Member Info for StanleyPro

Tullow has spent millions on Kenya and it's costing us around 10-20m a year. Tullow could've increased production over the last 5-6 years with the money wasted on Kenya. They haven't even updated the market that their FDP bid was unsuccessful.

Been out of INDV for a long time now, does anyone know when are they going to move to nasdaq or is it just a second listing? What will happen to the LSX stock?

First, Tullow said this: "the group production was in line with expectations in q1 at about 66,000 barrels of oil equivalent per day" and then said that production for the year is expected at the lower end of guidance, but for what reason? They said TEN is doing better than expected, non-operating portfolio steady, 3 or 4 new water injection wells have come online at Jubilee and gas production expected to be in line with their forecast.

Pulled closer to 4 quid by a giant magnet :)

Sub 30 incoming again?

In 4-5 years down the line

The vast majority of shareholders (including PIs) voted unanimously for RD and to re-elect the CFO at the last AGM, who by the way has been in the team since McDade's days. Those very same execs award free shares to each other and I can't recall them doing anything for the shareholders.

Mid 20s would be overkill

Hello @antonvb, it is very unlikely that we see any development in Kenya in the near future and here's why: Ruto has clearly stated that oil is not part of his long term vision. You know it better than I do, that it's far from a simple project (requires complicated infrastructure) and Kenya needs to make a U-turn before anything coming up on the horizon. The question now should be if it's even worth spending more money for keeping up Turkana? I reckon it would be better spending that money to add another well or two elsewhere.

It has been stuck under 39p for quite some time now, it should pick up momentum we just need a catalyst, perhaps, any half decent news from RD? A positive outcome in the tax dispute.

Hello @Stupmy, what do you think of 380-400 as an entry? I'm reading from a 1d chart that the global cycle will likely take us just below £4.

"· 2024 Group working interest production guidance remains 62-68 kboepd, with the full-year outcome expected to be towards the lower end of the range."

Yesterday, in the news section many financial analysts repeated like parrots: "expected to be within the lower end of the range". In Q1, TLW averaged 66kboepd with TEN being ahead and gas contracts in place until the end of the year. We're currently at the UPPER end of the range with 3 new producer wells and water injection at Jubilee all online.

It's 59k of oil, Jmax

"To re-elect Richard Miller as a Director. 99.91%"

Not even 1m votes against? You all get what you bloody deserve, don't moan that TLW is in the 30s or mcap is a joke after supporting this financial calamity and failure after failure! Ridiculous!

C.59 is just oil, hence the correction to c.66 kboEpd

but why to they forecast the full year outcome to be towards lower end of the range (62-68) if we're currently at the upper end (66) with TEN being a bit ahead, gas contracts in place etc. etc.?

Would be interesting to see if 324 holds mid term

When this will triple, all your traders who sold at 39p would be on the sidelines with no holding, regretting that they let it go for peanuts.

Monopolyman, when did he call 39p? Jmax did not answer the question yesterday. To "dump some" is not a call, he does that at every price level, I remember seeing one similar comment at 37.5p.

No, hold on, don't shash it! The SP is hovering around 39p for the time being because JMAX has not yet confirmed a sell! If there's a breakout he will say that all members of this board are fools and that it was only a sell last time and this time he clearly predicted the uptrend. If on the other hand the SP drops back to 30p, JMAX will brag that 39p was a sell all along.

JMAX, your track record on this board is second to none and as the SP has just approached 39p, could you clearly state if you're calling a SELL again?