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Basically we are going to have at least 6 months average selling price here of over $90 a barrel

Well prd just rnsd they been selling oil at much higher price and they have feck all compared to Tullow so Tullow must be selling at the higher prices

US will revive full sanctions on Iranian oil this weekend

A 30-day waiver on Iranian oil sanctions - made last month to relieve pressure on global energy supply - will expire this weekend.

But while the US blockades the key waterway of the Strait of Hormuz, where one-fifth of the world's oil and liquefied gas is shipped in normal times, the Treasury has confirmed it will not be extended.

The waiver, which was issued on 20 March, allowed around 140 million barrels of oil to reach global markets, Treasury secretary Scott Bessent said last month.

That waiver is set to expire on 19 April.

Here's what the Treasury said in full:

"Treasury is moving aggressively with Economic Fury, maintaining maximum pressure on Iran. Financial institutions should be on notice that the department is leveraging the full range of available tools and authorities and is prepared to deploy secondary sanctions against foreign financial institutions that continue to support Iran's activities. The short-term authorisation permitting the sale of Iranian oil already stranded at sea is set to expire in a few days and will not be renewed."

At THESE oil prices → refinancing looks MUCH better

1. Cash flow math flips

Tullow guidance:

~$300m FCF at ~$65 oil (your earlier reference)

👉 At $100+ oil:

You’re looking at potentially:

$500m+ FCF (rough order)

That’s:

~40–50% of debt covered in ~2–3 years

👉 This is HUGE

. Refinancing timing = very lucky (or smart)

They refinanced:

just before / during oil spike

👉 That means:

avoided refinancing at worst-case sentiment

now benefit from stronger cash generation

So was it “good” GIVEN current oil?

🟢 Right now (based on last month oil):

👉 YES — it looks like a very good refinancing

Seems they have a trading update in Mid May usually so some more news soon!

As long as they pay down the debt and use the extra money to get rid of that, this shoul be much higher, the numbers will do the talking for this Quarter just gone

Wtaf. the share price drop is ballls, this should be way higher

Will we see Beast mode soon?!

Its unsual to get a rise at lunchtimes but here we are LOL

Mms keen to make a market here

Although nothing to do with this, those hodlers might be interested in Genincode

I can not find any other company that has much value proposition as this right now

Probably some sellers taking peanuts for profit. this should rip a lot higher, weve only had the teaser trailer

What in IC today?

Hmmmm, i think we are in for at least 3 more months of high oil prices

Welcome Jungle VIP

The whole weekend , aLL OF IT??????

Well done Murphy

Jmax, can you give me 3 other share tips please? thanks

Anticipation alone should see 1.5p minimum in my view, dyor, no advice intended