Member Info for hereandnow

Stock is held pretty tight here. The MMs will have to raise or lower the SP to shake out some stock. Put an order in and hope it gets filled.

how they have revealed the planned second well site by accident, surprised they didn't give it a bit of fanfare .

Very happy to see they they are drilling a tertiary and cretaceous prospect in the same drill, it is what I had hoped for, just didn't have any idea re. which combination they would go for. It seems they have chosen tertiary plays that provide the best COS but are not huge combined with good sized higher risk, lower COS Cretaceous plays. All very prudent...certainly they are trying to de-risk the wildcatting as much as they can.

Come on Mike, they've only had 4 years to sort that out!

That'll be WSG holders then!!!

One could assume that the list is in date order.

No.12 security equipment for Belarus embassy...doesn't say which country but we have this contract news from February
https://www.wsg-corporate.com/news/new-contract-award-zambia-embassy/

Check out No. 10........'as required by the Nigerian customs service.' sounds like this could be one of the tech contract 'irons in the fire' that we heard about last year.

The question here is, Will there plans to improve the production kit which is problematic and unreliable require more funds? So far they have raised a few hundred thousand every now and then which has helped pay for a few improvements but is largely been used for every day capital?

TBH, if I was in the well 2 decision team, I might wait and see where Exxon are planning to appraise Hammerhead. I might then leave the second well choice open until the results come in. Nominate a provisional second drill site ( I think this will be a well to drill through prime tertiary and cretaceous prospects in one drill, there appear to be a couple of spots like that but as to which one, no idea) but have the flexibility to adapt plans depending on Hammerhead appraisal.

good job, just shows how seriously they are treating hammerhead

Good work fellas, just hope they get the cash up front if they do any sizeable deals in Nigeria!

Thanks for the correction, good to see. Making preparation for Phase 4 hopefully.

Good work itsyou.

So, according to Hess, the next well after the current ones will be an appraisal of Hammerhead.If they are shooting another round of 3D surely Exxon and Hess will wait to see the results before drilling Hammerhead again?

Or, from the 3D they got from ECO and the discovery they can drill an appraisal of Hammerhead. And the 3D is to get a better picture over the entire area to get the full extent of Hammerhead and any other prospects?

Thoughts out there folks?

Why? it is the wet season, can't really expect any decent numbers. If they had found any more big stones they would have RNSd

The rules state that if you acquire 30 % of a company, you are obliged to make a bid to buy the whole company, hence you will see many large holders take their stake up to 29.9 %.

For reasons I am not familiar with some people go over the 30% and then are given dispensation not to acquire the company.

LC Capital master fund and Brandon Hill have been v supportive share holders for many years. They've provided loans, equity funding, stood their corner at every funding right the way through the dark times. I wouldn't be surprised to see them lend the company some more money to keep them going Until post drilling.

There is only one ending for Lansdowne and that is a buyout, most probably by APEC at the end of the drilling campaign.

What price? On a successful drilling campaign, anything from 10p-40p. It just depends on the economics of the resource i.e. converting 2C to 2P, more discoveries, porosity, flow rates, costs of extraction.......lots and lots of maths which will only become clear t the end of the year IMHO.

In the mean time, the MMs have no stock!

Namibia has never been worthless to me....I think one day it will pop, don't know when, just needs one good discovery.

That's a good email and I'm sure it is something that ECO have discussed at length behind closed doors. They are funded for 3 wells. 2 are happening soon with a very good COS, they have already de-risked by raising funds via Africa Oil and farming down to Total. I suspect they will let the drill campaign happen unless they need to raise money for an acquisition.

another attempt at a shake, no volume to justify the drop from 102 to 98. TSX at 101

That was quick, blimey o'reilly!! happy days continue102p on the ask. Just wait till June!

I'll be there. Let's hope we have champagne this year.

till we break through £1?

If high volumes are sustained on TSX, not long.