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https://oilprice.com/Energy/Energy-General/Oil-Majors-Are-Eyeing-A-Suriname-Offshore-Boom.html

The Stena drillship is due in Suriname waters on Saturday - Drilling to start before update maybe?

Next week will be the start of the info from Tullow - Update / Re-finance / RBL. All will be clear in the next few weeks.

I asked Tullow about the plans and they said they are confident and excited about the forthcoming plans!

Very timely news for the start of Tullow's drilling!

With the business costs at a all time low and with the high quality assets and also the oil price now forecast around $60-65 average for 2021, if they make a discovery in Suriname in the next couple of months I'm fairly confident they'll be taken over, I'm afraid!

Pictet Assets down 2 days in a row.
-.22 today

I asked the IR team that very question, and they said that they are still calculating the extra cuts that have been made and will have a breakeven figure by the Jan 27th update.

Tullow set out to be far more transparent in the business and the action they have taken along with the CMD has simplified the business. The forecast state to pay the debt and return profits they need $45 in 2021 and $55 thereafter.

The breakeven is not $45 for 2021.

The CMD clearly stated for the projection that they need a $45 average for 2021 to meet their new forecast, so the breakeven is below $45 with all the cuts that are starting to kick in!

Saudi going to make a voluntary cut in Feb!

Normand Supra has now docked at the port of Chaguaramas.

Looks like the drilling will be ahead of schedule!

https://www.vesselfinder.com/?imo=9656668

A lot better finish than I was expecting!

Just watched the commodities guy from BofA on Blom predict that oil will hit $60 in the 2nd quarter.

Great news!

I've never seen a share that's been more manipulated and held back than Tullow has been.

Should be rocketing right now?

The market doesn't know when it's going to land so haven't priced it in yet!

The RBL is being worked on in January so it will be released early February.

$75 million from Uganda FID, should be heading into Tullows funds in the next few weeks!

Pfizer wins European approval

The fundamentals haven't changed. As vaccines get rolled out in larger numbers, World production will increase and will continue to increase as it goes on.

The market has been looking for an excuse to drop.

There too many positives ahead to alter the direction for oil now.
1. Viruses change constantly and the vaccines will protect and adapt.
2. Pfizer being rolled out now.
3. Moderna to start to be used today.
4. More vaccine approvals to happen.
5. Europe still to approve vaccines.
6. Asia demand looking very strong.
7. US stimulus starting with more to follow.

With every day that passes, that's more of the population that has been vaccinated around the world. News like this today re-focuses the governments around the world and will speed up the vaccination programs!

Stimulus package and the Moderna vaccine being approved over the weekend, this should have been a strong day for oil and stocks!

I'm starting to get confused - does Tullow make less money the more oil rises???

Moderna I mean!