Member Info for January2

Hi E121,
You asked the question "Out of interest, who's going to the AGM on the 19th ?"
Just to confirm - I will attend this year. Will be my first AGM.

Hi Pelle,
Thank you , everything is good - the wife is doing as I tell her (for now).
Yes , I still have discord, but could not understand to much as the guys tend to type 90% in Swedish. I will go on discord and post my e-mail address.
All the best
JAN

Well Gee, thanks Therapist.
Yes It does sound like me, but alas it can't be !
Why - because I went through the article and there were NO spelling mistakes. Jan2 would have spelling mistakes all over the show !
Secondly Jan1 said "disciplined in our investment decisions regardless of the oil price.”
Jan2 just put ALL his money into Enquest, with no discipline at all !

Look at the clues !
In the news in the last few days. That the UK passport office is " backed-up" with massive numbers of new passport requests. 5 million applications in March alone. Boris has threated to privatise the passport office if they don't speed up and get rid of the backlog.
Now why are so many people getting new passports ?
Well it's not so they can catch the NO.67 bus from Peckham.
Yes massive number of holidays abroad this year. Many can't book until they get their new passport (number). Massive last minute bookings expected. Jet fuel demand going to go through the roof.

News Just In !
- chilting's "stick" is renewable .

From the technical charts - All Oil traders use them.
Brent was in a "compressing triangle" containing 3 highs (began with the big rise to $130+) which were lower each time, however the base line was the same around $99 for Brent. There are many daily technical charts for oil on youtube. The quickest is Chris Lewis on FX empire (only 2 minutes watch) . However there are more detailed (and better) chartists.
All say for Brent - either a break above $109 and we get out of the triangle and go up to $120 next stop. OR a break below $98 and we go down to $90 - $80.
Thankfully it looks like we are heading for the $120 , based on current brent prices !
With the May update due from ENQ in a couple of weeks we could soon attack the previous high and on to 40p ! - fingers crossed.
Spindok - I read your post. I guess you are one of those who was born "straight up perfect" and do not swing to the left or the right ! Trying to be helpful and attempting to explain this. I can only assume that the rest of us have a bit more weight (meat) to our sticks which is why it goes to the left or right. Just too damn heavy . I guess you "centre liners" have very light sticks with not much meat to them ! Easy to hold straight .

Zamora,
It's in the report. You are talking about spending circa 1.2 million.
Well roughly half 647k was spent on Admin, wink wink. Wages, paperclips, food banks , flights etc.
The other half 600k was spent on holes and looking at data, then writing a story book.
My guess is that they want to do this all again for another year. However they may need to raise some more cash. Especially as with inflation, this is likely to cost a lot more in the next 12 months. Paperclips have gone up 20%. Lunches could go up by the same amount, especially if they go to 3 courses and have a sweet this year !
ATB.

Board Police- Can we ban the word - Renewables - on this board, please.
This is an oil board. We should keep it to oil and Enquest.

Its not right, for it's like going on to the "mums net" website and talking about if a man's ***** bends to the left of the right ! They are just not interested.

Continue to push the price down until now.
Now that long list of sells was NOT private investors selling.
Someone playing with the SP a little. Maybe big buy incoming. Or .......

Well as was said in the opening - " really nothing new to report, since the last updates" -
Maybe they should have added, that they had been relaxing and enjoying some well earned R&R. Plus been busy with some long lunches and evening meals. Or Family Time of year so not done much work !
These I just my thoughts on reading the rns.
ATB

Not much gold here bonker, just lots of old rocks - yet to be processed !

I know why they are not profitable !
Look we know the level of gold has gone down to about 1g per ton of old rocks. Then just maybe the reason that costs have gone up is that the person looking for this small 1g is just not looking properly ! ! ! they are just missing this tiny 1g of gold as it flashes by on the conveyor belt . lol . That's why we are left with high costs because most of the gold has been chucked out with the rubbish ! - the cleaners are rich ! I should by shares in a cleaning business.

