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Anton most of this chat room did the same until we all found out by Tullow through the media, Oil production is safe and is not affected in anyway. If you are lucky you may get a short dip to 33p and you can buy back in. its only a few % lost

Assala Energy, which current owner Carlyle has agreed to sell to Maurel, said its oil production in Gabon was unaffected.

Tullow Oil also told analysts its production was continuing as normal.

"Note Gabon production represents around 20% of group production. However, assets are based offshore and importantly oil revenue is dollar denominated," said Investec's Smith.

https://www.lse.co.uk/news/TLW/europes-gabon-exposed-stocks-slide-after-military-coup-szntkdq5scmbvio.html

- Tullow Oil shares have dipped after soldiers declared a coup in Gabon, although the oil-and-gas company has said its operations in the Central-West African country are continuing as normal. "Our operations in Gabon are currently unaffected by the ongoing political activity and production continues as normal," a spokesperson for Tullow Oil said. The FTSE 250-listed group said it will monitor the situation closely and work with field operators as necessary.

https://www.morningstar.com/news/dow-jones/202308304936/uk-net-mortgage-approvals-fall-as-interest-rates-remain-high

Sp will spike back to 36-37p as soon as Tullow confirms everything is ok.

Assala Energy, which is wholly owned by Carlyle Group (CG.O), said its oil production in Gabon has been unaffected by the military coup in the country.

"We can confirm that all our personnel are safe, our operations continue as usual and our production is not affected," a company spokesperson said.

https://www.reuters.com/world/africa/gabons-assala-energy-says-oil-production-unaffected-by-coup-2023-08-30/

I realise this is political and not about danger.. no concern for the rigs safety as they are in the ocean. however i'm now concerned about 14k bopd oil supply disruptions and market reaction because the borders are all closed. i'm so angry.

@anton eramet is down 15%, don't want to see tullow back to 28p in a flash. im so stressed out ! one stupid announcement from tullow that operations has halted. how does oil trade work now with tankers in/out when all the borders are closed ?

Im so annoyed !!. looking into it "Gabonese security and defence forces, announcing the election results were cancelled, all borders were closed until further notice and state institutions dissolved." Is this going to effect tullow ?

I have taken some shares to be safe

https://www.theguardian.com/world/2023/aug/30/gabon-coup-military-takeover-gabonese-election-disputed

Military cant take the oil, it's only 14 bopd anyway. stupid comment.

These numbers are from 8 analysts see for yourself https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares/future

If we hit $329m earnings end of this year, that is a massive Jump from $49m from the year prior. Valuation at a tiny x6 earnings ($329m) makes our market cap jump from $537m to $1.974b. around a £1... some people may say that's a big jump. actually no. it's a recovery, nothing new at all for Tullow. we used to be £2-3 a share from 2015-2019. Tullow is now aggressively paying off debt and increasing oil production and getting its act together. wake up people. Tullow turned the ship around and now we are steaming ahead in the right direction. Oil at $84 is even higher than expected from all our forecasts. Tullow is in a Very good position that's why the sp is going up and up and up. It will continue. TULLOW DOES NOT PAY UK WINDFALL TAX !!!!

Tullow is the Best stock in the FTSE for high oil price stock recovery.

In September we are entering back in the FTSE 250 and in 3 years no doubt will be back in the FTSE 100.

Great tullow is entering into FTSE 250 next month.

https://www.google.com/finance/quote/TLW:LON?window=1M

Wow Oil Long positions increased from 54% to 56%.. its going up and up

see for yourself

https://www.dailyfx.com/crude-oil

I notice a large build of Long Positions on Oil. its now 54% Long and growing

https://www.dailyfx.com/crude-oil

Hopefully we can push past 40p in the coming days. Let's get back to fair value asap.

Interim Results 13-Sep-2023

We long term holders are not that excited about 40p sp, Tullow SP is recovering back to where it should be.... 90p is more like it for today's valuation. year end analysts forecasting we should be posting 330m post tax profit which x6 p/e for valuation is 1.8billion-2.4 billion market cap... we are only 500m !!!!!! https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares/future

Tullow Oil also worth a look, sp been rising for months now, they are heading back into FTSE 250, don't pay windfall tax huge x2 x3 sp upside with rising Oil this year

Tullow doesn't Pay windfall Tax. Best Oil Stock for High Oil Prices. Let's Get back to 90p

Key points to note - Gross debt reduced by c.$266 million in the first half of 2023 through a combination of the 2025 Notes purchase and annual amortisation of the 2026 Notes. Net debt at the end of the first half of 2023 was c.$1.9 billion and is forecast to be c.$1.7 billion at year-end.

Very important - · Free cash flow of negative c.$100 million in the first half, in line with expectations. Significant reversal expected in the second half of the year, with c.$200 million free cash flow generated at $80/bbl. Full year free cash flow guidance remains unchanged at c.$100 million at $80/bbl.....But Brent oil is above $80 !!!

Over one million shares purchased by Tullow Directors in 2023

Oil production is going up and up !! Jubilee field following the recent start-up of the Jubilee South East (JSE) Project, offshore Ghana. Gross production from the field has surpassed 100,000 bopd, after a second JSE production well was brought onstream. Both of the JSE wells are performing in line with expectations and have increased production rates by c.50% compared to the first half of 2023. Two further wells are on track to be tied in during the remainder of the year !!

For the long term worth noting that all remaining hedges drop off in May 2024 so 2024 profits will jump again

long term debt will be reduced, profits will skyrocket and SP will follow.

see what analysts say: TLW £0.36 is trading below estimate of fair value £0.90

https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares/valuation

Https://www.youtube.com/watch?v=kGmzmvAi5Hk

$100 Oil would make Tullow Sp Skyrocket.

EPS is expected to grow by 38.9%

Return on equity is forecast to be 62% in 3 years

TLW's earnings 40.4% per year are forecast to grow faster than the UK market (10.6% per year)

Future ROE: TLW's Return on Equity is forecast to be very high in 3 years time (62%)

https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares/valuation