Member Info for somm

They said end of June to have A5 fixed.

Yeah, plus news due on 151 well depth and work on the A5 well commencing.

Nice little £20K buy this morning, someone's positive.

Anyway thought I'd add some positivity too.

The share price will have gone ballistic by end of July.

:-)

Bobbyrash,

Could explain how you get $35M in revenue per year.
I.e. $ per barrel of gas * barrels per day = $? * 365 days.

Same for our oil, approx 500 barrels per day when they start pumping again.

Then what is the nett profit?

As much as I want this Phoenix to rise your numbers look way out.

38,435,980 shares sold.

20m
11.1m no doubt part of that.

Strange they sold the day before meeting?

That's what kept the share price down on the day then?

With c. $600k worth of oil sitting in storage waiting to be sold and $1.5m + freed up in interest payments this year, plus sal/fee cuts etc. and having identified 5/6 Prospects on TA I want to hear news of the next spud on TA as that's why I'm here.

So come on MH let's get cracking!

'' these developments provide the Board with renewed optimism ''

Not half!

Scarface don't talk like a ******.

A5 news shouldn't be far off re replacing the cracked pipe and 151 well depth update.

Also news could be out next week re capacity licence granted to boot.

Acid treatment on the way yet?

Bottle neck of news to be cleared soon and ........pop!

There's no way all those sells are actually sells and are highly likely to be buys, the price is too high to be a sell.

One of my top ups yesterday (174k) was shown as a sell when it was a buy.

Don't be fooled.

That 1.4m was a top up along with the 174,468 @ 16:11 which shows as a sell when it was a buy.

With the A5 well, deeps and 151 news not due for a while I reckon this mornings rise is just a natural rerating as our oil production has risen some 50% and the capacity increase could be much closer to approval.

Covid-19 cases have risen to 6,751 with another 311 added in the last 24 hours and a total of 35 people have died thus far.

I'm guessing with virus cases increasing we won't get the acid treatment for a while yet with cross-boarder travel still limited, but hope I'm wrong.

We should know next month who's in runningvfor tlw's 20% stake, I'm hoping the Chinese will make an offer for the whole 50% - could be if Total are asking too much for their 12.5%.

Good thing is though Total won't let their 12.5% go for a song meaning the buyer will have to match the Total price for our 20%.

RNS on Monday?

The A5 wells production rate dropped from 3,500 bold to 1,500 and then to 100 because of the cracked pipe, which will be replace next month, therefore July should see an uptick of at least another 2,000 bopd with the 151 well coming online next month.

Acid treatment should be here soon so another three deep wells to consider next month each being put on flow testing for 90 days to boot.

New CPR year end. Imo.

Only forward problem is where to put all this oil. Lol.

Obviously a new pipeline will have to be constructed and paid for next year with some dilution to cover the costs. If all goes to plan they will have to increase the tanker loads to 30+ @200 barrels each (maybe 300 barrels trucks if available to keep the cost down) or shut the wells in until the pipeline has been built.

It's been a long time, but I see the end of the true beginning this year.

FT today - 13 May 2020.

"The 20 analysts offering 12 month price targets for Tullow Oil plc have a median target of 27.73, with a high estimate of 190.85 and a low estimate of 0.8156. The median estimate represents a 8.07% increase from the last price of 25.66."

Work on the Ntomme-9 production well continues and the well is expected to come on stream in June.

Should boost production to the higher end of 80k bopd.

Does anyone know what the flow rates were?

''Heron Reserves Report now successfully completed. The next step in the process involves the Reserves Report being reviewed by technical departments in the Ministry of Mining and Heavy Industry after which the Plan of Development''

Once the RP & PoD have been completed (next month?) I'd guess partner/funding will be the next news thereafter. I reckon this will take a few months yet at least before we're even close to starting production/ new well. imo.

Plus we're limited to 2,300 bopd capacity atm. I'd guess they would argue this with the 151 well coming into production next month and the deep wells/ A5 thereafter re not being able to produce at full rates.

''New Well 150, the first of the MJF infill wells, continues to produce at rates in excess of 500 bopd. This increases aggregate daily production to in excess of 2,000 bopd with the capacity to produce up to 2,300 bopd once the licence upgrade is approved, which would allow full production to resume at the South Yelemes shallow structure.''

Sell 28p

Buy 24.25p

?

"Work on the Ntomme-9 production well continues and the well is expected to come on stream in June"

Does anyone know what the flow rate is expected to be?

And what TLW net share is?

Thanks