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Hopefully on Tuesday we will get some direction of where this is going with some production numbers for Jan/Feb… Investor relations not replying to any of my questions which is frustrating…. What’s going on with the recruitment of a new CEO…

JMAX pulling stunts like you are suggesting will discredit the reputation and trust of the government and black list Kenya in the view of investors for many years….

Https://petroleum.go.ke/government-offer-incentives-boost-oil-gas-exploration-ps-liban

I think it’s an announcement on new CEO

It’s all part of Kenya’s 2030 vision.. infrastructure improvements such as electricity transmission lines and road networks to Lokichar approved and funded. Lokichar oil fields has to be approved as part of the regional development plan for growth

With the peace deal between Ukraine and Russia taking shape and the potential to improve geopolitical issues, it’s one less thing that could jeopardise the buy out…

EPRA been given a ultimatum?

Http://www.parliament.go.ke/sites/default/files/2025-03/ORDER%20PAPER%20FOR%20WEDNESDAY%2C%2012TH%20MARCH%202025%20-%20AFTERNOON%20SITTING.pdf

Note (27) page 260.

27) THAT, the Cabinet Secretary responsible for Energy and Petroleum, in conjunction with Energy and Petroleum Regulatory Authority (EPRA) fast tracks the onboarding of a strategic investor and the review and approval of the Field Development Plan for South Lokichar oil fields and submits the same to Parliament for consideration by 30th June 2025.

Ukraine/Russia peace agreement one step closer, oil price kept positive on the news.. potential easing of geopolitical risks

Https://peopledaily.digital/business/eac-urged-to-set-up-fund-to-spur-petroleum-sector/amp

The 142 Kmlong Morpus – Lokichar section therefore constitutes the only missing link yet to be financed to enable seamless connectivity between Kenya and EAC neighbors, and local communities in Northern Kenya. (This RAP is prepared to meet the need for preparing for financing by AfDB and GoK). The beneficiaries of the project will include international traders, extractive industries in this northern part of Kenya (oil, mining, cement production), pastoralist communities, farmers and businesses road users (passengers and freight), tradable sectors in the economy, agriculture, public and private institutions, and ultimately consumers and producers both inside and outside the region.

From page 38. No other mention on oil so no need to read all. Resettlement plan..

https://kenha.co.ke/wp-content/uploads/2022/06/MORPUS-LOKICHAR-ROAD-RAP-REPORT.pdf

Yes I have checked perencos updates and no mention at all. Investor relations usually get back to you in 48 hours.. although I have put forward many detailed questions a while ago and got no reply.. likely considered price sensitive questions.

Tman this was one of my many questions I sent to investor relations… I got no reply

Https://peopledaily.digital/news/senator-vows-to-stop-oil-from-leaving-turkana/amp

Roads upgrade funding meets the requirements of the senator and locals as well as access issues for heavy equipment transportation for the development

Lokichar access roads upgrade funding approved

https://constructionreviewonline.com/news/193-kilometer-kenya-south-sudan-road-construction-funding-secured/

Https://www.petroleum.go.ke/kenya-restructures-petroleum-exploration-blocks-align-global-best-practices

Trump is wrecking the markets….. big money erased from market caps.. Tesla down 54% since wake in December…

Needs a update on improved production numbers to get this moving…. Just over 10 bopd per well at pine mills is low.. need to see what improvements the bigger pumps have achieved…

From what we are seeing Kenya IS a partner in the Lokichar project and both Tullow and Kenya are still seeking a strategic partner, hence the investor presentations being held by Kenya for the Lokichar project

Who knows what 2025 holds, US removing sanctions on Russian oil as part of peace deal, as someone mentioned on here it may be beneficial for oil price as Russias oil is capped at $60.. so no need to pump larger volumes as profit margins will increase.. just reading HBR update where they have announced a 2024 loss, now such a massive company and can’t produce a profit partly driven by uk WFT.. their 2025 outlook is also based on $80 for the year 2025, will oil $80? If not then they will be having problems with large debt and cannot draw a profit. Regards TLW share price ring so low right now, a return to 25p is big percentage gains, a price we would never have thought of 12 months ago… one thing for sure is trump is wrecking the financial markets and trying to enrich the US at the expense of other countries economy’s