Member Info for Joekool1

Adree strongly. The SP could get to £1.20 by YE if trading continues to be positive this year. But high fuel prices are squeezing the spending money, so most companies will be hit this year at minimum.

I‘m hearing an rns coming from Namibia later this week. That’s the rumour, don’t hold me to it please

My take from the RNS is this.

Tullow delivered a strong operational year, driven by excellent well performance at Jubilee and consistently high FPSO uptime across both Ghana fields. New wells such as J72‑P and J74‑P exceeded expectations, and more wells are scheduled for 2026, supporting stable production. The company also completed 4D seismic surveys that will help optimise future drilling and reservoir management.

Financially, Tullow made clear progress. Net debt fell to around $1.35bn, liquidity remained solid, and the business achieved meaningful cost reductions, including $10m of G&A savings already delivered. The company also completed the sales of its Gabon and Kenya assets, simplifying the portfolio and sharpening its focus on Ghana.

The biggest strategic wins came from Ghana: long‑term licence extensions for Jubilee and TEN to 2040, improved gas pricing, and a new payment security mechanism with the government. Alongside this, Tullow successfully executed a major refinancing that pushes debt maturities out to 2028–2030, removing the near‑term debt cliff and giving the business a more stable financial runway.

I would say, there is potential, but tread carefully and 'don't put all your eggs in one basket', as the saying goes.

A big investor who paid say 50p will not be in any hurry to sell the share now, even at 25p. What's the point? I believe they would hold their position until they realised a turnaround either way. They do not have much to lose, considering they may have already lost big.

I tend not to agree with your assertion tbh.

1. Refinancing Deal Reached (February 2026)

Tullow Oil has secured major refinancing agreements with:

- Glencore, and

- Around two‑thirds of holders of its $1.3bn senior secured notes

Key outcomes:

- Debt maturity extended by over two years, now November 2028

- Part of a broader capital structure overhaul

- Aligns maturities with expected 2026 operational catalysts

- Eases pressure on one of London’s most heavily leveraged oil companies

https://www.globalbankingandfinance.com/tullow-oil-strikes-multiple-deals-sweeping-capital-overhaul/

2. What This Means for Investors

Positive signals

- The refinancing removes the near‑term 2026 debt cliff

- Extends maturities to 2028–2030, giving breathing room

- No equity dilution is a win for shareholders

- Access to new liquidity via Glencore improves working capital flexibility

Remaining risks

- Tullow is still highly leveraged

- Production decline remains a challenge

- Execution risk on operational catalysts in 2026

- Oil price sensitivity remains high

3. Why a New Discovery Could Restore Confidence

1. It changes the narrative from “survival” to “growth”

Right now, Tullow’s story is dominated by:

- Debt refinancing

- Production decline

- Asset maturity

A new commercial discovery would flip the narrative to:

- Reserve replacement

- Future production growth

- Improved long‑term cash flow visibility

Markets love a turnaround story when it’s backed by geology, not just financial engineering.

Please do not trade this stock. The scammers who sold OST to me have reached out to me again.

https://www.vorbio.com/

This company can barely stand on its feet. Don't get tempted under any circumstances.

Thanks,

Matthew

One of the scammers is Judy Anderson. I tracked his WhatsApp number, and he turned out to be a man called Jorge G L Williamson, based in Vineland, New Jersey.

Do not share any 10-second screen video with them. He tells you,' It is for compensation purposes, but it's a big scam. They want your bank details as well.

The contract award does not change the price of the deal in any way.

I mentioned to the whole chat room a few weeks ago that a massive win or award was on its way. I had the info, but couldn't share because Wood has not managed to raise a performance bond for the control.

The $2.8B is massive; however, over $2B of the contracts is procurement for which there's no markup, so, although it's a massive win, this is not the contract that saves Wood from the challenges it faces.

I had a similar experience, so I checked with Halifax, who told me the brokers said the system had not updated the changes properly. Once done, it will return to what it was nearly before the consolidation.

@CaptainSwag

When I said 50p, the room nearly fried me up. To be honest, I bought a few at 41.25p and now only the takeover will cut my losses; it is what it is.

Ken G offered to company to Sid on a silver platter so he doesn't get fired. He's trying to salvage a bit of dignity by not being fired. Eventually, he will cash in on the sale.

Reject, and Wood goes under. From what I was told, it was Wood who approached Sidara to come back and make an offer. The debt refinancing was going nowhere.

About 3 weeks ago, I posted here that Sidara will offer 50p per share. ICECOOL nearly fried me. Sidara offered 35p, and the world is fuming. What would you do if you were in Sidara's position trying to buy a sinking ship? Without Sidara Wood's finish, they will go under in 3-6 months because no bank will refinance their debt.

I also mentioned there is a big win coming; it is still in the pipeline, but I was hoping that it would be awarded before the Sidara offer to help with the SP, but it was not to be. It's a massive job with one of the Middle East clients, I am told.

Ken Gilmartin and the board should have been let go last year when they missed their targets for both EBITDA and Cash. John Wood Group made a mistake acquiring Amec Foster Wheeler; they didn't learn from Amec's mistake in acquiring Foster Wheeler, who was sinking fast. The ex-Amec COO, Neil Bruce, left Amec because he was against the acquisition of Foster Wheeler.

Let's hope the deal goes ahead so that those who still have a stake in the company can salvage a bit of downgraded dignity.

The ex-CFO is gone, although he had nothing to do with this. The Group FC and the Deputy CFO have a lot to answer for. Ken G as well must bow in shame for putting his signature on the accounts. They know they were making up the numbers and think they would not be found out.

Sidara is the only saviour for now; I believe they will make a firm offer in the coming two weeks.

My previous stataments are still solid; it's just a matter of time. The SP will rebound in the coming two weeks.

Maybe I was being over-conservative. But the offer could start as the date's closing price plus a premium of say 20-30%.

The little we can do in the chatroom is to be civil at a minimum!@ YorkshireBlues.

My position has not changed; I refuse to comment further. I believe in the concept of'substance over form' if you understand that.

Sidara is set to update the market on Monday, 24th March, regarding whether they will proceed with an offer. While there’s a slim possibility this could happen earlier, it’s best not to anticipate any developments this week.

Additionally, I believe the initial offer will likely be in the tens rather than the hundreds of pence as part of a negotiation tactic. So, an opening offer of around 50p wouldn’t be unexpected.

@BeardedDragon, You're right, but hate is a strong word to use. My opinion about Wood would not have changed had Sidara not raised their hand.

The same board watched the ex-CEO, Robin Watson, take the share price down from £650p to a penny stock, and he left. They put their trust in Ken G, who has never been a CEO to lead the company. He gave them a three-year strategy promising to deliver positive cash flows. Where is the cash? It's even unlikely Wood will have positive cash flows at the end of 2026, let alone think of paying dividends.

Sidara is the only way out—from what I was told, it was even Wood who approached Sidara this time around!

@BeardedDragon, You're right, but hate is a strong word to use. My opinion about Wood would have changed had Sidara not raised their hand.

The same board watched the ex-CEO take the share price down from £650p to a penny stock, and he left. They put their trust in Ken G, who has never been a CEO to lead the company. He gave them a three-year strategy promising to deliver positive cash flows. Where is the cash? It's even unlikely Wood will have positive cash flows at the end of 2026, let alone think of paying dividends.

Sidara is the only way out—from what I was told, it was even Wood who approached Sidara this time around!.

@Taverham - hopefully will boost the SP.

Thank me in a couple of weeks; I will ensure you do!!!