Member Info for JMAX

The maintenance is factored in to production guidance and in 2020 TLW produced nearly 75K boepd.

DT is just a puppet, he is told what to do.

There are multiple reasons why TLW are in this situation, lowly production and poor comms are at the top of the list. Historically the OP comes down in the run up to a US election so the drop was no surprise. However, TLW just don't produce enough oil. In such dire times production figures should be released monthly.

TLW should be releasing more info on this Kenya deal - but as usual - poor comms.

If the new seismic data is promising then they need to get drilling.

Marce,

The market probably won't react until the first $40m lands with TLW - and we need clarity on when TLWs 30% kicks in.

Yes, and over 300M barrels of oil have been described as 'easily recoverable'.

Someone on here mentioned UOG a few months ago. A 7 Billion barrel of oil gift from TLW.

If it's an excellent deal for TLW, why is the SP at 13p ?

Marce,

TLW will have to wait until Gulf Energy have recouped all of their expenses before the 30% back in clause kicks in. This will be 2033 at the earliest..........

The devil is in the detail:

' In addition, Tullow will be entitled to royalty payments subject to certain conditions. Tullow also retains a back-in right for a 30% participation in potential future development phases at no cost.'

SC,

Like you say, the comments about inorganic growth and constantly including gas in the production figures shows that TLW are happy to blag and mislead shareholders. The market doesn't yet see any value in the proposed Kenya deal, but should the first $40m be paid then this will begin to change.

I doubt KOS would want TLWs Jubilee stake unless it was very cheap - as it's ageing and costly to maximise.

Loon,

Mid 20s is a reasonable target.

Loon,

This couldn't hold the high 30s with the OP at $96. At present there is little enthusiasm from within TLW, and little for the new CEO, to work with.

My posting record on here has always been realistic and cautious - so if anyone didn't realise that my 60p prediction was nothing but proving a point and mocking the rampers then they are stupid :)

Notice how none of the 'ramping experts' attacked my 60p prediction. This is because even though it was totally absurd it suited their desperate agenda.

Over £8, but past performance is no.........

'Negative' is a word that has been adopted by idiots who can't handle the truth.

Those who were 'negative' on TLW have been shown to be correct. Furthermore, anyone who has followed this stock and did not see the share price collapse coming must be brain dead.

Loon,

I sold most of my holding in tranches in the high 30s - it is in my posting history. At this time there is no reason to predict SP growth as the lowly production and the persistence to include gas in this figure shows how desperate TLW is. As the gas is sold - in oil terms - for less than $20 per barrel.

As for Kenya, it looks like a a desperate deal that at this time lacks clarity.

With regards to being attacked. Anton has partially doxed me on here and made veiled threats - all because I was realist about the SP.

SC,

Very true however, the cure for low oil prices is low oil prices.

Anton is a proven liar - it is a fact not an accusation.