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We will unfortunately never know what went around in this guy's head, while having so many advisors I'm sure.
Why did he spent more on charity, and probably females? Lol.
Tullow Soars as Partner Sells Stakes in East Africa Assets
http://www.bloomberg.com/news/articles/2015-11-09/tullow-gains-as-partner-sells-stakes-in-eastern-africa-assets?cmpid=yhoo.headline
"Tullow Oil Plc gained the most in seven years after Africa Oil Corp., its partner in East Africa oil exploration, sold stakes in some assets to Maersk Oil & Gas A/S.
The Maersk deal shows that companies are willing to invest in the East African discoveries before the pipeline route is finalized, he said.
“They’ve done a deal, the price looks reasonable, that will make people a little bit more comfortable with East Africa,” Gallagher said by phone Monday."
The Doctor.
One major factor
There’s one issue that’s holding all of these companies back, and that’s the volatile oil price.
Take Premier for example. Oil needs to hit at least $60 a barrel to revive Premier, and as we’ve seen over the past few days, Premier’s share price tends to overact when there’s any sign that the price of oil might be heading up. Unfortunately, Premier’s shares also overreact if the price of oil shows any sign of dropping further.
http://www.fool.co.uk/investing/2015/11/05/as-oil-rallies-should-you-be-buying-tullow-oil-plc-premier-oil-plc-genel-energy-plc-and-gulf-keystone-petroleum-limited/?source=uptyholnk3030001
The Doc.
My dear buddy Troy copy-catted me.
The Doc said it waaay time ago...
Lol. (I'm just kidding... actually not.)
But Troy said more true things:
SSC,
Tanzania: Kenya Undeterred By Plan to Build Oil Pipeline Through Tanzania
http://allafrica.com/stories/201511041529.html
"We are going according to our own plans. Nothing has changed," said Mr Macharia in Nairobi."
Q. When does ERHE expect to have an operator partner secured and a contract signed for EEZ Block 4?
We are working toward that. In October 2015, ERHC announced that the Company and the National Petroleum Agency of São Tomé and Príncipe (ANP-STP) have reached agreement in principle on the Production Sharing Contract for EEZ Block 4.
Q. Can you give a realistic estimate of when shareholders can expect drilling to begin in our EEZ block? And the same question for one or more of the Chad Blocks?
There is a lot of work that must be done prior to drilling in the EEZ. We are basically where we were in the JDZ back in 2004. It took approximately five years after PSCs were signed to complete the initial drilling – and we probably have a similar timeline ahead of us in the EEZ. As for Chad, we described in the year-end conference call in December 2011 that we have no commitments to drill a well before year 5 of the exploration term in Chad.
icle?
:)
Strategy,
Meanwhile, Tullow Oil (LSE: TLW) trades on a price to earnings growth (PEG) ratio of just 0.1, which indicates that its shares are hugely cheap. Clearly, investor sentiment is very weak as a result of the low oil price but, looking ahead, Tullow Oil is expected to increase its production by around 50% when its TEN development in Ghana comes onstream in mid-2016. This has the potential to significantly ramp-up the company’s top and bottom lines and end the rut which has seen Tullow Oil’s share price tumble from 1600p in 2012 to the current level of 230p.
Clearly, Tullow Oil is relatively volatile and highly dependent upon the price of oil. However, for less risk averse investors it appears to be a worthy purchase for the long term.
http://www.fool.co.uk/investing/2015/10/20/are-bae-systems-plc-tullow-oil-plc-rolls-royce-holding-plc-value-plays-or-value-traps/?source=uptyholnk3030001
They don't know ERHC I'm sure, and certainly not their 'reputation'.
These days oil exploration stocks are not what people invest in...
But that will not, of course, be always the case!
The Doctor.
Doc,
All I can say is that it would be consistent with other transactions for the Company to disclose the terms in the upcoming quarterly or annual filing.
Sincerely,
Daniel Keeney, APR
DPK Public Relations
Doc,
I don’t know any more than I told you.
Sincerely,
Daniel Keeney, APR
DPK Public Relations
A reminder regarding the EEZ:
http://erhc.com/news/sao-tome-and-principe-exclusive-economic-zone/
Tullow recommendation:
http://www.hl.co.uk/shares/shares-search-results/t/tullow-oil-plc-ordinary-10p/broker-forecasts
Not bad.
Oil prices and the Syrian civil war
http://oil-price.net/en/articles/oil-prices-and-syrian-civil-war.php
An unintended consequence of the Saudi attempts to overthrow the government of Syria, may be the overthrow of the government of Saudi Arabia with its own medicine. Should ISIS be pushed into Saudi Arabia, expect oil prices to surge.
