Member Info for ogm4

0.94p now

finally this board comes alive again!

A drilling programme of eight holes was designed by Dr Boucher for the previous holder of the licence and submitted to the Victorian government for approval. ECR is considering whether to carry out this drilling immediately after the ongoing drilling campaign covering MGA's Avoca and Bailieston projects has been completed.

piperpeter advfn: "I would highly recommend reading the acquisition of the Creswick Gold Project RNS April 20 2018. Here's a snippet. "Only two holes have been drilled to test the DMS within the Creswick licence, both in the 1990's. The results of this drilling included an intercept of 2m at 12.28 g/t gold". I assume this is within licence No. 6184 which ECR currently hold. The above quote goes on...."The best previous drill intercept into the DMS to the South of Creswick is 2m at 176 g/t gold". Looking at the maps, it appears that licence No. 6713 (under application by ECR) is immediately to the South of licence No. 6184. If you consider that the DMS is 15 km in length and ECR could be holding over 7 km of it, the Company could possibly be onto something sizable. I would imagine Dr. Boucher is very excited about the prospects. Pp."

piperpeter advfn: "I don't believe they've spent much of the cash as stated March 31, that is £701,499 cash and cash equivalents. They raised a further £650,000 two months ago with confirmation of enough cash to see the Company through, on existing operations, until Q3 2019. That's £1,351,499 total. So it's possible there could still be over £1 million cash in the bank. Cheap to drill is a very good point and you don't need too many drills to see the extent of gold present in a given area. Could well be the beginning of something big. Pp."

0.42p paid

seems more buys coming in... quite blue atm

Followed by another 2.5 Million...

Another 3 million of placing overhang less...

Great find btw solstace !

There is a lot of positive beat in this RNS, I like it, it shows you how sentiment is returning really after 4-5 tough years in the O&G industry worldwide. It all seems to come together now. Downside is only less than 2.5 MM market cap, the upside is potentially much and much higher.

*** The signed Petroleum Agreement is now being sent to the Cabinet ***

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Well, well, Ghana has attracted "OVERWHELMING interest" from the international O&G industry during the ONS 2018 conference in Norway last month with over 70 parties interested. Again with oil prices in between 80-90 USD/bbl the industry looks a lot brighter again!

Ghana to open an embassy in Norway Date: Sep 24 , 2018 , 12:22 https://www.graphic.com.gh/news/general-news/ghana-to-open-an-embassy-in-norway.html More than meets the eye ?...

With current oil price 81 USD/bbl the overall sentiment is returning across the O&G industry, mutual interests becoming stronger again also in case of the Ghanese government opening up another bidding round very soon.

Would not surprise me if Tullow would like to diversify more in the local area to become less dependent on Jubilee http://www.artemis.bm/blog/2018/09/24/jubilee-oil-field-fpso-loss-continues-to-rise-on-business-interruption/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+artemisbm+%28www.Artemis.bm%29

you know what they say when they're abundant

and not to forget the single 15 MM trade £55k on Friday

Not entirely sure but looks like the majority has gone through now, also considering the several 5 Million block trades on day of placing itself. When I counted all the MM block trades on Thursday I easily got up to 100-110 Million at least - out of the 135 MM.