Member Info for UINOIL

Institutional and pi interest is subject to rbl approval and other feel good factors one of which is ridding ourselves of short interest.

As stock on the shelf dwindles, the noose tightens, good news could land any time now and shorters need an exit plan.
We have planted a seed that no favours will be done.

Will be interesting to see buys versus sells at the end of play.
We've seen some massive daily volumes in recent times with minimal movement on sp.

Look at this as taking stock off the shelf and strangling supply.
Would have been encouraging to see director buys especially post cmd but if there are price sensitive events in the pipeline their hands are tied.

Bought 5k shares, wish it could have been more but fully loaded now and out of funds, feel like i've done my bit, gla.

Once rbl is completed I think it's inevitable there will be an asset sale to make a real hole in the debt otherwise we will be kicking the can down the road to the next rbl.
We need to reset, reassure the pi's with a clear roadmap which in turn will attract the ii's.

I've set a sell price at £1.50. this isn't about reaching any specific price target tomorrow though, it's about creating awareness and gaining momemtum to get this share somewhere near fair value.
Remember we just sold a solitary asset for more than the current market cap.

Just an observation, bring it on, I'm treading water with the rest of you.

Don't you realise every shareholder of every stock on every stock exchange who happens to be slightly under water or drowning with lead boots on will be thinking along the same lines.

We are in the business of finding oil are we not.
The term speculate to accumulate was never more relevant.

At the moment staying in the game is all that matters, post covid the rewards for medium size oil exploration/producers are obvious where many scenarios can play out.

Just one successful drill from a vast array of options would remove all doubt for lenders moving forward but understandably tlw are cautious about throwing money at it.
While the oil price is rising and the company can demonstrate they can fulfill financial obligations this will remain the case.
Extracting value from our many assets at the moment does not appear to be a necessity.

Shorters can't have many throws of the dice left, it's getting too risky, lots of tactical scaremongering over the last couple of days but the tide is slowly turning.
Any number of catalysts could be the game changer we've been waiting for and could drop at any minute.

Negotiations while ongoing are liquid, the landscape is evolving on a daily basis, maybe tlw have taken a step back and redrafted their proposals on revised oil price.

Took a hit on neutral/negative news when the sp was already distressed/undervalued resulting in the inevitable over reaction.
Rbl confirmation, continued oil price recovery, vaccine rollout, and hitting the sweet spot in Suriname were all relevant/potentially transformational before the trading statement and still are.
Proving up non operated assets for production or sale should be the focus now especially with the big boys winding down their exploration activities.
GLA.

yes, last week they replied within a couple of hours

don't be a k**b, you've done the hard miles, sit back and reap the rewards.

Possible catalysts, oil breaking $50 is traditionally sybolic, covid rollout should add to momentum, then there is the possibility of a santa rally but these are strange times.

The catalysts to move this north like Uganda and cmd have failed to deliver.
The excuses are plentyfull in the form of brexit, covid, opec, debt. rbl, even Rahul and his dog.
The truth is this share price is suffering a serious bout of drewers broop hiccup ! but still getting plenty of action in the stock market bedroom i.e getting shafted on a daily basis by the shorters.

A couple of asset sales/farmdowns to reduce debt would no doubt attract interest from majors who likewise are currently not focused on exploration or even tendering for licences.
However a debt free Tullow would be highly investible for private inestors and ii's thus reducing the likelyhood of such interest as the cost of the whole entity would be excessive.
Quantifying the value/potential of our non operated assets is well nigh impossible but sooner or later these assets which lie in desirable post codes could become highly sought after.