Member Info for BTFATH1

So busy in work with the family I have listened to the call yet will do it later on

Looks a barrel of laughs :-) I’ll get my coat

Exactly we have so many options. That rns landing would undoubtedly see the sp rise 100% in a day. To me though an off of say 45p why buy separate assets the debt can be rolled over as it has been for 15 years.

This is an absolute sitting duck and apocalyptic landscape together with the market mafia have taken it to such a level that it’s worth 90 million more than ruddy 88e :-)))))

I did not know we were at that stage with the Kenyan sale, transformational if so:

Tullow has enough liquidity to operate for 12 months under the worst-case scenario—in which it fails to meet production guidance and crude trades below $30/bl for a protracted period. Cost-cutting is the priority, to try and outlast the market low. The company has slashed the size of its workforce by 35pc and is closing all offices beyond its London base. Tullow has pledged net cash savings of $200mn into 2022.

Most significantly, the board says it will raise more than $1bn from portfolio management this year. West Africa holds the company’s most important producing assets, so East Africa is the most likely source for funds. The company has confirmed a formal sales agreement in Kenya, and the farm-down in Uganda is still ongoing. US bank Jefferies believes the assets are worth a combined $958mn at a long-term oil price of $62/bl.

Oil up 5% from the 4:30 close. Dow finished up way over 2,000 points. Just need the red light to flash with so much positive news to come.

21.26p so I am one of the lucky ones

Yep and we own more of jubilee and are sitting at 150 million mc. People shout about sub 10p but at any moment this could and probably will 4 bag minimum.

Right family time

Yep herehopin Carapa is the monster.

So so many options at 4.8 billion net debt I would be concerned at 2.8 when the maturities are up in 2022 and one small asset stake would wipe half of our debt off.

Are interlocked on every single project dyor :-)

options look at the recent purchases in stakes in jubilee and ten of 2.4 billion dollars that was a third of what we own.

Why would they be going full steam in Kenya and their other projects.

The debt is also half of what it was when the sp was £11

Market forces aka shorters, corona, the Saudi Russian falling out, etc etc

It has been the perfect storm, the question to ask is what has happened to their core assets since £2.45 they are still in the ground and extremely valuable.

Wake us up in a month if a bud doesn’t land before and it will be at least back to 35p plus. 50p with an offer can come at any moment

Well located so they lodged the claim for $2 billion or 1.6 billion pounds. Interesting :-)

150 million for this company is a complete and utter joke.

Have a good weekend all lots of sport and family time

4.8 billion of net debt and now it is 2.8 billion. The sp was at £11 and they were making heavy losses but not with impairments.
Read an article that they are in the process of trying to claim $2 billion from the Kenyan government is this true?

Good post convb the fall has been brutal and certainly not what you expect from a business who posted a 700 million pound gross profit. If hadn’t of been for the impairment it would have been a great year.

They are turning the business have cash, free cash flow and a 1 billion credit line.

Betrayed I think could be right maybe Sammy did loan out his stock, the moment the sale board went up the sp continued to plummet with not one TR1 notifying us of a reduction. The market cap stands at 150 million with world class net assets of a billion.

Total have a market cap of 85 billion what is 450 million to them this would be the bargain of the century seen as they partner them with everything.

I am fortunate I have an average of 21p but for many who bought at £15 £11 £2.50 the management do need to justify their previous actions.

So much news flow to come including the new ceo, future drills, asset sales and a bid the latter which is inevitable at this level.

Just how corrupt is the stock market to take a stock from 2.45 to 10p with not one institution reducing - just criminal

Excluding the impairment market cap now 140 million with world class assets

I bet you are joy at dinner parties :-)))

Just inevitable a bid is coming in now the powers that be have taken this down by 3.5 billion quid in 20 weeks.

Going to get pummelled it’s down from 2.45 to 11p there is no more pummelling to offer :-)

It doesn’t need to refinance the debt maturity is due in 2022. Net Assets are now 7x our mc

I need 10p to break even I am going to trade it, it will get flung about big time. 2.45 to 12p in 21 weeks. £11 when the debt was 4.8 billion. This sp is ludicrous.

With a reduction what the heck???

This is going to get ugly for you megla

Could do a 40% er this afternoon