Member Info for Starboard

Even if the undrawn $500m is available at the same rate as outstanding debt, TLW could use it to offer a buy back of $1bn of existing bonds, and institutions holding those bonds will have no choice but to take the offer because of the lower credit rating. TLW could reduce $1bn in debt to, say, $600m, at the same interest rate, possibly even lower.

Arthur_Chance, member since yesterday.

The Kanya decision is imminent and that's in the public domain. A director buying shares means TLW don't currently know what the decision is, if one has been made.

I believe he's virtue signalling and fully intends that every last recoverable barrel of oil is pumped, even if he doesn't intend that it be used in Kenya.

DB,

Please name some books that correctly explain how the market actually works.

Thanks

Gogadget

Click on the "Filters" tab above the chat, enter the username you want to filter and press "Filter Chat." Repeat for his other usernames.

That's exactly the text of a post by one of the loony filtered brigade that appeared a couple of times not long ago. Seems NSV wasn't satisfied with 3 accounts and has opened a 4th. Filtering Transhaven.

Also, the value to the Kenyan gov is $8 Billion, not $8 million.

"Experts quantified Lokichar Field Asset at 472 million barrels recoverable. Kenya carried interest of 22.5% in the production sharing contract. The country stands to earn $8 billion at the current rate of $80 a barrel. - National Oil Chairman Kiraitu Murungi".

It's as if the author was deliberately trying to undermine Tullow.

This article is factually incorrect.

"Investors pulled out of Tullow Oil, forcing the government to invite other capitalists to fund the country's oil exploration plan."

Investors did not pull out of Tullow, partners in the asset wrote down the investment, to Tullow's benefit:

Africa Corp, a Canadian Company and Total Oil are the companies which exited the Kenyan exploration market in May 2023."

Not according to this site. What is the source of this statement?

Total and Africa Oil walking away having written the field and their development costs down to $0 does not shout "This is a very valuable asset and anyone who wants it will have to pay dearly". Potential partners/buyers know TLW got half the asset for free, and can't afford to develop it. If one of the two mooted parties drops out, the other will hold TLWs feet to the fire.

The minority partners gifting their stake to TLW doesn't exactly strengthen TLWs ability to get a high price, but I think they'll get a good deal, along the lines of getting back development costs, possibly in a lump sum, a modest payment for the field, and possibly a small stake or royalty. I think they'll use the lump sum payment to buy producing assets, and use them to pay down the debt per the current schedule. That way, they'll be debt free, have much higher production levels than today, and maybe royalty payments.

Anton,

I don't believe that would be insider trading. if it was, all trading by directors would be insider trading.

"As investors, we're playing poker... not chess.

Plenty of ... companies use a barrage of announcements to distract from "weak cards." One warning sign we look for is an overabundance of press releases – with little to show for it."

I'm not just entirely unconcerned about a lack of RNSs, I'm positively encouraged by it.

To be a successful investor, you need to be able to stomach a 50% decline in sp and not sell.

For insight into where all commodities are going over the next decade, I watch a guy on youtube called Finding Value. The long term charts he analyses all point to monster gains for commodities over the next decade. $70 oil will be a distant dream in a few years, when fundamentals trump sentiment rooted in a wishful and misplaced belief in the rate of a transition to sustainable energy.

In the post no-earnings-billon-$-tech-company era mania, real physical things, like gold, oil and uranium, will resume their rightful place on the value throne.

MAGA

Please sober up and get the facts right or don't bother. Your ignorance is breathtaking.

MAGA: "world-wide exploration expenditure as gone through the roof"

Reality: https://www.gisreportsonline.com/r/oil-gas-investment/ "A 2022 study by Goldman Sachs claims that because of investment delays in oil and gas projects since 2014, the world will lose 10 million barrels a day (or another Saudi Arabia) and 3 million barrels per day of oil equivalent in liquefied natural gas (LNG) (or another Qatar) by 2024-25. “In upstream oil and gas, the industry at the peak was spending $900 billion per annum, which troughed at $300 billion in 2020, so a two-thirds reduction in apex."

MAGA: "As a high cost shale producing company..."
Reality: Shale patch operators do not produce shale. They produce oil by fracturing shale. Tullow is not such a company.

Agree it's upside down. They also removed a post of mine along the same lines. They clearly care more about number of posts in a thread than the value of the service to users; boosts ad revenue. Ultimately I guess TLW investors will go elsewhere to share views.

To the contrary, my post about him potentially causing real-world harm has been removed.

TRM,

My apologies, Shaw short interest had not updated on LSE by the time of your post.

TRM,

I see you've decided to join the confederacy of dunces who post statements like this without referencing any evidence or source. Do you do this in the genuine belief that other members' intellects are as challenged as yours, and won't ask any questions?

You and BigN could be friends; you certainly have a lot a in common.