Member Info for AHP007

Some light reading over the weekend, have a good one?
Which basically means, yes, retail investors who are left to their own devices destroy returns available to them with poor timing – they haven’t got a robust, evidence based, repeatable and rigorous investment process. Just like institutional investors use!
https://buxtonberesford.co.uk/do-uk-retail-investors-buy-at-the-top-and-sell-at-the-bottom/

One potential to consider as well is that HES is also a right takeover candidate for Exxon Mobil (XOM). The Bakken and Guyana assets are a perfect fit for the US oil supermajor.
https://seekingalpha.com/article/4292637-hess-attractive-guyana-prospect

Eco Atlantic Oil & Gas Is Aiming For The Big Leagues
Companies like this one are often acquired when a major discovery is made.
There still is a lot of speculative future potential for this company. Clearly, the market is hoping for a $5 to $10 stock or even better. Oil and gas speculation has been the biggest draw for investors for a very long time. Everyone remembers someone else's big winner when they make the investment and they clearly hope to do the same.

However, a clear investment strategy is absolutely essential to succeed with an investment such as this one. Initial investors have already doubled the value of the investment (at least). A conservative strategy would be to sell half of that initial investment to return the money used and then let the rest ride to some sort of logical conclusion. This is clearly an investment to not fall in love with
https://seekingalpha.com/article/4286682-eco-atlantic-oil-and-gas-aiming-big-leagues

Repsol, the Spanish oil major could soon be next in line to announce a major oil find if its Carapa-1 well that is now being drilled yields up commercial quantities of oil and gas. If this is the case, it will not only join ExxonMobil and Tullow Oil of the United Kingdom with wells yielding large amounts of oil and gas, but it will also mean oil has been found in yet another or a third concession block in the much-heralded Guyana Basin.

Repsol is campaigning in the Kanuku Block, adjacent to where Exxon has so far found 14 large gushing wells in its Stabroek concession and also near to the Orinduik Block where Tullow has already declared massive finds while pursuing a third
https://www.caribbeanlifenews.com/stories/2019/9/2019-09-20-bw-more-wells-guyana-cl.html

Today's price shows how the Market Makers distort the price when yesterday when we went into the close of the market we where about this price
19-Sep-19 16:28:50 148.95 3,351 Buy* 148.00 149.00 4,991 O
19-Sep-19 16:27:32 148.725 4,051 Buy* 148.00 149.00 6,025 O
19-Sep-19 16:26:29 148.75 2,719 Sell* 148.00 150.00 4,045 O
19-Sep-19 16:23:38 148.9999 3,000 Buy* 148.00 149.00 4,470 O
19-Sep-19 16:22:33 148.75 7,000 Buy* 148.00 149.00 10.41k O
19-Sep-19 16:17:45 148.65 15,000 Buy* 148.00 149.00 22.30k O
19-Sep-19 16:16:02 148.75 8,000 Buy* 148.00 149.00 11.90k O
So after the close the MM move the SP closing price to £1.56 but leave the Bid and Ask at £1.48-£1.49. So when the market opens today it looks like the price as gone down again buy 5%.
At the moment the emotion of fear is being used against the Retail Invester

BREAKING NEWS…Proposed February 2020 date for elections in breach of Constitution – ABE countries
The ABE countries are insisting that an elections date surpassing September 18, 2019 is in breach of the Constitution and could hinder their continued support to Guyana’s development. They are therefore calling on President David Granger to immediately set an election date. This development comes on the heels of the Guyana Elections Commission (GECOM’)s announcement that election can be held by February 2020.

President David Granger

In a joint statement issued by United States of America Ambassador to Guyana, Ambassador Sarah-Ann Lynch; United Kingdom High Commissioner to Guyana, Greg Quinn and the European Union Ambassador to Guyana, Ambassador Fernando Ponz Cantó, the proposed timeframe is in breach of Guyana’s Constitution
https://www.kaieteurnewsonline.com/2019/09/19/breaking-newsproposed-february-2020-date-for-elections-in-breach-of-constitution-abe-countries/

Orinduik now looks like a ‘big pool of oil traps’ – Holzman
Elsewhere, Holzman said that a jack-up rig is due to drill a well called Carapa-1 on a nearby Guyana licence later this month with the results due in the final quarter of 2019.

He noted that with an opportunity in place for Orinduik’s cretaceous play to be proven alongside its tertiary plays, Eco will soon formulate a future drilling programme for the block with its partners. “Key to this will be last September’s Competent Person’s Report (CPR), which identified numerous exploration leads, many of which will have been de-risked significantly…” he said. Holzman added that once the results from the three different horizons; the upper tertiary which is now proven, the lower tertiary that we established from Jethro, and later Carapa towards the end of October, the partners will then get together and come up with an exploration and appraisal plan for the next year.
https://oilnow.gy/featured/orinduik-now-looks-like-a-big-pool-of-oil-traps-holzman/

https://audioboom.com/posts/7373481-oil-man-jim-company-oil-gas-podcast-19th-september-2019

Yes the MM can offer what ever price they want. As you saw previous to Jo results price was dropped both here and TSX to around £1.35 then rebound but up to around £1.70 then the years high £1.94 and now three days later hovering around 1.50. A lot of people put stop losses which the MM can see, so if they need to fill orders for Institutions or Broker, then the price can be moved accordingly.

