Member Info for Maverick7

Short to medium term the negatives outweigh the positives. The UK government has killed the sentiment for oil and gas shares and the acquisitions haven’t performed as expected. This is where we now see what AA brings to the table in these difficult times. He has a healthy holding so he had skin in the game unlike the likes of Mitch Clegg over at SQZ.

Yeh possibly, but in the current environment could become an even better opportunity

So if they receive all those consideration shares, its in their bext interests to increase the share price in the next few months!!

Some big trades reported after hours, haven’t checked for a while - is this unusual?

HBR have a more diversified asset base i.e. away from the North Sea, they also pay a dividend but that also have share buy backs. They also probably have near term increase in production compared to SQZ and thery havent been negatively impacted by a sh@tty acquisition

There will be no dilution in the development of these fields, firstly Serica is cash rich, secondly they have tax losses and most importantly the government will pick up the cost to the tune of 91%

Easy way into Malcy is to offer him a full English breakfast with some beer

They have always said that they will need to raise some new funds as the mine comes on stream,

Should be news fairly soon

"Securing approval of this EIA is a major milestone for Anchois and is the culmination of extensive time and teamwork that has gone into this critical process. This is a key building block for sanctioning the project's development, alongside other activities such as our partnering process which is close to conclusion."

IJT, yes indeed, but doesnt Venezuela also have mostly heavy oil, where as the Exxon discoveries offshore Guyana are medium and lighter grades

Part of the reason why ECO is down is the sabre rattling by neighbouring Venezuela, clearly they are unhappy at the size of the Guyana fields and want a bit of the action

Big oil buying Guyana assets

https://x.com/javierblas/status/1716383046834798933?s=61&t=Ls59QCPJlmgnRyxPu2tlVg

On the 1st August Eco stated “ Eco has cash and cash equivalents of US$6.4 million on the balance sheet as at 31 July 2023.”

On the 30th August Eco stated “ Eco has cash and cash equivalents of US$4.7 million as at 30 August 2023.”

However, on 1st August Eco also stated “ Post period end, the Company signed a legally binding Letter of Intent with Africa Oil to farm out a 6.25% Participating Interest in Block 3B/4B, offshore South Africa for up to US$10.5 million in cash.”

So how much cash do we actually have, where’s that $10.5million gone and we are burning cash

Is news incoming? Number of pictures on their Twitter feed with pictures of workshops being refurbished and Plant prcessing plant progressing well

Whilst drilling, Helium One will measure gas shows using Geolog's mudlogging services and a portable mass spectrometer. After TD has been reached, Baker Hughes will then rig up and run their wireline tools. Once the wireline logs are run and evaluated, the Company will then run in hole to evaluate further with Baker Hughes' Reservoir Characterisation Instrument ("RCI") tool to take downhole samples under reservoir conditions. Onsite, there is also the facility to transfer and evaluate these samples, as well as the capability to send duplicate samples for laboratory analyses in a leading noble gas laboratory.

The whole process from spud to completion of logs and initial analyses is expected to take approximately four weeks, after which the Company will make a further announcement.

2 weeks to target depth but still 2 weeks of testing, market makers having a field day with the share price, plenty of time yet for news unless they give an update

Probably ECO haven't been informed by whoever it was, reckon its the Venezuelan ganglords as they create havock with the offshore licences.

I cant see any corporate activity being any time soon imho, general market malaise, there is a lot of negative market sentiment, have a look at all the commodity sector. October has always brought some of the biggest stock market crashes. At best SQZ is just a trading share now, wait for 200-210p again!!

Not helping here with disputing the Guyana licences/ acreage

Gill needs to get some drill dates confirmed

Just plain dumb

https://x.com/zerohedge/status/1706016029267173647?s=46&t=MBYic9RoXAbjg0gE0CfGeg