Member Info for Goldigler

Just been throwing some numbers at the Guyana discoveries.
Jethro - 20km2x55m deep = 1,100,000m3 x15% porosity = 1,037,850,00 bbls x 20% recoverable = 207,570,000 bbls x ECO @ 15% = 31,135,500 bbls to ECO, sold to a n other @ $8 (£6.67) /bbl = £207,570,000 / 181,398,973 shares = £1.14 per share. Add on say £0.70 base share price before Jethrow; current share value would be £1.84.
Assuming Joe & other wells in the block are successful any sale of ECO's interest could easily reach £5.00.
Happy day's :-))

Bounce back from here to keep the uptrend going

upward trend with higher lows since mid June is intact, next leg up towards 90's should happen in the next week or so.

Quite a fall over the last week, is it manipulation or somebody knows something?

If it holds, next stop 90.......

Higher lows, break 82, next stop 90 :-))

So how do we explain that !

DBNO just likes the sound of his own voice, take no notice.

Since when did you buy shares to short? Methinks that ti's t'other way round

Hmmmmmm, think you're wrong, currently over 2% up

Follow the money folks! Goldman sucks now own 8% of pmo, get your bargains whilst you can!

She's gonna blow!!

250SWB: I know it may be pie in the sky, never say never :-} but I'll settle for the 9000bpd!

Tobifera
Laguna Maria well, 18km from EMS 1001 :- 4m = 300bpd
EMS 1001 :-
Current test fracking 2 x 15m = 2250bpd
120m naturally fractured = 9000bpd
250m (producing out of 500m column) = 18750bpd = TRANSFORMATIONAL

site was down yesterday and seems that all the words of wisdom posted earlier today have disappeared

This is AIM, expect volitility there may be large sells just to spook people into selling ahead of the test results. As far as I'm concerned, they know no more than we do until the RNS lands.

Extracts from Edison Exploration watch August 2018
Potential for upside in Tobifera
The Austral basin is the youngest of the five producing basins in Argentina and is situated in a highly active tectonic zone. The basin constitutes a thick succession of sedimentary rocks and volcaniclastics deposited on a folded and eroded basement cropping out along the northern foothills of the Fueguian Andes. The main productive levels are layers of the Lower Cretaceous Springhill formation and the Jurassic Tobífera. Production has historically been dominated by the Springhill, with the Tobifera not as developed to date, but now emerging as a new play in the basin. The volcaniclastic nature of the Tobifera makes it more difficult to interpret using standard logging tools and interpretation techniques, which has come to the fore for Echo with the interpretation of a Tobifera interval in the 2018 EMS-1001 well that could be up to 500m thick. The company has had the suite of logs from the well analysed by several experts, but its understanding of the Tobifera is still developing, and the interpretation of the results will only be confirmed through testing of the well. If the test confirms the log interpretation of the Tobifera, this could open up extensive further potential through a re-evaluation of the reservoir across the licences.
EMS-1001 (El Molino Sur) well in the south of Fracción C targeting gross P50 recoverable resources of 11.4mmbbl in the primary Springhill target. While gas shows were encountered in the Springhill, it was the secondary Tobifera target that provided a potentially more significant result. Elevated gas levels with the full range of gas shows over 120m indicate intervals of potential net pay, while further additional intervals may flow with stimulation. From pressure data, Echo and CGC believe the fluid is likely to be a light oil. For comparison, the Laguna Maria well, located around 18km from EMS-1001, tested a 4m interval in the Tobifera at 300bopd in 2016. The Tobifera was not evaluated as part of the GCA CPR.

They have said the springhill would need its own well

Plus the springhill, the tobifera was a bonus!

The way I read it, we have 120m of naturally fractured which will flow on its own. The fracking is to test the rest where the rock is 'tight'. Could have a huge production column!!