People have got to just accept the Markets are biased against the Retail Investor and that Institution make their money and profit from the public by using Fear and Greed against you.

Cheap takeover or Aggressive take over is not really possible, as 65% of share are owned buy Companies and Directors and 8.19 is not in public hands.
Africa Oil 18.09%
CIBC Asset Mgt 10.72%
Cannacord Genuity 9.57%
Hargreaves Lansdown Asset Mgt 4.51%
Trent Ltd 4.18%
Eco (Atlantic) Oil & Gas Director & Related Holdings 3.89%
Azinam Ltd 3.18%
GMP Securities 3.12%
TD Waterhouse Canada 3.02%
https://www.ecooilandgas.com/investors/major-shareholders/

The Retail Investor is selling and the Institutional Investors are Buying, that is the cycle we are in.
Markup Phase
During the markup phase, price breaks out of range and begins a sustained uptrend. An uptrend is defined as a series of higher pivot highs and higher pivot lows.This stage is when price begins moving up. The big money has established a position and retail investors are now invited to join in the profit party. This is the most profitable time to own the stock – an opportunity to let your profits run. The earlier you can recognize this stage, the more you can profit.
https://www.investopedia.com/articles/trading/08/stock-cycle-trend-price.asp

My page Level 1 and 2 shows as a Buy
19-Sep-19 09:54:09 154.00 120,000 Buy* 152.00 154.00 184.80k O

People should be truthful with themselves. Anyone Buying Shares in RRL are NOT Investing or Trading, they are Gambling at High stakes Roulette Table. I lost money in RRL some years ago and even then shares i hold, i can not sell due to SVS going belly up. In that time their has been multiply NEW Management. Then you get people posting how great the new Management is ect ect, then the tears as i all goes wrong. The cycle continues. My point is people should be truthful and not try to lock other Retail Investors into the cycle and losses. Accept you make a mistake Investing is RRL and move on. Do not chase your money by making others lose theirs with or hype. DYOR into RRL before you Gamble

oil in the ground plus money in the Bank $480 Million Vs Market Cap £285.82 m

I think Africa Oil should be added to the mix with their Ownership interest ~18%1 Board Seat right to take 20% ground floor interest on all future deals. In their September Corporate Presentation "Key Drivers to Grow Value- Guyana: Joe-1 Tertiary well and the nearby 3rdparty CarapaCretaceous well" "Namibia: Venus exploration well planned for Q2 2020"
Major discovery, confirms geological model and seismic interpretation•Potential upside in adjacent Jethro channel•De-risks multiple other Tertiary prospects across the block with further upside from Cretaceous targets•Best Estimate of net (15%) prospective oil equivalent resources in the OrinduikBlock: 597.3 million barrels (unrisked)1•Neighbouring Liza development estimated to have the lowest breakeven of the major global offshore developments at USD 35/bblfor Phase 1 and USD 25/bblfor Phase 2 on NPV(10) basis2•Rapid monetization: Liza development FID in 2017 with first oil expected in 2020

https://www.africaoilcorp.com/i/pdf/2019-09-aoi-cp.pdf

The most recent Competent Person’s report on the Orinduik Block notes that it holds, at best, 3.98 billion barrels of oil which are spread around 10 very defined leads. Should this oil potential be realized, Eco Atlantic, which holds the smallest working interest in the block, would be walking away with as much as US$3.6B.

This was recently noted by Chief Executive Officer (CEO) for Eco Atlantic, Gil Holzman during an interview with Proactive Investors, an analytical platform that provides data on a range of sectors, particularly oil and gas.
https://www.guyanastandard.com/2019/09/17/eco-atlantic-poised-to-earn-us3-6b-once-orinduiks-full-oil-potential-is-realized-ceo/

Exxon Mobil puts offshore Australian assets up for sale along with other regions

Exxon Mobil has placed most of its oil-producing development emphasis on the booming Permian Basin in West Texas and New Mexico, as well as the emerging deepwater market off the coast of the tiny South American nation Guyana.
https://www.chron.com/business/energy/article/Exxon-Mobil-puts-offshore-Australian-assets-up-14448961.php

Check page 24 and it will give you a good idea as to why Carapa-1 affects Eco Atlantic.. Just like Hammerhead, everything is interlinked in that area of Oil exploration.
https://www.tullowoil.com/Media/docs/default-source/3_investors/tullow-oil-plc_overview-presentation_September2019.pdf?sfvrsn=6

Why i believe that your price prediction will never happen.
Gil Holzman, co-founder & chief executive at Eco Atlantic, added: "Yet another oil discovery for Eco in Guyana, and we are delighted to have been successful on both of our first two wells. We share this success with the people of Guyana and our great partners at Tullow and Total.

