Member Info for Davstock

We all hoped the funds would come in earlier, but Total wasn't going to give up the interest on half a billion, it wouldn't have good business practice from them.

I doubt they will leave it to the last day (Tue) as if there was any hassle with the transfer on the day, there will be financial penalties to be paid. So expect it to land in the next day or two.

The Moody's info is still bugging me. They've brought this out on 3 months old financial information. They have not allowed for the last 3 months of work Tullow has been doing in the run up to CMD. They could have waited a few weeks!

Here you go.

https://www.oilandgas360.com/total-signs-pact-with-tanzania-for-its-eacop-pipeline-construction-project-making-headway/

Total has now just signed the pipeline construction deal with Tanzania, paving way for the FID approval.

Looks like the £75 million will be coming as well.

JMAX

It can't collapse now, all the legal paperwork is completed. The deal is legally done!

The only thing left to do is for Total to transfer the funds to Tullow's account.

The info is not an opinion, but fact base that came from Tullow!

If anyone is still worried about this deal.
Total and Tullow have tied up and signed off the deal. Total is legally obligated to transfer the funds now.

They shouldn't be allowed to rerate a company just before they have an imminent RNS about to land. It's blatantly going to affect the share price!!!

Moody's have put the foot right on the breaks on Tullow!!!

This would have been 22-23p right now if they hadn't put their doggy view on this.

Again - To wait just before the Uganda funds are going to hit the account to re-rate is more than suspect!!!

Fitch more upbeat on Tullow's future production in Ghana than the Moody's forecast yesterday.

https://www.myjoyonline.com/business/ghanas-oil-production-to-increase-2-in-2021/

Timing stinks - brings out their opinion just before the $500 million hits the bank. Trying their best to subdue the rise and keep the price down!!!

Not the best read!!!

Why don't these agencies wait a few weeks to hear what the company's plans are before issuing their verdicts?

There is the reason then!!!

It's a mystery to me why this is down big today when every other oiler is up???

Cheers Nickel

The measures Rahul has been taken over the last few months heading to CMD is starting to pay off. We just need oil to stabilise now!

I've been investing in Tullow on and off for the last 6-7 years now and as a business, it is probably in the best shape it has been since I started weirdly. Can't remember the top price I've paid but I do remember paying well over £3.00 at times.

I think by year-end it will take a lot of people by surprise how streamline this company has become.

The oil industry has been hit the hardest out of any in this pandemic, so it's obvious as soon as there is a little bit of light a the end of the tunnel the oil price will be the first to take a major leg up.

To be able to get Tullow at this price when the funds are just about to drop in is amazon!!!

The only thing left to do is for the funds to be transferred over now!

Total has had their result to concentrate on this week - now that's out the way!

results beat top estimates!

Now they've got that out of the way, they can now get back down to business and transfer the cash.

But it took a sudden drop at 4.29 only for a buy of 1,039,410 to come in 2 mins later!!!

Since the RNS, Tullow has gone down 5 out of 6 trading days!!!

Not what I was hoping for, even in this poor week of oil.