Member Info for mattwales

the cold effect sure to tempt a lot of older people once vaccinated many who have saved a fortune not doing a thing 2020.

canary, look at the investment program 49 drills planned for ghana alone 40+ for gabon.
2021 just the start of multi drill work to up production.

canary, multi drills Ghana Q2 should up production as a simple calculation of Tullows cashflow projection works out at $5.2bn at 75k barrels over 10 years so their plans must be to increase production to get the $7bn cashflow they desire and why they reinvest the $2.7bn.

canary, the presentation told everyone $7bn of operational cashflow i.e positive cashflow over 10 years.

They included in this $45 @ 2021 and people are saying negative cashflow 2021 when Tullow themselves are saying mega positive cashflow at $45 2021...$55 2022 on.

$7bn of positive cashflow from their own figures of $45 oil for 2021 $55 2022-2030....

Slift how do you get true breakeven at $47 for 2021 when Tullow stated in their presentation the following:

It said that it expects to generate $7bn of operating cash flow over the next 10 years and to reinvest $2.7bn of that, mainly in a multi-well drilling program in Ghana.

The remaining $4bn will go on cutting debt and allowing for shareholder returns on oil prices of $45 per barrel in 2021 and $55 per barrel from 2022 onwards.

i.e they are alluding to making profits at $45 a barrel 2021.

1.34 USD TO GBP exchange rate its now fallen to 1.3216

$50 brent -$35 costs = $15 profit a barrel

75000 barrels a day production x $15 x 365 /1.3216 into £s = £310.7m Tullow Oil profit a year UNHEDGED.

errr yes young but they brought their costs down radically down from then now $35 from $45 earlier in the year.

At 75k barrels UNHEDGED that's £306m profit.

70000 barrels a day x $15 x 365 /1.34 = £286 million profit a year

Even with some commentators suggesting 65000 barrels a day which they got from Conservative guestimates thats £265m profit.

Fair value £750m easily.

i cry bull**** Tullow was 38p in June at $40 a barrel with costs still coming down with their plans.

Tullow is now 32p at $50 a barrel if thats not manipulation i dont know what is.

oil price is up over $3 in a week price didn't really move here upwards and the joke is MMs are pushing it down.

meanwhile brent is $50.64 and the price here should be 45-50p not 32.3p and falling.

acker, have PREM room to find £300k+ in shares? its almost a billion share dilution just to pay wages. anyone know the share ceiling?

acker, im basing it on RNS 11/8 pay directors shares and RNS 22/10 pay directors shares.

early jan pay directors (if not before)

its even undervalued at 40p.....brent $51 tullow should be approaching 50p now, the price is a steal.

cya later anyone short here and hello more Tullow profits.

it'll rise again on vaccine rollout usa $55 is an easy target.

patience, oil will rise/consolidate mid 50s soon. tullow will be like a coiled spring.

GR got to pay everyone of the BOD/management/consultants again sometime January will it be shares/consolidation or cash.

Its already game over for the shorters....oil will continue to go up on USA vaccine approval then rollout.

it'll fly on vaccine rollout in USA too....could see $55 Brent by Jan

u'll still have people on here saying what about RBL retermination when Tullow are walking into see bankers when Brent is $52-$55 come Jan.