Member Info for MarcelKrell

Well, I'm not totally sure about that timeframe (understatement maybe)... but either way, like I said: nobody (including our big stakeholders) thinks it will be a good deal to receive an x amount of $$$$$$$$$$$ after they are ***DEAD***... lol.

This could still be somewhat relevant:

https://www.businessdailyafrica.com/bd/markets/commodities/tullow-now-plans-kenya-first-oil-in-2028-4588036#:~:text=Kenyans%20have%20waited%20for%20years,Africa%20to%20the%20international%20market.

"Kenya's oil wealth dream has been delayed further after the government rejected a commercialisation proposal by British exploration firm Tullow Oil."

I'm sure those 'gaps' have been filled by now.

"According to Kenya’s Ministry of Energy and Petroleum, Tullow’s latest FDA failed to demonstrate ***how it would plug the financial gap*** given its limited asset value relative to the billions of shillings required to fully commercialize the oil reserves. The ministry also pointed out the technical deficiencies of Tullow following last year’s withdrawal of the two oil giant."

“There were issues in the FDP, given the book value of Tullow’s assets and the huge investment needed to fully unlock the project, ***Tullow failed to show us how it will raise this mone***,” Energy minister Davis Chirchir said in an interview.

So I'm sure all hurdles are taken now... and Kenya will be happy with what they get out of this...

"Kenya made the first commercial discovery of oil in Turkana in 2012 after more than 50 years of exploration"

Well, let's go Solar now with the finishline in sight... :)

Last summer: "Tullow is currently hunting for a strategic investor to provide funds that are needed to unlock the Turkana oil project, hoping that the government will finally approve the updated FDP."

1 + 1 = ?

"However, Kenya is a no-brainer for Tullow, with the projected output from the Turkana fields more than double the company’s entire production."

Even with 30% I'm sure Tullow sees itself as a winner here... given the alternative (a pie in the sky).

Nice read back:

https://oilprice.com/Latest-Energy-News/World-News/Kenyan-Government-Rejects-Tullow-Oils-Field-Plan.html

And where is the Devil...?

There are some big players in Tullow Oil with substantial amounts of shares. They will of course 'supervise' what happens... (that's wy Rahul got booted I'm sure).

585 million barrels at $60,- is 35 BILLION $ in sales.

Kenya will never ever leave substiantial profits from this figure in the ground.

And Tullow has 30% (timescale is evidently of less importance, otherwise this deal would not have been made, if Tullow could not refinance).

So I don't get why Anton said he will sell when it is back in the 20's... ? Doesn't make any sense in my book.

According to Tullow Oil’s estimates, the field could hold up to 585 mn barrels of crude.

The entry of Gulf Energy, a company based in the United Arab Emirates, into the project could expedite its development.

The free participation clause keeps Tullow Oil in a strategic observer position.

IMO it's clear now that Kenya wants to produce that oil, when we look at the latest communciations, right?

Like Anton said: I think (I'm sure) that Kenya now get's what it wants out of this development...

Why wouldn't this be a fantastic deal for Tullow, if this finally starts to become a reality?

I don't think that Kenya wants to leave that oil in the ground... and go Solar... lol.

Gogadget, the fact that he is posting on Saturday before Easter... is telling.

As a matter of fact; it tells you everything about this guy 'who only wants to be right'

He evidently NEEDS the respect of others... lol.

Just a FOS poster... craving for admiration.

Jmax (or should I say 'jmin'?)

"As for Kenya, it looks like a a desperate deal that at this time lacks clarity."

When reading this quote, one should absolutely included all your other posts over the last year at least... to asses such a remark...

FACT is: you have always been negative about Tullow, all the way.

So I should not give to much legitimacy to this quote, considering your obvious agenda... and your inconsidered behaviour and 'I know it all' stance.

FOS is what comes to my mind when reading your contributions to this board.

What you posted about your buy/sell moves here, does certainly NOT have anything to do with your real buy/sell moves.

I think we all would be 'shocked' when seeing your real Tullow trades in black and white... lol.

A nice reminder in hindsight from a month ago: " It also wants Tullow to onboard the strategic investor and get the project moving."

https://www.standardmedia.co.ke/business/financial-standard/article/2001514019/trump-offers-a-flicker-of-hope-for-kenyas-oil-project

Jmax (aka Warren...)

"I had tremendous financial acumen when I called sell at 39p"

Now... if only you did, lol.

But nonetheless: rule of thumb applies either way: the more one posts... the higher the financial interest..!!!!

You don't post here for nothing.

And remember: Warren did achieve his results without posting... so maybe some "acumen" is lacking... hahaha.

Jmax, rule of thumb: the more one posts... the higher the financial interest..

JMAX, I didn't know Wacko Jacko was still alive...

For what it's worth:

https://www.africaintelligence.com/the-continent/2025/01/07/behind-the-scenes-of-tullow-oil-ceo-rahul-dhir-s-exit,110357637-eve

Jmax, of course... every longtime investor in Tullow is Fishy.

Hahaha.

By the way: your mother called again: get away from your computer, she said.

He, JMAX, buddy:

"This wasn't a take-over target at sub 10p. The sp went from well over 200p to around 60p in late 2019, for several good reasons, then we had the Rona.

Why would anyone want this company....."

Wouldn't you want this company? Just to short the hell out of it... ?

It's easier to pinpoint the Shorter, than it is to shoot fish in a barrel.... hahahaha.

"Funny ... you don't see JMAX posting on the UOG board anymore or mentioning what a great prediction he made on that one calling the buy at 0.36p."

What do you mean Anton? I thought JMAX was an enigma...

:p

I would not even listen to your advice, if you were trying to sell me a vacuum cleaner... funny, but true!

Jmax, your mother told me you better go long... it saves yourself from producing a lot of bs on this board?

You do understand, I assume, that going long will bring you more that staying short... financially, and piece of mind.

JMAX, I've got your mom on the phone... AGAIN.

JMAX, your mother called... and threatend to cut you of the internet.

JMAX,

You have a fantastic record of FOS indeed.

Already on the Forbes list?

SeekingAlpha on the 28th of november:

" That’s not to say I’m happy…kick Rahul out . Shareholders require communication…there is a mature asset base here well in excess of the market cap and if we are not careful we will be handing it to a private equity buyer on a plate. You have been warned ."

Well, they kicked him out... for exactly those reasons above here... I'm sure.