Member Info for MaverickD

Jumando…..I have been holding since 2018……you on the other hand have jumped on this and will jump out. I am advising what would make perfect sense. Read my posts I have encourage people to take some off the table as the new warrants will impact the sp - dilution does that along with perhaps a few million coming on the market for sale.

From a long term holder if you are indeed in profit and you don’t understand the warrants then genuinely consider slicing a few. These new posters dont have a clue

Expect an RNS today confirming details of the excercise of warrants

Yes what some don’t understand is that these ones think talking more helps. I think smarter ones would have taken some off the table - having a price above 6p was generous. The warrants create a natural 20% dilution in the sp and also gives Lanstead an opportunity to sell £2m investment, for what will be a 5.8m market cost. Some will get spoked, but just buy to average down then they become LTH’s

Time to slice I think guys……just be careful when the MM yanks the bid lower

So Lanstead get to buy 20% of the business for 2m which is worth 5.3m - they will perhaps look to sell some or have been selling their holding - I have been waiting for an RNS to confirm both. I can see pressure on the sp, but this is mitigated by any positive news. All to play for

Yes some were stating the RNS delay was because the 2025 bonds could not be paid……that update puts a lid on that chatter. New slate for the the incoming CEO to work with and where to focus resources and improve production - for me that TO door is open and the incoming CEO will perhaps provide a clue in where we go from here.

Rahul was an accountant that the banks liked…..he was a steady eddy that navigated a tricky market during covid and we are still here, debt down and paying our debts. The new guy needs to be able to identify where to spend and invest (drill) and potentially who to “partner” with. I think the market has acknowledged that.

It’s making positive headlines:

Tullow Oil has made substantial progress towards improving its financial health by significantly reducing net debt from approximately $2.81 billion to $1.45 billion and extending its revolving credit facility. The company has resolved a tax arbitration in Ghana, which removes a $320 million liability, and anticipates a productive year ahead with new drilling projects and production optimization. The 2024 operational achievements included high production rates from key fields, accelerated decommissioning activities, and robust financial performance with revenue of around $1.5 billion. Tullow plans to focus on cost efficiency and production optimization in 2025, with strategic drilling activities and potential asset disposals to further reduce debt.

Heading back…….great entry

I think any potential “Deal” requires a CEO that can navigate the process…….I am more interested in who replaces Rahul to take the business forward. I don’t believe it will be a standalone entity for long. In terms of opening price - just wait 3 minutes and we all find out no need for speculation, but a far better than expected one in my eyes and the market should see it the same way.

Missed out the word “coupon” 2025 Coupon payment will be made - so no longer a concern

2025 outlook will see a 10% hit on production, although scheduled programmed maintenance should mitigate declines and potentially add barrels over the course of the year. You tend to get an element of kitchen sinking by a business when you have an outgoing CEO. The debt profile has seeen continued reductions and the business remain cash generative. 2025 will be paid and that was my concern, but looks as there will not be a problem. There is some headroom for the incoming CEO to make changes, which might include what assets they elect to dispose of, if indeed any, should the transaction be value accretive……..I would assume any additional investment the new CEO will want to direct to TEN, which continues to impress.

What was all the fuss about? I am reading that and think those that bought in yesterday will do well out of the purchase.

Price appears to be bouncing back up after that little shake.

Well I think this is a buying opportunity myself - shaken a few out and some large orders getting filled. Bring on the update tomorrow

@Brondby volume isn’t low at all…….this is far higher than usual. But we will see what is occurring in due course - I like many have a view

Thats good for you, but nobody calls bottoms or tops perfect…….reading what you have written I know you are talking about load of crock because last thing yesterday the highest sell was 5.9p on the bid…….7p did come along but that was just after midday yesterday. Thanks for sharing your skills at being not so truthful @oldbutnowisa

Is a gap fill and you should see bigger buys take some

I believe we see a recovery in the SP and a move back towards triple digits.