RE: Refinancing Activity24 Sep 2025 07:50
Nobull you are right the interest rate dependance on risk but that risk Will be less if reseveres are upgraded and production is cranked up. First new well is said to be ‘better than expected’ but we are still waiting for results of july and August (and september soon). One more Well is planned for this year and then 4 more next year and 20 for next decade or so.
You say ‘We are in the late life space having to use expensive ERMs to get our oil out, which does not help“.
Believe that is untrue since new oil Will be , due to existing Infrastructure, at very low cost of 20$pb.
So. Imo there is a Very real (New) growth path for Tullow and risk for the future has been significantly reduced in last months (still need confirmation of this). Even with a heightened risk of decline we saw in the last twelve months, which still is there, there are real signs for a lowered risk in near future.
Depending on your focus your answer on risk Will be different. I am very positive and long n TLW.