Member Info for Phoebus

Good move. Breakout just started.

Currently quoted 3.145p to buy just 100K shares.

Even when price ticks up I still can't get any on quote and deal, not even a small amount. That's extremely bullish.

MMs offering well over the bid for large quantity. Fishing trip. Load up while you can.

Need to get those shares for the next leg. Seen it all before. :D

Looks like it's still in auction.

No probs. I don't like endless spam about other stuff either so I know where you're coming from. 3.15p paid! :D

Sorry DXB1, I thought those two were worth a mention. PME is not a ticker LOL. Nor is LOL for that matter, LOL. Always glad to get the heads up on new investments myself.

Don't let them fool you.

ANGS tribe getting their panties in a bunch over the Satlfleetby rehab project? Just wow. Guess there will even be some decomissioning costs there to reduce the NAV further.

Hills? Didn't Lenigas said it was like a sponge?

MMs popping down to B&Q for some filler tonight.

Spot on Jojos. Still only priced around 8p per barrel for the upcoming drill! It's still very cheap.

Thanks for the help guys. Great to see we are already at 3p. The 4-5p range looks close indeed now expecially if we close near day highs. GLA

Feisty!

Does anyone know if you have to submit a tax return if your total stock market deals in a single tax year are over a certain threshold and if so what that threshold is? Thanks.

Looking very good now for an attack on 4-5p by next week as expected. WTE also looking very good. Check out my post over there if you're interested.

Looks like WTE is now only a few weeks away from the spudding of Tanager-1 on the Exxon operated Kaieteur block. Well is targetting 256.2 MMB P50 recoverable with an amazing 72% COS. Looks to be bang on trend with the huge number of discoveries on the adjacent Stabroek block, the most prolific oil exploration block of recent years. Through its holdings in Cataleya and Ratio Petroleum WTE has a 1.53% interest in the licence amounting to 3.9 MMB P50 net recoverable for Tanager-1.

In addition the block contains a further 1.86 billion barrels in 8 targets giving a total of 31.9 MMB P50 net to WTE on block including the tantalising Toucan prospect with 702.7 MMB P50 net recoverable at a whopping 56% COS.

https://ratio-media.s3-eu-central-1.amazonaws.com/g2_002.JPG

WTE also has a 0.84% interest in the Exxon operated Canje block, also adjacent to the prolific Stabroek block, through its holding in JHI Associates. Several targets have been identified for drilling including Bulletwood-1, Jabillo-1 and Sapote-1. I have not seen and resource figures, but imagine they will be of similar size and COS to those on Kaieteur.

WTE also has a 0.12% interest in the Tullow operated Orinduik block, also adjacent to Stabroek, through its holding in ECO Atlantic. Further major exploration drilling is anticipated for 2021 targetting around a billion barrels.

Prior to the virus outbreak Exxon was planning to drill a total of 6 wells on Kaieteur and Canjie over the net few months all at zero cost to WTE. Exxon is currently still going ahead with Tanager-1 which is expected to spud next month. If all seven wells (Kaieteur 3, Canje 3, Orinduik 1) are drilled as originally planned that should amounts to around 30 MMB P50 net recoverable to WTE, with further upside in additional targets. Six of the wells are Exxon operated, many have a high COS and all are on trend with the prolific Stabroek block.

The current NAV of its block interests is around 10p per share, which underpins 2/3 of the current market cap of only £17M. The shares are also thinly traded so any interest in the shares will lead to a very rapid increase in share price especially with the first well coming in at 72% COS! Given all of this I expect WTE will perform extremely well indeed in the days and weeks ahead.

STRONG BUY

I read 89%.

Nice consolidation after a very fast rise. As soon as it starts to rise the buyers will come flooding in again.