Member Info for gogadget

ZE, absolutely, he scarpered after suspension… says it all,

Google “David lenigas fraud” guys been up to tricks for years…. Compulsory strike off on its way for PPP.

When TLW reached 65p back in 2021 I was sat on a 95k profit but was holding out for 100k target, a greedy decision, I’m p!ssed off with myself now I have been looking at a whopping paper loss for some time, holding out for a reversal.

Uk stock market stagnant with little growth compared to 5 years ago.. s and p 500 soaring away to new highs, would TLW fare better being listed on the NASDAQ. More tax raids in the UK the keep paying for the mess the incompetent past and present politicians have put the UK into… more and more UK workers will never see the day they can draw a pension as the years go on…

The delayed Kenya and Tax deadlines is painful to sit and wait the months away.

People sat on paper losses frustrated and cannot reinvest elsewhere, if the major shareholders start reducing then I will start to panic, November trading update will not provide and uplift due to recent depressed oil prices. Many SP influencers in the pipeline but always seem out of grasp. Oil negative price influenced by the return of trump and his promise of low oil prices, but he can’t provide everything he promises…

Only one part of the tax disputes expected to be settled in 2024. Other two of unknown timeframe.

Ghana tax assessments

A further arbitration hearing was conducted in June 2024 in respect of the assessment for Branch Profits Remittance Tax (BPRT). This claim relates to the Ghana Revenue Authority (GRA) seeking to apply BPRT under a law which the Group considers is not applicable to Tullow Ghana Limited, since it falls outside the tax regime provided for in the Petroleum Agreements and relevant double tax treaties. Tullow referred this case to international arbitration in October 2021 and a decision from the panel is expected in the second half of the year. Tullow has two further ongoing disputed tax assessments that relate to the disallowance of loan interest deductions for the fiscal years 2010 - 2020 and proceeds received by Tullow Oil plc under Tullow's corporate Business Interruption Insurance policy. Both were referred to international arbitration in 2023, with first hearings scheduled for 2025, however Tullow continues to engage with the Government of Ghana, including the GRA, with the aim of resolving the assessments on a mutually acceptable basis.

Https://www.standardmedia.co.ke/amp/article/2001502939/tullow-still-pursuing-strategic-partner-says-oil-plan-on-course?utm_cmp_rs=amp-next-page

Oil price likely to be weak until after US elections, US and Israel avoiding action that could spike oil price which in turn may influence Harris’s chances. Oil shorts playing on this period of uncertainty. Trump wants cheap oil by more drilling and withdrawal of green initiatives, not sure you can achieve both as demand will rise and producers would try to avoid price destruction by over supply. Nothing happening with Tullow till after November 5th

US election uncertainty suppressing oil prices. Need to ride it out till November.

Bought into SENX today and made a hefty return after someone tipped it on here…

Financial and technical capability…indicating a JV oil major is ready to sign the dotted line on FDP approval..

Trumps promising lower oil prices by increasing drilling permits to drill the hell out of the US. This will not work for producers and they will be reluctant, as it will lower profit margins on the produced oil and over supply the market, potentially provoking Saudis to open the taps to crash the market and bancrupt US producers again… governments are corrupts, in the UK fuel at the pump is so expensive due to the tax added, not the cost of the fuel itself…

I think it’s time for Rahul and others to go, several milestones and promises not met. As share holders we are interested in “increased share holder value” a lot have been staring at significant paper losses for a considerable amount of time, never ending dangling of carrots never to be reached.

Https://www.zerohedge.com/commodities/oil-slides-despite-huge-draw-sending-total-us-crude-inventories-2024-low

Jmax what’s your reasons for it flying in 6 months.. no one can predict what’s going on in this world in 6 months time

It will be interesting to see how the share price reacts following the acquisition of the wintershall dea assetts and the issue of additional shares as part of the transaction.

What’s the reasoning for 6 months?

Yes, Preachers with warped beliefs that want to take the world back to the stone again and incite suffering and death on non followers…

My view is religion should not exist…. Causes too much trouble and suppresses intergration of different cultures/nationalities..

We will never see world peace due to different religious beliefs…..

Oil prices expected to surge on open following the escalation in the Middle East

Be interesting to see how rest of the year plays out. Many potential positives and negatives at force and very difficult to judge right now.

Keeping my eye on how US interest rate cuts affects TLW. SP went south once they started being hiked…

Then of course there’s Kenya, Ghana Tax, oil prices, Middle East’s and Russian wars….

The large institutional share holders have kept their holdings so they must have confidence of a turnaround at some point

Interesting to see how Kenya progresses under the influence of Kenyas new energy minister Opiyo Wandayi after his recent comments of promising to revive Tullows Turkana oil project… politicians are known to dabble in shares having view of future policies that can influent certain sectors. It’s the reason MP are so wealthy….