Member Info for MaverickD

Looks like 27p is the next stop………28p would be really good today. Those 400k worth of buys explain the reason why the mms took this down to fill those buy orders

Thanks this info is helpful

The buys are coming in - not long before we break higher - agreed Oily

557k buy just filled 8.92 …… gonna break through 9p next

Next tick up coming there are some big buyer out there for this right now…….Ian Perks may well be about to pull the bunny out of the hat……Brent being kind too - the mood has shifted

This is rebounding as we have seen some funds use the news to close out any open short positions - I bought this morning

Payments will be dependant on oil price…….can’t estimate the income just yet, but suffice to say their will be an income stream

Tullow has a 50-day moving average price of GBX 10.65 and a 200-day moving average price of GBX 13.42. Tullow Oil has a 1 year low of GBX 9.01 and a 1 year high of GBX 27.98.

Recent low tested and gap filled…….structure points to a reverse back upwards, but that could be limited to 10.4p - we appear range bound

Contingent payments will need to be made soon and why make the payments when you can acquire the business. Also now with Ian in place you have someone with history having worked for Total. Potential tax write off too….I wouldn’t know, but Total is a different animal to Kosmos.

250k buy just filled at 10.21…….

Rumour floating around that Total maybe interested in buying Tullow? Any news on that front? I know that contingent payments from Uganda should start fairly soon with Lake Albert starting production. Ian Perks has also worked for Total…. Could the length of time taken to appoint a CEO be linked with this scenario. Could be very interesting

@Jim I use a combination of data and tools to establish entry and pivot points, but news for any share will blow charts out of the water. Nice to see this having a go at 70p……my target to look at is the break of 74p

Fair enough Jim……not kept up with the history, but acknowledge that KRG haven’t always been as forthcoming, but with pressure from The US from July we now have the taps open and money heading to the KRG’s coffers. I believe the SP has been a nice gap fill and I know I have said that since 70/71p but looking at technicals this is about consolidate back higher…….(just my view). The bid is slowly ticking up and I feel we have some buyer filling at this level.

Update is not far away and with Oman and Somaliland also on the agenda all holders could do very well. MY expectation is to hear of financial redress agreement and from there joining the other IOC’s. Like you say all at mercy of the KRG, but suspect all parties want this to succeed.

Jim you were the one saying the pipeline wouldn’t reopen anytime soon multiple posts saying that. Now when discussions regarding payments are happening you throw water on that too - the IOC’s need payments and KRG needs oil to obtain money from Iraq - basically everyone requires each others co-operation and hence the firm belief the agreement will be made. DNO being the biggest producer is key to ramp up export and therefore once the KRG actually have money they can discuss distribution.

Also another point you keep stating is that Brent price does not impact GENL because sales are set in the domestic market I do believe that as the oil price goes up so do the player in the sector. This little blip isn’t limited to GENL, GKP, Enq, Tlw all showed similar weakness but looks like oil is edging higher……$66+ as I type. More than likely linked to Russia and Ukraine tensions last night

Not so sure about that, we are seeing quite a lot more volume today and the price appears to want to go up after finding a base. I have been adding, as I am of the opinion that DNO will have an acceptable deal negotiated with the KRG….

I’d imagine discussions would no doubt be taking place, although I couldn’t find anything recent online. I do know that the SP has been consolidating last few sessions and it has bottomed out. Waiting to see a move higher to break through 74p

Looking on twitter as I know they release news late in the day…….but that coupled with news like that and we are back on track!!! The bid and offer has just been bumped higher too

Bullish signal just flagged - taken a few sessions, but looks this will want to head back up…….waiting for the mms to play with the offer

Volume is big…….lots of buys are building up