Member Info for Maverick7

Well if a placing is coming what's the odd it's going to be a premium to the current price. I wouldn't rule it out and if there is one, they should do it quick

Probably that MisterX on iii

Sadly for drone he doesn’t understand the correlation between the oil price and share price and more importantly the impact of additional wells coming on stream Ghana and massive potential in Guyana.

Drone - £3 before 1st August

i don't disagree with what you have posted happyhols, good post. I agree that this drill is totally different to Puntland and Philippines.
No sell off on News yet, I'm sure there is a bag of money sitting on the side lines to either invest as new or top up

PMO has been held back because the market believes that it will make further acquisitions at a cost to shareholders - further debt and/ or dilution.

Most will expect sell on news of spud? If I recall correctly when RMP were drilling in Philippines share price never got higher than 5p for long.
Up or down tomorrow, hope it’s the former

Will we get an update on Jamaica from Tullow tomorrow?

2x £139k today & 1x £165k yesterday. I'm guessing that's no Private Investor - Institutions, Private Equity or someone buying on behalf of a major

I would guess that any major would want to be the operator of the block. So if one did farm into a percentage of the TLW holding, surely they would want the ECO holding as well? So how much more do Total want? If another major other than Total farmed into TLW share, surely Total would then have to snap up ECO and try and get more of TLW. Total were quick enough to snap up ECO 25% all be it at a fantastic price.
I think another major farming into TLWs share will create some fireworks.

should be Strong buy!!

lol IJT - seems this Drone guy is resorting to stalking now, hasn't he got something better to do?

String buy by the way for TLW.

Does anyone know how the revenues will be split if Hammerhead goes into production. If for example, 10% of Hammerhead is in Orinduik block is it as simple the ECO consortium get 10%?

thus far on the Haimara & Tilapia discoveries. Surprising or they just don’t need to shout anymore? Someone commented that the local newspapers released the news before Hess an£ Exxon. Is this the sign of things to come when we drill - rumours, leaks, etc.. Had enough of those in the falklands drilling campaign.
Guyana relatively small country and no doubt some of the locals have some insider contacts at Exxon anyway.

I’m sure Total would have something to say about any Exxon takeover of ECO. And what about Africa oil?

Also I’m sure the likes of BP, SHELL, ENI and Statoil want to be part of this party. However, ECO have only 15% left so TLW are in a good place to farm out a large percentage. Question is do they want to willingly.

Either way both TLW & ECO in prime position. We all know what happened to COVE

lets see who is right - you or me. Come back in 6 months and we can then compare notes

and Exxon just made another 2 oil discoveries in Guyana and TLW have 60% of nearby acreage. All the super majors will be lining up in a disorderly queue to farm in.

The AIM listing is the dominant market but AIM seems to be catching up all the time. Usually it’s AIM that leads.

JOG went up to £4+ pre drill last year targeting far less than ECO. However, they had far less shares in issue

lol Drone, that's really funny.
Have a look at all the oil shares in the sector over the last decade or so. The all have the same trend pretty much. Oil price and debt were the key issues.
Looking ahead TLW in a good position to grow significantly and reduce debt.

Drone - Did I lose a lot. Nope, but made plenty. I have traded in and out of TLW. Never bought at the highs several years ago as I tend to trade/ invest in smaller market cap oil stocks and done fantastically well.

Market seems to be agreeing with me and Dabbler at the moment. Let’s see where we are in 6 months. I’ve already answered your question so won’t waste any more of my time - comprende

Can’t believe Drone is questioning why the share price has tanked since 2009. Hasn’t he done any research or is he/ she blindingly ignoring the following
1. 10 year ago the oil price increased significantly and went over $100 and stayed there for a few years
2. OPECs war against shale which brought about the great oil price fall
3. Big change in sentiment to “risk on assets”
4. TLW isn’t the only oil producer to see its share price falll significantly over the last decade
5. Commodity supercycle downturn
6. All the above have had an impact on sentiment which drive the share price of some oil stocks
7. Withdrawal of the dividend
8. High debt.

However, in recent years TLW has been repairing its balance sheet, reducing debt, and most importantly has assets in some of the hottest oil regions in the world - namely Guyana, Ghana. Guyana will be huge, mammoth in fact. Ghana still got plenty to come. Kenya is low cost land based and in a few years will bear fruit.

If TLW farm out their 60% of Guyana that in itself will wipe out any debt.

So in my opinion if oil gets back to $80, £3 will be cheap