Well, at least the slumbering ECO has woken up. Some disingenuous posting included, but it’s all part of the mix and pointing to a seismic shift inbound.
I love Gil’s enthusiasm but have to acknowledge he’s been regularly guilty of over-promising, which has left many investors frustrated and even angry. With the rig business he must have been advised of the earlier date being possible by Island Drilling, though.
Not seen that myself, but as Total have created a JV company with QP to satisfy Government unease, thereby making other moves more complicated, it’s probably a sideshow they can wait out until Tullow shape up or ship out.
Guyana government has confirmed its auction for offshore blocks to take place during Q3. Obviously one wonders if ECO will be in the mix one way or another.
Well it’s encouraging to see buys finally back over the 30p mark - pathetic that that figure is given the inherent, multiple opportunities. Let’s hope the Gazania tidal surge is finally on.
Submit drilling commitment by end of Q3 - so quietly slipped from previous date in Q2 then. Shame ECO didn’t think it worth explaining the delay themselves even if not their decision.