Member Info for hereandnow

are 'OK'. A much needed stabiliser. CPO prices are still too low for the company to be making much money but I suspect they are making some profit. They need a good Q2.

Every year they have had 'a problem'. Some out of their control. They need a clean year of production and sales, the cashew nut business to develop smoothly, on budget and time and I think this will restore the market's faith in the company. A bit of journey but very doable.

The bear side is the relentless slating of Palm Oil as a commodity and the wish of first world consumers to not consume it. Unfortunately the facts are not relevant when sentiment is such. DKL are somewhat insulated from this by all their sales being in West Africa. However, world over supply of vegetable oils, palm and soya, will always dictate the fundamental price.

I still think DKL will make it, might take a bit of time but this Cashew project looks a decent diversification.

I have been through this a lot in the past few days/weeks. I found it difficult to understand the reasoning.

Jethro, is lower Tertiary. Joe, upper Tertiary. Both have over a 40% COS which is incredibly high for wild catting.

Jethro is the first drill. They are obliged, as part of the agreement they have with Guyana, to drill all the way down on their first well and test the Cretaceous . It is a stipulation that they test the Cretaceous . Even though there are no prospects high lighted on their 3D mapping in the Cretaceous underneath Jethro. Sounds a bit nuts and a waste of time and money but it is part of the licence agreement it seems. C'est La Vie! So they will drill down and find nothing.

Lying underneath Joe, it looks like there could potentially be a Cretaceous prospect called Rappu. As it stands, they don't plan to drill down into it. I suspect where they are drilling Joe is an optimal spot for hitting Joe in the Tertiary but probably sub optimal if they drilled down and had a go at hitting Rappu in the Cretaceous .
I also understand that plans could change mid drill....and they have loads of financial running room if so.

What is clear to me is that Tullow really understand Tertiary plays. Tullow and ECO provided Exxon with the 3D for Hammerhead because they could see the structure clearly and wanted Exxon to drill it and prove up the Tertiary play for them. A successful result had massive implications across Orinduik. They did and what a fantastic result for everyone.

Tullow have been drilling out Tertiary plays off shore West Africa very successfully, same geology on either side of the Atlantic hence they are very good at reading Tertiary plays on 3D.

Meanwhile Repsol, Tullow and Total are drilling Kanuku next door at the same time. They are drilling a Cretaceous prospect which will have a read across for Orinduik (watch the Tullow video that itsyou posted the other day at the times he highlighted). This is pretty handy and will have affected their decision making a wee bit on Orinduik.

From the partners perspective, ECO needs to hit oil with one of these two wells as does Tullow. ECO because they are a minnow and a hit would multiply the value of the company several fold and Tullow need a hit as it will allow them multiple financial avenues to appraise, develop and produce the block.

The two prospects chosen have the best COS. Best bang for your buck and all that.

Yes, looks like it is heading to Brodick , Isle of Arran. Hopefully waiting for the green light to go or else it might be on another job first. We will see. I know the partners are anxious to proceed as fast as possible.

buys just slipped in. About £250k more shares going into sticky hands.

Use what you like mate, no problem. Itsyou's research has all been spot on as well. I'm sure he wouldn't mind you passing on his posts and links.

4 huge wells for ECO this summer.
1/. Exxon appraisal well of Hammerhead
2/. and 3/. Job and Joe
4/. The Cretaceous well being drilled in the block next door will help further de-risk our Cretaceous blocks.

The raise will give GH negotiating room. Cash in the bank, a fully funded appraisal campaign to follow the summer's discovery/s. No need for funds, no pressure on the SP. Any suitor will have to pay full value for the asset. They couldn't try and squeeze the price because the company was desperate for cash. A small dilution now will lead to a much bigger premium being paid for the asset IMHO. If they hit oil this summer, I can't see ECO owning Guyana by the end of the year. The raise is a very wise move

If you were a good christian you wouldn't fart in church!

They are a quango and the government does fund them

It is worth watching the PVR presentation at oil capital again. The reason Exola have remained in charge of the whole process is because they have been through and understand all the local needs re. regulations. It is the government that messed up with the site survey. An Taisce is a body funded by the government to make sure the government follows all the regulations.

All is good here, everything is going on as planned. We should here something this month re. the site survey and I know that all the drilling permitting is going on in parallel with the site survey work. Q3 drilling is on.

Apec knew all about the proposed bill before they farmed into the asset. It is not an issue. There are expectations now that the bill has gone through to the next committee stage that there will be a series of amendments made. All current licenses will be honoured and allowed to go into production.

1/. Well done Gil for all your hard work over the past few months, a really good money raising here. Great price, over subscribed. ECO is now sorted for the next 2 years of drill campaigns. All questions re. cash position post drills this summer are removed. No hand brake on the SP. If we hit oil this summer, ECO has cash in the bank, a great position of strength to negotiate from. If we have dusters, ECO has the cash to go again, second bite of the cherry and all that.

2/. AOC bought into the company at 29p 18 months ago, they have now bought a chunk more at 80p, fantastic partner to have clearly and great confidence being shown in the assets.

This under pins the SP now and we have a new base/ SP launch pad to move on from

And that defines how the share registry moves from retail to II over time in successful companies . Still regular bulky trades going through on ECO, the pull back from £1is making retail irritated wishing they had sold at the highs, they now fear losing more of their profits, so they continue to sell. Opportunity continues to present to those with deep pockets.

Price per carat false as bent by those two big stones. Production at top end because there was less rain than normal. Nothing has really changed, a neutral update. The key is how are they going to improve production and get the plant to operate without problems.

Yet fairly accurate!

It has been voted on and passed from committee to committee several times. It will be stuck in the next committee for some time, eventually they will either run out of time or it will get voted down and binned. No one in government will want it passed, it does not make any sense at all.

If it does get passed into law, which will take years, it will not affect current licenses so Barryoe is clear. Other asset development might be problematic but we are talking about years. The government need the money, cannot afford to pay compensation or be mired in court for years. Reason will out.

FGS....! Building the 5 storey training centre is part of the contract. It won't be built until the contract is signed off. Once built , once they have trained up everyone at the Khomeni Airport.....what does everyone think it will be used for?

Not before June, time lines always slip.

Heated car seats?

We all appreciate your research Eskers, keep it coming. Any updates on SL numbers for 2019 vis a vis last year?

Thanks, page 4 on google. Eskers sure is tenacious! I rarely get to page 2 on any search!

What exactly are you googling Etin? I can't find it , probably being thicker than normal.