Member Info for Supercooper

A lot of aspirational stuff in the update :-

1. Accelerate deleveraging to its target of net debt of below $1 billion and gearing of less than one times.

2. Refinance

3. Inorganic growth

4. Dividends

5. Disposal of non-core assets

Don't know where the cash could come from to address 1, 3 and 4. Also don't see any sale of non-core assets that would have any material impact on debt of $1.45bln. Rahul has droned on about "inorganic growth" for 2 years - not a sign of any deal in that time, just words. The trend of the last quarter's production figures is alarming and the discrepancy between what Stiefel was told and what ended up a matter of weeks later, in the update for 2025 production is also concerning. It makes RG's purchases even more bizarre - 400k of 2026 bonds???

Hi xxnjr, what evidence do you have for saying it is uneconomical?

ONGC backed out of Kenya until there was clarity over ownership which I think is at the heart of the lack of progress. Kenya want a slice of the 50% that Tlw was gifted when Total/AOI withdrew. I also still think there may be a connection to Rahul's exit. We'll see.

I think Rahul bought £100,000 worth of shares - didn't have much faith in his own ability either.

Apologies for double post

Apologies for double post

I don't know what graphs people are looking at but the FT shows this as at least a 4 year low. Coupled with production now 35% lower than when Rahul arrived and over $1bln spent drilling Ghana, I'd say a remarkable record. So why is he still around? Maybe so he complete his 5 years of service and be entitled to more free shares? I want a job like that please!

I don't know what graphs people are looking at but the FT shows this as at least a 4 year low. Coupled with production now 35% lower than when Rahul arrived and over $1bln spent drilling Ghana, I'd say a remarkable record. So why is he still around? Maybe so he complete his 5 years of service and be entitled to more free shares? I want a job like that please!

StanleyPro, where does the cash come from for all of this - the family silver has already been sold.

@Bigsmoke, it could be as simple as that, but I think it implies more - share consolidation perhaps?

Anybody any views on what this might look like?

Lse, I think you'll find its a 4 year low - Rahul is here 4.5 years. What a legacy.

He's had his feet up for the whole of 2024 unfortunately

Doubt if Rahul would be the one to announce any good news. If there is any, it will probably be left for the new CEO to release. Rahul is the past.

Pleasantly surprised the SP has, so far, not been marked down heavily. One thing that I can't reconcile is that Stifel came away from their meeting with Tlw recently "comfortable with their forecast 59k bopd for 2025" and a matter of weeks later Tlw forecasts 50-55k. Is this a deliberate conservative forecast for the new CEO to look good by delivering more??

16p opening price - any takers?

Bless!

What was all the fuss about? Maybe a drop of 10.000 bpd production in 2025. Based on any other forecast he has made, it will not even make 50,000 bopd. They should of put his secretary in temporary charge and get him out immediately.

If only it helped Tlw to find more oil

Redacted, the production numbers are already out so they are not a prediction. There is still a negative sentiment to the sector that is compounding the shambles of the last two months that is Tlw specific. Trying hard to understand why I'm still holding these. Can see SP in teens tomorrow.