"With Jethro and Joe as two proven oil discoveries on our block, in two separate horizons, and with multiple drilling targets in front of us, we are in a great place. We are well funded and budgeted to drill more prospects, as we continue to develop a world-class asset for Guyana and for our shareholders."

"The Joe-1 discovery, only a month after the Jethro-1 discovery, is very material for us as it has proved our theory of shallow low-cost plays exists in Guyana, as we are up-dip from the huge Exxon fields at Liza and Turbot areas, with good quality sands and oil that is clearly present on our block

Data from Joe and Jethro will now be evaluated by Tullow and its partners - which include AIM-quoted Eco Atlantic Oil & Gas Plc (LON:ECO) – and in the meantime, the company’s 37.5% owned but non-operated Carapa-1 well will be drilled with a ‘late September’ spud expected.

Carapa-1 is hosted in the adjacent Kanuku block. It will be drilled with the Rowan EXL II jack-up rig. The well is targeting a e Cretaceous oil play and the result will be due in the fourth quarte

Two much going on in the area for the price to drop so much.
https://www.worldoil.com/news/2019/9/16/exxonmobil-finds-more-oil-offshore-guyana-at-tripletail
https://www.oilandgas360.com/africa-oil-announces-second-oil-discovery-offshore-guyana/
https://www.google.com/search?q=guyana+oil+and+gas&source=lnms&sa=X&ved=0ahUKEwjRvouW69nkAhWiguYKHQz3Dx0Q_AUICSgA&biw=1908&bih=909&dpr=1

News can come anytime from multiple sources and when it does the SP can move very quick in both directions
If you need information on how good thing are, then please to
https://www.ecooilandgas.com/
https://www.tullowoil.com/
https://corporate.exxonmobil.com/News/Newsroom/News-releases/2019/0916_ExxonMobil-announces-oil-discovery-offshore-Guyana-at-Tripletail
https://www.total.com/en/media/news/press-releases/total-enters-exploration-prolific-guyana-basin-three-exploration-licences

The discovery of 52 feet (16 meters) of continuous high quality oil-bearing thick sandstone at the Joe-1 exploration well offshore Guyana is being viewed as a significant development by the explorers on the block, particularly since it opens a new play and further defines potential targets.
https://oilnow.gy/featured/joe-discovery-proves-shallow-low-cost-plays-exist-in-guyana/

Tullow Oil (Operator) along with its partners Total and Eco Atlantic Oil & Gas, will now conduct a detailed evaluation of the Jethro, Joe and Hammerhead extension oil reservoirs on the Orinduik Block. A Competent Persons Report (CPR), released prior to the discoveries on the Jethro and Joe wells, defined Best Estimate of Gross 3,982 million Barrels of oil equivalent on the block.

“I am very pleased that we have made back-to-back discoveries in Guyana and successfully opened a new, shallower play in the Upper Tertiary age of the Guyana basin with our second well,” Tullow’s Exploration Director, Angus McCoss said on Monday.

Guyana: The Start of an Oil and Gas Era

Guyana’s oil and gas industry is still in its infancy. In 2008, ExxonMobil subsidiary Esso Exploration & Production started exploring the country’s offshore territory, and in May 2015, it became the first company to discover significant hydrocarbons reserves through its Liza-1 well in the Stabroek block. Guyana now has estimated recoverable resources of at least 5 billion boe at Stabroek, from which production is expected to hit around 750,000 boepd by 2025.

The domestic offshore sector has gained much attention from international players since hydrocarbons were first discovered. Besides Stabroek, the country has seven active blocks in exploration and development phases: Kaieteur and Canje, also operated by Esso; Orinduik by Tullow Oil; Kanuku by Repsol; Corentyne and Demerara by CGX Energy and Roraima by Anadarko.

New licensing is off the table until around 2020 to allow authorities time to clearly define policy and implement mechanisms needed to properly govern the industry and ensure sustainable growth. International institutions including the World Bank and IMF have provided support to Guyana in its endeavours to establish strong regulatory frameworks. Additionally, the Ministry of the Presidency established the Department of Energy in August 2018, transferring to it care of the hydrocarbons portfolio from the Ministry of Natural Resources.

All these developments will be covered in The Oil & Gas Year Guyana 2019. For a comprehensive view of Guyana’s market, see our business intelligence platform TOGYiN. TOGYiN features profiles on companies and institutions active in Guyana’s oil and gas industry, and provides access to all our coverage and content, including our interviews with key players and industry leaders. TOGYiN currently covers 35 markets worldwide.
https://www.theoilandgasyear.com/market/guyana/