Member Info for Ecuagold

Am I missing something? Premier pay for the drill for well over 1 billion barrels, which looks like two thirds of conventional. With no cash up front, why didn't we just cash raise and do the appraisal ourselves, there by retaining most of the conventional? Dilution is painful, but do the maths.

Brian, what the hell are you on about? A serious lack of money will hamper any attempt to develop Yukon. The market knows that, and also knows this company now goes into a coma for the next several months. No decent money arriving from the FO is a real kick in the *****.

Haha. Having a good laugh reading this. Not hard to tell the ones with all the eggs in the basket. All the ramping, is it really worth it with this company? Find a young company and hype that. Even Ukog turns over 25mill daily.

Have bought and sold this company 92 times since Jan 5 2016. First transaction was for .37p. Over half those trades were in Feb and March 2016. Profit was very healthy. My last buy was this morning @.94p. Surely any half decent deal will send the sp towards at the very least, 2p.

Happy retirement, Guzzler. You're one of this board's good guys.

I see it as this:- this company very much mirrors sxx. Both have a fantastic resource which is totally undeniable. Unfortunately for both, the management are useless. Wall comes out with statements such as "hitting the payzones", regarding the Winx fiasco (drilled on old data). Other comments as transformational in nine months, just leaves him open to ridicule, and so maybe the market starts to give him and the company the cold shoulder. It seems the 2 billion barrels of oil has been farmed out to a tier 1 company, but the market could not care less. That's down to the incompetence of David Wall. An unbelievable resource, currently valued at a sp of 1p.

Second that, rfarfa. Jiddy, you should be absolutely ashamed of yourself. Disgusting, bullying behaviour. Please do not come back.

Everything is signed and sealed. Just loose ends to tie up.

Roll on next month. Looking really good. Turn's out we are the real deal.

Oil search paid $400 million for proven oil. Not a drop from 88e has yet to be proven. Who on earth would pay that kind of money for something that could turn out like Winx? I certainly would like$400 million. I would be made for life. Until that day...

Has happened a couple of times before, and then a fast jump back to the mid 30's. Great buy.

Kite, agree with you. Rocky road short term, and the SP could suffer, but longer term is a lot brighter, I hope!!

We should find out what is happening, today.

https://www.theguardian.com/business/2019/apr/25/oil-prices-summer-us-iran-sanctions

Seems this could soon be springing to life.

Jiddy, the OSH Armstrong deal was for a proven high grade oil find. We have yet to prove up any of our conventional assets. Could be like the crap they found at Winx. Although, I very much hope not.

With you on the salary. I find his incredibly huge wad disgusting. As for the so called bonus... hope he donates it all to charity, or better, buy 88e shares and cancel them. A bonus for doing his job when their are several billion barrel's of oil waiting to be brought to the surface?!!!

I am not a fan of Wall, but to be fair to him, limited time and money have severley hindered the efforts to bring oil up. Limited summer drilling time for shale does not help as this was first priority. Conventional is more recent with finds growing into something really huge and very attractive to bigger companies. The Winx drill was from the hip and a distraction, and sadly failed.

This board is just a bit of fun. No-one takes it seriously and not one person is long. We are all traders winding each other up during our toilet breaks.

Jiddy, I like your upbeat tone. My guts still feel like they've been kicked in.