Member Info for Foresight22

Looks very poor results. Seem to be over hedged again. Not good. Loss of upside yet again. Will be interesting what questions are asked today of our Board.

You are assuming the Oil Price will drop below $100/BO over the next year or so. If you shut-in mature oil wells in the Middle East for 6-9 months (assuming the US will have to invade Iran to solve the current mess) then it is not obvious whether 100 million BOPD will still be achievable as OPEX Production will have to ramp-up. Best to do nothing and simply wait. Too hot to invade Iran now till October/November. Send the Tullow Board to Jamaica till next year...

That's great news. Hopefully Total will leave too. ECO can hold 100% and Farm Out to new players...

Unfortunately Tullow has had an incompetent Board for 10+ years losing some $400 million in poor hedging, now with net oil production down to only some 30,000 BOPD. It's been a complete shambles. Let's hope they do not hedge, and simply run with the OiI Market Price. This is Tullow's last chance to get to some 70p per share. Needs the Board to stop drilling ridiculously expensive wells and hoping they all just go on holiday for 6 months. Fingers crossed..

Seems surprising that ECO has not be singing the benefits of its Falkland Acreage through its 6.6% interest in JHI. With Sea Lion development going ahead, makes it very attractive for new drilling. Johnson Field discovery well 14/5-1 proves up accumulation into our block with TCF (3-10+) of gas expected.. great news.

Marina Field is a lot more viscous. Also Jethro has advantage of higher reservoir pressure and reservoir temperature.

Jethro and Joe were huge discoveries. 3.5billion BOE in place , 25 % recoverable , 875m boe...20% net. Can anyone please post a link. Need breakdown separately... 25% looks high for Joe. Good for Jethro..

Thanks

Share price is crazy compared to current net Oil Production Rates. Interim CEO needs to stand down ASAP.

What a shambles the last 5 years have been...

Cold weather in US & Europe..,

What is the Board actually doing? Why no Succession Plan...

Kos debt pile was just as bad, hence 'Shares' offered not 'Cash'. Tullow by end 2025 will be in good financials. Just has no leadership. No one touches BP, same about Tullow. January will be interesting. New Board? New Bidder? White Knight? sounds like 1990's all over again...

Let's hope the Board now start to think about their responsibilities & accountabilities. Need 'Succession Plan' first. Then actually think about having a 'Long Term' Strategy. Having a unifying purpose would help too.

Could be rocky over next few weeks - the Board now have till early January to prove their still 'home'...

US Refining needs Heavy Oil. Regional needs. Hence development being pursued..

Based on today's SP not great...

Amazing what the threat of new "leadership" does, SP 26+ : SP 150+ by this time 2025. Just a wasted 4 years then...

Going into Nigeria sounds crazy. Needs to find its roots again with some high impact Exploration. Jamaica, Namibia, South Africa, Guyana…

If he gets a massive pay off - the whole Board needs to resign…

What a disaster he has been. Why has it taken so long? He spent big on Ghana with ultra expensive wells. That spend could have wiped out all Tullow Net Debt. He trashed the global Exploration Portfolio. Our Namibian Block is very valuable now. Left Jamaica Block to UOG for free. Massive upside there. The Oil Hedging has cost Sharholders well over £600+ million too. About time. SP at an all time low..

Based on the CPR - the drill targets could be hitting stack pays so 4 Billion Resources Gross would easily compensate for just 6.25 WI. Farm-In was good deal all round. Gets wells drilled too..

Not a great deal based on Eco share price collapse over last few days… New broom sweeping Eco away at low cost. $1.5 million bonus on drilling well? It the operator that is doing the buying? $4 million bonus on operator actually doing the main farm out?