Member Info for JMAX

I hope so noggers

The government has allowed temporary flaring before

i will be monitoring the news and topping up along the way.

From the RNS

The audits show INCREASED oil reserves for Jubilee, Ntomme (one of the TEN fields) and the non-operated fields which are largely offset by a c.30% decrease in Enyenra reserves

A T/O at 220plus would probably go through ?

Thanks Oil_Run

Oil_Run
How did you get to 400p per share ?

And this is why we are worth more than 150p - because the new buyer will expect more efficiency from TLWs producing sites.

The headline is misleading - nothing certain about this acquisition

This link covers what we know - but from a different perspective
https://www.ghanaweb.com/GhanaHomePage/features/Alex-Mould-writes-on-Tullow-oil-crisis-All-is-not-gloomy-for-Ghana-812701

I think 150 is far too cheap.

It's early days but maybe it would be better for Total to operate Jubilee and for TLW to be a silent partner.

Is Jubilee TLWs best asset - it is described as world class ?

And could J&J be more commercially viable to bigger oil companies like Total?

That makes perfect sense - Total being in control of their (own) operations. And the can make TEN and Jub more efficient.

Buy in tranches

Allowing for the RI - £10 now would be near enough £16 before the RI

Even though we have 700m sunk costs in Uganda - if this gets resolved it will be as good as new money to tlw

I will be with both of you - it will be nearer 6months

After J&J, the market will want proper proof of Capara oil before responding positively.