9p lost, perhaps those betting at

6.4 p will do alright, as always its a gamble.

In hindsight I now regret my gamble.

Hopefully enough to stop the share dropping

below 27p.

Lest investors forget Tullow are entitled to a

2.5 % royalty net of tax on 28% of total production

of Uganda's Lake Victoria at $70 brent, which

will be an income stream of 10's of millions

of Dollars per year.

Kenya will be looking over to Uganda with

some envy as it gets closer to production and

the pressure will be on them to deliver.

Https://www.goldmansachs.com/insights/articles/peak-oil-demand-is-still-a-decade-away

Https://www.eia.gov/outlooks/steo/report/global_oil.php#:~:text=We%20expect%20the%20Brent%20crude,resulting%20from%20OPEC%2B%20production%20cuts.

Will tullow oil ever go over 30p again?

I hope so

Gold climbing nicely, If and when they reach

what they predicted at KOU, the AISC would be

closer to $1000 than $1500.

Tommorrow will be how much progress they

have made, but we will soon know.

That post on LinkedIn was made around 20th june from memory.

Sam Myers voluntarily made a positive

comment in reply to a question about the

current situation at KOU about 2 weeks ago,

from which it is clear the relationship with

HUM management is excellent and the morale

of his team on the ground is positive,clearly

he could not go into detail because of market

sensitivity.

I will dumping my shares on friday if they have

made no progress and taking a £40 k loss at

around 6p, there is no excuse for no progress.

Dan betts said they had accessed the fresh

high grade ore and the were doing the volumes

and they will be a commercial run rate at the

end of June and 200 k run rate.

If they have not progressed by end of July

then at KOU, then people can draw their own

conclusions.

300 000 sell, someone does not fancy it, why

did they not sell at 10p?

Provided there is nothing untoward from

Yanfolila, I can only see a positive update,

Friday or not.

Hopefully after Friday the narrative will

change.