Member Info for Maverick7

Razor
Whilst the oil price stays in the current range, the best strategy is maybe to trade a portion of the stock to coincide with the half yearly updates.
Can’t see any big and sustained increase unless TLW get a humungous farm out for Guyana, sell Uganda and increase further production in Ghana

Rover
I don’t have low expectations, my glass is half full and I would rather have a positive attitude and outlook to life.

i thought you were waiting for £1 Rover

So they have raised half the money to buy out ECO's stake

Gill had already informed the markets (those that listen carefully) in the various podcasts that news is around the corner - 4-6 weeks away on multiple fronts as posted by H&N/ IJT.
CPR, Namibia, Carapa all in the next 6 weeks i would say

Rover
No luck needed now, just patience. I’m with Starvin, first million will be £2.25 for me
Doubt we will see your £1.00 - lol

Unfortunately for now this share has become a traders dream, so just use that to your advantage. Either trade all your holding or part of it. That’s what I have done.
Buy at 110p, sell at around 135p to coincide half yearly and annual results
Only risk with being out is any further acquisition news

Let’s hope they don’t hit the UAE

Lol, looks like seekingalpha want people to sell their golden tickets, do they really think people are that dumb

the PIs money is in the likes of Hargreaves, TDW etc.. mine are for example

yes but the big institutions (whoever they are buying for), have the leverage and funds to buy at whatever price they want. If they want a million shares at say 150p surely the MM will move the price to fill the order

yes some massive trades today but share price not going up. We are at risk of a cheap takeover

Just looked at the TLW presentation, I interpret that the drills scheduled for 2020 are “wildcat” drills as in the key for that slide. This doesn’t include any appraisal drills.
Gill in the podcast stated that they would be drilling the Jethro channel as well as appraising the discoveries

Also anyone worried about lack of pending news flow, just listen to the podcast for what’s coming

They are saying that to protect their forthcoming IPO

Spike
Yes next well is Carapa but ECO not directly involved and it’s not in Orinduik. It’s the block next door. However, any positive result in the Cretaceous zones should have a positive effect for ECO

What, the route back to 80p, I doubt it, if that’s what you mean? Not surprised by the retracement though, happens all the time.
I reckon somewhere between 130-155p.
This is where Gill earns his money to keep the share price at these levels if there’s no further drills until spring 2020 - long time for AIM

Berenberg have increased their ECO share price target to 230p. Derampers

Welcome to the jungle (erm that’s AIM), but on weakness, value will come out

Yes plenty of news to come and possible takeover prio to any further exploration or appraisal. However, this is AIM, who knows the price action following initial spike if its good news.

Hopefully Gill Holzman has a plan

Aramco saying production could take weeks, from oil.com

State oil giant Saudi Aramco said the attack cut output by 5.7 million barrels per day, about half the kingdom's production, at a time when Aramco is trying to ready itself for what is expected to be the world's largest share sale.
Aramco gave no timeline for output resumption but said early Sunday it would give a progress update in around 48 hours. A source close to the matter told Reuters the return to full oil capacity could take "weeks, not days".
Traders and analysts said crude may spike to as high as $100 if Riyadh fails to quickly bring back supply.