Member Info for InJamesweTrust

Looks like US opening lower, possibly due to potential action in Middle East

Or just a bit of perfectly understandable Friday profit taking.

Wouldnt be singing that yet.

Lots of execution ahead but lots of potential upside from said execution.

Thanks - that link worked.

Did note as he closed, Gil stood by the SB chap flippantly saying when youre back next year we expect £2 and he said remember we told you.

He also suggested he still hopes to see an SA drill in 2026. A successful drill in SA alone is worth £2+ Id say. Gil suggesting Nayla is more than a billion barrels. The wider licende has more than 5x that if I understand it correctly.

For Guyana until licence negs finalised hard to be firmer but Id expect Guyana want drilling sooner not later.

Maverick

The number of shares versus share of the licence broadly equates to the same interest in the licence per share.

Agree AIM has changed somewhat but few shares previously could demonstrate the multi faceted prospectivity Eco currently has and the importance of good partners with financial backing.

Taking stick around 90 days after the Navitas deal was announced the SP has had a good run, being up almost 7x its lows. What next?

10 bag in time is certainly possible and more looking at the Canaccord note but when and how?

My feeling is we may see activity in SA and/or Orinduik before 2026 is out.

Mentioned a while back Id expect t some action on Namibia in Q1'26 but it may be us doing seismic rather than Majors farming in.

Maverick- even without producing the barrels innthe ground mean the right drill resukt(s) could easily see this traded in £'s within 12-18 months.

A find in SA and FIF on JJ would be worth more than a couple of quid each on the SP.

Frustratingly haven't got the link to work for Gil's presentation yet but certainly looks like interesting times ahead.

Didnt get a chance to dial in to Sparebank and wonder id anyone listened in?

Dont expect anything we don't already know to be fair.

The messaging seems to be concentrating on what T&T can bring and says very little about what will be conceded for Cost Recovwry and funding an exploration drill on Geurcif. Think PG will struggle to retain much more than 20-30% of the licence and what happened to Titanosaurus

If the ITR is on MOU-3 and MOU-1 is this where drilling would be concentrated?

Potential still for some value on that basis but he doesn't commit to timelines post ITR and would suggest mid April is fairly unlikely.

A few million barrels of oil in Trinidad don't really do it for me but there may be a bump from ITR (which I don't put much store in compared to a CPR) and that could be a good point to time an exit. As id imagine news after that is heavy dilution of the Guercif stake. Of course, if ITR is not great then there wont be any bump in SP.

Time for PG to put up or shut up and despite.my views on him hope he has not painted himself in to a corner.

Mick

100p target 140p if/when Orinduik/Block1 is exercised by Navitas.

Range of unrisked values based on assumed oil prices. Central assumption of $65 oil gives unrisked value of 650p+

The note states their assumptions are narrowly based - don't think they take in full potential of Namibia and not sure how much of Block 1.

Haven't read it all yet.

Euro

Rhino is privately held, so no ramping involved.

More a tongue in cheek koke about absence of tangible news here. Blind faith by many persists.

Id love people's views on what happens if no answers on divestment/value creation by mid April?

All

For the avoidance of doubt, worth checking out what Rhino announced as results yesterday. That's what flow rates look like.

Don't worry though, PG says we are under valued and he wil sue the stock market or something and other people post rockets, it will all be fine.

Wallact

Are you saying you expect it to 10x from here?

Justathought

The warrants don't expire for 3 years - so the holder can decide when to exercise the option it isn't based on when the price is exceeded.

If this is the reaction to someone drilling analogous field, wonder what drilling news does to the SP.

The Hammerhead discovery is not yet a proven discovery on the Orinduik licence. So, while Joe & Jethro are protected Hammerhead isn't yet and may be dependent on the shape of the licence being discussed and hopefully awarded.

Don't think the 6 months is up until the middle of April to be fair to PG.

Pareto

Not sure the Chariot board has spaffed £15m up a wall on the Guercif licence and as yet proven nothing. They may have done it and more on their own but not here.

Silverfoil

Hopefully the upside is that other institutional investors begin adding it to their portfolio leading to continued upward consolidation in the SP as news begins to flow on plans.

Wouldnt post stuff like promised paycheck Dickie as that is close to offering a sure thing.

Dare say anyone buying and then losing may want a word.

This certainly is not promised.

GRH has probably committed maybe 2% of his net worth I'd guess and he isn't publicity shy so why would he not commit more if so certain?

He has also traded so even perhaps with minimal carry cost doesn't want to over commit to what is a risky play.

Im sure he has reasons, we all do for our individual strategies.

This must be the longest tree shake ever.

Don't worry though 🚀🚀🚀🚀🚀🚀 coming soon to make even SpaceX green with envy I'm sure.

The best kept open secret in the market

Going to be people cashing out along the way and MMs looking for shares surely. It has 5xd from the lows and some will gladly take that.

Interesting if news this week but not concerned if its takes longer to finalise plans. Gil has indicated there is an expectation the agreement will include exploration potential in Orinduik along with JJ as a discovery all being well.

Some clarity around timings of SA process and happy days