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Re: Money Mike 1 post# 18465

Thursday, 07/30/2015 1:31:50 PM

Thursday, July 30, 2015 1:31:50 PM

Post# of 21090
Here is the full answer from the Seeking Alpha call transcript--

"That’s right. So – in Guinea, it’s a sort of Jubilee class prospect. We have that prospect lined up; it’s a solid option that we’re considering. We’ve got some operational things just to clear up there, Ebola being one of them. But the prospect’s certainly good to go; it’s a strong prospect."

So to me the first and last sentence seem strongly supportive and demonstrate that Guinea is on their go list- subject to the issues listed in the document from the review (Ebola and Guinea government discussions)

Speculating a bit- if I was Tullow I would be talking with the Guinea governement about two things:
a) reaffrirming the PSA in light of the US DOJ decision
b) extending the exloration period due to the impact of Ebola- particularly for follow on wildcat wells to Fatala.

Speculating even more- I'm thinking that if these are affirmatively dealt with the drilling would be scheduled for 1H 2016, assuming Tullow's capex budget isn't cut even further with more oil price reductions...