Member Info for oiluser

Anything is possible but is it beneficial during these times, these 2 assets in Uganda and Kenya are trouble. Have been and will remain trouble. Ghana is more stable, because its producing and Total is a big boy. Tlw need to focus on Guyana and Suriname.

If tlw got an offer tomorrow it would be for much less than the sum of its parts and debt considered.

Get rid of the trouble, steady the ship and see where we stand next year

It's been discussed earlier today, I'm glad they stopped spending there. I thought they had already done that....

BP did a deal with enq for SV and Magnus, I'm sure they will do a deal for PMO. Both are UK companies and it will be in both their interests.

Sorry mate, I have no idea what it's worth and it's not an optimal time for selling. The tlw receipts for sale may be tax free as result of the claim also. This was similar tactic in Uganda, settle tax issues and get out. TLW too small for projects like these, especially as operator role.

Captain scarlet, it doesnt work that way. Tlw claim if successful will only serve to encourage the potential buy of its stake to pay more for the stake. Kenya govt wont be giving any cash handouts to tlw. Any potential recovery is a tax advantage to purchase. My guess and that all it is will be the claim to be chopped down to the hundreds of millions, maybe 700/800. That would be offset against profits by the new owner of the tlw stake. I also believe that the total discussed is shared across the 3 partners in Kenya, they will all have an interest in maximizing this figure.

I think tlw and pmo and enq have suffered because of low low volumes. Confidence needs to return to poo. If that occurs with the contract switchover it will be helpful. My gut tells me were through the worst, oil demand rising and supplies falling. Very visible in the Tom kool weekly report

Its called hard negotiation tactics, first the enormous claim that will be chipped away at in a big way but from very high starting point and now the pressure of work stoppage which reduces costs for TLW and partners accordingly and sends a strong signal to authorities to stop flucking around. It's good news.

It goes against all reason that mere traders like ourselves would tie up that amount of cash in protection for the short lenders. As I understand it these lenders demand 1.5 times the buy price to protect themselves from bad bets.

Yeah, yeah

Stored volumes dropping sharpish in the US at least. Look at the Tom kool report yesterday for the nice curves the industry needs

Rosie, what did they pay. .42p per share in placing?. Maybe they have sold half already at in or around 1.2p. We dont know. The dont have to notify unless they cross thresholds. The argument that they took a stake to hold it doesnt hold water.

PS. I got shares in this hoping the RTO has some benefits to target like tax losses etc.

Brent Oil will be 40 by mid June, and possibly 50 in July. Demand rising quickly, production dropping quickly. US likely to be below 11mbod by now, EIA weekly figures are guessestimates.

It wont matter much as the US is now sold on vaccines, over 100 under development. It's as big as oil. Big money going into funding these so cures will be side tracked now. Used in case?

So, we all shut down based on lies. In UK boris was told up to 2.5million could die, in Ireland that numpty varadkar told his people 85k could die, i think trump was being quoted up to 10million.

What's certain is the virus was moving through our communities from late January to late March, that's 8 weeks. Let's add a week to empty the tube. 9 weeks. How many of the UK,s population are or were infected. 10%, 15%. Just asking.

Really alfa, anyone shorting crude in last few weeks is on a losing streak.

Did you know the efficacy of flu vaccine is 6%,

I hope that the number crunchers reviewing CV 19 statistics, look closely at the potential impact of the flu vaccines on the hospitalizations and ultimately the mortality rates with this new virus.

Would you take it Tony and tell me in a year how your doing, please!

Debruce achieved more in 1 post than every other poster shouting the share down achieved. Less is more. Now to find someone with a level head saying the opposite.

This is moving down until volumes change, simple as that. Hey, I own plenty for the long term. Its same over on pmo

Private, sure your the biggest gob****e on here. Your buy price according to your self is 50p. And now you choose to tell people in here at sub 1p it's a dodgy arrangement. Your a horses ass in exact same way as moneymunch is!