Member Info for gogadget

Still 60% unhedged. Oil at $88 will still bring in between $8m & $9m per month above the $80 projection.

Brent just past $87

At 31 December 2023, Tullow's hedge portfolio provides downside protection for c.60% of forecast production entitlements in the first half of 2024 with c.$57/bbl weighted average floors; for the same period, c.40% of forecast production entitlements is capped at weighted average sold calls of c.$77/bbl. In the second half of 2024, Tullow's hedge portfolio provides downside protection for c.45% of forecast production entitlements with c.$60/bbl weighted average floors; for the same period, c.20% of forecast production entitlements is capped at weighted average sold calls of c.$113/bbl.

If oil stays at these prices or above into H2 and beyond then there will be a significant increase in free cash flow

H2 2024, is where the hedging losses reduce and Tullow benefit if higher oil prices remain at higher production rates with more jubilee wells on stream.

At 31 December 2023, Tullow's hedge portfolio provides downside protection for c.60% of forecast production entitlements in the first half of 2024 with c.$57/bbl weighted average floors; for the same period, c.40% of forecast production entitlements is capped at weighted average sold calls of c.$77/bbl. In the second half of 2024, Tullow's hedge portfolio provides downside protection for c.45% of forecast production entitlements with c.$60/bbl weighted average floors; for the same period, c.20% of forecast production entitlements is capped at weighted average sold calls of c.$113/bbl.

For the period from June to December 2024, Tullow's hedge portfolio also includes three-way collars (with call spreads) with weighted average sold calls of c.$85/bbl and weighted average bought calls of c.$94/bbl, providing full access to oil price upside beyond the bought call price on c.10% of forecast production entitlements in this period.

Based on calculations from RNS director dealings

Roald Goethe owns 1800000 shares with a average price of 34.89p

Total paid £628020.62

Todays value @ 26.62p = £479160

Total loss = £148860.62

What’s peoples thoughts on profits from the latest crypto bull influencing a bull run in UK stocks.

Crypto’s reaching new highs and Looking at the crypto charts from 2021 to a lot of companies like Tullow, where the share prices took off along side crypto markets from money flooding in from profits and sentiment.

After a good read through the 2023 figures and 2024 projections, It appears to me that 2024 could potentially be a very good year IF oil stays at or above above $80, the tax dispute goes in Tullows favour and Kenya comes good.

IF oil falls below $80, tax dispute goes in Ghanas favour for the full $350m, and Kenya FDP fails and Kenya value written off then we are in for a really crap 2024.

I myself am getting very frustrated with the share price performance, I’m questioning how long I can wait for the “increased value for shareholders” which is dependent on the above factors.

As others mentioned on here about Rahul chuckling about Kenya with the optimism that he’s confident of good news soon, or is it that Kenya is becoming a comedy show.

Https://m.uk.investing.com/news/stock-market-news/goldman-sachs-sees-brent-oil-edging-up-to-90-this-summer-outlines-key-price-risks-432SI-3370480

Kenya

On 1 March 2024 Tullow received a letter from the EPRA extending the review period of the updated Field Development Plan to 30 June 2024.

2024 is what the market needs to consider.

Increased production @ increased oil price

Oil price support

https://m.uk.investing.com/news/stock-market-news/opec-continues-cuts-and-russias-surprise-move-shifting-dynamics-in-global-oil-markets-3364777

Tullow needs to pull a rabbit out of the hat ASAP. We were promised increased shareholder value, I feel like I’m having my pants pulled down on a daily basis.

Will we be seeing Brent near $90 in the near term following OPEC and Russias latest production cuts decision as predicted?

Supercooper, shorting issue is not fantasy, listed in the top 100 shorted FTSE companies..

Https://amp.theguardian.com/business/nils-pratley-on-finance/2024/feb/29/uk-stock-market-isnt-working-undervaluation-wincanton-currys

The lack of communication from the business is frustrating. There’s very little to nothing between trading statements and half yearly results.

I would sack the head of corporate affairs/communications officer, whatever you want to call them..

Investors deserve regular updates to make regular decisions on where to invest their cash..

we own a share in the company..

Things I want to know on Wednesday

Progress of the tax dispute

Glencore lending facility terms and conditions

More accurate production guidance

Update on Kenya

Future plans on bond reductions

Future Plans to grow the business

Capital markets day scheduled

What the business plans to do about the terrible share price performance.

The current communications is just not good enough.

Wtf…

https://www.standardmedia.co.ke/health/business/article/2001490609/more-delays-in-kenya-oil-dream-as-state-holds-up-firms-exit-plan

How greedy are they and when do they close…. Aren’t a lot of share prices already low enough?

Hopefully the answer to all our speculations and assessments arrives before the end of Q1 as expected

I wouldn’t consider the $10M per annum Kenya capex allocation “burning into capex” or the cost of production per barrel increasing significantly now the production plans have increased from 70k barrels per day to 120k barrels per day but quite the opposite.