Member Info for GarryGraham

Bilbobagholder:

"Briggs switching up his trolling approach after GG was exposed".

Exposed about what? I have not lied. All I have said is that it is a very risky share to own, as you can and probably will lose all money if no oil is found or if Chevron do not proceed to full drill. However, if oil is found in huge quantities, investors will do very well. What is wrong with this?

GG

Laallee

Samaritans.org.

I have phoned them on so many occasions they have blocked my number !!

GG

In4cedros:

Trust me I want us all to do very well as shareholders in this company. I want us all to prosper for our support in the board of directors by taking the risk as shareholders in this company to invest and support it . I may seem negative but I would say cautious.

Best of luck to all fellow shareholders.

GG

Bought some more today. Not a lot but added. Hopefully awaiting confirmation.

GG

the daily dog. wish i had never come upon this shower of ****.

gg

I love it bilbobagholder, inc4edros, and the rest of the loony brigade all think its a dead cert that:

1. Chevron going to find 3b barrels of oil in Block 1.

2. Chevron or another major proceed with a full farm out on Block 3 despite them not being interested in the license when offered to them directly.

3. Trinidad to be suddenly turned around from a drill losing $180k a month including overheads.

I am invested in this and probably a lot more than you clowns but at least I know its an exploratory drill in a virgin area where the only previous drill was a duster. Its a punt nothing more, repeat punt. At least I am realistic enough to call it that. In4edros and a few other are either employed by CEG or delusional.

I am not going to argue the toss with you as you will never change your point of view and when its called a duster or something negative happens you like everyone else ramping it up will be no where to be seen. Typical AIM rampers one step away from the boiler rooms.

GG

General Observation.

1. Trinidad - Dry and unprofitable wells spurting out drops of oil which pay for the board of directors ridiculous wages. No chance of making profits or being sold on . 200/1 rank Outsider.

2. Block 3- CEG will struggle to get a farm out. None of the majors interested in buying this license and all were offered it, after reviewing the seismics no one wanted to buy. Extremely unlikely they will change their mind . Eytan took a punt as no one was interested in and paid tuppence for it. 40/1

3. Block 1 is everything and Eytan got very very lucky here. He cleverly nipped in when no one was looking and got first pick during covid. 2D Seismics are good and there is a chance he could get very lucky but its a virgin territory and at best its a 5/1 shot.

GG

In4cedros.

1. I dont think the £12.5m which is due to be given to us by Chevron is intended to be spunked on a load of ancient wells that are almost dry. Why throw yet even more good cash at a failed project.

2. As a shareholder I may ask our CEO at the AGM how he is managing to spend so much cash burn each month if we are “ breaking even “ . If it wasnt for the Chevron and Charleston money we would have any dilution of shares as we are obviously not and never have been a profitable oil company despite the utter garbage you continuously post.

GG

Am I correct in saying there are now 56m shares issued ? I am very new to this share.

Massive drop today due to share issues but underlying seems a fundamentally strong company with not a great deal of shares issued ?

GG

Can someone please explain to me if we are almost breaking even on the Trinidad wells why are we burning through cash at $180,000 a month ? As a company we are producing less than 300 barrels of oil a day, how can we surely be burning so much money ? Wouldnt it be just be a better option to close these wells down, dramatically reduce capex and await the farm out for Uruguay but then the directors cant justify a salary can they ?

Cant understand why this is not rocketing up ? Massive buys by fund manager in last two months and the company is buying a huge amount of shares back. Always follow the money. Massively discounted price at these current levels in my opinion. I would be interested to hear other points of view. Am I missing something ?

