Member Info for Maverick7

Surprisingly little comment on the statement below:

" At the Al Jahraa-6 development well within the Abu Sennan concession, mudlogs indicated the presence of oil in the Abu Roash-C, D, E and G levels and the deeper exploration target in the Bahariya Formation. Reservoir pay was confirmed in the Abu Roash C and D levels and the well is currently being completed for testing and production"

90p now - early leaks of BKR resolution

FPM - Market cap 600m; 12,402 boepd; net cash 158.6m, revenue 102.2m/ year

SQZ - Market cap 230m; will be producing around 23,000 boepd if BKR happens; net cash currently around 30m but will go up significantly if BKR goes through

So if BKR goes through then we could be looking at x3 current Market cap?

Just to point out that FPM do have a strong exploration portfolio and looking to ramp up production to 35,000 boepd

I would be surprised if it is based on approx 3-4K net to SQZ (previous guidance). Reckon it’s something else

or the Caribbean

Alaska and West of Shetland ? Would they get a producing asset?

They like "English speaking" areas

I hope you took £46 Phoebus

https://www.nytimes.com/2018/07/20/business/energy-environment/the-20-billion-question-for-guyana.html

Surprised that our two brokers Brandon Hill and Pareto Securities have been quiet. I know broker forecasts aren’t always worth the paper they are printed on, but would be interesting to see what they value us at

Good question itsyou - why rush out the CPR before full information is known. Maybe they needed to increase the share price. Total took the market by surprise by not even waiting for the 120 day excise period to start. Maybe this surprised ECO?
Looks like the Hammerhead discovery has had a material impact to a Total and the wider market. Must be loads going on in the background without even thinking about Namibia. XON all over ECO in Namibia.

Olderandwiser - there's plenty of super majors that would have an eye on ECO & TLW who hold 75%. There's BP, SHELL, STATOIL, ENI and then a few other US ones to name a few. XON are rapidly moving to production so infrastructure will be in place - only a matter of time

Will be spurring sometime in 2018, however no indication of volumetric? Anyone know how much we would be targeting

Code 1 as well

Some massive buys going through, not your average PIs. Either institutions or some one buying on behalf of a silent entity. Those trades have takeover written all over them. They are also keeping the share price in check. The share price should be way higher. Takeover price will be based on average price over xxxxx weeks/ months. What will the board and Africa oil be happy with?

The field in Guyana will very soon move from exploration only to exploration and PRODUCTION. Exxon leading the way.

In the mean time Namibia news to follow from TLW and possible farm outs.

Africa oil is still very silent - what are they up to

ECO will do great over the next 12 -18 months if we are still around. Everyone has their own strategy, trading in and out and holding shares long term are both equally sound. You need to be in the right stocks and need to know what's driving the share price. Take a loss when you have to. There's plenty of stocks out there that will make you money. Its about getting in front of the curve upwards and being patient at times.

baz - unlikely to be 120 days earlier but could be Q2? TLW would still be the operator though but I would of thought all parties would want to drill at the earliest opportunity. TOT have got a fantastic deal, how much is ECO 15% worth now though. Other supermajors that don’t have acreage in Guyana - would they be tempted

If Total have already taken up their option to farm in before the 120 day period has even started, i wonder if the drilling of the first wells could be brought forward

Volume up, big increase in share price in last few days, we know there will be further news coming on multiple fronts:

Namibia farm out
Total 120 day kick off
Total farm out decision
Africa oil left field news
Takeover

An RNS stating “we know of no reason for the share price rise”. Market has been slow to catch onto this share. Still way undervalued.
Plenty of news flow coming over next 3-9 months if we last that long