Member Info for Phoebus

Quite right DND. Had my eye on this for a very long time due to Ogo which is a huge world class discovery. Asset is massive for a company of LEK's market cap and today's news unlock's that. Won't be surprised to see this do several 100% off the lows.

Originally the CPR was due to come out before Carapa. In an interview a couple of days or so after the Joe result Gil stated 3-5 weeks for the CPR and Carapa would not have been drilled by then. That came and went ages ago and he's been kicking the can ever since. If they intend to wait until the results of the three wells and seismic reprocessing is done as stated then the CPR is likely 2-3 months away, but you never know.

Correct on the COS Wedgewood. TLW and ECO quoted different figures for Joe and Jethro COS.

Good move Skwizz. Suspect Trump 2020 might be a good one too.

Sterling move is not a partisan issue. It affects us all.

Wrong.

Thanks to Boris deciding to rule out an extension of trade negotiations with the EU past the end of 2020 I hope Sterling doesn't crash right through 2020. Lost thousands in purchasing power already this week just when Brexit fallout looked to have cleared for a bit. Thanks a ******* bunch Boris. Merry ******* Christmas to you too.

No, he only has 11.5%. He only gets the other % if he exercises the warrants, which can be converted at 0.25p.

Reiteration of what we already knew.

Reading note 7 seems to confirm, so the 7.5p placing price is 0.025p in current money. I guess whoever just paid 0.05p thinking it was cheap realises it's the equivalent of 15p post consolidation or twice the placing price.

By my calcs the 7.5p placing is equivalent to an unconsolidated share price of 0.025p. 75K old shares consolidated into one share which is then split into 250 shares. 75K shares become 250 shares, which is the same as 300 to one. 7.5p / 300 = 0.025p placing. SP already at placing price. Is that correct?

Think it was $700K not £700K.

Daramuda, in that case no problem then.

AGM is 27th December. Single trading day wedged between Boxing Day and the weekend. Strange time for an AGM. Guess they're hoping people are on holiday so they can avoid a grilling over the well analysis results.

Thanks Zeusfurla. Looking again at the RNS it seems to suggest that the Lower Herrera was the only targetted pay so I would infer that the net pay in the Lower Cruse, Upper Herrera and Middle Herrera were a bonus totalling 860ft net pay.

The only figure I can see for Cascadura is 0.94 MMBOE 2C net to TXP which is miniscule. How does that relate to the intervals announced in today's RNS? I'm guessing one or more of the huge zones announced today must surely be in addition to this figure. Any idea of the volumetric potential here now, which surely must be greater? Thanks.

Thanks.

Why is TLW crashing this morning? Down 17% already.

Well done if you added on the dip.

Good chance we ramp back up into close. GLA

True ask increasing again and MMs willing to take large amount off me once again. Good sign we're about to move up again. GLA