Member Info for Phoebus

Big thanks Jimarillo. That's a surprising number of wells. Looks like I have a lot of research to do this evening.

It's not surprisig. When the money lands the SP is going supernova. 34.5 MMBOE 2C net with major upside from 5-7 well appraisal/exploration drilling campaign in EU waters and market cap only £12M.

I can see Totla's Venus-1 is due to spud this quarter in block 2913B. Are there any other wells due to spud this year or early next year in Namibia?

Suprised with the pullback here today especially with PVR moving up.

Remember these prospects are very high COS for exploration drills, with multiple stacked targets. Some of the most pronounced structures I've ever seen and very large too.

CAD$2.57 = 158.50p! Can't see any spud filing on SEDAR.

Well done if you managed to add on the shake.

Already back to highest ever on TSX @ 137p.

Looks like the dip coincided with a sudden shake across the markets due to resignation of Italian PM. Nice top up point.

https://www.zerohedge.com/news/2019-08-20/italys-conte-announces-resignation-setting-stage-prime-minister-salvini

Double top breakout looks very likely IMO. Reckon we get a pause now until TSX opens at 2:30 and then make another combined attempt.

Where is the market reaction. Wakey, wakey!

Survey ship about to mobilize and PVR kicked their funding window further down the road. All positive IMO. If PVR is prepared to go ahead with the site survey they must be very confident funds will eventually arrive from APEC.

today.

until we hit 115p. Good sign.

Think we know where they want to put their cash. ;)

https://www.zerohedge.com/news/2019-08-14/exxonmobil-looks-exit-uk-north-sea-oil-gas

Agree JH77. Could get an RNS intraday as soon as funds confirmed.

I'm fully aware of US market action and the 2-10 yeild curve inversion. Doesn't justify giving back 53% of Jethro gains almost immediately though, especially that last £15M drop in market cap on a laughable £10K in trades. I get your point re TSX Starvin. Moreover, the US markets were pretty much at day lows well before the TSX price dropped 15p from the 118p level.

Much as we had the price squeezed to a low ahead of the Jethro result it looks like the big boys are trying the same tactic to squeeze out the great unwashed before the Joe result. Guess they want the quality asset all to themselves. Don't think it will work with us long termers though. Only 4-6 weeks until next result, so here's to navigating a safe course through this market turbulence. Good luck all.

103p on TSX, dropping the last 8p on almost no volume. What a bunch of spineless losers.

Exactly, the higher COS should make a difference to the price action, but for the moment at least it isn't.

@BBN I wasn't comparing the companies, only the market dynamics. ECO's Jethro-1 wans't a wildcat. Up dip of 13 discoveries.