Member Info for gogadget

The current MCAP plus very little debt will be a low valuation for the company once production is back online at circa 55k Boepd. Take a look at ITH for a comparison with a production of circa 125k boepd, and a valuation of circa 5.5 x Sqz current valuation.

On a positive note, 55k plus Boepd once the operator sorted the problems

OPEC plus agree to increase production by 137k bpd from October. A figure a lot smaller to the September increase of 547k bpd. Hopefully not too much impact on oil prices on Monday open and a sign OPEC not looking to flood the market and tank oil prices.

US house builders having a little rally today, hopefully influences UK house builders in the morning.

Since walking away from TLW and putting my money into SQZ and HBR I am circa 50k up on todays Tullow price. Still very long way to go to recover my Tullow losses. I think Tullows production numbers vs debt makes it very risky at the moment, hope I am wrong and investors can claw back their losses. I took the decision of sell at a huge loss or or potentially loose everything

RD should amend linkedin to, “I took a gamble and drilled some wells into a nearly empty basin and led the company on a path to insolvency, I also exceeded at leading investors to loose a lot of money” majority of oilers have had a good run recently and recovered from trumps tariffs. Not Tullow though.

Https://www.property118.com/government-to-buy-empty-homes-to-house-asylum-seekers/#:~:text=Under%20the%20proposed%20plan%2C%20councils,accommodate%20dozens%20of%20asylum%20seekers.

Sell up, buy harbour energy it’s results day tomorrow which are expected to be good, dividend ex date is 17th august

Take whatever money you have left and run

RNS looking positive to me. Triton production being ramped up, more wells coming online. Cash flow positive despite shut down, blue day today.

Has anyone been receiving the dividend yet

Shareholders got shafted by Rahul, now patience and time is running out for miller to turn things around, if anyone is top end heavy in Tullow consider protecting yourself by swapping to a better and safer stock. Jubilee production numbers are seriously going hinder refinancing.

Looks like we will have to wait till the 5th august for a update on current production…

Milligan’s won’t back down… too much is being invested, there’s loads of solar fields popping up and large scale battery storage sites being constructed and connected to the grid, the hypocritical part is gas turbine electricity generation sites are also popping up by companies like Clarke energy to deal with the increasing demand… then there’s the future of DSR (demand side response) enabled electric heaters, heat pumps and air con units. So as the years go on and the grid becomes under strain, the network operators can switch of your electric heating and cooling appliances to balance the grid to avoid firing up fossil fuel generation sites. Electric vehicles are to become by-directional charge, so in times of need they have the option of drawing charge back from the EV to balance demand on the grid… consumers are to be compensated when affected…

I have shifted all my money from Tullow at a huge loss into harbour energy on the hope of recovering the majority of my losses through dividends and share price growth. I rode Tullow far to long getting trapped in a long term paper loss. The way the company has deteriorated since last year is too concerning for me to risk anymore. RD and RM were both sat through the past presentations with empty promises. Everything now relies on refinancing with so many frisks at play. No CEO, still no Gabon monies, low oil price, trump trashing worldwide markets, fire sale of Kenya, declining jubilee production. I walked…

I think Uog is just pump and dump stock, they have been bigging up this farm out for years, never to materialise and some articles suggest the reservoirs could just be sludge.

Richard millers promises here are starting to evaporate… still no CEO, no refinancing, no increase in production, no payments from asset sales.

Ah update on the current performance post triton restart would be nice

Suspect yesterdays fall is the market presumption of a triton delay as the presentation indicates last week of June start date… hopefully no delay and a update soon with positive provisional production numbers.

Another thing to note from the Ghana production data is the gas reinjection has been ramped back up to February levels, along with increased water injection from recent upgrades, yet the oil production is 13kbopd LESS than February. increased water injection increases production costs. Decline rates are accelerating. More costly wells to access trapped/newly identified oil pockets.

Https://www.serica-energy.com/downloads/presentations/Serica%20-%202025%20AGM%20presentation%20FINAL.pdf

Looking at the presentation it appears triton is to start coming online week commencing 23rd June… should be a nice SP uplift along with ex div approaching…