Member Info for hereandnow

Exactly, O&G exploration and development is ON...that is what it means. There is more red tape to get through but, in the long run, that is not a bad thing, it just means there is no 'come back' .

We might end up drilling in Q4 rather than Q3 but so what....4-6 well campaign with at least one horizontal side track to appraise, develop and explore Barryoe is only a few months away.

The risk of not drilling has been taken away. Cnooc drilling application has been granted and they will start drilling very soon. Completely changes things here. V good news.

When is it?

Basically , half a million from the tech contract that was included in 2018 in the jan update has rolled over into 2019.

CLNs rolled over and an interesting clause....they can be redeemed at any time by the company without penalty.

Debt collection...who knows if they will ever get this, 'Billy bonus' if it turns up, but I won't be holding my breath!

Last year they put out the CLN RNS the same day as results, this year, two days early...why?

I am really looking forward to a full and thorough update this Friday.

I hope we get 'some meat on the bones' with regard to the Iran and African MSCs...though I somehow doubt it!

It would be also good to hear about all other contracts in the offing, we know there are many....but no facts so far.

The numbers look pretty good for last year, not sure if they will be EBITDA positive as they had to roll a chunk of that $4.5 million contract into 2019. I suspect that goal might be tough and go. Still, 2019 looks fantastic. I've got £9million plus turnover without doing any fresh business. I wonder if we will get any forecasts....!!! it would be nice for a change. They should have pretty good transparency going forward. SL numbers have been excellent this year (though seems to have dropped off a bit in the past two weeks...from about 13/14k per month to 10/11K...not sure if this is seasonal??)

I'm very interested to see if Keyguard has bedded in well and is providing the anticipated revenues and profits. Have they collected those outstanding debts? How much have they paid out in total?

Not long to wait now.........can't be much downside from this market cap considering the progress they have been making.

There is. nothing to talk about....until the rig starts to move...not long now

needed some permitting, tie in is simple.

at $1.75 after a large trade or two...£1.01

That is correct Gibbo

https://eu.desmoinesregister.com/story/money/agriculture/2019/05/10/us-china-trade-war-iowa-farmers-take-hit-tariffs-increase/1143730001/

$1.83....£1.05....hopefully it will close above a pound

Why do you pay good money to listen to Winnifrith talk shit? ...everything he does is click bait to drive traffic. He courts controversy , nothing else.

is what I am as to where the SP will end up...!

I do know there is lots of oil there and I will stick around until they prove it up and sell out of Orinduik for a lot of money.

If they hit on one of these prospects it will be huge.They already have Hammerhead. After these appraisal wells from Exxon we will hopefully hear them give an estimate of recoverable oil on just Hammerhead...it looks like it will be 500 million BOE plus...hopefully nearer 1.5 billion.

If they could prove up 400 million BOE in Orinduik in this drilling pass...that would be 60 million net to ECO. They would sell their share in the block for way north of $500million. The one thing that would really add value would be a third well into a Cretaceous prospect...that would put multiples on the price.

It seems to me, investors of all shapes and sizes are working out what position size they want to have through this drill campaign. Many, in from earlier levels are de-risking/taking some profit; Others, seeing the 80p placing see this price as a new 'floor' and a good time to get in. The placing was heavily over subscribed so there will be ii buying on the market at these levels. This process should 'wash' itself out over the coming weeks.

ECO has de-risked its Guyana asset and position very well over the past two years.

Strangely enough, this feels like a O&G play from yester year. I can see the SP trending up right through the drill campaign and a multi bagger on a positive result or two.

They may well test both wells on MS before releasing results. It would give a more comprehensive picture. They would also have gained more knowledge re. the resource...they will then be able to determine the best way to go forward.

VG4 gas tie up in process. It will be done soon.

We could see one RNS revealing VG4 on full production and associated rates plus the results of the MS tests and the plans going forward there.

It might be better that way rather than itty bitty RNSs

in Jersey.....that really helps share holders...NOT. PISS POOR.

Trevor Brown, you have been a share holder in numerous companies. You like to hold directors to account, you like to meet company managers. How the hell are we supposed to meet you and David Smith when you do not even meet share holders via an AGM?

No matter how much they produce, if they can't turn a profit then they are more or less treading water until prices improve.

two things

H2 and H3 spudded s per Alexios's post.

Gil is in London often for a multitude of reasons

don't worry, he's a ****.

so daft he is amusing