RE: Further Shares Issues27 Apr 2020 22:30
RBL facilities is there up to 700million if tlw needs it.
tlw produces close to 76000bopd which is hedged 60% at $63 this year and approx.$55 for 40% of production....
Op ex is below current oil price
asset sales are happening to reduce debt
targetting 1billion proceeds this year alone...575mil is already sold.
Board is keeping tight lipped on kenya and other farm down.
no buys from board means they are in the know.
so no mate. no cash is needed.
it is at all times low.
TLW is less risk now after the uganda sale and new ceo to steer the ship. i think kenya sale will come sooner than people think to give ceo a clearer road. New ceo has links with africa and majors.