Member Info for gogadget

I’m predicting once refinancing sorted 30p - 35p

IF additionally Kenya gets FDP and a partner then 45p… I don’t think we will see 60p again. On a positive note FCF projection based on oil @ $70-$80. Stabilised above $70 and slowly rising near $73

Got his placing money then no production increases updates since…I sold some shares last week and to sell 1k batches had to go through negotiated trade which was annoying as ended up with 0.2p per share. Not much buying demand. A lot of ramping by the company prior to the placing

SWS = 45p…

Q: With the sale of Gabon assets, is inorganic expansion off the table until the balance sheet is stabilized? Also, what is the status of refinancing the 2026 bonds? A: Our focus is on growing reserves, maximizing production, and completing refinancing. Inorganic expansion is not a priority until we stabilize the balance sheet. Refinancing plans are well-progressed, with discussions ongoing with private capital providers. The Gabon sale will reduce the refinancing requirement significantly. Richard Miller, CFO and Interim CEO

Q: How much was Gabon expected to contribute to the 2025 free cash flow guidance of $100 to $200 million? A: Gabon was essentially neutral in terms of free cash flow for 2025 due to significant capital and decommissioning costs. The disposal will not impact our 2025 free cash flow guidance. Richard Miller, CFO and Interim CEO

Gas is a by product oil extraction, and instead of flaring it is being sold, so the associated production cost should be low enough to generate a profit from the sale price

Supercoop that clears that up then, I didn’t watch it the presentation so hopefully the recruit a industry respected CEO with a strong background. Another bonus would be refinancing the bonds with a lower coupon rate. The 10.25% 2026s is a poor deal

Using realistic current oil prices for the free FCF has stopped us trying to guess the figures below $80 per barrel as previously set out…maybe Mr Miller will take the role as permanent CEO, internal knowledgeable candidates can be preferred, hopefully a partner can be found for Kenya, and the monies received for the majority sale will be used to fund Tullows remaining share of the development…

TLW vs HBR,

Harbour has 10 x the production of Tullow and a lot of debt.. even with this big numbers production they cannot make a profit… yet Tullow can..

It’s not ideal to sell producing fields when we need growth, but on the other hand all the risk of a producing asset that’s just paying the interest on debt @15% is hardly beneficial… at the same time taking the risk of oil prices and field issues… high interest on debt is a big problem… let’s see what tomorrow brings, maybe seen something positive to persue on Ghana 4D survey for growth..

I’m thinking those crap 2025 barrel per day projections in the last trading update were maybe taking into account the planned sale of Gabon and the lost of Gabon production… good to clear the Glencore lending facility @15% interest..

Where’s the production upto now? Gone awfully quiet regards updates since £500k raise…

Supercooper.

Add to that

6. Detailed update in Kenya

7. Confirmation of receipt of money owed for gas

8. Details of non core assets to be offloaded

9. Details of other Ghana tax disputes

JMAX Kos has its own Ghana tax dispute ongoing but is refusing to make public the disputed amount..

Supercooper I think it was likely KOS major share holders that put a stop to the merger… KOS share price has also took a beating since then so not really missed out as was a potential share offer.

Xxnjr, ok so it’s tanker movement tracking… that gives no info on the amount of oil collected so your calculations are fictitious

Xxnjr where have you found yesterdays lifting volume data… I cannot find any 2025 data…

JMAX it’s better than 87K or a decline

Jeffries seems to be one of few ratings agency that can have a impact on a share price, absolutely trashing it on the day… I’m convinced they have a association to short companies one way or another and the market takes note of the price rating… seen it on many companies rated by Jeffries… other rating companies have no impact on share price. Total manipulation

Learn a lot more from that doc than what Tullow tell you, a little info in there regards top side issues towards second half 2024, 2025 jubilee to average 93k barrels per day

Https://energycom.gov.gh/newsite/index.php/planning/sub-codes?download=723:energy-outlook-for-ghana-2025#:~:text=Crude%20oil%20production%20is%20projected,to%20135%2C336%20barrels%20per%20day.

Ghana 2025 projections in the doc…