Member Info for Maverick7

Why the need to watch this 24/7. Just stick in a limit order for 115p if it gets there

Gap to fill on the chart to 60p

Not if you live and learn, buy low, derisk and sell when the risk becomes too much - set yourself simple rules and stick by them and ignore everyone else, dyor

So will an updated CPR be available ahead of this meeting or is it too soon

https://oilnow.gy/featured/rowan-jack-up-rig-arrives-for-repsol-drill-campaign-at-kanuku-block/

Flow rates of 200 bopd gets you around $4.3m per year if there is production 365 days per year. Is that enough from one well to prevent any dilution?

200 bopd x $60 Brent x 365 days = $4.3m

So where’s this idiot Ojay, he called this the “best share on AIM” about a year ago. I gave him a tip saying there were other shares as well but he didn’t want to know. Well the other share went from around 20p to 200p
Best to buy back here at around 1.5p - At best MATD is one to trade. Anyway, hopefully no dilution coming for anyone left in. I hope Heron comes good for all left in..

When are we going to see £1, you said we were going there. RLMAO

TLW start decamping, they have something special. Before the JL & Joe drills they were talking about “transformational” for the mid tier company. Never mind what it could mean for ECO.
It will be interesting to see how the forthcoming details on JL & Joe are presented by ECO & TLW in the next few weeks.
TLW capital markets day in November and no doubt most of the analysts will want to talk about the recent drilling in Guyana.
Namibia news also coming

Eco Atlantic is seeing an increased interest in its offshore Namibia licenses. The four blocks are covered with seismic, with Cooper and Guy the most advanced, drill-ready ones. Read in #NamibianMiningNews (p13) ?? ow.ly/I4hF50wGB9J

News to come in the new future

i am pretty sure we are not finding enough oil to replace existing reserves and depletion experienced in some of the mature fields. Lack of investment in the last 5-10 years also doesn't help

it depends how long they will be testing for, will they test for day or two or want to see if there is any die off, and thus test for several days or weeks.
In addition if there is die off of flow rates, they will then want to test with a pump

it depends on the trend for the price of oil surely. China-US deal is the key, the market isn't pricing in any supply tightness

What will the market be happy with ?
500
1000
5000

looks like has has truly fuc$ed up, probably didn't see it coming and thought the likes of China would just bring out the white flag.
If he doesn't do an about turn, he's going to be out of a job, unless he gets impeached sooner than expected

Gill being one of the largest shareholders will surely look at whats best for himself as well as other shareholders. I believe he used to be a fund manager.
Regarding Namibia, the majors are already in Namibia (XON, Total etc), only waiting for the drill bit to spin

i don't believe that the sells are actually sells, based on some recent trades i have done. However, everyone has their own strategy and sometimes you have to take a profit and sometimes you need the money via a reluctant sell

Also mentions that up to 4 wells in the SPRING 2020. So not really that long to wait for the drill bit to start turning again.

In the meantime, updated CPR, Namibia farm out, greater detail on JL & Joe and Carapa

First sign of madness is when you start talking to yourself

I wouldn’t want to make any money from a war, rather the USA and China make up to drive the world economy to growth