Member Info for Davstock

According to Jefferies, they forecast a 30p starting price for Premier.

That seems about right to me!

It has just popped up on Blom that the ship is still stuck!

The well was an obligation drill, not one they would have done if the had a choice! The problem is it was a 60 million obligation.

Once the noise has settled with this it's back to business plan that will come good.

It's been one hell of a ride over the last 6 weeks!

Looks like we are taken a wee breather!

Last comment!

''Refinancing is just a step in the road and will get done''

Great detail in the update!

Just been confirmed!!!

Blomberg has just announced, Opec+ could be keeping output unchanged in April!

Wednesday's result should be more about the forward plans than 2020 weirdly!
From the November forecast of the oil price needed to what the oil price actually is now, blows that forecast out of the water. They have the potential to make 100's of millions extra in the next 12 months!

Uganda FID should be finalised this month.

The newest sales will go through with speed.

Bond negotiations should be far more straightforward with all this extra cash from oil prices and extra sales.

Uganda FID should drop in the next week or two!

Don't know why there is a RI discussion on this issue?

The company has stated that a RI is not in their plans going forward.
I spoke to the IR team last week and they said they have no intentions to do a RI!

Time to move on from these discussions!!!

https://gb.wallmine.com/otc/tuwoy/officer/2057337/rahul-dhir

Rahul has the exact credentials Tullow was needing when he was appointed last year.

Just added 83760 to my holdings!

With Tullow's future now all but sorted, it was now down to the price of oil that will dictate Tullow's share price going forward.

...Providing positive impetus to constructive discussion with creditors...The group is confident that mutually satisfactory agreement for all stockholders can be reached in the first half of the year.

That's the most positive RNS Tullow have brought out to date!

Looks like it's happening in the next couple of weeks?

https://www.reuters.com/article/uganda-oil/update-2-uganda-sees-work-on-oil-pipeline-with-total-starting-shortly-idUSL1N2KV15D

We should see RBL news break later on today or first thing tomorrow and I think there is a high possibility that the Uganda FID news drops in the next few days as well.

Varde dropped 0.32% on Friday!

RBL will be announced this week at some point.

I've seen it all now this week!
Motley Fool has put a buy on Tullow.

https://www.fool.co.uk/investing/2021/02/12/the-3-best-oil-stocks-to-buy-right-now/

The surprise 180 million announcement this week has got the shorts and de-rammers in a frenzy - working flat out trying to bring this down on the good news!

To have 755 million and could be nearer 800 million on the back the oil rise over the last couple of months is a great position to be in.

Most analysts before this week had said Tullow should be able to sort out the refinancing of the debt, now suddenly they have an extra 180 million, so it now looks like an easier route to negotiation.