Member Info for MarcelKrell

Although we know this already, it's to bad to see the message being confirmed over and over, March 12th:
"There are no drilling plans reported for this year as yet on the Repsol-operated Kanuku block and Tullow Oil’s Orinduik block. However, 3D seismic reprocessing is scheduled to mature prospects for future drilling."

https://oilprice.com/Latest-Energy-News/World-News/Oil-Exploration-To-Hit-Record-High-In-Guyana.html

Antharry, I think that Slift got out of TLW to early. Lol. But he, it's always a gamble which stock moves first.

HappyInvestor100:
"Catalysts that could go against me include a good result from the Suriname well and ***announcement of further asset sales.***" Raoul yesterday said there will be no sales, not necessary. Certainly no FIRE-SALES.

“But it remains to be seen how the lenders regard "jam tomorrow" during the refinancing discussions especially given Tullow's recent record and the years of oil price volatility. They will surely want their pound of flesh.” That is FAR from what Rahul 'radiated' on this topic yesterday.

Did you perhaps short some more than you claimed here? Just asking... :p

Target decision news in June could be indeed, but drilling will occure next year, WITH Tullow I'm sure. Unfortunately that is some substantial time for ECO., 9 months to a year.

Rahul Dhir confirmed yesterday that drilling Guyana is indeed still in 2022. No signs of them letting go of Guyana, so the other parties can only wait, evidently.

The "pitfall" is indeed that everything is a year out. If oil goes down again (IF!) later this year, ECO will also go down of course.
But I expect that in 2022 ECO will show a healty rise. Thank God I hold my TLW holdings, there is currently (!) a lot more going on that could (IS) move the share price.

HappyInvestor:

"After a run-up of 100%+, a lot of good news is now priced in and, conversely, there is much more scope for a sell-off if one or more expectations are not met."

I disagree. Rahul was extremely at ease and confident. They wouldn't even have a problem regarding this topic, with way lower oil prices...

So it does not add up what you say imo.

Tullow CEO Rahul Dhir talked about drilling Guyana this morning in the webcast: 2022 is what he said.

Overall: extreme confidence is what I see from Rahul.

Rahul: In July TLW was a burning house, now they are building a nice Mansion.

Question: Higher oilprice effect on negotiations?

Answer: even at lower oil prices Rahul was confident about that. The "Self-Help" also helps, aside from the oil price going up.

Ghana recovery factor of the oil was 41%, now 45% could even be higher later on. Partly thanks to more wells than planned.

Summary: looking good, no matter what the exact % number. Potenial.

Drilling Guyana still 2022 according to Rahul.

In good position for the refinancing.

Question: More asset-selling? Answer: No fire-sales! But no really need now for new sellings, unless a great price is being given.

Guyana: new 3D seismic present. Better understanding of the reservoirs now finished. But still 2022.

Ten and Jubilee remain high potential.

Better defined new drilling opportunities in Jubilee, and TEN. Low risk.

https://edge.media-server.com/mmc/p/kz4hpaav/dmediaset/auto

Are we all watching?

:)

I'm sure this has been posted here?

https://www.businesspost.ie/companies/spanish-hedge-fund-spends-ps7m-to-boost-stake-in-tullow-oil-8c66939a

Like I said, seems to be true, Tullow has more going on these days, Slift. I think ECO will be 'active' in/about 9 months from now.