Member Info for gogadget

Looks like NSVPatel may have appeared on advfn chat as reubenblackgold.. negativity appears the same person and account set up on 18th July.. oh dear, some people ay

I believe Kenya’s value and interest is all about getting the relevant approvals passed at the moment. imagine a plot of land in the countryside with no planning permission, there won’t be much interest, you get planning permission passed for that plot to build and everyone want to buy it… it’s all about risk at the moment.

With all these encouraging articles its looking highly likely the FDP will be approved, Kenya needs revenue and investment. I’m hoping the share price will be a lot higher than where we are today before the news of securing a partner lands, to push TLW back up to or above 2021 highs. The share price is too low right now.. I’ve been kicking myself for not selling in 2021 and watching the crap unfold on world economies due too incompetent country leaders..

Https://nationaloil.co.ke/2023/05/03/kiraitu-takes-over-as-national-oil-corporation-chairman-promises-turnaround/

Elyisium, go back into you burrow you evil troll, why are you here honestly,,, your full of negative crap… weirdo.. get a life and get off here

I’m convinced I read 60 days with EPRA then 30 days parliament, but that guy on tweet states different, either way EPRA been sat on it since start of March, approx 120 days….

Does anyone have a info on what date EPRA approved the project?

I read somewhere that parliament are tasked with approval decisions within 30 days of receiving…

This is going to continue climbing with further JSE wells on line in the near future, Kenya FID looking likely to be agreed before September and partners circling. Share price should never have got this low, the shorts that took the gamble in the mid 20s are going to have to cut their loses and close out.

Looks like the trolls have stayed in their burrows today…

I’m thinking to get production upto to the top end of annual average guidance at 64k from 53k in the first 6 months, 5 full months left in the year you would need a increase of around 26.4 k barrels per day extra to hit a average of 64k per day by year end

Oil prices marching north this week as dollar weakens and opec cuts bite, Brent currently at $79.47. Tlw will benefit from the reduction in hedges at $77 and production increases. If all continues July/august will be good months for Tullow.

The upwards trend continues, should increase significantly once back into the 30’s as sentiment improves after what is expected to be a positive trading update tomorrow regards confirmation of increased production etc..

Todays pull back a result of markets panicking over likely future central banks interest rate increases and also increased gilt prices which have reached the highest rate since the last financial crises.. companies with high debt levels tend to react most on days like today.

From memory, last time I read into it, firstly the FDP has to be approved, then a production license has to be approved once Kenya is happy with the structure and finances etc of the companies/partners involved in the project..

I have today set up a filter list, sick of reading their negative attacks, just concluded they keep changing their names in order to reappear on people boards who had previously filtered them.. such childish behaviour…

Some trolls on here need taking to the vets and putting down.. should have been drowned at birth

H2 officially here..

The most positive time to hold over the previous 12 months of market negativity and downwards trend..

Tullow positives, Increased production, possible Ghana gas deal, possible Kenya deal, hedges dropping off, debt reduction, director share purchases, largest shareholder holder increasing his stake.. Share price has been on a gradual upwards trend since middle of may.. let’s see what good news we hear on 12th July trading update. All private investors deserve to make a decent profit to compensate the risks and stress of investing in the stock market.. is H2 going to be our turn??

Usual detractors that still remain are looming recessions, rising interest rates, politics and war… but again they been circling over the past 12 months

Approval of Kenya is all about how much of the pie Kenya government get, which is the likely frustration to why the other partners walked away… if they don’t approve it however they will discourage future investment into the country due to being to high risk of failure or political manipulation. Even if Tullow gifted 50% to the Kenyan government in order to get approval, then they still better off than if the project was to be terminated.

Mortgage rates are going to cause pain for those coming off fixed rate deals or those wanting to upsize or borrow to the limit..

If some one took out a 300k mortgage @ circa 1.5% a couple of years ago, they would be paying circa 4.5k a year interest, some of those people will not be able to remortgage onto another fixed rate due to failing the affordability test and will revert to standard variable rate circa 7.5% and will now pay circa 22.5k a year interest on a balance of 300k..

those wanting to upsize could have got a 300k mortgage @ 1.5% fixed rate a couple of year ago and payed 4.5k a year interest, now it circa 6.2% so around £18600 per year interest… (I’m in this situation) a lot are saying this is nothing compared to the 1980s etc.. what they a missing is house prices are so much more expensive in relation to earnings compared to the 1980s so it just as bad..

by the time one joint owner in a household who’s borrowed to the limit has paid tax etc on their earnings, the bank will swipe what’s left for interest. Then your left to live of what’s left of the other partners earnings again after HMRC has swiped their 1/3 of earnings.. on top of that everything else is costing more than before.. prices of food and products will not come back down as you need deflation to achieve that… government aiming for 2% per year, so what you pay now is hear to stay plus another 2% on top.. utility bills will not return to what they were, there’s been big inflation matching pay rises in the utility industry which now needs to be covered by consumers bills..

House prices need to be lower going forwards, some of these fictitious made up inflated house prices listed on rightmove take the p1ss.. estate agents have got greedy and need to get realistic. Unaffordable……