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Apologies. Completely misunderstood.

Tanager-1 was a small drill for WTE with the Canje drills in particular offering significantly more upside. Even if you exclude Tanager WTE has exposure of to over 150 MMB P50 recoverable across its four blocks and is effectively on free carry for around 12-15 drills which should amount to about 100 MMB of that, plus they have a decent amount of cash in the bank.

Still, if you think its time to move on perhaps you should email the board and explain to them that rather than stick around for all those well they should dump their substantial share holdings after one well and move on. I'm sure they will laugh you out of town. Smart money will buy the dips.

What they fail to realize is that their mere arrival is a bullish signal and when the pie hole repeatedly opens then you know your in business.

They're waiting for the price to turn.

I don't think so.

You're thinking along the same lines as me Don. I joked only the other day that a duster at Tanager might be the best outcome for me long term as I could load up big time on any sell off ready for the huge number of drills ahead. GLA

This well is more significant for Ratio than WTE. In total the companies WTE is invested in must be fully funded for somewhere in the region of 12-15 wells in the Guyana/Suriname basin and WTE has a load more cash to take part in any subsequent raises for further drilling. Is short WTE is fully funded for a huge number of wells in one of the most prolific basins of recent years.

I completely agree.

Very odd move here today, but it doesn't take much to move it I suppose. Maybe a bit of selling ahead of drill results, but I'm more than happy to stay put. 72% COS and many rolls of the dice thereafter in an excellent location. Bellisimo.

Great post Eldo.

There was huge demand a few weeks ago as the SP rocketed from 6p to 46p. In order to meet deamand the MMs will likely have sold lots of shares they didn't have and are happy to see the SP drift to try and encourage selling so that they can rebalance their books ahead of the next leg higher. A pronounced spike higher and drift retrace like this is a characteristic of more illiquid shares.

Wow. Not Christmas but Janauary. Such a huge time difference. How will we all cope. Give me strength.

ST, shares move up AHEAD of news not ON news.

Look at the crude price. Another positive vaccine headline sent crude higher lifting energy stocks. ECO has been languishing near lows so a move higher is to be expected. We also have TLW's forward plan announcement on 25 Nov to draw in investors.

Tymers you really are a class A tw@. Filtered permanently.

If you've been in that long Sotolo think how much money investors have made elsewhere in the interim. Now consider why they've suddenly rocked up en masse at OMI the last few weeks. That's because they realise now is the moment to be invested in OMI as the news flow that will cause a major re-rate is about to unfold. Get ready.

LS, as I said the other day, if anyone has lost money in UKOG or some other Lenigas connected investment that's their own fault and bytching about it says more about their own incompetence than anything else. This is early doors here and there will be lots of news to come on several fronts. GLA

No chance of an offer at these levels as board is heavily aligned with shareholders and they know the value here. Do anticipate WTE may increase their ECO stake through. Not long till we hear the results of their Tanager-1 well so the footprint of oil exploration success offshore Guyana/Suriname may well be about to extend into yet another block. All adds to the market interest here. GLA

If it's a desk study then yes. Don't want them to re-drill the darn things. Focus on the Cretaceous please Gil.

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