Hi Dumbly,
I think Rishi Sunak was directing his comments to the likes of BP. What we do is not going to effect his decision. Basically the actions of the big players will decide what happens with regard to windfall taxes.
On a humerous point - Now I could upset L7 with this, but hey ho, here goes. Please check out my post on the ENOG board. I have trolled romaron, Please feel free to "recommend post" over there. TX

As Colonel George Armstrong Custer would say -

" romaron, you are on your own there chap ."

"Yet another big drop" -
The market has just been told that HUM have been losing money !
Their cost per oz is higher than what they get for selling it. That is why the SP is falling, and I see nothing to stop this !
Why ? - because based on the last RNS, every day the company is worth a little less due to lost cash !
When the company release news that show the company has stopped losing money on every oz that they sell , then the SP should stop falling.
QTR2 results need to be good ! Just over a year away from production begining at the new mine. The bod need to show that they can successfully manage problems at one mine before they take on a second ! The jury is out for me. I am less positive hear than I was and therefore sold out my small holding. Will watch from the sidelines, as the next few months will be key for HUM .

Swampy,
HUM are top place in the "fallers List" for today. Bigest faller on ftse. Lots of exposure for HUM for would be traders.
When that happens you get P.I's buying trying to scalp a bit of profit on a bounce, in a day or so. These guys Don 't have the knowledge that you LTH's have. Sometimes they win , sometimes they don't. This accounts for some of the buys today.
Other buyers are likely to be investors looking to the future who feel today's share price is good value to either buy-in or top up.
The sellers have either had enough and are out ! Or are selling with a view to buy back later as they are expecting further falls over the coming weeks . This enables them to lower their average or gain more shares. They get the opposite if they get it wrong though !
Bonker, did you hold or are you out for a lower re-entry later ?

Yep, expecting production sub 20 but not as low as 15.
2021 results RNS due out end of May. Can't see this being good reading either, so I guess that the SP will drift lower over the coming weeks and maybe bottom around end May/June time. Could go down to previous low circa 10p for a double bottom, and then rise from there. All IMHO of course.

Thank you for your figures.
My original point was that 75% of production had to be hedged which you confirmed - My initial point also was that there is restricted revenue possibilities by these hedges. Sold calls being $76 while POO is well over $100.

Now Your point was that there is considerable (45% exposure to the upside). That may be the case, however your revenue is still limited by the collars which you have in place. Which added to the high interest payable on the bond (10.5%) was the two reasons I gave in my original post as to why the SP seems stuck at the 60p level. If this is crap then tell me why that you think the SP is bogged down when piers like HBR, ENQ have risen considerably more this year ?

Show me the 45% that you stated -
show me the maths clown - stop trying to deflect from your silly number - 45% show me the maths - you can't can you ? it's bull !

Just to prove I was right !
I said 75%.
If you take the bottom of guidance given by TLW which is 55k you get
42.5 divide into 55k = 77% hedged (without the 5k )

FFS deeko,
Maybe you should read the RNS'S and learn to count - However let me do it for you - and the maths !
RNS 26th JAN 2022
TLW Production Guidance for 2022 = 55 - 61 k (plus another 5k when deal done)
Hedged for 2022 = 42.5k ( figures in rns)
So taking top guidance figure of 66k which includes the new 5k gives you a figure of 64.4% hedged for 2022
or taking the bottom figure of 60k which also includes the new 5k gives you a figure of 70.8% hedged - ouch !

NOW wooden head show me the maths on your silly 45% NOT hedged comment, come on show us on here your maths ! ! !
45% Not hedged . lol
I know, Maybe the share price here is anchored because the Algo's don't like you ! or perhaps it's because Tullow starts with the letter T.
Posters who critisize others Maths and research and then obviously lie about their numbers deserve to lose money in my book ! Finally I will not waste any more of my time responding further to you !