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Was someone taking a few off the table before the latest EXXON result in case it was adverse? Just a suggestion. I can't see any reason to lighten up at the moment. CPR due. EXXON finding oil left, right and centre.

What, on all those sells???

* Tullow :-)

It's not Total's decision as to when to drill Orinduik - it's Tullow's and existing partners. Tallow doesn't hang around - not even for Total.

That's useful info - cheers :-)

Really? There were a lot of licences in Walvis Bay. How many of them have 2D, 3D and a ready drill target is another matter. GBP will need to get a bit of a jog on if they want to shoot 3D and use this drillship, imo.

very true :) Yes, the data from the two wells now to be drilled in Namibia will help ECO interpret its data and improve its CoS.

Funding isn't in place yet and that's why this company today is worth ~ �22m. Once funding is in place, the company will be worth a lot more. Patience required :-)

Having seen Chariot get slaughtered this morning, thank goodness ECO are funded for two or more drills in Guyana.

The GM had to be so many days after the RNS re the issue of new shares. It's unlikely to have any funding details. There is this small time gap between the recent jump in the share price and the next catalyst (funding and/or 30th Round award) so the price is easing off a bit. Having been shaken out of too many good share price rises by trying to trade them, I have just sat on my hands and will continue to do so for I3E. I have plenty of shares here and if I tried to trade it to get a few more, I'd probably end up with fewer! If I3E does as well as I hope, then I'll be happy. I3E has amazing potential and, at the minute, nothing has appeared to indicate otherwise. So, for me, this is simply a long term buy & hold.

echoing pijoe... LOG have stuffed this full of debt (no other choice for IOG mgt really) and then LOG will convert capital + interest and own IOG bar a PI minority interest. It's all clear but opaque at the same time :-(

Production kit comes off lease in 2026, I believe.

I can live with the deal with Total :-) I've done nicely out of ECO already but I intend to hold for all the drilling. With Exxon's nearby success rate, I'm going to hold a lot of these through the drilling.

Lack of simple business understanding. Really? I'm doing very nicely thank you. I believe that farming down Orinduik was the best route (rather than fundraising and diluting all assets), but $12.5m for 25% of Orinduik seems low when there was already a bonanza going on around them.

Total would be nuts not to take up its option for 25% of Orinduik (Why did Eco sell it for only $12m or whatever?)

That's the gamble, isn't it? Is that 12% CoS on big leads/prospects enough to interest a partner?

You're welcome

The share price has raced ahead a bit and needs to tread water for a while. However, the new cornerstone investor indicates something pretty significant is in the offing and, as many have said, he's not here for Wick. I'll hold and sit tight even if the share price eases back a bit. When news drops, there'll be a tiny chance to get a few - best to hold and wait, in my opinion.

dougal, Some of those LRGS trades were mine and one very large one was a sell. I had bought into GBP with the hope a decent CPR, but the 12% CoS put off a lot of people and I followed them out (but not as early as I should have). There may be someone buying in bulk here, but I believe that you are misinterpreting the LRGS trades.

The Exxon farm in is really good news for neighbouring licence holders too :-)