Member Info for Scoobydriver

Comforting that latest numbers were based on $80 a barrel and we're almost 20% higher... Even a drop back to $90 and we'll still be generating that fcf in abundance

Possibly an easy 3ish% profit for anyone day trading...wish I'd done the same now.

Was watching news last night and one of the main stories was the rise in Chinese car production and how they expect to overtake Japan and Germany... No surprise then that demand for oil in China is strong, ironic that it's in part driven by the demand for ev's

That's the way I see it Harry....Been a case of "what's just around the corner" for a wee while now. After holding through the ups and downs selling up and moving on when there is clear light at the end of the tunnel possibly the wrong move.

Good point adieuk... Looking ahead I wonder what the board might chose to do with all that fcf. Hasten debt reduction, introduce shareholder returns, perhaps both. Not long to wait, 2024 just around the corner

Following Wednesdays update and potential profits based on oil remaining at $80 and above for say the next 12 months, and production stable at forecast levels of bopd... Interested in others thoughts on when they think the board might see fit to reward shareholders with a divi. Do folk think it's more likely any "free cash" is used to further reduce debt going forward, do we think there's the chance of a token shareholder return of even a modest amount... or does anyone think that there's a possibility of a sizeable return ( say 5p for eg) within the next 18 months.

Correct Harry. Kenya isnae going away....I'm more than happy that if oil remains at current levels we concentrate our efforts on maximising production / uptime elsewhere and "harvest" some easy money.

Ironic that today we see the likes of hbr rise whilst we drop in sp....can't last forever, and like you says, with tlw basing numbers on $80 oil then it can only help reduce our debt, raise our fcf and increase our sp.

Well pointed out Dannycat... Whilst annoying at times, holding a volatile stock is exactly that, Volatile...with a projected 800m fcf not that far away, then the potential for a much higher price and shareholder reward is highly likely.

Harry, that would almost be a miracle after that early morning plunge.. But miracles happen, and in the world of manipulation nowt would surprise me. Certainly long term tlw in a decent place

Bang on tango... You cannae compare uk oilers with the likes of tlw. Same industry but totally different animal due to UK gov tax as you point out.

We've aw done it and been there Anton... Sell on a big drop only to buy back less shares once it's quickly recovered. (I have anyways). Only annoyed I did not sell up when it was only down 1.67% at one point on the "Gabon News".. And scoop up an extra 9% total holding following the "no impact on operations" good luck

Bang on....its all looking very positive for tlw just now, even the events around the comical sounding Ali Bongo failed to dampen the enthusiasm

Touché Anton... Touché lol. Nice one.

Exactly starboard.the king is dead, long live the king.

Just the latest buying opportunity in the roller coaster world of the stock market. Sadly no more spare funds to top up benefit when things settle down and "normal business is resumed"... Which it certainly will.

Lol. Scrodingers...that mage me chuckle.

Selling everything at £1 for me is like going on holiday to the Himalayas but going home after you've taken some pictures in Nepal

Hopefully a topic Rahul touches on at September update and "stops the noise" Orangeman... I just keep looking at the director deals, and the amount of £ they have recently stumped up to remind me why I'm invested here and 100% relaxed about where the company is going

Bang on JM, more than double the forecast and higher than previous week. Looking at the recent eia history there's been quite a draw going on. Like you, I expect that supply to lead to higher prices and increased tlw sp going forward.

Like blowing up a big balloon....that wee bit of calm at the maximum amount of stretch, just before "cabooom" lol.