Member Info for mattwales

Tullows final results were based on $45 per barrel of oil breakeven costs.

As of April and this RNS they dropped breakeven costs to $35 a barrel
https://www.lse.co.uk/rns/TLW/business-update-4l7hcg4kut8lsz9.html

I have worked it out as 45600 (60% production) x $22 x 365 and 30400 (unhedged) x $8.2 x 365 then divide it by 1.25.

Obvious these are rough calculations, there may be hedging costs for example.

the project has been derisked with the earlier drills, doubtful it'll be sold.

no news about the Kenyan assets is good news, lets hope Tullow has the sense to keep the Kenyan assets until we see oil price recovery later into 2020 and into 2021.

thats £365million profit.

Price earnings ratio of 1.21....ignore the debt the p/e ratio is insanely cheap.

Tullow are making bucketloads of cash their breakeven price is $35, 60% hedged at $57.

From my brief calculations base on 76000 barrels of production per day they are making £365m based on current Brent price.

They are amortizing their debt i.e paying it down as it's coming up to redemption, next debt amortization October.

thanks but ive been in and out of Tullow Oil with a lot of cash, now back in.

cos someone bought 5m dead on the opening bell then probably the same seller 25 minutes later.

lets hope its the company trying to manipulate the SP higher before the inevitable placing.

go tell GR to keep buying.

thats way uncertain and given the lies GR has given us pretty off the wall to say the offtake partner will inject the needed funds.

The offtake partner want an independently valued report requested by them before they will do a thing.

thats doubtful when NIEEF do not want to give up their holding Graham and have stated this.

We got USD$105000 from them to keep their percentage back in May.

We're owed USD$4.9m from them with GR bumbling his pursuit of the money and instead nice placing coming up.

RHA is an example he had this in production once now needs $1.7m to get it back into production. This despite NIEEF electrifying it.

MNH sunk a cool million into it's expansion and forget any excuses of covid 19, lack of containers or any old bull**** its a fact that no increase in production has occurred. Anyone in their right mind would be asking where did the $1 million go.

ty Moljen now we know why the EPO process has been delayed.

As everyone knows the EPOs are dependent on amendments to the minerals and mines act.

those amendments with todays announcement are 1 year away (was expected oct 2019).

$1m sunk into a non existent MNH expansion and u tell us we havent been shafted. it stinks of fraud in all honesty.

the only way PREM will hit 1p is if GR can convince Eton Musk he is competent to aid him mining the moon.

Given GR cant put an operation into production on earth and Neil Herbert is struggling to put in an expansion I bet we hit sub 0.05p on the next placing.

Further funding needed as per the RNS suggests that placing very soon.

the board is reflective of how the company is run.

if GR etc are being paid in shares they dump them just like MNH management dump them otherwise we'd have holding RNSs.

surprised we havent cratered down.

how can anyone put a positive spin on that RNS

MNH now producing less than the $1m PREM bunged in....my excitement over us being part of an operation sharing $30m profits a year based on 40000 tons per month by 2022 vanished.

RHA needs $1.7m to get into production and we get the spin of offtaker is in glee at falling prices. If they walk away RHA is toast. We're owed $4.8m by NIEEF but i bet we haven't chased them for further payments.

placing to come shortly.

I think i did answer it PREM invested $1million for expansion into MNH owned by Neil Herbert.

the same Neil Herbert who gave us expansion targets based on our investment into MNH.

I wouldnt like to call it fraud but where is the expansion

this looks increasingly like the URU invest in strong MRS profits scam.

false dawns and false information everytime GR opens his mouth.

unrealistic?

what happened to the $1 million invested by PREM into MNH for an expansion?

either we got ****ing scammed bigtime or 600 tons was all you can muster on $1million invested

Neil Herbert was going to be our saviour expanding MNH we even got a nice presentation with targets.

Given the failure of the MNH expansion his credibility is already shot.

Cos of that failure we're looking at more placing funding needed pretty shortly.

u go ahead it wont action rha going into production anytime soon, placing in weeks

next webinar the Zimbabwe govt cleaning lady let it slip she'd seen endless signed documents.

while as if by magic RHA will be producing tailings moving into production using monkeys as labour because he spent 6 months training them.

while circum is moving to a liquidity event by him securing more circum.

with a dont worry u can trust me nod nod wink wink EPO imminent everything on track phew let me hit the placing button.