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Slift you need to look at movement in NET DEBT to determine free cash flow. What was net debt end of Dec 19. What was net debt March 20. I dont think we know net debt end March 20.

Slift that's history in any case.

Costs have been cut. Free cash flow over $35 for rest of year.

Production likely to be higher than guidance this year due to new well on TEN coming on steam in second half of 2020 and Ghana gas offtake agreement allowing more production.

Serious upside here

ALL IMO

I estimate free cash flow of at least $200m for 2020

Debts should be @$1.5bn by year end. Ghana is worth $4bn. So net value = $2.5bn. This equates to sp of £1.50

DYOR

Even so Jan and Feb they were cash flow positive with high oil price

I think rest of year oil will average well above $40, so debts are reducing every day

I don't think they gave burnt through cash through this period due to 60% hedging. Period of low oil prices just lasted a few weeks. For rest of year, there is free cash flow above $35.

The ket to recovery is whether OPEC+ can dictate oil prices. That should now be possible with US shale on its knees.

I don't think they gave burnt through cash through this period due to 60% hedging. Period of low oil prices just lasted a few weeks. For rest of year, there is free cash flow above $35.

BIGDAVESDAD
Many other positives here - that's just a few

BIGDAVESDAD

There's some nasty shorting scum on this BB

This company has serious multibagger potential - £2 possible in 18 months

BIGDAVESDAD

1. Demand rebounding. OPEC + supply cut. US Shale is devastated
Supply deficit in July will see Brent over $50. Breakeven is $35

2. New CEO starting shortly - impressive track record. Founded and built $2bn oil company
in 5 years. Reputation for getting projects completed below budget.

3. Kenya sale imminent – could rise 50% rise on news !!

4. Another rig coming online in 2nd half on TEN field - should produce 10k. 5k to TLW

5. Production will exceed guidance – 75k-80k maybe

6. Hottest exploration acreage in world

$39.02

"Kenya: China Ready to Pounce As Tullow Oil Bows Out"

https://allafrica.com/stories/202005180070.html

$38.84

This will happen next few weeks/ months

Might be better announced when oil is over $45

This will happen next few weeks/ months

Might be better announced when oil is over $45

jzzj
Love it
You got under GGs very thin skin ROFL

This will happen next few weeks/ months

Might be better announced when oil is over $45

Great week

Next week will be better !!

US rig count - another fall to another ALL TIME low

This will affect future production, which will also fall to all time lows

Persian I agree GG is the lowest form of life

Karma will catch up on this evil being