GG

7 Aug 2024 07:00

RNS Number : 4447Z

Tullow Oil PLC

07 August 2024

Tullow oil PLC - 2024 Half Year Results

First half revenue of $759 million, gross profit of $460 million and profit after tax of $196 million

Ghana drilling programme completed safely and ahead of schedule

2024 guidance reiterated

7 August 2024 - Tullow Oil plc ("Tullow"), the independent oil and gas exploration and production group ("Group"), announces its Half Year Results for the six months ended 30 June 2024. Details of a management presentation and webcast that will be held at 9:00 BST today are available on the last page of this announcement or visit the Group's website: www.tullowoil.com

Rahul Dhir, Chief Executive Officer, Tullow Oil plc, commented today:

"During the first half of 2024, Tullow has continued to deliver strong operational and financial performance. We are pleased to report improved results across key financial metrics compared to the first half of 2023; with higher production and oil price realisations combined with lower expenditure. The Ghana drilling programme was also completed safely, and ahead of schedule.

"We were delighted to reach a major milestone by taking final investment decision (FID) of our nature-based carbon offset initiative, in partnership with the Ghana Forestry Commission. The project will deliver certified carbon offsets in line with Tullow's 2030 Net Zero target, while bringing broader positive impacts to the local community.

"We now progress into a period of lower capex in the second half of the year and beyond. We will continue to reduce debt through sustainable free cash flow generation, strengthening our balance sheet and providing optionality for investment, growth and future returns."

1. Company is making significant profits whilst oil prices remain low.

2. Oil prices are certain to rise especially with middle east uncertainty and pressure from Saudis.

3. Substantial Director buys in last two months.

4. Tullow working hard to reduce debt to under $1bn and improve balance sheet.

5. Short positions being closed or lowered recently.

In my opinion SP is massively undervalued and looking for a 50% return in 12 months on current share price levels.

Be Patient.

GG.

I bought this share a couple of weeks ago bought £3500 and was £1800 up last week but didnt sell. I sold today with a £1000 profit. Its AIM anything can happen. Happy to rebuy in if it dips to 3.36 which I bought it for originally. It does look a good company but its AIM. The biggest concern for me in a recent video presentation that the CEO said the ultimate aim was for the company to start making a profit and that they didnt need funding unless something extra ordinary happened which leads me to think they may. I do hope its not a life style company as most AIM companies are.

GG

C Beadle:

Really good move , FAB could soon be 104p if they get some good agreements.

From 4p to 104 p is a significant move. Please explain the huge optimism.

GG

I would be interested to know everyone's opinion on todays RNS ( Apart from In4cedros ).

GG

Druid - Yes I think it is the infamous Starchild.

GLA DYOR

In4cedros.

Get a grip man. How many barrels of oil did Chevron just discover in Urguguay ? Wow, we can all retire.

Put your pride to one side and stop trying to win little battles. Of course, I want CEG to do well and discover lots of oil but there is a mountain to climb and I dont think you have quite grasped that. Stating in a RNS that negotiations are progressing is a world away from announcing in a RNS that they have just hit 3bn barrels of commercial oil in Block one in a virgin territory. You and a few others can call me a timid troll I would say I am a realist. You do get excited easy I dread to think what you will be like if we do hit the black gold. GG.

Whilst today's RNS is very positive, and as a shareholder, I very much welcome it, I would suggest everyone take a deep breath. Some of the posters on here are celebrating like the results of the oil drill has been announced and Chevron has just announced they have hit 3 bn barrels of oil. FFs get a grip. Eytan has said the legal processes are moving on and has explained the delay which is a long way from a commercial oil strike in a virgin territory. Chill your jets everyone : GG

Bilbobagholder - I would add almost everyone invested ( retail investors ) are long term investors who have been with the various different companies for a number of years. I would argue almost all of these investors are massively down and very few have bought in when you did. Most people myself included are going in for a second punt after the Bahamas fiasco. What have long term investors had out of this company, nothing but pain to date . GG.

Not wishing to ramp this share in anyway, however there are some serious buying signals going on here. The chief investment officer in charge of the fund makes a huge purchase of shares on the 24th August and prior to that makes a considerable purchase on the 9th August and the company are buying a huge amount of shares back when they could easily shore up the balance sheet further. The oldest adage in the book is to follow the money and all the signals point out to this share soaring upwards in the next twelve months. GG