Member Info for JMAX

Rule 2
Never forget Rule 1

Mrd, have you averaged down or are you at 1.65?

Mrd and Shrewd, this will happen

It might be that the new production targets are overly cautious

Check the date :)

https://ugbusiness.com/2616/tullow-sells-oil-project-stake-to-total-for-900-million

900m has been mentioned

For the sake of £214 - I wouldn't put any more in

If TLW can get the right people in - then this can be turned around and back to 200plus

Debt is about 2.9billion

SP666 - I agree, I posted similar earlier

Check out TLW hedging

Nothing really has changed since this was over 220p

Thoughts please.
One of the main reasons for the drop is the lowering of production estimates. Therefore, if the oil not being produced - then we still have this oil/asset in the ground and this then should not equate to a lower T/O price?

Hold noggers

The dividend was only reinstated for one year and it was meagre - like many said, it should have been used to pay down the debt.

And at the moment TLW has a decent hedging strategy

Garydav - I don't think the RNS was that bad - unless the plan is for a cheap T/O

Hold

Pokerchips - I agree, we have gone from the 'optimistic' to cautious guidelines.