Member Info for MaverickD

Don’t worry guys……..no news this year as per the corporate update and hence holders are selling out because there is money o make elsewhere. I will return myself as I buy in lower. GLA whatever your strategy.

Hope you all got to get your fill here…….mms dropped the bid to fill some big orders now back up

You can see from all the noise around the pipeline and production the US and domestic companies involved will want to get back up to peak production and with that all said and the potential receipt of circa 75m and initial development of Oman having already started and an update within 4 weeks this has the potential to double(with ease) from the current price. It’s consolidated around the 60p mark and we could well see some nice upside over the coming weeks

Nicely ticking its way up this morning…….steady is what we want

@AIguru think think the Matd board need you more than the tlw one today…….i have no clue about what their debt or lack of it is, but it’s easing off

Looking primed now to tick back up and with a little luck 6p won’t be a barrier today

Fogg it is a gift if you sell……you take it like I never sell a bean. I just sold 100k at 5.04……pretty happy that brings in just over 1200 in 2 days. Then I have my holding bag which is all for free. 20p was a gift if you bought again at 13 and managed to sell the lot for 21/22 which I did. I trade and I hold what I make

I took a wee bit off the table……always good to take money on the way up. Gives me a little to play with should we see a little shake at some point. 3.6p on Tuesday looking like a gift right now

I recall when these were 25p and subject to takeover chatter…….it seems primed for a bump up in price and 8-10p seems more than realistic. We know conservative estimates place a value of 40-50p for EUA

Should look to get through 6p today after some significant buy orders filled

As people are looking I think EUA could be a very good play for about the same money TLW is now. I have been adding…….the Russia peace negotiation is going to play a part in how far it re-rates. Also hoping the 9K shares I have in Evraz eventually make it back to the UK and re-list. I’d be up a small fortune with them

Well it’s worth 40p, so a steal today. Looks like some whopper buys needed to be filled - hopefully it’s can break back through 6p and settle around the 7/8p until we hear about how peace negotiations progress

Been filled…….

Happy to wait as this gets cheaper tbh……..made me a pretty penny, so patience is key.

X 2 400k buys filled - gapping up

Gap fill complete - should now try head up and break through 26.3 then we are set for 28p

Should get a strong bounce from here………positive well data and 60p+

Guys chill does it matter who bought and who sold and for hold much. I had to detail my summary for Anton and the truth of it is that we all buy and sell in the hope of making money, sometimes things goes great and others not so much. I was once told so long at 6 out of every 10 trades go well then you’ll be fine - also never knock a profit, however big or small.

Good luck everyone

@Ripley I’ve traded everything - otherwise I’d lose sleep. I keep free shares when I make a decent return, or simply liquidate and wait for a retrace and rinse and repeat. I was here about 5/6 years ago when this went to sub 9p and loaded up and exited in the mid to late 30’s……only to see it go to 65p. I then more recently bought around 20p and then loaded up again around the 12/13p mark and then we had the story of an expression of interest in the business and I sold everything at 21/22 I think. Then I used profits to re buy at 16p then have traded the 10-12p mark and taken the cash. Obviously this week at 5p saw this as an excellent opportunity and yesterday at sub 4p it looked way overcooked. What makes this situation unique in my view is that with 4 billion debt and with Uganda and Kenyan assents the creditors were happy to refinance at higher rates back in 2020 and the hedges in place then with arguably higher production was around $37. Tullow navigated Covid sold the family silver in Uganda for 575m Kenya for a total of 120m and impacted production by selling Cote Ivory for what 100m also, but that debt in 5 years has worked it’s way down to $1B net (I’m knocking off $200m for the sum that Ghana currently owe the business). The oil landscape is far different to 2020 and even the pessimistic outlook is $58-62 a barrel and some have it at $68-72. We have a production well that will come online by year end and 3 production wells slated for next year. The Debt as it stands needs to be refinanced by May 2026 and if an agreement can’t be made then a roll over and standstill agreement will be in place. I think Ian Perks and Co know they need to boost production from TEN and Jubilee and they will focus on that the rate of production is acutely impacting renegotiations. The 50m saving in overheads over the next 3 years will benefit the bottoming line and the silver lining if there was one is the court case for $257m with the allegedly faulty pipes. I didn’t even know about that until yesterday and JMAX’s comments. I think if there was a settlement at $80m on the table they would accept that. Oh and the cherry on the top, if there is such a thing is production royalties from Total’s production in Uganda that commences imminently and that will bring in ).75c - $1.5 a barrell if the oil price is above a certain level - I think its 72-73 dollars but with 100k production that will be a nice passive income that brings in $25-40m a year.

Things aren’t rosy but I do see value here at these levels

@PJ don’t deny what you are suggesting in terms of recovery - I see the same, but always take some of the table after a strong rise so you can buy again when the MMs decide to play games