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no, but it starts when TOTAL have ALL the 3d data in their hands, i believe its being fed to several companies as it becomes available - ECO, TOTAL, TLW etc for them all to review - its in the last RNS or two

I sent Tony an email last week asking if there was an update on the blockage, answer as below: From: Tony Craven Walker <tony.cravenwalker@serica-energy.com> Date: 9 March 2018 at 15:31:20 GMT To: Subject: Re: Erskine update Dear Mr I hope that you saw the RNS release that we put out this morning. �If not, you can find it at�http://www.serica-energy.com/downloads/releases/Serica%20Energy%20-%20Operations%20Update.pdf. You will see that the Lomond operator is still trying to unblock the line to Everest and there is little in the way of further updates that we can provide until we see significant breakthrough. �The RNS also gives a summary update on production performance from the Bruce, Keith and Rhum fields which are performing broadly in line with expectations. I am sorry that I cannot provide anything additional at this point but we would hope to have a fuller performance update when we release our full year figures for 2018 in a few weeks time. Yours sincerely Tony Craven Walker Chairman Serica Energy plc On 5 Mar 2018, at 20:28, wrote: Dear Tony Craven I am an investor in Serica shares, can you tell me if there has been any progress on Erskine production as per statement below from a recent SQZ RNS. �Production in January 2018 has been restricted by the condensate export pipeline from the Lomond platform experiencing back pressure caused by wax deposits. This was further impacted by a blockage in the line, as announced on 22 January, which occurred during routine pigging operations. A de-blocking operation is underway and the Company and its partners are considering options aimed at delivering a permanent solution for the wax condition.� Regards, Sent from my iPad

Full year results in a few weeks time will reveal progress on multiple projects

If it's a farm out and rig contracted and drilling this summer then that's easy

Posted by Muppetalpha on ECO board as below Also interesting to read that Total has ruled itself out of entering the Permian Basin as presented at earler at CERAWeek and is concentrating on other regions.

Exxon article in Rigzone magazine Exxon said exploration projects in Guyana and the Permian Basin as well as refining and chemical plant expansions, should help boost earnings. Exxon reported an adjusted profit of $15 billion in 2017. Exxon is also spending money to make money, with plans to spend $24 billion on capital projects this year, $28 billion next year and an average of $30 billion from 2023 to 2025. Peers, meanwhile, are cutting spending. "If you look across our portfolio today, it's the richest set of opportunities since Exxon and Mobil merged" in 1999, Woods said. "We see the full potential of the organization: significant earnings growth will improving return of capital employed."

takeover would be further complicated by Africa oils recent purchase of ECO shares and taking a strategic stake. No doubt there would be an auction as a number of majors would be interested in the acreage that ECO has in Guyana and Namibia. It would be a shame though if this happens before any drilling that may result in massive oil finds that would be transformational for the company and its shareholders

22% down on 12500 shares sold, bit of a joke. However, Bandy is a joke. How a leader of an oil company with a good cash position misses the bottom of the oil cycle but fails to capitalise on good prospects for either exploration or production is beyond belief.

Good post from ROS1 on PMO board The oil industry needs to invest now in production to meet an expected rise in demand from 2020, the International Energy Agency (IEA) has warned. The warning seems surprising given the booming US shale sector. But according to the IEA, that will only be sufficient for the next two years. "The weak global investment picture remains a source of concern" as the industry faces not only growing demand but many oil fields running dry," said IEA chief Fatih Birol. "More investments will be needed to make up for declining oil fields -- the world needs to replace three million barrels per day of declines each year, the equivalen

Drilling late 2018 possibly linked to Total farming in, got to be in everyone's interest to drill asap to secure cheaper rig rates, 4 companies reviewing 3d seismic to refine targets, meanwhile Exxon just plough on further derailing the area and providing more info on the geology. Interesting that Exxon vacating their interests in Russia, must be confident on the size of the prize here in Guyana, fast track to production in 2 years

Good article Peel Hunt have set a target price of 110p, which offers upside of c.38% from current levels, but we believe that this will prove conservative in the longer term. In particular, a PEG of 0.04 implies that Serica shares are still yet to price in almost the entirety of the company�s forecasted growth. It is for exactly this reason, the forecasted growth that Serica offers, partnered with one of the lowest PEG�s that you will find, that warrants its place in our top stock picks for 2018.

2019 drills in Namibia and Guyana, once confirmed the share price will react well in advance, so 2018 is going to get better

companies/news/192404/eco-atlantic-oil-gas-growing-in-confidence-as-exxon-hits-another-guyana-discovery-192404.html

Zebbo , no wasn't joking, but since we have the hottest post code I was thinking that it would be a massive premium to the current share price, as per the recent Africa oil paying 30p when we were at around 22p

The hottest oil post code on the planet, you would think that institutions would be banging on the door with the ECO BOD and wanting in. I'm guessing this is the case, and why wouldn't the ECO board consider this to increase their funds. We have seen a raft of funding with the likes of CHAR, MATD, NOUG so we know funding and investment is available, but at what price. Is the current liquidity enough for ECO.

We have seen that a number of junior oil companies have gone for funding of late alone and rejected farm outs presumably because the majors want too much percentage at a low price. Might happen here as well if the likes of Total are playing hardball. Looks like institutions will cough up money but at heavy discounts to share price aka MATD, CHAR, NOUG etc

unfortunately what we have seen at CHAR & MATD are the big city institutions coming in and saying to companies we can offers you millions in a fund raise but they want a cheap buy in. This is because they have missed the buying opportunities at the lower share prices and missed the big rises that the savvy Private investor has clocked onto earlier than the big cheeses in the city

Any sign of drilling ECOs prospects in Namibia or Guyana will send the shares price well northwards of 1.10 on sentiment and expectations alone, attract traders and the herd

TLW won't be buying the remaining 20% or so of ECO Guyana, TLW already have 60% and it's the super majors that would want more exposure in Guyana. Where better than right next door to Exxon discoveries. If there was to be a takeover, there would be an auction - that would be fun to watch

3Q we will have completed the BKR acquisition, plenty of cash in the bank, 3x drills in progress - Rawillen, Rhum3, and maybe Namibia Most obvious buy and hold at these levels and any other acquisition that may surprise the market