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indeed games still going on. until the runs people are gibberish but even without kenya there are many things going on for tullow that should (...) drive the sp north. but can't believe kenya will not be a success. working with deadlines all day i know they can get shifted. if 90 % of the project is finished you don't kill the project you do whatever it takes to finish it and take it across the finish line even when it takes a week extra. gla
Oilboycot alone will drive it to 170pb. Gas & oil boycot will take it even higher. Mm’s trying hard today but there is just too much in favor of tullow to keep it down.
Suprised they could get it below 53 today
ING bank just released a report where they see poo going to 170pb with an European oil boycot.they see it going to 200pb with oil&gas boycot. Apart from obvious advantages to tlw it will make the heavy oil found in gyana economically viable too. All depends on how long poo will stay high with obvious risks of poo declining.
Can imagine there are fines for paying of debt sooner than agreed upon. Same as your mortgage. Fines are set sharply so probably be better to invest. Combinations are possible too. There might be an max amount you are allowed to pay per annum without having to pay a fine. Above that it is better to invest. Maybe somebody wiser on the board knows the specifics for tullow debt.
Deeko don’t forget income from Uganda sale:
Contingent annual payments to be paid on upstream revenues from the Uganda Interests calculated as follows: (i) no payment if the average annual Brent price is less than or equal to US$62 per barrel, (ii) 1.25% (net of tax) if the average annual Brent price is greater than US$62 per barrel or (iii) 2.5% (net of tax) if the average annual Brent price is greater than US$70 per barrel.