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June 30th is the extended Kenya deadline. Announcement could be any day from Monday, It could also be delayed again and extended beyond June? It seems something is looming behind the scenes for the current share price run and major shorts closing, or it could just be related to increased oil price, increased production and drastically improved hedges on the horizon from the 1st July. Let’s see what next week brings which I’m optimistic will be another good week.

Brent just crossed back above $92. Tullow up 39% over the past month. It’s a hell of a run with a long way to go yet.

Is the current share price run going to match February-March 2021 when it went from 20s all the way to 60s?

A positive sign for the longs when the shorts are reducing when the share price is on the move north..

Another blue day tomorrow, oil back in positive territory

Https://fortune.com/2024/04/07/oil-supply-shocks-100-per-barrel-summer-driving-season/

Https://www.ii.co.uk/analysis-commentary/insider-more-buying-vodafone-and-bet-tullow-oil-can-double-ii531231

Offer me 70p a share today or £2 a share in 12 months, I would bite your hand of at 70p today

Bare in mind TLW is still making an additional circa $12.5m per above projections at todays oil prices. If we reach $100 oil then additional circa $24m per month. 1 July @ $100 then big money coming in at a additional circa $37m per month. Just need to wait it out and hope oil stays high along with some good news on Kenya. Knowing our luck NATO will have us all dragged onto the front lines by then

Brent just crossed $91

Brent just breached $89

Https://talkmarkets.com/content/commodities/crude-oil-forecast-bullish-trends-in-focus?post=439235

Some analysts predicting $100 oil again by mid year. Hedging improves significantly on 1st July. An extra circa $37m per month @ $100.

Amongst London's small-caps, Tullow Oil jumped 11%.

Bank of America 'double-upgraded' Tullow Oil to 'buy' from 'underperform'.

The investment bank said it expects shares in Tullow Oil to benefit from improved cash flow as past infrastructure investments pay off.

Https://www.datacenterdynamics.com/en/news/ghanaian-authorities-withdraw-672m-tax-bill-against-mtn/

Not just Tullow slapped with tax bill.

I dread to think…..

The uncertainty of predicting profits when countries spontaneously impose unfair or back dated taxes.. just like UK HMRC have done with the WFT and trashed harbours share price..

I’m still waiting for this “create value for share holders” the opposite has been taking place ever since. I’m thinking the phrase refers to new investors buying at the bottom, and forget the LTH…

Simba 10k barrels per day from the perenco operated field, amount of production to be affected by the fire is undisclosed, could be contractors or perenco facing legal issues for the unfortunate deaths of the people involved.. this apparently happened yesterday and now RNS from Tullow. Disgraceful.

Not sure what percentage we still hold in simba fields, but don’t worry, you won’t be updated by Tullow, you will be updated by newspaper articles as usual…..