Member Info for Supercooper

I have to say that I would not be surprised to see our medium term liquidity outlook as a basis for an acquisition of producing assets maybe as part of a consortium, buying some "Big Oil" asset disposals. Just a thought. The Glencore loan isn't needed near term for Bond redemption and any asset bought would produce its own cashflow stream for future redemption/re-financing issues.

I think he'd keep his options open which is what he's doing. But I wish him luck trying to get any money from the loss and damage fund. It will take years and will be nothing compared to exploiting the oil.

FTSE 250 Additions - We're officially in!

AO World

Asia Dragon Trust

Hargreaves Lansdown

Hochschild Mining

PPHE Hotel Group

Trustpilot Group

Tullow Oil

I think effective date is 18th December.

Just too easy for mm's to trot this down a penny a day on these low volumes. Back to the low 30's until some big news I'm afraid.

Markets are forward looking. If you produce 40k boed for 1st 6 months and 80k boed for 2nd 6 months the average for the year is 60k boed. All things being equal it is likely you will produce 80k boed for the next full year which at this point in 2023 most investors are more interested in.. Also Tlw does not have to generate cash to cover the total 2025 and 2026 bonds as they become repayable. A portion of that will be re-financed and the question is then what is an appropriate level of debt for a company of Tlw's size? The vast majority of companies have debt, its just in the past Tlw has had too much of it.

Average 2023 production is irrelevant now. Even average 2h 2023 is meaningless in forecasting 2024 production as wells will have come on line or be drilled during that period. I would expect the work that has been done in 2023 should push us beyond 70k boed next year along with any incremental drilling that takes place then.

Too late I think - we're already in.

And that's why Ruto is trying to squeeze as much shillings out of Tlw as he can.

It appears the 2026 bond figure is 1.6bln according to Tullow itself - apologies.

For anybody interested, 2025 bonds - $633000 and 2026 bonds 1.8 bln. I assume cash held in bank nets off these figures to give 1.9bln net debt.

Does anyone have the 2025 and 2026 redemption amounts o/s, or where could I get that info?

Possibly a bit of caution ahead of Opec+ on Thursday - let's hope so.

Yes maybe - it's just they have been knocking on the door for a few days now and seem to get pushed back every time. Patience required..................

Not much appetite for the shares over 39p :(

Think you're right Murph, MM's seem to want shares - bringing the SP down then bringing back up. Only the weak will get frightened by that tactic.

Well 400k sale just gone through and barely moved the dial - unusual for Tlw!

Remember that Pictet et al play with somebody elses's money and they have billions under management. Tlw is a drop in their ocean.

UT trade 599,549 @ 16:35

Ordinary trade 478.433 @17:55

A late reported trade - somebody happy to buy at the top of the market yesterday

Happy, I did tell you to delay your response until next Friday and you might have conjured up something a little more substantive on the sell side. Nah ! On reflection, you probably wouldn't..:)