Q1-2018 seems a long time to wait. If the TLW signatures are done they should be able to re-list quickly. The reason they wanted up to six months was in case they had other opportunities. You'd know by now, wouldn't you?
Nomad should be easy enough. I can't think of any advantage in waiting for Santa..
I'm not invested. It was on my watch list until it was suspended. Good luck, though.
Click Here for more Tullow Oil Plc. (PC) Charts.
By Ian Walker
Tullow Oil PLC (TLW.LN) on Wednesday raised its full-year West Africa production guidance following strong production performances from the TEN and Jubilee fields in Ghana.
The independent oil & gas, exploration and production group now expects to produce 85,000 to 89,000 barrels of oil per day from West Africa, compared with previous guidance of 78,000-85,000 barrels of oil per day.
It didn't say how the fields have been producing to date, but at the time of its first-half earnings in July Tullow said West Africa net working interest oil production averaged 81,400 barrels of oil per day.
Tullow is keeping 2017 gas production guidance from its European portfolio at 5,500 to 6,000 barrels of oil equivalent per day. It said that production will be adjusted to reflect the sale of its Netherlands portfolio to Hague and London Oil once the deal completes later this month.
Tullow has also lowered its capital expenditure guidance to $0.3 billion, and said it expects free cash flow of around $0.4 billion for the year.
This was always the desired route for the directors, if you remember they did transfer certain parts to a new private company already in the hands of the main directors... Small shareholders now told another 6 months prior to a realist and quote...reason being to save money !!!!!!!!!!!!!!!! Even money never happens.........
No it was not IMHO as we now have a suspended share and a possible reverse takeover.
Somewhat suspicious one might say..............................
As it turns out I still have a few of these bought in 2013...... after they fell from the 10p ish level when Wessex (they were called wessex then) turned down Total's offer to buy them out. What a mistaka to maka!
Will be interesting to see what it's all about.
Looks to me like the ENGIE MOU has sparked some interest now and rightly so. A little cracker this share. Quality management and tiny amount of shares available will see huge rises on news. I would expect news on Netherlands gas deals to follow sharply now as the RNS indicates that HNL & ENGIE are some way down the road already with first deals.
Bit more discussion on LSE bulletin board. It certainly trades as hnl.l Quoted at 11-11.5, which is 0.275-0.0.2875 in old Wessex money. It looks like a punt on the ability of the new management to add some vale but depends on a (no doubt dilutive) Placement. I'm not convinced without seeing some numbers and plans but pure gamblers might be tempted.
Tempted but there are real bombed-out opportunities in the sector. Good luck all.
I did forget to say that the company is now LTD and not a PLC hence no quote for trading or trading
other than agreed by private or with the company as not allowed to offer shares for sale to the public
until it changes back to a PLC again if ever...........
Not showing sp for some reason here - try ADFN as giving quote and any other info which is all you need to decide to buy or not? After the rubbish previously done I would hesitate investing here unless you are happy paying loads of money for a sausage roll, good luck
About 80% down: "Some see Wessex as a t/o target. How would you react to that? " MB "Yes Please".
£1 million doesn't seem a lot to pay, although the Zaedyus play will have little value now. It looks like a trade sale if Cochran can engineer it, otherwise a big capital raise in the new year.
I don't get a quotation price using HNL.L, although I haven't yet tried a dummy buy. I'll wait to see how they raise funds but any help with my research would be appreciated. Nothing on ADVFN yet, nothing useful on LSE.
Industrial Engineering is a complete new direction for this company, hence will have to wait and see what is brought to the table. To equate to old sp need 40p share to 1p and £4 to get back any 10p shares bought so wish everyone all the luck going. Will pop back in to keep up to date every 3 months.
Andrew Cochran will do nothing of the sort. Wessex Exploration, I fear, will always be one of the lowest of the low 'penny shares' unfortunately. You're obviously being paid for your ridiculous ramping.
I wish you were right pricktyphoon, but alas I think it's time for you to jog on now.
My intention is to 'hold' in the hopes that one day I might just get my money back (now that I've written it off) but that may be a long time, if ever.
buy buy buy with andrew cochran chairman in the morning watch this soar next week massive news imminent he will turn wessex into a billion dollar o and g major. take a look what he did with costal 2.3 billion gal
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