Member Info for Tornadotony

It takes 3 days to analyse sulphur content in oil at an internationally recognised testing laboratory https://pcmseng.co.uk/services/oil-analysis/oil-analysis-summary as example

It takes more time to get samples to lab.

GH Navigator to supply Rowan EXL II later today/2 Jan. Other supply vessels in port ( 2 Trinidad and 1 Georgetown). Jack up on site.

Near supply ship Bourbon Calm https://www.vesselfinder.com/?imo=9530125

Freed up cash from Fres, CEY and Polymetal after good profits and can now double up on Tullow if Carapa fails. Hope that is a 100M barrel find.

Just in case this retreats I took some off at 640p although holding onto most of it. The first full week of January 6-11th in 2020 can be difficult for gold miners and gold especially if they are overbought. I therefore have second dippings play on the part I sold if such an event materialises. If it doesn't still bagged 60p for a 5 week hold.

If Carapa strike happens and it turns out to be 100M barrel find, that is roughly 28,000 barrels per day of which 37.5% (10,000) go to Tullow. Next year Tullow have two more wells to drill in that block. Suppose one is like a Carapa strike and then we are back to 90,000 barrels a year again by 2022.
Of course Uganda, Kenya and probably many other African countries will be complaining that actions by the World Bank favouring ENI in Ghana are damaging developments in their own countries where Tullow is a partner. I suspect some public servant in the World Bank is having a lot of headaches and a committee being set up to pass on all the mess they have made may well require a fast acting resolution which incidentally does not look good for the Ghanaian Government either. This may result in retraction of penalties that the World Bank want to impose on Ghana and allow ENI and Tullow to share gas supplies to the Ghana utilities in question and the World Bank resolves spill over problems that are easily done in Africa by funding institutions. Such events can benefit Tullow very quickly.

I will continue to add to Tullow, I believe this share will recover next year.

Current status remains active.

On maritime order sheet from Guyana Government sent out to shipping on the Kanuku block I identified Repsol active area as North 7, 36,32 West 57,16,08 and 2 KM surrounding. https://zoom.earth/ tried using Zoom earth down to 5000 metres and could not find anything. I really need to scan at 1000 feet to find Carapa well. If anyone can do better please post.

I have filtered the person labelled It, thing, pompous fool, hindsight trader, NH, Miss POO POO and everything else they have been called that clogs up this board. Can more of you just filter that person and don't feed the attention they seek.

Rejoined on 1150 and like Fres and CEY the sector is on a small santa rally.

Took off another 5.5p. Now in range of getting into profit with a Guyana oil strike next week. Could only get in at 65.08 on last knockings.

Hmm those shorters might be losing their pants with not enough shares for us to buy. My order on 64.5p is the highest since the early December crash. Price took off afterwards. I wonder if the order book is now filling up.

At 62.9x average down another 12.5p. Now in good position for a takeover. Guyana adds $375M value if good oil finds emerge. Takes Tullow to high 80's.

To MRD

The accounts in 2018 have all the exploration and evaluation assets at $1.9B A fire sale of flowing barrels is $30,000 per barrel per year. This takes us $4.1 which is 63p the price we have today. However debt is not due until 2021 and if the Tullow reappraisal is well thought out the flowing barrel rate goes up to $50,000 per barrel and adds $1.3B value and this would give a 133p share price. I hope this helps and please stop putting inaccurate data on the board.

Tony

https://www.guyanastandard.com/2019/10/24/ramps-logistics-clears-rowan-jackup-rig-for-repsols-carapa-1-well-on-kanuku-block/

Not sure how many days between a logistics clearance and actual drilling. I guess a lot of things are tested out before all that activity actually starts in earnest.

Thanks for finding this as we begin to fill in the missing pieces. Having all this out in the open accelerates a solution and should help Tullow and ordinary Ghanaian people .

4th tranche brings my average down 44p. Tullow still under 10% of my portfolio. Hopefully I can do more research over the weekend.

https://constructionreviewonline.com/2018/12/390mw-power-plant-to-be-constructed-in-cote-divoire/

The issue is whether Tullow or through Ghana utilities will supply them.
(Currently holding my position pre RNS fall)

https://www.ghanaweb.com/GhanaHomePage/business/280m-Takoradi-3-thermal-plant-idle-730345

You could not make this up or is it fake news.

http://sunonasogli.com/

One of the Ghana gas energy suppliers.