Member Info for Phoebus

Thanks Donmac.

https://www.petroleum-economist.com/articles/upstream/exploration-production/2020/exxonmobil-makes-further-ripples-in-guyana

Every stock has lots of bounces. You just time it wrong then.

To reach 50p EUA would be at £1.4B market cap, which would be pretty insane. Anything is possible, but much easier upside elsewhere I would imagine.

Just you wait. Things were very quiet last week before the sudden surge to 0.25p. When this next moves it will go to 0.30p+. Don't forget to buy/add.

I'm expecting this to hit 20p or around £20M market cap with exploration underway.

Same here. Chancers offering well over the mid price for up to 4M. In your dreams.

Oil_Beast, probably just the last of the placing shares clearing into today's strength. We already had loads of news lined up on multiple fronts and now we have another major catalyst scheduled to occur some time in the next few weeks. We all saw how the price suddenly rocketed this morning on no news and then when the RNS traders were locked out. Far too much major news due here to get fancy here. GLA

A major debt for equity swap would totally transform TLW's balance sheet and enable them to make proactive operational decisions like any other well capitalized oil company rather than the husbanding approach we have at present. They would effectively be a new company with new shareholders and fresh impetus going forwards into the post COVID recovery. Otherwise as you suggest, we get a farm down of their interest in Orinduik. It all depends on the oil price and the demands of the bondholders which route they take. In either case it will lead to accelerated drilling on Orinduik.

Many investors won't have had chance to react to the news yet as it was an intraday RNS. With close of Donovan JV now on the horizon this looks set to break 1p very soon.

He's not management, but Lenigas seems to have taken a shine to WSBN and is tweeting about it consistently which is a good sign IMO. Vegemite figure or not he's definitely very good at promoting shares. Today's news is excellent for UFO and hopefully a few of our other picks can mirror its success so far. GLA

In UFO and ALBA here too. Both are going to rock big time although I've gone for WSBN over BZT.

Ironically the lower the TLW SP goes the better it probably is for ECO as it likely portends a debt for equity swap at TLW to recapitalize their balance sheet. They may in fact showcase Orinduik drilling to help raise the funds. If TLW fails then Orinduik will be snapped up tout suite by an operator with much deep pockets. In either case it will be full steam ahead with drilling and great news for ECO.

My main focus had been on silver with exploration underway at San Celso and Los Campos high grade silver mines located very close to several world leading mines in Mexico and on approval for our takeover of the super high grade Elizabeth Hill silver mine in Australia later this month. With this JV agreement now in play it looks like we now have yet another massive project in play. Only a few weeks until sign off is expected, so even more juicy news flow to look forward to to drive the SP significantly higher. Well done everyone. This is going to be massive.

Capstone has a market cap of over C$500M. This is clearly a huge deal for UFO.

grand prix

Donmac, do you have any source for timing on Bulletwood-1? Thanks.

https://energy-analytics-institute.org/2020/09/08/hess-finds-more-oil-at-redtail-1-yellowtail-2/

What is that now? 17 out of 19 exploration well on Stabroek and a load of successful appraisal wells. We are certainly in the perfect postcode. Will be interesting to see the results of the Tanager-1 and Bulletwood-1 wells which will hopefully give us confirmation that the Cretaceous play extends into the Kaietuer and Canje blocks in addition to Stabroek, Kanuku and Block 58 in Suriname where discoveries have already been made. Then it's our turn on Orinduik.

An update from the Vice President yesterday sheds some very positive light on the Guyana license situation.

https://oilnow.gy/featured/different-terms-for-other-blocks-guyana-vice-president-reaffirms/

'We made it clear through the campaign that at this point in time we are not renegotiating the Stabroek agreement,' Mr. Jagdeo said. 'But Exxon…they’re the operator and one of the major shareholders in both the Canje and Kaieteur blocks…WHEN THEY COME UP FOR LICENSING on those blocks, they will not get the same conditions as they got in the Stabroek Agreement that was signed under APNU [previous government].'

'We’ll continue to work on – in fact we will work on a standard Production Sharing Agreement…or a standing agreement which all future operators will have to subject themselves to,' Mr. Jagdeo stated. '

The government appears to be saying that Guyana licenses will continue as they are within their current phase and when partners apply to enter the next phase a standard PSC contract will be used. This is brilliant news for all Guyana license holders including WTE. Excellent.

An update from the Vice President yesterday sheds some very positive light on the Guyana license situation.

https://oilnow.gy/featured/different-terms-for-other-blocks-guyana-vice-president-reaffirms/

'We made it clear through the campaign that at this point in time we are not renegotiating the Stabroek agreement,' Mr. Jagdeo said. 'But Exxon…they’re the operator and one of the major shareholders in both the Canje and Kaieteur blocks…WHEN THEY COME UP FOR LICENSING on those blocks, they will not get the same conditions as they got in the Stabroek Agreement that was signed under APNU [previous government].'

'We’ll continue to work on – in fact we will work on a standard Production Sharing Agreement…or a standing agreement which all future operators will have to subject themselves to,' Mr. Jagdeo stated. '

The government appears to be saying that Guyana licenses will continue as they are within their current phase and when partners apply to enter the next phase a standard PSC contract will be used. This is brilliant news for all Guyana license holders including ECO. Excellent.