Member Info for Supercooper

Somebody panicking to get shares before Kenyan election? I expect another big after hours trade to go through on a day when OP is down and we've announced a duster

Drill result probably proves Rahul right in terms of focusing on existing African acreage for development. Tullow is too small to be engaging in these types of wells with high working interests and long paybacks. We'll take a hit and reset.

If that's the case then I would agree there is no point in it being there if it was a duster

AdieuK , how do you know they are still on site?

Most likely if a merger goes through there will be a re-structuring (Rahul hinted as much) so difficult to predict number of shares that might be in issue for the combined group.

Tlw said if he joined before the merger it would not be as CFO - so he will.

See he's leaving Enquest on 15th August as per their operations update - wonder what role he will have with Tlw.

The article looks like a rehash of Bloomberg with little in the way of new research. The implication that it is the Tullow stake being acquired (50%) doesn't make sense. AOI don't have the money to develop it either so I suspect both stakes will be substantially reduced but not bought out completely. What Total does, who knows.....................

Anyone know if the rig (Noble Regina Allen) is still in place in Guyana - I looked up a couple of sites but was unsure of the date they were reporting

No RNS needed as of yet - Tullow has confirmed what the Kenyan Gov official tweeted, that they are in talks with ONG and that they will meet again in a few weeks. That in itself might have a positive affect on the SP tomorrow but I won't get too excited on events so far. An RNS confirming agreement and terms that are positive for Tlw will be the catalyst for a decent SP gain

or the 2.5mln sell reported after hours?

SLBH,
I don't buy this "shorters in the long grass" explanation. The fact is that after 10 drills and 650mln later, our annual production is marginally lower in 2022 leaving the Oxy deal out. We continually hear over the last 15 months that we're making progress on a strategic partner for Kenya but as yet, nothing. We have a CEO that for some reason doesn't even want to confirm Tullow news that is is in the public domain such as Guyana drill commencement and on top of that we are loss making. Our production is heavily hedged until May of next year and most of the "opportunities" are well down the line with nothing to announce in between. The volume of transactions in Tlw shares over the last number of months tells me that nobody is interested in them presently. That can change, but there needs tangible progress announced and not just jam tomorrow. Just my opinion.

Possibly gross debt versus net debt i.e money sitting on deposit. But if that is the explanation it is absolutely bonkers to change how they report debt from one period to another. It looks on the face of it as its gone up by 400 mln. Or it could just be a mistake...........

With all due respect to Jet, if there is any truth in this it will be reflected in the SP Monday/Tuesday before any RNS, as "informed speculation" takes hold. There will be more than Jet and his/her source privy to the results ahead of the game. As has been said - "a pinch of salt"

The issue isn't whether there will be a gross profit because if there isn't then this share toxic. I don't doubt there will be a gross profit. It's whether there is a net profit and this won't be apparent until the interims. The operating profit in 2021 transformed into a post tax loss partly due to finance costs not allowable for tax purposes. So the "transformational financing" @ 10.5% interest that can't be offset against tax was not so transformational - hence Les is no longer with us.

Don't know who mentioned running commentary - I was referring to informed speculation. Maritime authorities stated 21st May to 15th Jul so about a week to close out just for the record.

They must be close to TD at this stage and there doesn't seem to be any speculation on a successful outcome which would be normal around this time for a drill - doesn't bode well (pardon the pun)

How about the early teens??

DB,
Forget company specifics for the moment. This has been the worst 1st 6 months of a year for US stocks in 50 years. Inflation fears have escalated since interest rate rises commenced. In spite of this the Oil price is at elevated levels mainly due to supply worries where SA is nearing its capacity to produce. Now turning to Tlw, against that backdrop there has been no news other than the after tax loss for 2021 for 6 months. The Oil sector has been hit with the broad negative sentiment and the Tlw SP has drifted lower on low volume. Yes their are some opportunists making some money on this but not a concerted short attack.

Hi DB,
I just made the observation that factually volumes traded in Tlw are well down, so if its being targeted for shorting where is your evidence (non internet)