Member Info for Maverick7

Those shorts are going to burn, Aramco update below:

State oil giant Saudi Aramco said the attack cut output by 5.7 million barrels per day, about half the kingdom's production, at a time when Aramco is trying to ready itself for what is expected to be the world's largest share sale.
Aramco gave no timeline for output resumption but said early Sunday it would give a progress update in around 48 hours. A source close to the matter told Reuters the return to full oil capacity could take "weeks, not days".
Traders and analysts said crude may spike to as high as $100 if Riyadh fails to quickly bring back supply.

No point keeping hold of Namibia if there is a takeover, just sell the entire company. It’s a clean break for everyone. If we did just sell Guyana, the Guyana government will tax the sell. We’ve seen this with other governments in Uganda and the Falklands just for farm ins.

Some good big buys going through considering the share price is 170p plus

So Gill Holzman says “All to plan”. Conclusion Brightspot should be renamed *******spot. Aces bar full of people who know jack sh@t

lets not forget the "beast from the east" forecast this winter - worst spell of cold weather in decades - hopefully not though, but maybe the gas market pricing it in

The Africa Oil presentation which someone posted yesterday still states appraisal activities and further exploration for 2020:

"2020 Follow-on exploration and appraisal drilling TBA"

what an absolute tool, no place for that
regarding I3E, absolute gift

From Stabroek news

"Elections in March 2020, after a no-confidence motion in December 2019, mandating elections in three months, is an intolerable constitutional travesty.

The date will no doubt drift down to May 2020, when the life of the Government comes to its natural…

Bought in on Friday, shows as a sell!! Low market cap, low shares in issue and plenty of news to come

Thanks to Jamirillo on GBP page for posting the link below, it states ECO looking to drill last QTR 2019 or Q1 2020. Can’t see this being correct though as we haven’t even farmed out yet?

https://www.theafricareport.com/12262/the-time-is-right-for-namibian-oil-exploration/

Forgive my sensational headline and no I haven’t been to Ace’s bar, lol and I know there’s still a couple of weeks to target depth

However, the reasons I believe it’s a strike are as follows-

1. Further Political posturing from the opposition, why refer specifically to Tullow, some info has obviously leaked
2. Soon after, a government official states in the local press that a “New Discovery” has been made and will be announced next Friday
3. Shenanigans at TSX.V - trying to cause a flash crash on TSX and AIM - they know and want shares desperately
4. Manicat on Advfn posted here by Diversified mention the upper target of the Pliocene upside in the CPR.
So, what if the “New Discovery” mentioned by the government official is this upper Pliocene target which opens up a new fairway and new potential billions of barrels. This has the opposition all excited and they want their 2 pennies worth.
The Pliocene being a shallower target obviously gets hit earlier than everyone expects hence all the excitement and press last week.
In the meantime the drill head is still spinning on its way to the original target Joe

After all Gill did state it’s “one giant pool of oil” - it may literally be. Next week will be even more fun.

don't forget that Repsol and TLW also drilling Carapa - but its way too early for that

From the Tullow website (i should have looked there first!!):

The Board has approved an interim dividend of 2.35 cents/share (c.$33 million) which will be paid on 4 October 2019. This is in line with the Group’s Capital Returns Policy of intending to pay shareholders at least $100 million per year. It is expected that the total ordinary dividend in any year will be no less than $100 million and will be payable semi-annually, split between the interim and final dividend (1/3:2/3). In periods of particularly strong free cash flow generation, the Board will also look to supplement the ordinary dividend with additional returns to shareholders.

Dividend annoucement date is the 18/9

https://www.tullowoil.com/investors/shareholder-centre/dividend-information

hargreaves website must be wrong then JMAX, they state 18/9 as the payment date

Not long to end of September and half yearly report.

Hi Razor
i believe when the stock goes ex dividend you can sell anyway without losing your dividend entitlement, happy to be corrected. You only have to be in the stock prior to it going ex dividend

Look at the TSX:ECO chart, that is no sell off, it’s a manipulated flash crash to get cheap shares. Some people will regret having stop losses. It’s a dirty market, this oil business

No need to panic, political rubbish by the opposition party.

All is good, you only need to ask the question to those that know. Sleep well

The TSX MM waited for the final 5 minutes to create this flash crash - leaving no time for anyone to react

Wtf

That article wasn’t just printed at close of play in Canada, so it’s either

1. Duster
2. MM raid, they are short of shares ahead of Joe results
3. Some nervous investors following the article selling and then causing a flash crash and triggering stop losses

No doubt market makers over here will take the p and try and replicate a similar scenario. Either look away or buy into the opportunity.

I understand Guyana elections aren’t until November - tbc. Gill doing the marketing rounds and selling the ECO story of late is going to ****ed