Member Info for Romeike

The extent of the drop in oil prices is nothing short of ridiculous.

Is it correct that we are expecting an updated CPR from Tullow/ECO for Jethro before March?

dbno, could be expectation of oil retracing because the sell off is overdone in the wake of the hysteria around a virus with a mortality rate less than a fifth of common influenza and limited travel restrictions.

I hope this now finally sees Tullow on an up trend and then it should be a matter of patience while the share price returns to a more realistic level.

Sell both and enjoy the grand

You mean Libya surely?

Looks like Exxon is putting up for sale a range of producing and exploration assets in Africa and elsewhere.

Also seems sensible to let other operators drill blocks there first which may de-risk Tullow's block

It does look like actions taken by the executive team since before Christmas are beginning to show results. If we can have positive news on Uganda it would be very reassuring indeed.

Almost zero O trades all afternoon

This outbreak is a concern of course, and unfortunately people have died. But there is a lot of manufactured panic going on as well, given the very low mortality rate seen so far. The comparison to SARS is completely ignorant, as the impact on oil at that time was a consequence of China's uncommunicative response which caused the rest of the world to assume the worst. This time China is handling things much more openly and cooperating with the WHO.

WHO likely to say the outbreak is not an international emergency, but if it does then oil will drop further.

We just need an uptrend to 64p and beyond, and this is the sort of news that helps get start that as it gives optimism that things will get sorted out.

I cannot see them selling completely out of Uganda if there is any hope of carry through for the long term 23k bopd share of non-operated, low cost production they will get that will net off Ghana declines into the future.

I think part of me is glad that the board seem to be actually doing something and not just sat on their hands waiting for new CEO.

In theory they could raise over one billion USD from sale, right?

The partner already spent serious cash there and there is production of about 2k bopd

I wonder if Heavey/Boru will buy Kenya project then.

Combined with the "possibly indicative" news regarding close to FID on the refinery in Uganda that will process oil from the Tullow fields, perhaps we will soon find out that Uganda is finally all go.

Dude, they aren't going to sell both of the key future developments - they will sell Kenya to help fund Uganda