Member Info for Persiantrader

Sounds like a positive "wink wink" "nudge nudge" RNS ... some big news to follow it seems. are they selling an asset ?

I'm just seeing tons of Strength in Oil Price.

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

Tullow normally sits in the 30's with $80 oil. im super positive. adding :-)

Also in 11 months the other 40% low oil Hedging finally drops off.

Analysts say 2024 will be a good year. you can see this on the charts. take a look at the future charts.

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

Is it just Kenya FDP and Hhana Gas ?

What did dong the urologist say to persiantrader when he got angry

Urine trouble

Why are urologists selfish?

Because they're all about number one

(this company is shorting tullow)

The hedge fund firm founded by multi-millionaire hedge fund manager Crispin Odey is understood to be being investigated by the City watchdog. The news comes as a Financial Times investigation accused Mr Odey of sexually harassing or assaulting 13 women over 25 years.Conservative donor Mr Odey is one of the City's most well-known figures who backed the Brexit campaign.Odey Asset Management declined to comment.The allegations made by some of the women are of a very serious sexual nature.

It is understood the Financial Conduct Authority (FCA) has been investigating Odey Asset Management for two years, although the details of the investigation are not clear and the FCA has declined to comment.JP Morgan, one of the banks providing services to Odey Asset Management, is thought to be reviewing its relationship with the company.

https://www.bbc.com/news/business-65849544

Maybe they want to add harassing Tullow Shareholders also.

Anyone know ?

If (im saying if as we are all waiting) Kenya gets approved next month you know we will be pumping another 120,000 a day in 2 years ? 120,000 x $77 x 365 is a lot of money. and if/when we get approval then getting a partner will be easy

there are so many articles on this today (gated) https://www.theafricareport.com/311864/tullow-ceo-still-confident-on-kenya-project-may-target-new-african-jurisdictions/

https://www.zawya.com/en/economy/africa/kenya-needs-to-invest-more-in-oil-facilities-to-tap-8bln-revenue-p24ae0n4

Kenya stands to earn at least $8 billion from the Lokichar Basin alone, which will be sufficient to cut borrowing significantly.

The Lokichar field asset is quantified at 472 million barrels recoverable, the report said.

Last month, London-headquartered Tullow Oil said it will take full control of Project Oil Kenya Development following the exit of two joint venture partners, Africa Oil Corp and Total Energies in blocks 10BB,13T and 10BA in the South Lokichar Basin.

https://www.kbc.co.ke/murungi-calls-for-investment-in-oil-production-to-tap-ksh-1t-revenue/

We are just waiting for approval. thats its. could be next month

The average price in 2023 so far is $82.50

FACTS: $800 million of free cash flow at $80/bbl in the period 2023-2025. This will enable us to reach our goal of being a low debt business with cash gearing of 1x or below and provide us with the financial flexibility to pursue value accretive opportunities or consider future shareholder returns"

Really Positive.

Tullow is doing so good at $70 oil. Oil is more stable thanks to Saudi/opec.... I used to have a worry crude Oil could drop to $60's and I understand why some were shorting (really it was a good idea).. but now from Sundays opec meeting Saudi won't let oil drop or stay in $60, it just won't happen. Saudi need $80/$90/$100 oil to fund there giga projects and from what people tell me, they will make it happen. That means tullow will do very well. sp at 26p is crazy, really. I moved all my enquest and harbour shares over to tullow as I don't trust english politics for oil. i will keep adding as i know whats coming. TULLOW DOES NOT PAY WINDFALL TAX !!

"Tullow to pay partners nothing for extra 50pc stake in Turkana oil"

"Tullow Oil, which now fully owns blocks 10BB, 13T and 10BA in the South Lokichar Basin"

"The government’s decision on the FDP, which will determine if Kenya goes ahead to commercialise the Turkana oil, is expected to be issued next month, Tullow says inking a deal with a strategic investor holds the future of Kenya’s Turkana oil project."

"Commercial production from the project is tipped to start in 2026 and is forecast to peak in 2027, at approximately 120,000 barrels per day of crude oil"

https://www.businessdailyafrica.com/bd/corporate/companies/tullow-to-pay-partners-nothing-for-extra-50pc-stake-in-turkana--4258258

"We are on track to deliver in excess $800 million of free cash flow at $80/bbl in the period 2023-2025. This will enable us to reach our goal of being a low debt business with cash gearing of 1x or below and provide us with the financial flexibility to pursue value accretive opportunities or consider future shareholder returns"

average oil is $82.55 for 2023

https://www.statista.com/statistics/262860/uk-brent-crude-oil-price-changes-since-1976/

Thanks for the cheap shares, got 808,000 now. :-)

im holding

I don't understand what people are worried about ? tullow doing super well.

Be Greedy When Others Are Fearful: Warren Buffett

Https://www.youtube.com/watch?v=8Tzecfj3qDw

SP ^^

Canaccord Genuity Group 54p

JPMorgan Chase 56p

Barclays 62p

Berenberg Bank 90p

Peel Hunt 80p