Member Info for oiluser

Less in interest payments going forward on that 100mln, good news

Power, sell if you dont like the share. Why loiter about here, if not happy dump and run. Be an adult, grow a pair and move on to a share you think will provide you with the profits you expect

Very interesting how this figure could be achieved, not even in hurricane season with gom closed has such a weekly drop occurred. My guess is manipulation. The main thing to watch over coming months and years. The tier 1 areas are all drilled for the most part, and this will lead to lower production per well and a sharp decline in us production going forward. Not immediate but certainly to be looked at in the next year or 2

Net debt is down from 3+ billion 3 or 4 years ago, massive reduction but came at a cost in production etc. TLW seems to have turned the corner, the production output will increase from 60kbod to 75 or 80kbod. Thats where the big change will come from. Recession talk prices oil at 75/80 per bbl. This bodes well for tullow, the increased production is unhedged too. Kenya, well what's to say. My opinion is keep 20%/25%, sell the rest for cash and a free carry to 1st oil.

The activist investor has apparently rounded up enough institutional investors to block the deal. If so deal done and dusted, unless tullow / cne agree new ratio. And i personally wouldn't agree. CNE have little to offer longer term.

The activist investor has rounded up enough institutional investors to block the deal. Its done and dusted, unless tullow / cne agree new ratio. And i personally wouldn't agree. CNE have little to offer longer term.

How much are tullow giving up, hopefully no more than 30% along with 10.5% from each partner. Whats 51% of this worth? Big difference between 2 and 3 billion. Tlw need an infusion of cash, and whether that eventually goes to capex is irrelevant as it wont be this year. Tullow and co have sunk hefty sums into kenya, and new strategic partner has to assume their portion of the costs to date. Tullow debt too high and static despite excellent oil price.

At very least we know these guys couldn't find a hole in a tea bag. Not the end of the world but if they plan more exploration drilling they should need a new geologist

Your not very good at this eagergnome

Which is about $0.72/share???

@$75 2.5billion FCF by 2025, that's a lot of project!

Why encourage the guy, its probably Jan from enq board who's is still annoyed by the windfall tax. Mind you so am I, but I dont take it out on people

Without kenya

Looking at the movement of both stocks it looks like they got the math balance right, I'd be expecting good things going forward if oil stays above $75,

Looks solid enough

We are registered in UK as oil and lesser extent gas business, but if we are treated differently because of area of operations that would be breat

Can we hope that "hedging losses" will come in handy to offset this government piracy?

Starting to wonder about this share

Well said, I'm doing ok too but there is something a bit odd about the 60p area

I think 60 is a magic number in the algorithm and it's working assumption is 60/62p. As oil increases over 105 we start to drop, is that because hedging accounting losses increase after a particular point. The 50/52p related to lower production and ratio related to hedging. Of course none of this matters on high volume days