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Nomadicinvestor - the market and me included are not expecting anything from Cretaceous on JL but GH has twice referred to a deeper target that would open up a new play below Jethro on two different video interviews. They have played this campaign conservatively from the very beginning and for the well researched I don’t think it’s unrealistic to expect the unexpected.

I will say no more on the matter as it’s unknown but imo a possibility. Especially when the CPR says that other prospects exist but have not yet been mapped. Expectation is that these will be mapped following this campaign.

They really are trying to hold this down. Someone just paid 78.75 for 14k odd when spread is 77 v 78. They won’t be able to hold it down for long.

Now that the rig has been mobilised and confirms that the Upper and Lower Tertiary aged turbidites will be tested, also drilling deeper into the Cretaceous section which could prove an entire new play. This first prospect should be considered as a stacked multi target drill which imo further reduces the risk.

In addition to this, it has been speculated that the hammerhead discovery is the largest individual discovery so far of around 1 billion barrels of which up to 10% sits in our block. In such a scenario up to 15 million barrels at a conservative $5 net valuation provides us with $75m of in ground proven resources. With cash of $35m to drill up to an additional six wells you can see why the current market valuation is cheap.

You could argue even given the low level valuation of hammerhead resources following unitization talks and current cash position that the market values the remaining prospects and upside potential of Eco at around £30m. Laughable.

When the crowds arrives we have plenty for them to dig there teeth into:

- Hotspot acerage
- Active companies in the area with deep pockets
- Low cost of production
- Massive resources
- Unitization
- Further farm out
- Additional acreage
- Fully funded
- Multiple prospects in Guyana alone
- Corporate updates to put a spin on proceedings

It’s like nothing I have seen before when it comes to pure exploration and managed risk.

Starvin, you need to check the vessels specification sheet which is 12 knot cruise.

Mobilisation and spud both still on track for June imo.

1.50 v 1.55

1.47 price!

1.47 v 1.56

Widest I have seen for some time, don’t get it!

It becomes very obvious when someone is trying to talk down the share for the benefit of buying lower and while I accept that oil prices are not helping, I do not believe that we have a strong correlation to POO as an exploration company. With the lowest offshore cost of production per barrel Guyana is here for the long term.

We will be waiting for Tullow to complete it’s current operations before mobilisation of rig to Guyana and subsequent spud for which their will be an RNS for both. We can estimate the vessel taking 12 to 15 days in transit and therefore we can still expect the rig to spud in the 1H of 2019 as per guidance. Only an RNS would change this and I don’t believe anyone should be concerned that this won’t happen at this point.

If it goes lower, I buy more, so thank you.

I estimate the distance between locations is approx. 5115 nautical miles as the crow flies. From the drill ships specification it has a transit speed of 12 knots so it could take 18 days to arrive to location.

If we assume 10 knots to allow for any delays it’s 21 days to travel to site. I therefore expect a mobilisation RNS this week, latest Monday week. With spud by the end of June depending on confirmation of mobilisation which will give final guidance.

Why do you find it likely that they will miss the suggested spud date of the 8th June KH suggested by such a margin? To me that sounds like a bad guess, is it?

No Wallact, was intrigued as my flight had just landed and wondered if we had a new article that said as much. Can’t be long now though.

How do you know? Thanks in advance

Given the fact that this is unreported and that the sells appear to be going through at 82.5 I am expecting this to breakout in conjunction with the tsx this afternoon from the short term intraday downward trend.

Your trade appears to be unreported if it was exactly 40k!

Everything happens for a reason ;-)

https://www.660citynews.com/2019/05/29/guyana-state-agency-gives-details-about-oil-blocks-probe/

Bullish move expected

Can’t wait for Monday with more cash at the ready to add to my position.

Especially if LSE is slow to reflect TSX.

Wow, something has leaked. Must have, how correlated are the lse and tsx prices?

£30k worth of conviction. Looking promising.

I hope so but it appears that they released a similar non-regulatory RNS prior to the last presentation so not getting hopes up just yet. I took a position today hoping to join the party before the heard as if they secure funding it will be many multiples of today’s price. Expecting 2p without funding RNS given proximity to spud and therefore the assumed funding following bridging loan.

A non-regulatory RNS, saying they will be providing an ‘investor update’, this may mean we can expect an RNS in the morning as I don’t envisage a new presentation requires an RNS of any description.