Member Info for draft

Duno why the sp wont go back up.

If this gets past that 14p ceiling, this is going up up . lets see

Oil price hits war high: A barrel of Brent crude hit $119.71, the highest price of the Iran war. The previous peak was $119.50 on 9 March. It's due to growing worries over the length of time world oil flows are being disrupted by the confli

A lot of cornershop owners are millionaires and billionaires. some own many of them

That dropped pretty quickly from the 4.6

need some positive news soon

Oil prices have continued to rise following reports that the US is preparing for an 'extended' blockade of Iran.

Brent crude rose to about $116.98 (£86.71) a barrel on Wednesday afternoon, the highest price so far this month, having closed at just over $110 (£81) on Tuesday evening.

It follows reports from the Wall Street Journal that US President Donald Trump has instructed aides to prepare to extend the ongoing blockade of Iran's ports, in an effort to squeeze the country's economy.

Iran has said it will continue to disrupt traffic travelling through the Strait of Hormuz in response to the US blockade.

Your a strange person. Anyway whatever who cares. Anyway wasting time posting on bbs is wasting their time anyway. These are echo Chambers to make people feel better.

No, I lost a lot of money in afren, just want to make sure it doesnt happen again

Lol its from chat gpt. and its worth comparing. afren went to 0 and people lost a lot of money

What would make Tullow look like Afren’s final stage?

Watch for these triggers:

❌ Failure to refinance upcoming debt

❌ Debt-for-equity swap wiping shareholders

❌ Sharp production downgrade

❌ Sustained low oil prices

❌ Loss of lender confidence

If those line up → Afren-style outcome becomes realistic

okay well we are the total opposite of AFREN at the moment and high oil price environment

Tullow Oil (2024–2026, current trajectory)

What it looks like now:

Heavy debt burden

~$1.2bn net debt and refinancing pressure

Refinancing = critical

Recently pushed >$1bn maturities out to 2028

Weak financial performance

Losses and falling revenue in latest results

Asset sales to stay afloat

Sold assets (Kenya, Gabon) to raise cash

Production pressure

Output at low end / declining

Share price stress

Hit record lows amid debt fears

BUT key differences:

✅ Still able to refinance (so far)

✅ No major governance scandal

✅ Core producing assets (Ghana) still intact

✅ Has avoided default

Afren (2014–2015, just before collapse)

What it looked like right before going bust:

Debt crisis

Defaulted on bond interest in early 2015

Couldn’t refinance

Failed to secure new funding → administration July 2015

Oil price shock

Brent collapsed from ~$115 → ~$45

Operational deterioration

Production outlook cut sharply just before collapse

Governance scandal

CEO & COO fired over unauthorised payments

End sequence:

Governance scandal (2014)

Debt stress + oil price crash

Production disappointments

Failed refinancing

Administration (July 2015)

Can anyone do a comparison versus afren

Its probably a short.

Well all have to hope for small daily incremental rises until next news now

more volume

more chat

**** share price action

decent interview

ffs

Lol

Please reforecast

Richard Miller

Group Financial Controller, CFO & Executive Director

Yes, sure. Thanks, Lydia. So the 4 cargoes we've lifted have basically been to the end of April. We've lifted 3 Jubilee and 1 TEN cargoes. As we look at the balance of the year, we've got -- well, for the full year, we're now guiding 10 Jubilee and 2.5 TEN. If we are able to hit the top end of the range from a production perspective, there is potential that, that could increase to 11 Jubilee cargoes and 3 cargoes on TEN. So the option for an extra 1.5 cargoes from a high-end production outcome.

TONY< Tornado, RERUN your crazy calculations?

In the first quarter of 2026, we have seen a material increase in realized prices. Our first 4 cargoes of the year have averaged $90 per barrel.

As luck would have it, we are pricing a Jubilee cargo during that week and realized a price of $130 a barrel, which is the highest realized price Tullow has ever achieved on a cargo.

In addition to higher oil prices, West African crudes are now trading at a material premium to Brent, given the lower geopolitical risk associated with loading and delivering barrels from that region compared to the Middle East. It's worth noting our hedges are priced against Dated Brent. Therefore, we have 100% access to this premium. So to provide an idea of the sensitivities and the potential upside, the graph on the right shows our 2026 free cash flow potential between $65 and $150 a barrel.

Incremental cash flow for every $10 price increase above our guided range is around $30 million. This chart also highlights the $130 a barrel level we achieved on the last cargo, which delivered over $116 million of revenue to Tullow.

UAE quits oil cartel: The United Arab Emirates will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) this week, as the Iran war roils global energy markets. The price of oil climbed above $110 a barrel for the first time in three weeks today.