I started investing in Tullow a few weeks ago. As far as I can tell they have a fundamentally good business and have farmed down a couple of assets to balance the books. I like what I have seen so far. I was averaged in at 34p and have just raised that to 36p this morning by topping up at 44p. As expected by the market (based on the rise in the last week) it was good to see the announcement this morning that the reserves based lending facility of $1.7bn has been given the nod by the banks. There will be some dotting of i's and crossing of t's to do and it represents a reduction in Tullow's "overdraft" from $1.8bn to reflect the capital needs of the company. Tullow has long been a highly leveraged company, but has developed a strong business underneath. For example net debt was $4.8bn in 2016, and has regularly been reduced each year through $3.5, $3.1, $2.8 and most recently year end '20 net debt of $2.4bn. The company has used the lean times of '20 to tr