Member Info for Starboard

If this calculation is done on a pro-rata basis of amount invested, the 77.5% share after Ghana's 23% is divided 29%/48% in favor of the farmee. So it looks like a TLW share in the high twenties would be fair.

That's $2bn cost recovery from Ghana, plus a share in the high twenties.

0.2% down is a poor day!!?? Please share your other holdings that all do better than this every single consecutive day. I'd love a portfolio of shares that go up every single day!

So TLW will get $2bn from Kenya's production after production starts, plus the income from whatever share they retain. If TLW retain 0% and the project goes into production, they still get $2bn. And they won't end up with 0%.

Haven't TLW already spent $2bn on Kenya? Any carry we get thus won't be free, we simply invested up front while the farmee has yet to invest their share. On the basis of the value of the field, and Tlw's spend to date, wouldn't it be reasonable to expect a return of more than $2bn in Kenya?

Blue,

Shorts are our friends now, since they did their damage when they sold. It's more likely they'll close positions than add to them now with the SP rising, further fueling the rise.

Blue,

TLW is up 55% in 2 months. A small pullback today is not a sign of weakness, it's normal profit-taking after a strong run. Halliburton is also down today, following a recent strong run. Exon and BP are up 1% each, not several %. Oil is threatening to go into the red as I write. Nothing here says TLWs recent run is ending anytime soon.

Gingy,

TLW is up 55% in 2 months. If that's your definition of "hovering", I think you've just betrayed who it is that's delusional here.

Yes, I believe not only that it can, but that it will.

We are up against the underside of a downward sloping trend on the daily which has been in place since Mar 08. It has three touchpoints, not including this weeks three touches. It was to be expected that we wouldn't smash through it, but if we hold here, we could push through, and see 40 very very soon. We could then pull back to the trend in a retest, before resuming the rise onwards and upwards.

I've highlighted before the gap on the weekly from around 130p to around 80p. Not every gap gets filled, but a lot of them do, and a Kenya announcement could get us to 80p.

Anton,

Material information must be immediately disclosed via RNS, even if it means two related RNSs only days apart.

Getting the job done

Better still, today's candle is a bullish hammer.

He could hardly be committing the National Government to work with Tullow if it wasn't a done deal.

Looks like patel, dong, slater, etc, has appeared as JUGEARS on ADVFN, spreading lies and doubt there too in response to the best news out of TLW in years.

At least as important as the material benefit of the increased income and improved ability to pay down debt, this shows that Rahul and Tullow can get the job done.

This will go a long way toward the restoration of confidence in, and sentiment toward, Tullow.

Gingy

"Languishing" is one word that could be used, or "building a base to launch higher" could be a term that is applied. Either way, this share is up from 22p to 29.5p since 17 May. That's a 34% increase in less than 2 months, hardly languishing, and has the hallmarks of the "big boys" position-building in anticipation of news. When it breaks, more will pile in.

Https://economictimes.indiatimes.com/industry/energy/oil-gas/ongc-videsh-awaiting-clarity-on-equity-structure-over-kenyan-oil-field-bid-says-executive/articleshow/101492963.cms

MrM's last post was a delighted response to the deranged, and focused on genitals. Consigning this unhinged person to the bin with his deranged mates.

Why do a few members here continue to engage with, and thus encourage, the deranged Patel in all his incarnations, to the detriment of investors seeking nothing more than to keep up with material developments and share opinions?

I'm serious. Can people who haven't filtered him please explain why they're ruining this board for everyone? Are you just one short step from being a Patel yourself, and feel some deep-rooted need to have him in your life, like he's your kin?

Bluemoon

I disagree, we don't have to "tolerate their games", we can just filter them (him). As most on here do, I believe it's one weirdo using several names. Just need to see all the consecutive green banners popping up at the same time as he logs in under different names in quick succession.

This weirdo feeds on the reactions of those who have not yet filtered him, and are thus encouraging him to stay on here, for the affirmation that he is causing so much annoyance and disruption. He's much like a school bully, who, feeling unloved, bullies in order to seize the undivided attention of his victim and onlookers, so he can, albeit briefly, experience some kind of acknowledgement of his self-pitying existence. That this weirdo seeks affirmation from anonymous posters here illustrates how void his life is of meaningful human contact and love.

Does this mean the directors are expecting news to cause a spike in the share price during the closed period?