Member Info for xxnjr

Https://www.tullowoil.com/application/files/3817/7752/9096/Tullow-Oil-plc-Annual-Report-and-Accounts-2025.pdf

It's very black and white. Saved some dosh there. I like that :)

Barnety2000 - we'll miss you but at the same time I'm sure we are all happy you exited in the green :)

Tonyb33 - well done! Out of the 3 of us you were the closest by a country mile on the 'bet'. I was way out $102!!!

JMAX - I'm well aware of the attractions of Seplat! for example in todays 1Q results

"Crude and condensate liftings benefitting from our put-option hedge strategy that exposes Seplat to 100% of price upside."

But lowering myself to your level. LoL! It seems you have different rules for every argument.

JMAX is widely considered to be a troll. Very sad.

I'm a Seplat shareholder. No-one ever asks why Sam doesn't buy more of Seplat.

JMAX - Why do you think Sam and AZV would be adding? They already have over large positions.

You seem to be discounting what the CFO told us yesterday!

Tonyb33 - All I would say is if the cap fits "Luckily we were pricing a cargo 2 wks ago" then it sounds like the Tullow cargo was 2 wks ago. I guess we'll know the answer for 100% about 4 to 5 months down the road when Petrocom actually publish the data.

Hi tonyb33 - thanks for your continued input on this. I kind of read things differently as I was thinking the CFO’s comment about pricing a cargo 'two weeks ago' aligned perfectly with the actual cargo price timing of the 15th April shipment. What makes you think the current loading cargo is Tullow?

Hi tonyb33 - thanks for your continued input on this. I kind of read things differently as I was thinking the CFO’s comment about pricing a cargo 'two weeks ago' aligned perfectly with the actual cargo price timing of the 15th April shipment. What makes you think the current loading cargo is Tullow?

@stanleypro

In RM's defence he's was subservient to the then CFO's. And even when promoted to CFO he was very much subservient to Rahul. It was only when Rahul got the chop that RM was able to demonstrate his stuff. And you'd have to say things have gone smoother since.

Rahul was another idiot CEO. In the middle of an oil price plunge he decided to drill 23 wells when every other E&P even Big Oil were cutting back. Worse drilled them on out of date seismic. When it all started going wrong (which didn't take long) he spent 70% of webcast time rabbiting on about trees, share prosperity, world economics, massive upside in Kenya..... anything to divert attention from the ongoing screw up he couldn't admit to.

Name an oiler that has no debt or is actively trying to clear debt to zero.....

It's perhaps churlish to mention but our former CEO McDade who got TLW into massive debt it the first place seems to be doing OK at Afentra these days with low debt levels.... probably net cash imminent as there's $40m (or $50m) incoming from an offload.

Maurel and Prom are doing quite nicely. Net cash position over $200m

Replay started.

The call actually started at midday! but a replay will be up shortly after the call finishes.

He also confirmed Tilenga will start up towards the end of Q4. The export pipeline might even be ready early Q4 or even late Q3 with will benefit CNOOC's Kingfisher slightly earlier start up.

Thanks for the numbers Tonyb33

If any of you have nothing to do may I suggest listening in on Total Energies results webcast which usually has their CEO on the call. It's 13:00 UK today. Patrick Pouyanné is a total 'tour de force' compared to the usual assortment of bland Big Oil CEO's. The analysts will be hanging on his every word as he gives detailed answers to whatever Q arises

https://totalenergies.com/investors/results

This is how they see things for the current quarter

"..... Outlook

In the context of the conflict in the Middle East, oil markets remain elevated, around $100/b, and extremely

volatile. Given the time required to restart production facilities in the Middle East (2-3 months), prices should

remain at high levels during the second quarter. Furthermore, the impact of this conflict on global hydrocarbon

inventories is leading to the drop of the 2026 surplus scenario that was anticipated at the beginning of the year....."

Scaffman

Thx for your observation "Looks like the gap is closing with brent $115 paper now in a steep incline".

What does that mean for Tullow's 2026-1H declared hedging position? Is it good or bad?