Member Info for Phoebus

4.5M BBL. More hypothetical nonsense based on yet another load of never delivered fantasy flow rates. This well was supposed to have been fully funded and drilled years ago yet it's nearly 2020 and despite gargantuan dilution since we were 'fully funded' we still have no flow rates. What's the most likely outcome? Get the SP up. Well doesn't deliver. SP crashes. Do another huge placing. If you feel like buying, proceed with extreme caution.

PMSL! There is NO AGREEMENT only a 'non-binding indicative term sheet'. What a load of BS. Don't even know if 103 is a duster or not. No flow rates. No CPR. Check out the AAOG shareholder video:

https://www.youtube.com/watch?v=OXuFQ8_DGzg

Jimmy looks a bit small TBH. I'd rather they focussed on some of the bigger targets as we've barely scratched the surface of the CPR so far.

including those large ones of 2.5M and 915K. Careful not to get mugged of your shares.

Once funding is complete the market cap should be near enough £50M at this level. Given that the well is an out-and-out wildcat lying a vast distance from any successful drilling I expect there to be heavy derisking ahead of results especially with the huge overhang of funding shares. With no farm in achieved after many years and the City unable to get a placing away at much lower levels I do worry that PIs are being milked as a last resort and will be left holding the bag as the market derisks into drilling.

Maturd LOL. Definitely a business.

for purchase this morning on quote and deal even at full ask. Has the air of a fishing trip.

I heard him say that too regarding 1-2 months, and I'm sure he said 3-6 weeks in another interview the very same week. In either case we're getting into the start of the possible news window and the SP tends to move ahead of anticipated news. Looking forward to the P50 and COS upgrades.

You may be right although I'm anticipating the CPR update is essentially to showcase the dersiking of the Tertiary on the back of Jethro and Joe success rather than any Cretaceous uplift from Carapa results read across, in which case it's only time dependent on ECO and it's competent person and not on the results of Carapa. If Carapa is successful I won't be surprised I we get an additional CPR update regarding the Cretaceous, which in theory would show a large increase in COS across these deeper targets also.

It's been much easier to sell in quantity today than to buy in quantity, which is definitely bullish.

Based on Gil's comments isn't our updated CPR due some time over the next week or two. Should see an increase in the number of prospects, a significant uplift in P50 figures and a big jump in the COS of the tertiary targets. That all equates to an increase in baseline valuation ahead of further drilling. Perhaps this is the start of the rerate in anticipation. GLALTH

SP has done nada for eons and we get a puff piece in the DM telling us nothing we didn't know already and the shares go mental. Nice if you have a crystal ball to know what MIDAS will ramp next. Don't know how they get away with it. Makes proper research look like a total waste of time. That said, well done all long suffering shareholders.

I couldn't get a quote for ANY stock on Barclays website in last 10 minutes of trading as it said market was closed.

Anyone else have trouble getting quotes on Barclays website in last 10 minutes for trading today? Couldn't get a quote for any stock as it said market was closed.

Anyone having trouble getting quotes on Barclays website in the last few minutes?

Except ECO closed at around 128.3p on TSX.

What will the market cap be going into drilling?

1.9475p for 1 million

Wouldn't surprise me if the OO gets pulled and they revert to the original placing rumoured a fortnight ago by TW in the 1.0-1.4p range. The huge volume this last week at much higher prices may well have created enough bag holders to make such a placing viable. This share has form for placing into huge BS pumps. Remember the Attorney General ramp a few months ago on a supposed deal with a major oil company. Perhaps they can float another story about a deal with a major ... Greggs for the AGM catering. I remain hopeful but incredibly cautious here.

If BPC had made a similar offer to shareholders as they were reported to have been making to bucket shops last week they might have had a chance, but 2p is an insult to shareholders IMO. Why would mom and pop investors pony up £7M at a premium heading into a risky drill program? Feels like a bagholder creation exercise to me.