Member Info for Tman75

no1plasterer, tullow is already producing gas for Ghana. they had an agreement to first deliver 200bcm free of cash. that number is now approaching so tullow will be free to determine a gas price that will have to be paid. so it is a certainty.

10 year plan originally. now reduced to 5 year plan.

barhut the person responsible for the hedging is out? Les Wood. Rahul is responsible for the turnaround now already after only 12 months visible. in a 10!!year plan. toddler-patience

Exactly Anton. And of course business control wants that fine to be in last years numbers. Makes sense.
If you also look at the numbers for 2020 and 2021 you see the turnaround In one view. Of course there a million layers of details but still it gives a good view.

I am still gutted about yesterday but looking forward . And with confidence.

Yes but all based on 75$P/b.

And all this yammering about hedging… wasn’t there An update on realised average price per barrel in 2022 of 86p/b. That was before we broke 100$p/b.

All in my subjective opinion of course. **** day!

Same here Anton and bigrisky. Lost a lot today. However in the end it Will still be bargain prices.
A lot of good things coming our way. **** day. But hold and it will be rewarded this year.

yes. the time frame of the gas commercialization is unexpected....unexpectedly positive!

it is all about perspective. there is just so much to look forward too for tullow. kenya, extra 5k bopd soon, south-america, gas commercialization, extra money due Contingent annual payments to be paid on upstream revenues from the Uganda Interests.
the ship has turned it's course!

did not expect this to go down but just bought another chunk at these low prices.

very promising: " Tullow expects to secure a gas commercialisation agreement in Ghana which will come into effect once all foundation gas volumes have been delivered; this is forecast to occur before year-end."

it is high but fixed. don't forget that due to inflation, now going towards 10%, this means a relative reduction of the debt of 10% too.

Still is looking like a good recovery. Upward trend still there. Nothing goes up in a straight line.

thanks Thommie. That results in a very serious amount yearly for Tullow.

i am a little surpassed with today's opening. might be orders based on last night's poo dropping. however today it is flying again. and even so, with yesterday's update, which was amazing, i see a strong general uptrend coming. still would like to know how the price of 86 was managed under current hedging. does anyone know a little more already?

still think the continued interest in the future and the percentages agreed are amazing for Tullow! anyone know the current estimated amount of bpd for Tilenga project?

pun intended jmax?

It is not a real buy or sell

update states (again) " ullow will continue to have exposure to the Tilenga Project through additional cash consideration which may be received in the form of contingent payments depending on the average annual Brent price once production commences."

details i read on this BB are as follows:
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.

Underpromise. Overdeliver!

most corona restrictions are lifted now in the Netherlands. not the first country but the number of countries lifting restrictions are increasing. now if Ukraine situation de-escalates things are ligning up nicely. don't forget inflation which is relatively decreasing the debt.

Bargain prices. Waiting for ‘the exciting year’ now. Lot’s to look forward to.