Member Info for Davstock

We could really do with the Uganda Gov finalizing the deal now. I would hope that the board is pushing the Government for a conclusion on this?

it's been using any chance to head lower over the last 7 weeks. Look at today's reaction to the oil drop, TLW is the only one being affected by it!

This is trying to go as low as possible before the results - 2 weeks still to go.

It's suffering from the PMO results hangover, which shouldn't have any effect on TLW but has.
Can't see any step up until they bring some news out for themselves.

Sorry didn't look like the first one went?

Looks like their hand was forced in Kenya, I was hoping it was Tullow that wanted to drop force Majeure and start working on a deal again.

https://www.nation.co.ke/kenya/business/why-tullow-was-forced-to-halt-its-force-majeure-plan-1926408

Looks like their hand was forced to lift force majeure, I was hoping that it was of their own doing.

https://www.nation.co.ke/kenya/business/why-tullow-was-forced-to-halt-its-force-majeure-plan-1926408

The last time TLW was under 22p Brent was under $20!

The board has to address this relentless fall now.
If they stick to a plan of not to say a word before the 9th, then there won't be a lot left of this share.
This company can now be taking over at any time for peanuts!!!

I'm trying to give him the benefit of the doubt but as the days and weeks pass and with the massive drop in the share price, it is getting more difficult.
It's more the original board members that I have a problem with, they are still in their positions after they let the company get into such a mess. They get paid to police the main guys so they don't get out of control. There are things like Dorothy awarding herself 100% just when they are paying hundreds of TLW workers off!!!

With Rahul, I agree if he can sort out Kenya he will have been a great appointment. I would guess he has spent the first 2 months putting plans in place?

Oil almost $46 - whats with the drop?

The last time I looked it was 2% up, what the hell is wrong with this company?

Someone wake up Rahul!!!

This company is crying out for some solid leadership. The share price has constantly drifty down since the new CEO started.
He's been in the job for almost 2 months now and we've not heard a peep from him.
The trouble now is there's still over 2 weeks until the results, That's a long time at this price!!!

If I remember correctly, Tullow is not liable for the tax payment, Total is paying it.

Very good article on Uganda, breaking it down and explaining what has happened and what is happening.

https://kampalapost.com/content/final-investment-decision-imminent-where-recent-developments-leave-ugandas-oil-gas-sector

https://www.businessdailyafrica.com/corporate/companies/Turkana-oil-works-to-resume-as-Tullow/4003102-5612984-fwt12j/index.html

Someone had posted a week or so ago, that the IR team had said the well is now producing and they are evaluating the flow now. That would mean the drill rig is finished its work on the site.

Yes, I agree.
I think the 9th will bring a full and packed updated with a lot to digest.

Not only do they have a very large amount of money just about to be deposited into their account. They also have Nt well onstream now and pumping extra oil from last week, so there is positive to come out.

With Total SA. putting work out for tender already and the Ugandan government saying it shouldn't take any more than 2 weeks to agree on it, which was just over 2 weeks ago, tells me it should come in at any time now?