Member Info for StanleyPro

They must communicate, the repayment of bonds is the most significant factor influencing the SP. I'm not happy with a hand-waving argument that debt is now higher and that's why the execs are in a rabbit hole. It would be at least good to know how much was repaid from generated cash and how much was drawn on 1st of March.

"But anybody explain if its worth buying at this price or if we see 10p."

Better 10p than at this price: you get more shares for the same money! TLW is a drifting ship without a captain. What's it worth now, 200m? Does anyone fancy an oil business for 2 months of its revenue? Pathetic! Just shows the depth of problems at Tullow.

Seems that many traders are out, so the SP can start moving towards £6 :D

Rahul has left so he can now sell his shares under the radar without notifying the market.

Haven't topped up since high 20s, just watching it drift lower and lower. Don't think it's the bottom simply because the SP chart doesn't look very pretty! Would be interesting to see if we get some action in the 14p area, but without any real interest 8p could be on the cards. I've stopped looking at fundamentals because it's irrelevant with such incompetent management, also voted against the reappointment of RM and one or two other regional heads last May, 99% of you voted FOR. RM has made it to an interim CEO position, totally against my prospect. Why is taking them so long? We desperately need new CEO, CFO and new people in other key positions.

90% is too high for a buy back. RM hesitated 2 years ago when they were at 60%

Why hasn't Gavin commented on this sudden departure? That's unusual.

At the pace of IAG we should be at 11 quid already.

"During the period you refer to - TLW stated that they didn't have a single offer for Kenya"

And how's that connected with your 10p nonsense? They still haven't got an offer for Kenya after all these years because there's no FDP in place, just oil in the ground that cannot be extracted or sold!

"Total only wanted Uganda". Perhaps, and paid 5 times more for it, when according to your narrative they could've had all other fields for just 10p. So why not keep Uganda, save money on the deal and e.g. sell Ghana to KOS?

Jmax, you couldn't be more wrong with your narrative that "nobody wanted Tullow at 10p". First of all, Tullow has never been up for sale for 10p. If you're referring to a global fire sale in March 2020 then all businesses were focused on preserving cash and the stock was trading at around 10p only for a week or so before bouncing up, so obviously somebody wanted it! It's like saying that nobody wanted RR. at 37p or Elementis at 20p. Secondly, you're viewing stock valuations from traders' perspective because you're purchasing or selling very few shares... Say at 18p, maybe it's possible to buy 1m, 2m or even 5m shares right now but how are they going to get the remaining 1,45bn? Why did Total negotiate a 500-600m deal for Uganda in 2020, if they could've had it all for 145m @ 10p with Kenya, Ghana, Gabon etc.?

You can have Jeffries, Barc or Jmax ratings but at the end of the day the recipe to get the SP to £1 and above is well known: i.e. oil production at 75-80 kbopd, debt below circa 700m for a healthy gearing (small / medium oiler) and some successful exploration + communication with the market.

Unfortunately, the debt situation is not getting better. They couldn't generate enough cash to clear the 25 notes and now have to use the Glencore credit facility, which also means paying higher interest from March. We need Kenya FDP badly, to be able to sell it to get rid of debt, shorters and creditors.

Are you sure those are 2023 figures or up to date 2024? From November 28th trading update, Tullow averaged 62kboepd up to date out of which 6,5k gas, which leaves us with ~55,5k bopd. As we all know, Jubilee production has declined since so one would expect a lower figure for 2024 full year, but only marginally lower (accounting for one extra month of decline since the update).

If Kenya FDP is approved, Turkana could probably go for several multiples of the current mcap.

KOS is currently in the blue, they must be on a different Jubilee field or the production data has nothing to do with the SP action.

Savage, surely the macroeconomic risks apply to other UK airlines too. If you think EZJ is underperforming as a business and the SP is currently above your estimates, then what about IAG? Must be below £1,50 using the same logic.

Thanks @Jackgilroy, now I see, those are on page 2. On average. 77,886 per day

Hi @Rhd3, where do you see this? Petrocom hasn't published anything since October 2024.

Algo monkey picked up on "61m loss"

Slim. Hopefully, a blue finish