Member Info for MarcelKrell

https://oilprice.com/Energy/Crude-Oil/Could-Guyana-Replace-Venezuela-As-A-Regional-Oil-Giant.html

https://oilprice.com/Energy/Oil-Prices/Decade-Of-Chaos-Could-Send-Oil-To-130-Per-Barrel.html

At least a price of oil below 'zero' is not very likely anymore. Lol. Very good for Tullow... all of this.

https://oilprice.com/Energy/Oil-Prices/Decade-Of-Chaos-Could-Send-Oil-To-130-Per-Barrel.html

At least a price of oil below 'zero' is not very likely anymore. Lol. Very good for Tullow... all of this.

https://oilprice.com/Energy/Oil-Prices/Will-Oil-Hit-100-This-Year.html

All in all: this bodes well.

https://oilprice.com/Energy/Oil-Prices/Will-Oil-Hit-100-This-Year.html

All in all: pretty optimistic view on the oil price. Even if we don't make it to $100 for very long, the average oil price will be very good, certainly for Tullow.

https://oilprice.com/Energy/Oil-Prices/BofA-Oil-Prices-Could-Hit-100-In-2022.html

https://oilprice.com/Energy/Oil-Prices/BofA-Oil-Prices-Could-Hit-100-In-2022.html

https://oilprice.com/Energy/Energy-General/Its-Too-Late-To-Avoid-A-Major-Oil-Supply-Crisis.html

SUPPLY crisis...

https://oilprice.com/Energy/Energy-General/Its-Too-Late-To-Avoid-A-Major-Oil-Supply-Crisis.html

SHOOT, I did not see that coming...

Scrodingerscat,

" it's so bleeding obvious that Kenya is the story here."

I found this from a week ago, anybody read it completely?

https://www.africaintelligence.com/oil--gas_state-strategy/2021/04/08/kenyatta-working-on-plan-b-after-losing-faith-in-tullow-oil-in-turkana,109656449-eve

Even Berenberg has a target of 45 per March 30th... are those dates correct, one would ask himself?

Sundezena, yes but the latest update (look on this site) is from March 31th... two weeks ago... That is what I don't understand.

I don't get these low ball broker recommendations...

https://www.sharecast.com/news/broker-recommendations/canaccord-genuity-downgrades-tullow-oil-to-sell--7801555.html

"Given the scale of the total debt outstanding (circa $3.3bn), the sensible (though not risk-free) long-term development plan, and the improved oil prices, we would expect widespread creditor support. However, the cost of that continued backing may be significant."

I thought that the suggestion here that this 'continued backing' could be significant, was already addressed by Rahul...?

Hi Slift,

"The well has been drilled safely and in an environmentally responsible manner. All data is undergoing a comprehensive analysis by ReconAfrica's Namibian and North American technical team and consultants."

I'm almost sure that if they found oil, they would have said so? From my experience, if oil is found, they say it right away.

Happy,

No fire sales needed anymore.

And yes, there is value left for shareholders.

That *probably* means they are not succesfull...(?)

Slift:

"Ofcourse the share price would increase, I'm not denying that."

Then what number do you have in mind when that reality is there? Which range approx...?

Slift, or debt at 1.5 two years later, lol. Doesn't matter. What shareprice correlates with those realities?

Slift,

"Good luck to you here with your positive outlook."

You got out way before the latest last run, and today's price.

"But glad that we agree on the only drivers here are oil price and debt reduction as opposed to growth."

In my book there is way enough share price potential. Let me ask you: where do you think TLW's share price will be next year, with oil at, let's say on average, $70, - and debt at $1.5 Billion, with projected production?