Member Info for Maverick7

Looks like a very distressed seller - they wanted out at any price, with the recent correction we have seen in the USA markets, maybe they have seen better opportunities elsewhere.

Also am i reading correct that Avanza have increased their holding

No change on the TSX

Looks like Rhino have it oil - further evaluation required but no water contact - the only concern with ECO is when do they start drilling and when do they farm out

https://mkdlc.ebanking.hsbc.com.hk/pws/pagecontent.jsp?id=1210&storyId=urn:newsml:reuters.com:20250217174137:nL2N3P80KC&referrerId=1200&symbol=&pageId=0&lang=#top

I believe they found uncommercial hydrocarbons

Https://x.com/dc_magazine/status/1883942654981095876?s=46&t=MBYic9RoXAbjg0gE0CfGeg

The market doesn’t price in future revenue for stocks listed here in the UK anymore, its wants proof and even then it might not go to where you want it.

It’s the converse over in the states, a lot of stocks are trading at multiples of annual earnings - it’s crazy over there.

That’s why I only tend to invest and trade USA stocks now

End of Q1, so end of March.

Plenty of discussions happening in the background, just need some more patience.

Also, don’t underestimate the impact of the 70m share reduction in the near future

Canada share price probably reacting to Trudeau resigning

10% up in Canada, rising volume, come on Gill, let us know whats going on

Buying pressure and volume increasing

Is that why there are 4 oil rigs offshore Namibia drilling exploration wells

Volume starting to increase

Come on Gill get the farm out done

QATAR buys its way into PEL90

CVX to start drilling soon

SEI/ Galp with further appraisal and exploration wells spudding in the very near future in PEL83

Rhino & Azule, BP/ENI - drilling in PEL85

Where’s XON? Got to be with ECO?

Https://theextractormagazine.com/2024/12/15/qatarenergy-acquires-27-5-in-chevrons-harmattan-energy-to-expand-namibian-footprint/

Doubt there is anything to keep secure - they couldn’t even keep a parcel secure never mind a whole mine

Orrifice cat - remind me how many trillions of shares HE1 has again and how many times they have diluted and killed investors - loooooooool

The market no longer trusts these type of companies, its not HEX fault, its the likes of HE1 (Lorna is a very poor exec, she shouldn’t even be called one) and MATD. They have constantly diluted shareholders and probably wiped out a fair few of them. On the face of the HEX RNS, the future looks ok once they start the development, build up and prove the business over the next 12 months and hopefully the market will rerate it. I can’t see it holding the current share price too long as we may be in a no news for a while, will buy on any further weakness as sold earlier today

When the shares reduce from 370m to 315m, any idea on the impact on the share price ? It’s a 15% reduction in shares ? I we expecting a 15% increase in share price or less?

By Galp et al in PEL83

https://www.offshore-energy.biz/saipem-rig-finds-more-light-oil-gas-condensate-offshore-namibia/

If we get farm outs for Namibia and near term well activity, the share price should be well north of here and that could result in raising money to drill Guyana - if we don’t get a farm out there