Member Info for Supercooper

trying to stick to the thread - somebody just topped up with 3 x 340k buys

And we love you being right - you're fantastic!!!!!!!!!!!!!!!

You're probably on the wrong board then, since Slater, Patel and Colti arrived.

Well if that's not hedging your bets and no doubt you will exit at the top and we'll all say "What a guy". Am I right?

If Rahul has any sense then he will not sell Kenya stake for cash. A carried interest will be far more valuable and so the 10mln capex this year may not indicate anything about the start date for the project. Also there is a potential doubling in size of the reserves with more exploration. Your 250mln valuation is just a simplistic guess.

The why are you "professionals" wasting your time here then - mixing with the plebs??

Did you know that talking to yourself is the first sign of madness. No, I didn't know that Supercooper.

I think I rest my case....................

I'll explain if you like - since you, slater and colti have recently started posting, all this forum is good for is personal insults. This board has little or no value anymore. I'm fine listening to different points of view but you can't even make coherent de-ramping arguments ffs.

No need to single out "Rahul and his mates" on that one Slater - same goes on in every publicly quoted company in the world.

Take your general point MAGA but I believe the Navy provide securtiy services for our FPSO's in Ten and Jubilee.

Agree Bullseye - comms on Kenya is like ever decreasing circles with AOI not mentioning it at all. Are things moving to a conclusion???

Markets are forward looking and will see 2023 production at 58-64 kboed - 2022 outturn better than I expected though. SP flat at best.

Kosmos at 2.5bln debt has a 1.5 ratio similar to Tlw but 5 times the market cap. Using terms like "crippled" is nonsense. Over the last 4 years they have halved their debt. There's plenty of things to criticize Tullow management for but you choose debt, which at one point was true but thanks to the increase in EBITDAX, is manageable.

Look at the market cap not the number of shares in issue

This is just to get rid of previous thread - its taking half a day to get to the latest post

The thing that's new WT is that Azvalor has increased its stake by 10% in the last 2 months. You can't really brush that under the carpet....................

We may see another RNS later showing Schroders have just sold 5% - that's what happened last time.

Slift,

Not sure I agree with your last paragraph - fast payback should translate into higher FCF giving you the option to pay dividends and/or reduce debt significantly. Neither is currently happening. The only reason Tlw will reach Debt at 1.5 times EBITADX is because of the oil price and there is no dividend in sight anytime soon. If production doesn't increase in 2023 then there is nothing to drive SP recovery unless they get lucky in Orinduik which is the equivalent of backing a horse at Aintree. You are basically saying that Rahul has been misleading shareholders (I'm not necessarily disagreeing) but its probably naivety, which is just as bad a trait in a CEO.

I agree with Tman - unlikely to hear anything on Kenya /Ghana. Africa Oil didn't even mention Kenya in their update last week. There's still enough items for a positive statement.