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Monday September 15 new CEO Ian Perks joins the Board as CEO, with Richard Miller as CFO.

With 2025 net production at 16-18 million bbls and 2026 net production upwards of 24 million bbls, TLW is poised for increased cash flow, interest coverage and profitability.

https://www.tullowoil.com/media/press-releases/appointment-chief-executive-officer/

Wouldn't expect any upward movement in stock until the new CEO has his stock option strike closed, and officially begins on the 15th. Strike could be set at 20 day trailing average price.

Stakeholders include shareholders, bondholders, employees, government & community. Anyone with senior corporate experience knows & uses the term as inclusive representation when speaking to a company's purpose & values.

Ian Perks is an excellent pick to lead Tullow going forward.

https://www.linkedin.com/in/ian-perks-76657125

This is what the market has been waiting for, CFO delivers on promise that "next quarter the new CEO will be steering the earnings call", new well development on schedule for 2025 & 2026 refinancing negotiations on schedule, and the low stock price will provide incentives for new CEO with favorable stock options, as he starts officially on Sep15th. Company has already divested and kitchen sinked goodwill, providing a clean state to bring Tullow into a new stage of development & production. Holding 500,000 shares.

Fake News: While Meren, aka Africa Oil does have cash on its balance sheet that Tullow could use, Africa Oil has always had cash on its balance sheet, and is a risk adverse player at best, like a gold royalty company.

Even Reuters is qualifying this story.

MEDIA-London-listed Tullow Oil sees merger with Meren Energy collapse - Sky News

14:43:21 PM ET, 06/17/2025 - Reuters

-- Source link: https://tinyurl.com/27wcag5t

-- Note: Reuters has not verified this story and does not vouch for its accuracy

What deal? there was no deal, and Tullow isn't gonna be acquired by its prior junior partner African Oil, even if they did change their name to Meren. Brent is up near $10 bucks the past month, licensed and extended to 2040, Tullow is in a good position, not a weak one.

So, has there been a response from Ghana regarding the licensing extension? Where was the IEA during the licensing extensions, seems like their opinion was already known and discarded.

Looks more like a flash crash hitting all the stop loses and taking them out at much lower prices. Keeping 500,000 shares!

A few positives are underway, (soon) new CEO, reduced net debt position in 2025 by approx $500+, 2025/26 Ghana drilling program underway, stock technicals charting nice upward lift ... this little sleeper is looking to wake up in a big way. Long term holders should hangin in there!

Chart showing nice upward curve to the bottoming process, holding on to 500,000 shares, as Tullow continues its assent towards 100p and beyond!

Is Tullow still the operator of Harbour Energy's Argentina deep water drilling program?

Harbour Energy needs another acquisition (Tullow?), with North Sea taxes killing profitability & staffing.

Bought to my desired position of 500,000 today, TLW rally tomorrow, oil rallies! It’s an everything rally, Trump Blinks, next China settlement.

Https://www.tullowoil.com/media/press-releases/january-trading-statement-and-operational-update/

Trump is a liar & a con man, the whole drill baby drill is nonsense that only resonates with Trumpers, the Saudi’s need higher prices of $85-90, and Americans don’t realize how cheap oil is at the pump, compared to other countries that pay by the liter (the are 3.79 liters to the gallon). At $3.60US/gallon (mid grade) National Avg, that’s $.95US/Liter, even 20% less than oil producing (24pesos/Liter) Mexico. Is England paying £.78/Liter, nope!

Trump is a liar, Oil is heading higher!

https://gasprices.aaa.com/

Temporary production noise, holding 325,000 shares rounding up to 500,000. “Drill Baby Drill” is a 2001 Bush/Cheney mantra, that producers are not following anymore. Brent heading to $85-90 in 2025.

Weak pound now at 1.2163 to the dollar, Brent in excess of $81/bbl … Tullow in good position for 2025 cash flow & profitability. Buying, adding to current position of 325,000 shares.

IT’S DONE. Tribunal votes in favor of Tullow.

“ This decision relieves Tullow of the $320m (£256.34m) BPRT assessment issued by the Ghana Revenue Authority (GRA) and eliminates future BPRT liabilities under these agreements.”

https://finance.yahoo.com/news/icc-tribunal-exempts-tullow-oil-101652120.html

End of day purchase 19.64p@2,975,301shs is encouraging.

Still holding 150,000 @ 28p

Odds Kosmos steps back in with a 1:10 share bid valued at about 27-32p … 75%????

Kosmos announces “no offer at this time”.

https://finance.yahoo.com/news/kosmos-energy-statement-regarding-possible-103000797.html

The share price of KOS has declined from $3.72 US to 2.71 US (Dec 11th to today 12/16. That reflects the current expectation of market cap dilution from this deal of apprx 27% or $525M US in market cap decline, it probably will go higher, but 525M US is equivalent to $.36 cents per share on 1.46B Tullow shares. or approx or 28.4p. Again, this is a

current base case based on current valuations.

This merger is going to happen.

With 100% of the Ghana assets now held by the merged company, It’s a perfect fit, and the new Kosmos/Tullow 130k/day diversified producer will be stronger together. Institutional shareholders will vote YES, even if there was no premium to the current ratio of 1 share of KOS equals 10 shares of TLW, institutions will vote YES.