Member Info for xxnjr

Aventadorr - Did you not see the link "More info" on the Aker Operated Block Map.

https://ghanapetroleumregister.com/deepwater-tano-cape-three-points/

Anton

May I suggest you try to do at least some basic research. Is it that difficult to click on a link that says "maps" on Petrocom's website ( a website you frequently frequent) and then try to understand what the map is showing you? Come on, Anton! I don't wish to be impolite but your understanding of the company you have put money into is minimal to say the least. Just because you haven't done much in the way of meaningful DYOR doesn't necessarily mean that folks who have done some basic research and know more about the company than you are automatically (in your eyes at least) former disgruntled sacked employees!

Aventadorr - I can understand why you (and others) may think that as it is a bit confusing! Tullow originally held 2 exploration blocks: "Deepwater Tano" and "West Cape Three Points". There is an entirely separate exploration block to the south, nothing to do with Tullow Oil/Kosmos Energy, called "Deep Water Tano Cape Three Points", which is where the Pecan discovery was made by Aker Energy/Lukoil, with Aker Energy now owned by Africa Finance Corporation. This map shows the locations of blocks (click on blocks to see details)

https://petrocom.gov.gh/maps/

Pecan isn't a Tullow development as the discovery was made in even deeper waters on the block to the south of Tullow acreage. It's being developed by Pecan Energies (owned by Africa Finance Corporation) and Lukoil. Nothing to do with Tullow as has been mentioned on here before.

and Anton "I see it’s still only Warren Buffet on here and someone with no shares that spends hours analysing the company. Unbelievable….." Just as well really that some on here put in the effort!

Loon1962 - Sorry for not being precise. The 90K was Jubilee Gross field (100%). TLW's share of the field is 38.98%.

Here's the de-ramp :-) "Any good news in this regard (a refinancing) would send the SP skyrocketing." I'm sure it would. They say they "are making good progress". But you would hardly expect them to say "we are not making much progress at all". But if it was so easy why wasn't this wrapped up 18 months before bond maturity when Jubilee production was 90,000 bopd and OP $70 ? As ever with Tullow it is not what they say. It is what they deliver. In the meantime, at least from my perspective, it makes sense to sit on the sidelines until (i) there is a refinancing and (ii) we know the terms (interest being levied). Even if, as I've said before, that means re-entry at a higher SP than now.

Regarding the management. I like RM & Mitch Ingram. I did't like the TIP, nor the LTIP that succeeded that. As both rewarded management excessively for what has been massive under performance. So everyone on the remuneration committee that came up with TIP/LTIP should be let go. The Chair of the company stood up in the 2024 AGM and said something like "management are not responsible for the low SP of the company". Jenson Huang (CEO of Nvidia) would probably demur. The Chair of Tullow should be let go. Basically the entire board need to go at some point. Mitch will probably retire. RM can stay if he pulls off the refinancing. He deserves it. He's been quietly sitting there for years taking instructions from the idiots that messed up the company.

Thx for copying the other bits and pieces Joek1. I'm sure numerous folks will say "xx deramping. Blah! Blah! Blah! Left something out!!!....." Yes I did for copyright reasons :-)

(Bloomberg) — "Tullow Oil Plc is in talks with its bondholders about refinancing a nearly $1.3 billion bond due next year, as the imminent maturity adds to pressure on the Africa-focused oil explorer. Discussions have focused on both the London-listed firm’s struggling performance and its refinancing options, according to people familiar with the situation who asked not to be named discussing a private matter. Some of the company’s bondholders have begun working with the law firm Weil, Gotshal & Manges LLP ahead of more formal discussions and potential amendments to the debt, some of the people said. Corporates would typically look to refinance bonds 12 to 18 months ahead of their redemption, but weakening performance and high leverage have added to the challenges for Tullow. WG&M declined to comment. Tullow declined to comment on bondholders working with Weil..... This year it agreed to sell the Kenyan deposits and offloaded assets in Gabon as it looks to pay down debt. Such asset sales risk impacting production, with the firm warning that full-year output may slump, sending its shares to their lowest since 2020 earlier this month..... As of June 30, Tullow had $1.8 billion of drawn debt, of which about $1.3 billion was accounted for by its senior secured bond. The approaching maturity of that bond in May next year has weighed on sentiment, with refinancing risks highlighted by Moody’s Ratings and S&P Global Ratings in their recent downgrades of the firm...."

Supercooper - Well I'm the right side of 60 which means a free bus pass and meds but the wrong side of 70 :) Whats not to like! It's important to keep going. Lot's of exercise. Walking, swimming and cycling in my case. 'Contributing' to this board (as I once indirectly explained to Anton about 7 months ago when he politely asked) helps to stop the cogs under the cranium from seizing up :)

Oh sorry. 5 months of decline.

Supercooper - ref your production analysis. Your numbers are correct. As an explanation on the one hand you have the new well (+10K at start, which will probably drop off over 2H) and on the other you have 6 months (of say 25% underlying annual decline rate) or 12.5% in 2H on the rest of the other wells combined. So until there's more evidence of slower decline, then the safest assumption is both factors cancel one another out.

Hi good evening Supercooper - Ok thx, got it! Hadn't realised you write as "wodahsnoom" - my friend in the other place! Had no idea. The posts concerned being 61266 and 61267 of https://uk.advfn.com/cmn/fbb/thread.php3?id=11289641&from=61266#firstpost

I'd characterise it as a very, very minor storm in an even tinier cup:)

Should add I didn't check my posts as it was quicker/more interesting to read sc's. Anton (or others) maybe you can dig up whatever I might have written.

Supercooper - thanks for your thoughts. If that was the case then at least we could say I've learnt from past indiscretions with the post I quoted. But given your latest it probably won't surprise I had the inclination to trawl through yours as far back as nov 2024. It was more interesting reading yours than rereading stuff I had penned. Having done so I'm as reasonably satisfied as one can be that it's just a case of one misremembering what they thought another had written.

Anyway. Sun is out again. I'm off on a for the most part shaded mountain bike ride.

I kind of feel this is all a distraction. Better to concentrate on the real issues with Tullow. And on here - trust in the reliability of individual posters comments (trust has to be earned).

Anton - The fact you choose not to believe what I've told you is entirely down to you. You have a perception that I have an agenda. Given you hold that view may I suggest you make a formal complaint to the FSA regarding my behaviour.

Supercooper - I'm surprised you would think that. Here's the post you are referring to:-

"RE: Anyone notice..... xxnjr 8 Aug 2025 13:57

Agree it would be good if RM bought some. I'd be presently surprised as (1) the recent half year report, and I know it's just a legal advice warning, said "There would therefore be a possible risk of the Group entering into insolvency proceedings, which the Directors consider would likely result in limited or no value being returned to shareholders." and (2) RM doesn't really need to buy as he's awarded shares through the Tullow Incentive Plan. Although - not sure if he received any this year?......"

Anton - the only thing investors should consider when assessing the merits of individual posters commentary is to ask the following; Have an individual posters comments generally been well informed by research, reliable and portrayed a realistic projection of the upside, or downside of the company being discussed?

Perceptions of short/long/agenda are irrelevant.

But shareholders are at the back of the queue. If the company collapses then private capital could move in.