Member Info for Phoebus

going through.

Yep. I3E taking a major spanking today on a pilot well LOL. Looks like a major overreaction with their two main drills up next. That said, I won't be selling any ECO to add there.

Thanks. Good sign this is about to move much higher.

RRE, I've thought the same myself. Definite similarities with IOG here and RRE had a go at buying that. Given the NPV of the project I3E is is a sitting duck at these levels. With 2 huge wells pending and given that we're sat a discount to all the funding and warrant strike prices this looks a very safe bet from these levels.

I3E £29M market cap, UKOG £81M. LOL

Imaging a company with this market cap drilling just Serenity. Its SP would get a serious hard on from these levels. Punters will be paying 45p+ before you know it to avoid missing out.

appearing now. Don't be fooled into thinking they are sells. Steady re-rate from here to a sensible discount from 50p.

Pumped is definitely NOT a word I'd used to describe I3E SP action the last few months. It's been like swimming in treacle TBH. If you want pumped look at UKOG for starters. Up 75% in a month with massive pending dilution ahead of a well with little upside.

Blimey, I wasn't even interested in this well. The next two are what I invested for as that's where the huge upside is. I can't be the only one that thinks that. I thought 55p was way too cheap for what was on offer given that NPV even after required debt is netted off looks to be around 500p. I can only image people will be more than happy to pile in at these levels given the upside that's on offer. Took an extra £20K myself. 45p-50p in a couple of weeks is my guess. Big enchiladas up next. Spicy!

Looks like a very poorly timed sell at almost the day low. Could have sold much higher today, but looks like they paniced. Never mind. Weak hands to strong hands ready for Heron result.

Level 2 is great. Lots of flashing numbers and pretty colors. :D

Yes, I have Level 2.

Bandit, it's nearly always hard to deal because MATD is an illiquid share. This share has a habit of going from no sell quote to can't buy in a flash followed by a rapid rise in price. Learnt the hard way here many moons ago not to get too fancy.

ALPal, the oil has already been discovered. Heron is an appraisal well less than 1km updip of discovery well. The volume of oil that is anticipated will totally transform MATD. The biggest risk here is not having a position.

Leak? LOL. A few wimps running for the hills more like. Expect we'll see a rush of buying into the close.

It's tempting to add even more. We heard only the other day that results for 75% COS Heron-1 are due from next Monday, so maybe only 66 minutes left to get in before the RNS.

Price is dropping because the noobs are panicing. LOL. They'll enjoy paying $$$ to get back in when Heron-1 RNS hits. Thanks for the cheap top up.

Excellent posts. Thanks. So it looks like Trippletail or Joe then as Ranger surely does not qualify as a new discovery. I'm not sure about the estimated timings for Trippletail. Is it a deeper/more time consuming drill than Joe?

Because first drill result is expected from Monday onwards. 75% COS appraisal about 1km updip from discovery well on adjacent licence, so no need to panic. Suspect a few are needlessly derisking. Expecting 15-20p in the next week. GLA

Anyone else doing the same?