Member Info for gogadget

Oil price just broke $95 this morning

Racksonracks I’m going of what’s stated in this article “into the first quarter of next year”

https://www.businessdailyafrica.com/bd/corporate/companies/epra-hires-consultants-to-review-tullow-s-oil-plan--4367830?view=htmlamp

Obviously the EPRA are incompetent in their position, they have sat on this for 6 months and now kicking the can down the road potentially another 6 1/2 months seeking advisors help until the end of Q1 2024, then the FDP Has to be approved by parliament. Really disappointed with this as I was expecting September to be the big one.. after all this it may still not be approved… it’s likely crap like this incompetence why the other partners walked. P1ssed off…

Another delay by EPRA

https://www.businessdailyafrica.com/bd/corporate/companies/epra-hires-consultants-to-review-tullow-s-oil-plan--4367830?view=htmlamp

Ah yes Persian trader thanks, H2 average 65K so likely a little higher towards the end of H2 to make the average. So 65k barrels at $90+, say no more… always a history of drops on results day, the futures looking brighter than it has for a long time.

Persian trader where did you get the info of 65k (current production) I’ve listened to most of the presentation but may have missed this info..

To me todays drop was based on yesterdays data and not reflecting todays and tomorrows future progress.

I was hoping TLW would have been mid 40’s prior to todays results whatever they deliver, oils currently at 92.3 dollars this morning.

What a good day!! Just crossed back into profit at 38.60p after staring at a loss for months!!!

Https://amp.france24.com/en/africa/20230831-gabon-coup-chief-to-be-sworn-in-as-transitional-president-says-junta

Sounds reassuring for Tullows assets

Tman, greed can be a complex theory and money is powerful possession in this world and we all want or need more for a better life.. back in 2020 I was up 95k but kept increasing my limit price wanting more, tlw never reached my final 100k profit target and pulled back, early in 2023 I was minus 70k and I felt sick, I’m currently about £5k off break even, I took a gamble and bought another £15k yesterday at 32.36, so far it’s paying off. A lesson for me is stick to your sell target and don’t be greedy as we say..

A official RNS update from Tullow of how this situation is currently affecting the company is what’s needed…

Stability and transition is going to be needed going forwards with the Gabon situation, there’s a lot of mixed media reports of good and bad, it appears so far the Gabon residents have welcomed the coup due to alleged corruption from the bongo family siphoning of tax revenue into their own pockets, currently under investigation for purchasing 84 million euros worth of properties in France. For the coup to bring success for the country they need stability and support. Tullow have 13k daily barrels of oil production in Gabon so can justify yesterdays panic but hopefully short lived

Directors have a better vision of the companies direction than these so called “analysts” who make things up to try to manipulate the share price for the benefit of themselves and associates. Directors would not be buying if better times were not coming in the near future. Although they have purchased modest amounts, it’s still their own cash at the end of the day, Let’s see what September brings. My sell price before year end is set at 68p

This articles has already been discussed earlier in the week, The issue of equity resulting in dilution ain’t going to happen and it’s just another negative article created by idiots in a attempt to worry investors. H2 is going to be a strong period, increase in production, oil prices averaging above $80, a drop of in hedges and also potentially the catalysts we are waiting for.. It would be far more beneficial and likely that any additional free cash flow generated in H2/2023 and H1/2024 will be used to buy bonds at a discounted rate just like earlier this year.. we are not in a distressed market and scrambling to raise cash. A lot of repeated talk of economic slowdowns and recessions have been circling for a while now but OPEC and demand is still propping up the oil price. The direction of Tullows share price over many weeks now has been in a continuous upwards direction which differs to many other oilers which have been sliding sidewards for a long time.. Tullows share price should not have been dragged down to where it has been and better times are coming for the long term holders that got punished since the end of 2022. I’d rather be in Tullow right now over say Harbour energy that is getting robbed by HM government until the for seeable future. September results should be interesting and offer further insight.

Better day tomorrow, American oilers have pretty much clawed back todays dip along with oil nearly recovering.

I don’t pay much attention to some of these analysts articles, a lot of them are full of crap and don’t have a clue about what they are talking about and just write something to fill a column. Just like editors of crap newspapers

Https://www.eia.gov/outlooks/steo/report/global_oil.php

TLW needs Brent to keep pushing the share price north as much as possible to make the most of the end of quarter catalyst news we’re expecting to achieve the market cap Tullow deserves. I expect a lot shorts are getting burnt right now and will soon have to admit defeat and close out. They gave the longs a crap time and now it’s their turn.

Such a strong recovery in oil price that’s taking place right now.

Been continuously heading north for 6 weeks!!

From $72.5 up to $87.45 today!!

Be a good H2 for oilers if this continues and holds.

Well these comparisons don’t add up unless KOS is sat on huge reserves?? scratching my head here…

KOS market cap $3.3billion

Daily production 58k

Debt $2.4 billion

TLW market cap $500 million

Daily production 58-64k

Debt $1.9billion

I don’t believe interest rates are going to come down significantly anytime soon, central banks and world leaders have made an absolute balls up of inflation which all started due to pointless covid lockdowns, covid hand outs and cheap money.. but they are passing the blame over to the Ukraine crisis, a lot of charts say different, they are liars and brain wash the public, anyone remember the days of bags of multifinish plaster selling for £20 quid a bag, toilet paper and pasta sold out, or the cost of peddle bikes and dogs doubling during lockdowns… they now need to change the publics spending behaviour by inflicting financial pain on them so they start counting their pennies and buying cheap or reduced price items as they are skint. Through out this elevated inflation period the leaders have been replenishing their coffers through higher tax revenue followed by interest rates. If an item has gone up in price, HMRC earn more through VAT @20% on that elevated price.. makes you wonder if inflation was left untamed for this long on purpose to pay for covid debt..

on a positive and negative note, TLW bond prices have been rising since that discounted buy back, the market has increasing faith in the companies financials but unfortunately it will now cost more to buy back the debt in the future. I expect the bond price and share price to both keep rising in unison.