Member Info for JMAX

The 30th June 2025, was never given as a time line - the 30th June 2026 was. The resident 'expert' was wrong again.

YWSML :)

Marcel,

I asked a pertinent question and you got into melt down.

Marcel,

How many barrels oil will it take for the operators of the Kenya project to get back their $3.5B start up costs ?

Even when OPEC+ plus are looking to increase their supply ?

FRES usually pay a interim dividend. They will probably announce it in the update in a few weeks.

Here it is:

' Full year free cash flow guidance is now $400 million at $65/bbl, inclusive of both $380 million of disposal proceeds and c.$50 million of overdue gas payments in Ghana from 2024, resulting in expected year-end net debt of c.$1.1 billion.'

YWSML

Where is $65 OP, show in the guidance?

Loon,

It's see how it goes for now. The $300m for Gabon is probably the most important issue at the moment.

I'm not negative - I am realistic. My posting history shows that I recently bought sub 14p.

And my history will also show I bought sub 10p and started selling in the high 40s

No not shorting - just a realist.

Marcel,

'Back-in' Why is this term bring used, if TLW are involved from first oil ?

And there should be an announcement regarding a interim dividend.

We just need a good update in a few weeks.

No one has ever gone broke by taking some profits.

Of course it was, TLW spent well over $1B, and now get $80m, short term and the next $40m in 8 years time.

As for the 30% back in rights, say no more.

At the moment this is nothing but a gamble. Kenya could have Been the game changer but it was given away.

TLW should have given it FOC to the Kenyan Government on the proviso that TLW could incrementally claim back some of their expenses from first oil. Even claiming back $500M, would have been better than this awful deal.

Marcel,

I like TLW because it is a predictable share - easy money for traders who accept the situation for what it is.

When FRES was sub £6.00, I predicted £15.00plus - this game is easy :)

We got there

Barn,

Will TLW get 30% of first oil from the Kenya project ?

Are you sure that wasn't a sell ?

The debt will be refinanced - at the expense of SP growth.

Is there anyone on here who still believes that TLW will be entitled to 30% of first oil from Kenya?