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Granted this is a Limited Notice to Proceed but it does demonstrated Exxon & partners are pushing towards being ready if FID is positive.

https://www.modec.com/project/detail/hammerhead.html

Just going back to basics of Hammerhead. The a

Stabroek partners had to get Eco permission to shoot seismic on the Orinduik block to estimate size of Hammerhead. I get the impression about 10% is on our licence and its a 150k bopd development.

That's a material interest for Eco if that is the case that will at some point be settled financially and is many multiple of current SP.

With the money from the Total farm out of 3B/4B Eco an keep the lights on long enough to be around to claim that payment.

News of the drill will shift this but Hammerhead alone if above is correct is well worth holding even if the upcoming drill wasn't happening.

Equiom are not an IB/private capital provider as Keith says. However, nobody outside bucket shops are coming in without there being better governance and compliance.

May it be a harbinger that the source of funds for 6 is not a discounted raises but a partnership which perhaps cedes a share in the field but moves the game along in a reasonable timeframe.

For those interested, Eco's Ops Director in Guyana was at the Presidential inauguration.

Doesn't strike me as a partner you're about to force from their licence.

Equiom if memory serves are a reasonable outfit owned by various equity funds over the years so should help on the governance front.

Their wax treatment/TT was meant to be producing oil revenue, in substantial amounts early last year. As usual missed targets and minimal communication.

AEW will be interesting as regards 3B/4B and potential more info on timings/court process.

Interest also in what transpires for Orinduik. If they can move towards a development of Jethro/Joe then it is 400m barrels plus and would be hugely remunerative even with a break even in 40s. There is the potential of a drilling partner and the value of Hammerhead stake.

The last of those alone should be worth many multiples of current SP.

I was going to buy something else next week but another couple of hundred thousand here at this level is hard to ignore.

The deals around Guyana/Block 1/Namibia are extra gravy- the court process and subsequent drill are the nearest term value catalysts.

There will be news on Guyana by mid Jan one way or another, they are working positively for it it be a good outcome on a drill and/or a development.

Hammerhead is a discovery and tens of millions of barrels so has significant value in excess of the current SP as a stick on too.

Gudin

Get the reference it was more to say PRD comparing their ops compare with potential £7-21bn plans from Total was to compare apples and pears.

May be continuation of Venezuela geology but don't see PRD benefitting from spend anywhere near that quantum or assets with the potential that attracts that spend.

How can the team only concentrate on one thing at once?

Casual disregard for no AGM and not mentioned.

But don't worry it's the hush, hush super deal nobody but the denizens of this board and of course PG know about.

To compare this TT deal to what Total are doing is errant nonsense.

Still it may keep.in bonuses and report payments for his lifestyle approach to milking the company.

Is that why Rob sold down recently?

Seems somewhat contrary to such definitive narrative.

**kind words

Ps thanks Spudz for kids words.

In a success case, we may not be involved by the time of the second drill.

That (2nd drill) if oil is found is likely to be appraisal and Total will likely be looking to tie up loose ends quickly!

Sandy

Fair enough, my reading of things as they stand. Delighted to be proven wrong in the event they can pull such a rabbit from the hat.

Sandy

Again, you seem unaware that Im responding to you suggesting I know diddlysquat.

That isnt gloating.

Sandy

Might know nothing but called the placing and said I was selling above 8p and then buying at 3p and selling above 6p (as it would top) recently but give me more free shares.

Welloil

Remarkable you can see my post if filtered.

Alas, your insult seems to have been taken down as can't see what Boukephalos refers to.

However, happy to stand four square behind what I say online and in person any time you like.

Alternative opinions are not deramping but keep living in a bubble and see how far it gets you.

Nobody is coming in here at a premium to the current price.

Best that can be hoped for is cash from the mystery partner but you can be sure they're inferred or actual holding will be at a valuation lower than the current MCAP.

If not then another discounted bucketshop raise for 75-100m shares at 1.5-2 0p.

None of it it necessary if cash had been managed better by the CEO.