Member Info for Maverick7

From Guyana local news in April

That Hammerhead, the 9th discovery, has now jumped the line for follow-up or appraisal drilling strongly suggests the oil reservoir there is far larger than the rest. Moreover, that the company has decided to drill two appraisal wells simultaneously in its high-quality sandstone reservoir must mean we are eventually looking at a mega-discovery of at least a billion barrels. Guyana will know by mid-May if we have another Liza.
Part of Hammerhead’s oil resources is already in the 5.5 billion barrels calculation. Therefore, should its appraisal confirm the presence of more oil, the total recoverable resources for the Stabroek Block may not make an eye-catching spike. Nevertheless, it is likely to be singled out as a monster find.
Finally, the lonely Ranger-1 well (the sixth oil find, located much further north) seems to be getting on-and-off treatment, getting pushed around the batting order. Of note, however, Exxon’s public statements suggest that Ranger’s estimated resources are not included in the 5.5 billion barrel total for the Stabroek Block.
Yours faithfully,
Sherwood Lowe

Current destination states “Diving location”

AIS Type Other type
Flag United Kingdom
Destination DIVING LOCATION
ETA Jun 7, 06:00
IMO / MMSI 9428932 / 235074573
Callsign 2COV5
Length / Beam 227 / 45 m
Current draught 12.0 m
Course / Speed 24.0° / 0.1 kn
Coordinates 4.542 N/3.1975 W
Last report Apr 21, 2019 20:29 UTC

its all under Trumps king size bed

Local Time: 2019-06-07 11:07 (Time Zone UTC)
Time UTC: 2019-06-07 11:07
Position Lat/Lon: 3.432667° / -2.388167°
Speed/Course: 1.0 knots / 24°
AIS Status: Restricted Manoeuvrability
Area: WAFR Gulf of Guinea
Source of Position: TERR-AIS

Local Time: 2019-06-06 23:34 (Time Zone UTC)
Time UTC: 2019-06-06 23:34
Position Lat/Lon: 3.4235° / -2.374167°
Speed/Course: 2.3 knots / 24°
AIS Status: Restricted Manoeuvrability
Area: WAFR Gulf of Guinea
Source of Position: TERR-AIS

i wouldnt say there is a lack of interest Pheobus, we have just raised lots of cash at 80p with institutional investors and we have gone up from low 20s to recent highs of £1. However, i dont understand the discoonect between TSX and LSE. People maybe waiting for the Hammerhead results, and the Stena Forth is still offshore Ghana going around in circles. The original spud time of early June now looks to be slightly later. Also from a PI point of view, there are many chasing other shares.

Position as below, its on the move, but not yet heading to Guyana, maybe just finishing off operations in Ghana

Local Time: 2019-06-06 11:52 (Time Zone UTC)
Time UTC: 2019-06-06 11:52
Position Lat/Lon: 3.469333° / -2.456°
Speed/Course: 1.6 knots / 24°

AIS Status: Restricted Manoeuvrability
Area: WAFR Gulf of Guinea
Source of Position: TERR-AIS

Maybe they should introduce a new measure for measuring oil stocks - crude and crappy shale. Surely the API and IEA numbers don't actually reflect historical grades

I would expect the share price to start increasing as soon as we see some movement from the Stena Forth, that's if it is still offshore Ghana as per Marine Traffic website.
Will be really pissed off if its actually well on its way and they haven't informed us

Tullow investor relations not revealing the whereabouts of Stena Forth, I asked the question but no response. That was last week

This is AIM and we are also in the oil sector - akin to the Wild West of trading, leaks, misinformation, lies and damn lies are common practise. The next 2 months are going to be wild ride, happy trading

By the way, one of the Exxon drill results were “leaked” in the local press before Exxon released the results by RNS

There was also that sudden 30% increase on the TSX a few weeks ago for no known reason. Maybe a multi well (4-5+) drill campaign had been leaked

Maybe the institutions and investors that participated in the 80p funding knew that there was going to be more than 2 drills and drill start was late June so had some time to buy in

$$$$

£1.30 in sainsbury

He could be going into election year with the world and US economy in recession. Talk about digging your own political grave.
Seems he’s main focus is driving down oil prices and probably thinks the US can thrive without anyone else

170p - 180p will be the range to buy in if it gets there. Trump not helping sentiment at the moment. He’s done a good job of keeping the oil price down.
I see someone mentioned that GS have a share price target of 337p.

China is looking for reserves closer to home as Trump escalates Trade wars. China wants better energy security in these troubled times. Where better than it's close neighbour Mongolia and right next door to a proven oil fairway

Keith has skin in the game with his 18% in ECO, so he’s going to be bullish. I remember him when Africa Oil were partners with RMP & RRL in Puntland nearly 8 years ago, he was a ramped then as well. Had a presentation before the drilling which had the bulletin boards buzzing.
Anyway slightly different here with Exxon having derisked a lot, but risk still exists

Still saying Gulf of Guinea

Co-ordinates not really changed as per location from a month ago