Member Info for battle99

The cpr will show an uplift in total oil due to quality of the sands so far and they have identified additional targets. The main issue is simply whether tullow will drill. If they commit to earlier than end of 2020 (eg in the summer), then the share will rise, if its all looking abit woolly, then the share will sink further. Even if tullow farm down, then we could still see significant time elapsing, as even a major such as Total, doesn't have to drill in 2020, as its not dependent on this block like eco. Having sold and lost some of the profit from last year I will wait until the drill plan is confirmed.

Fingers crossed here after buying more yesterday. For me it was the fact that the drill rig and nearly all supporting vessels had to leave by 30th Nov at the latest or another notice would have been issued. The maritime notices state that there are two ships possibly around till end of Dec at the latest. If the drill was a duster, then I think we would have heard by now, so I think there is oil, but testing is ongoing. If there is oil down there, then probably the main risk is reservoir quality and this has been excellent in the nearby exxon fields (and for our own tertiary targets). Also there was a link on lse on Monday to a newspaper in Guyana stating that at a conference in London, Total’s Guyana operations manager hinted that they might have a significant announcement before Christmas. The conference was on the 23rd Nov, a week before the drill ship had to leave at the latest, so I think at this point he would have had a good idea as to how the result was shaping up. Anyway we’ll see.

Classic.... If the well is good, its bad for eco, and if the well is bad its bad for eco. I guess eco might as well closed down.....

Wow..... Up to 75% gcos, such large volumes of oil yet mcap of under 80m. And bp just couldn't be bothered to test because of difficulties. What price do you think it will fall to if unsuccessful?

Pro loves the doom and gloom on here, but is Mr rose tinted glasses over at 88e.

Hi pro, what's the chance of success for the well that 88e are drilling. Havent seen the management shouting about it, so can't be that high. how low do you think the share will fall if a duster?

I wouldn't want to be out of this over the weekend :)

Zzzzzzzzzzzzzzzzzzzzzzzzz. Bring on the results to save us from the ranting and raving.

People who have a different point of view from me are stupid and uneducated, whereas I am clever and educated. Oh the irony!

I think you are right there has been too much hot air with this company and people want to see actual flow rates. However, having been here a few years it is annoying to take the risk with it seems little gain at the moment. Even with good flow rates I can’t see this rocketing up, yet if there was any bad news the share would tank 50%. Basically hoping that the LE does occur and JP has had strong interest to back up his bullish comments in the past.

Good news for the share price, but wish the company had been clear about the location of the potential net pay, as its left the question is it just all in the structural closure. The line below suggests it is, and that maybe gas is to be found elsewhere at a sweeter spot in the stratigraphic trap, hopefully a little more clarity in the next week.

"The Company will also initiate seismic analysis to establish the Company's internal estimated gas resources of the structural closure and the upside potential of the North East Lakbir stratigraphic trap."

I also think there has to be some new info, probably GSA, and the FSC is to get all the long standing negative questions out of the way, before discussing the new info in the CC. Otherwise what's the point!

The price drop is only a good thing if you believe in the potential, and has allowed me to get some more shares. It's only bad if the drills fail, and if that happens the price will be alot lower than it is now anyway. Only the results matter, not what the price is at the moment..

I went to the AGM, but couldn't stay for all of it. After the main event Brian went through some of the slides shown at Norwich. He stated that amongst other things C was the highest point being considered for drilling so best chance of gas. Previously it was stated that AVO on the southern side of the 'A' structure showed an anomaly, which should mean gas. I asked that as C was higher (but not covered by AVO) we should have gas in place. Answer was Yes. It was also stated that higher chance of oil in the west (can't quite remember location). I asked JJ afterwards whether this made a sale more difficult than a pure gas play. He stated no, oil offered a higher potential upside. And that oil could be trucked to the coast.

some huge buys went through today looking at the top trades by value. looks like the big money saw this as an opportunity.

a slight recovery off todays low... should continue upwards next week. I think that oil will be going down to the high 30's next year once iran starts pumping. as iag was operating in $100+ oil a year(ish) ago, i think returns will be higher than they have just recently released.

Should rise again after todays blip. As short term this gives IAG access to cash with a very very low rate of interest. With regards to additional shares being created, not great, but this is an issue 5 and 7 years down the line (if the option is not bought out by IAG beforehand). Good re-entry point, given oil should continue to collapse well into next year.

with cheap oil now confirmed for the next couple of years, thanks to the iran deal, the share price goes red!!

I was disappointed with the 'Excluding store closures, sales were broadly flat.' as the same quarter last year wasn't a good quarter for the company, so general sales haven't really improved (although point taken about difference between profits v's turnover in earlier messages). i sold out this am, as think this will drift down until some sound good news. there's been a good bounce since early this yr, but based on slightly positive q2 compared to a very bad q1. will watch and wait..... hopefully this will be turned around over the year.

i think this will only rise once the 'will they/ wont they' have a rights issue has been sorted out. then i might come back in, otherwise could lose nearly everything on this one. will watch and wait.