Member Info for shamI89

No figure has been given for administration costs, it looks like company is trying to pull wool over invester's eyes.

It looks like it will take bit of time.Zelensky could have saved a lot of lives and his country by not provoking A pshycopath like Putin.He has agreed to pretty much what Putin wanted in first place.

A lot of private investers are being lured into this trap and shorters are using this liquidity to their advantage.

To a blatant short by mentioning it is in talks with all stakeholders about "refinancing" that tends to mean one thing.Until refinancing is sorted it will be shorted heavily.It reminds me of petrofac!

Tullow would still need some money to fund administration costs and exploration costs.At this OP it is just breaking even.

This share is being heavily shorted and shorters wont close until some sort of refinancing takes place.

Not really, I do think management matters, ex Tullow guys built Afrentra from scrach and it is a producer with sizeable portfolio.Kosmos has approached Tullow before but had to back down due to debt level.

Another possibility is Kosmos making a bid for Tullow as two of their major assets overlap and Kosmos can double its production by buying tullow.But Kosmos's debt is far too high and there is very little room for additional debt.

At least £300 millions, current assets are worth less than debt.Equity is toast here.

I cant see any way forward without this money.OP is not looking good either.If lenders extend they will want company to raise money before agreeing to any extension.

Shorters are waiting for company to announce D4E or rights issue.Any strength would be heavily sold into.

All over it.Day traders are being trapped here!

If they manage to increase production than that would give this company some bargaining power.However they need to pay lenders in May 2026 I believe and given how things are there is zero chance of lenders getting paid.It will be interesting to see how lenders react.Ideally production would have increased along with high PO for company to get a better deal from lenders.

Problem is if they amend and extend ,Tullow would need more money to increase production as at current rate there is hardly any money left once you take out interest payments/plc costs and decommissioning and capex costs.Quality management matters, there have been few companies where managements built a sizeable portfolio with no money and later sold them.

It will be a trader's share with large swings.They should have announced rights issue or D4E to save private investets from getting duped into this.

Company could not recover from 2019/2020 but they should have made some tough decisions couple of years ago to save shareholders from this horrific outcome.What I am sad about is that this buisness has been brough down by sheer incompetence.Rahul should have raised more money around 2022/23.He took a gamble on OP but it did not go way he had predicted.

Trump has lowered the OP using various tactics.But for time being it is not going anywhere.

Post refinancing equity would have some value if price of Oil rises dramatically and company increases production.I do think that price of oil has supressed by Trump, cant see it going anywhere until he is around.

Lenders would dictate the price it looks like a lot of speculative money has moved in.Company bought a lot of thes assets at the height of oil boom and in doing do took on a lot ormf debt.

Rahul took a gamble on price of oil, company would have in far better position if price of oil was higher.