Member Info for Phoebus

LOL

Did you two fail maths GCSE or something? Bid is 0.6p, which is 14% below the placing price of 0.7p. ((0.6 / 0.7) - 1) x 100 = -14.3%.

This isn't going to plan.

Note that all the buying on LOGP was subsequent to that 09:24 trade. Both stocks are going to have a large move higher by the end of next week IMO. Best to take a position whilst it's quiet.

I disagree, that 750K trade looks like a delayed buy from 09:24 this morning. It's what triggered the start of the SP rise.

So was I, but it's a new presentation and there it is in black and white, two drills for TLW in Guyana overall in 2020. I'm really disappointed TBH. Hope they have a change of heart after the analysis is done. I'm not surprised Gil is so bullish, but at the end of the day we are just a junior partner with a 15% stake. TLW is the operator with lots of other interests and they calls the shots.

JH77 you are incorrect. ECO have no working interest in the licence that contains the Carapa-1 well.

I'm not pleased to see that TLW's post Jethro and Joe results presentation only has two wells pencilled in for 2020 across their Guyana acreage. For 2020 they indicate appraisal options for Jethro and Joe. Why are they intending to go so slowly? If it were me I'd drill Jethro Channel, Hammerhead Extension and one Cretaceous prospect on Orinduik at least in 2020, but it looks like they're planning to do very little. Hopefully things will change after all the analysis, but it would be really frustrating if all we got was an appraisal well on Orinduik and a drill on Kanuku. Maybe TLW needs to farm down to someone with deeper pockets to accelerate things a bit.

https://www.tullowoil.com/Media/docs/default-source/3_investors/tullow-oil-plc_overview-presentation_September2019.pdf?sfvrsn=6

I see CGX Energy (TSXV:OYL) is also tumbling down 33% from its high. Our second drill was a defacto drill for them too as the Joe prospect overlaps into their Demerara licence.

Yeah. Irritating. That was due to the fact that placing shares from the 80p placing could only be sold on the LSE and not the TSX. The price difference disappeared the very day the restriction was lifted. Guess it might appear again if we get another placing.

Or if you wanted an excuse to go after Iran, you could use a false flag attack against your own side in which case you would make it look as serious as possible to justify a response, but would acutally cause as little damage as possible so that you could bring back on production as quickly as possible. Light a few fires and turn off a few taps.

after the close like it did yesterday. Calm till LSE close then bam. This twin listing thing is quite irritating.

Agreed. I have a small position here ready for the Duyung drilling campaign and quite a bit more in CORO as it has better leverage, a higher working interest to market cap ratio. Had EME not delayed the Pearl River drilling I would have gone bigger here also. Give it a couple of weeks and we should see the rig mobilze and a stronger SP. I think the first well Tambak-1 is planned to penetrate the Mako field before the underlying exploration target, so we should hear some positive drilling results before we even get to the exploration inverval which is 45% COS in any case.

Surprised to see PMO pulling back this morning. GKP, SQZ, GENL all still going for it.

What was your lowest buy quote this morning? Mine was 4.47p for £2.5K.

I think most of TLW's increase is due to increased margins on their production due to mega spike in crude prices overnight. If not for that they would likely be around flat also.

FFS TSX. Grow a pair.

You were offered 200p? How many were you quoted for? Barclays said do one until 190p.

0.6M / 60.926 x 100 = 0.98p per share. That's quite a discount to the current SP.

I think that's incorrect Jimz. They must report every 1% threshold.

'In accordance with the London Stock Exchange (LSE) rules, Panel of Takeover and Mergers board (PTM) rules, an investor who acquires, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% of a UK company, must, under the Companies Act 1985 Section 198, disclose their interests to the London Stock Exchange and the company, within two days. The company may impose sanctions if disclosure not completed.'

https://www.clearstream.com/clearstream-en/products-and-services/market-coverage/europe-non-t2s/united-kingdom/disclosure-requirements-uk-1280798