Member Info for Supercooper

I think the board must be confident of a positive ruling on this. They've given Rahul the push before the ruling as it would be difficult to sack him after a positive outcome. Also it will be difficult to attract any CEO of any worth with a 300mln judgement against the company. Lets see next week............................

BTW - Rahul walked the plank!!

Krakenoil, you're obviously a depressed ENQ shareholder looking for consolation in de-ramping Tlw. You're wrong on both counts :)

$196mln H1 after tax profits says Tlw can cover the cost of o/s debt

$2.8bln down to $1.4bln says Tlw can reduce its debt

Yeah - that all Tlw needs now. That should bring our effective tax rate to 99.99999%

Apologies - double post

These things are rarely done sequentially and Rahul being pushed has probably been on the cards for some time. If the Board hasn't been sounding out possible replacements already, well then they should go as well. But as one that has called for Rahul to go, I can put up with short term volatility in order to get a growth strategy adopted and implemented.

These things are rarely done sequentially and Rahul being pushed has probably been on the cards for some time. If the Board hasn't been sounding out possible replacements already, well then they should go as well. But as one that has called for Rahul to go, I can put up with short term volatility in order to get a growth strategy adopted and implemented.

Lets hope it's not a precursor to more bad news

Wow - was that the reason for the SP rise??

Ah Bless! How long did it take you to come up with that scenario. You're hilarious :)

Of course its a leak - the LSE is corrupt as hell.

Undoubtedly a leak on the arbitration case but as was said already, no announcement until after elections. The higher the SP goes, the less impact the confirmation will have.

Just a point of clarification - it's the branch profits hearing that is about to be decided on. The allowability of finance costs is for another day (sometime in 2025 I believe)

Just to complete the conspiracy theory - Our Sam is founding chairman of Petrolin who owns 14% of Seplat :)

Flavius,

You missed out an important part of their name - "Sustainable Capital Group" who provide finance and promote clean energy. I would be suspicious as to why they would buy a stake in dirty O & G company

Ok TQ - given some of the posters on here, you may see why I was quick to take you literally. However, I agree there is always a worst case scenario to be aware of and Tlw is a high risk play.

TankerQ,

The "Drill baby drill" scenario would imply producing substantially more oil into an already depressed market, thereby forcing the OP down to this speculative $50 per barrel. What's the incentive to produce more and generate the same or less revenue? The shareholders in US O&G companies have demanded cost cutting and increased returns for their continued support. Not sure they want a repeat of 2020. Saudi Arabia has already shown how they can the tap further and bring the OP to a minus figure. Don't think they need to repeat that exercise.

The fact of the matter is that the IEA and EIA haven't got a clue week by week, never mind predicting a year ahead. What I know is there are too many vested interests including the oil men who helped get Trump elected, Saudi Arabia trying to re-position its economy and Putin funding a difficult war for any of them to just keep pumping oil down to $50 dollars a barrel. But I'm not going to try and predict where it will be next month..........

TankerQ, a reasonable synopsis of the Tlw landscape, however, I would say that given we have just recorded 196mln after tax profits for 1st 6 months and FCF 150 - 200mln, we are not in the perilous spot we were in 4 years ago. Of course the 2026 bonds will need to be re-financed in 18 months and so they have an upper hand unless Rahul can finally come up with a few growth strategies. To date all he has done is talk about them.

Didn't expect anything better. I said in January it looked like Rahul was taking 2024 off, and so he has. He is pretty good at spin though - net debt at year -end 1.4bln with following FCF caveats:-

The final position within the revised range for 2024 will depend on realised prices of four cargos yet to price, progress on receipt of the overdue gas payments from the Government of Ghana (currently c.$40 million outstanding) and working capital movements.

Already preparing to disappoint for the January update. He delayed the November update as the tax case was the only potential good news to report. Still drawing a fat salary. He's got to go.............