TAIPAN versus ERHC:
Promotion
Tried calling TPN yesterday to speak with Joel in regards how the progress is being made with drilling this well in Pakistan before years end and was told he was in New York. I take it that he is there promoting and maybe raising well needed $$$ for the upcoming year. Also when speaking to him back in May, he mentioned to me that MAX did take a huge pay cut and invested some of his own money into TPN. I will circle back with Joel later this week when he gets back from NY to see what is going on.
If Peter also took a big pay cut, that would be something. But again: it seems that the Majority share holder and the Board are in piece with this... WHY?
http://www.stockhouse.com/companies/bullboard/v.tpn/taipan-resources-inc
TULLOW:
For example, Tullow Oil (LSE: TLW) is seeking to adapt its business model to a lower oil price environment through changes such as making cost savings. In fact, it is seeking to generate around $500m in cost savings over the next three years and, furthermore, is becoming increasingly disciplined with regard to its capital allocation. It is also seeking to increase its total production level and, encouragingly, plan for a return to higher price oil by building up a portfolio of higher margin oil prospects through highly focused exploration activities.
In terms of its valuation, Tullow Oil has huge appeal. It offers a very wide margin of safety, as demonstrated by its price to earnings growth (PEG) ratio of just 0.1. And, with a greater focus on producing strong cash flows from its West Africa projects, Tullow Oil appears to have the financial strength to see through the current dip in oil prices and emerge a more efficient and sound business for the long term.
http://www.fool.co.uk/investing/2015/10/13/3-hot-energy-stocks-afc-energy-plc-tullow-oil-plc-and-amec-foster-wheeler-plc/?source=uptyholnk3030001
The Doc.
We interrupt this commodities disaster for a special announcement — there is still money in oil
http://www.ft.com/intl/cms/s/3/12b46f3a-6912-11e5-a57f-21b88f7d973f.html?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev#axzz3nsMqRC8v
The DOCTOR.
Is Tullow Oil plc Now A Slicker Investment Than Premier Oil PLC?
https://www.fool.co.uk/investing/2015/10/05/is-tullow-oil-plc-now-a-slicker-investment-than-premier-oil-plc/?source=uptyholnk3030001
The Doctor.
Can anybody tell me what the approx timetable is regarding the R/S activities?
The Doc.
Tullow agrees credit terms with banks
Tullow Oil, which is drilling off west Africa, has agreed new terms with its banks to ensure continued access $3.7bn in debt despite the low oil price.
The group said on Thursday it had completed its six-monthly asset review with its banks, the first in a string of UK companies to conclude what are likely to be a tricky set of negotiations. The news means Tullow has cash and undrawn credit of $2.1bn, none of which is due to mature in the near term.
http://www.ft.com/cms/s/0/855ac68e-6826-11e5-a57f-21b88f7d973f.html?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev#axzz3nQDuihFo
Tullow, whose shares rose 7 per cent in early trading on Thursday, is in a better position than some of its rival exploration and production companies, mainly because it has discovered large new fields in a relatively low-cost area.
Tullow Oil
Tullow Oil’s shares were above £8 last year when the oil price began its precipitous slide. The shares yesterday hit a new low of under £1.70. In truth, Tullow’s decline began long before the oil-price slump. The shares have fallen relentlessly from a record high of over £15 in 2012, and the company was demoted from the FTSE 100 earlier this year.
Tullow’s important TEN Project in Ghana is currently on schedule and on budget for first oil in mid-2016. With no debt maturities ahead of the project coming on stream, the long-term prospects for the company look good — if everything pans out. However, with a market cap of £1.5bn, net debt of $3.6bn, and assets concentrated in higher-risk Africa, Tullow is a markedly less safe bet than Billiton, although the potential upside is also markedly higher. An investment in Tullow would need to be watched carefully, with the risk of having to get out at a loss, if prospects were to turn sour.
I'm not sure what they mean with "were to turn sour"...
The Doctor
That is not what Troy means, Manti.
Troy expects, I think, that more dilution without anything offsetting that new dilution.
I don't think they invested with company money, it should come out sooner or later, and then what?
Jailtime? Destruction of career?
SSC,
Troy,
Troy,
Pre of course, but MINIMUM!
Dilution = 4.
So at least the current share price without glut oil would have been: 4 cents. We are now at .0011
For ease of math, share price should have been 40 times what it is now, at least. Without glut oil that is. Because without glut oil finding funds would not have been a problem. Our assets are good enough to attract serious interest, like CEPSA's $30.000.000 interest in 11A.
The Doctor.
SSC,