Member Info for Phoebus

Doing a Ronnie.
https://i.guim.co.uk/img/media/a62c5043c1fd509eadf163df8a067fbe35ca2450/0_174_3500_2099/master/3500.jpg?width=465&quality=45&auto=format&fit=max&dpr=2&s=1ecdb34d8fa0c6b92fcd083b41b5b238

Agreed, lower API is more expensive to develop though ORCA's NPV10 is $1.4B at $70/BBL vs £29M market cap. Pilot Field break even is $39/BBL. I'm not aware of any other LSE listed stocks like JOG and ORCA.

Sorry about the repeated double posts. Wish LSE would get that fixed.

https://oilnow.gy/featured/cgx-says-kawa-was-a-finders-well-opportunity-unlocked-not-being-abandoned/

https://oilnow.gy/featured/cgx-says-kawa-was-a-finders-well-opportunity-unlocked-not-being-abandoned/

Great tip Shareseeker. ORCA is the only other LSE listed oiler in a similar position to JOG. Huge amount of discovered 2P/2C in the North Sea waiting to be developed. SP not moved yet. Looks a bargain.

Yes. I've seen a few groups of 2.5K sells in quick succession the last few days. Looks like someone trying to fake it lower on tiny volume. Market makers should have a word.

Yes. I've seen a few groups of 2.5K sells in quick succession the last few days. Looks like someone trying to fake it lower on tiny volume. Market makers should have a word.

Mr. 2.5K splitting their order again. Very poor form.

TLW +10%. Pinky and Perky.

Imagine the cash flow.

Imagine the cash flow.

Brent $138!

https://www.reuters.com/business/energy/oil-price-set-surge-further-iranian-talks-delays-2022-03-06/

Ah, think I misunderstood your comment Wallact. Yes, it was amazing timing. If I'm not mistaken the Graff rumor hit the same day as the acquisition news. It's like Gil was hovering with a pen.

Ah, think I misunderstood your comment Wallact. Yes, it was amazing timing. If I'm not mistaken the Graff rumor hit the same day as the acquisition news. It's like Gil was hovering with a pen.

There was plenty of justification for the move. When the AZINAM deal was signed ECO was at the same level it was last year, so we have to factor in all the news since then. Fangtooth discovery, AZINAM deal adding Namibian and South African acreage, a major drill lined up at Gazania, Graff and Venus discoveries focusing all eyes on the Orange Basin and our 3B/4B acreage, Exxon planning 12 wells on Canje, attention turning up-slope in Guyana with Kawa, Wei, Beebei, Barreleye and Lukanani, drilling announcements for Canje and Orinduik pending and oil up 80%. ECO is significantly more attractive than when we were at 25p last year.

Harel, any word on the Kanuku deal? Wondering if Gil will use the Kawa flip flow to put the frightners on TLW to convince them to farm down.

Having studied the maps very carefully, by my calculations the Cretaceous discovery at Fangtooth-1 is only 8 miles from our closest Cretaceous prospect putting us next in line along the string of 30 or so Cretaceous discoveries. Quite how TLW hasn't yet drilled the Cretaceous it is beyond me. In their wisdom they decided to drill the Triassic instead twice. They then wasted $27.5M net drilling Goliathberg Voltzberg North-1 in Block 47 Suriname in 1,900m of water despite being much smaller than our Cretaceous targets and 4 blocks away from the action. Then they walked out of PEL 90 in Nambia just before Shell and Graff make history right next door. I believe the drilling decision on Orinduik has to be taken in Q3 to allow entry into the second renewal period. My guess is either TLW will say yes or they will get booted and our working interest will increase to 37.5%. In either case drilling will go ahead, and about time.

Having studied the maps very carefully, by my calculations the Cretaceous discovery at Fangtooth-1 is only 8 miles from our closest Cretaceous prospect putting us next in line along the string of 30 or so Cretaceous discoveries. Quite how TLW hasn't yet drilled the Cretaceous it is beyond me. In their wisdom they decided to drill the Triassic instead twice. They then wasted $27.5M net drilling Goliathberg Voltzberg North-1 in Block 47 Suriname in 1,900m of water despite being much smaller than our Cretaceous targets and 4 blocks away from the action. Then they walked out of PEL 90 in Nambia just before Shell and Graff make history right next door. I believe the drilling decision on Orinduik has to be taken in Q3 to allow entry into the second renewal period. My guess is either TLW will say yes or they will get booted and our working interest will increase to 37.5%. In either case drilling will go ahead, and about time.