Member Info for Phoebus

Very first question is asking for more info on Hammerhead.

Will be interesting to hear if Exxon give any indication as to development timeline for Hammerhead especially as this should involve ECO.

At this rate we'll be getting a RNS from Gil about Hammerhead before Exxon. LOL.

Canadian market! Stoopid phukers.

BEGO, which appears to have been acting as the ax on ECO for a long time has move off the ask and is now at 76p. Suggests to me that this is about to lift off.

Excellent spot oldpro. Hess conference call start at 15:00 GMT this afternoon. No doubt they will get asked about Hammerhead so I expect we will learn some more details. Could be an exciting afternoon.

http://phx.corporate-ir.net/phoenix.zhtml?c=101801&p=irol-news&nyo=0

I do not recall such a lack of detail with regards to a Stabroek drill result as for these two wells. All other drills have had Exxon news releases with detail lithology results. I have a feeling they are trying to hide just how good Hammerhead is from Orinduik parties and the wider market at this stage. If our results are good this knowledge would give them the upper hand in valuing ECO to make a takover offer.

Nonsense. It's all about the site survy permit. The APEC issue is just a symptom of the site survey permit being delayed, and that appears to be down to DCCAE not being on the ball with regard to regulations updates and uploading documents to their website incorrectly. Thankfully that hurdle is now passed and were just waiting for final ministerial sign off which should be any day now. Once that's happened I'm sure HSBC will be shown whatever doc they need to see from APEC's side and the payment will clear. This is an excellent buying opportunity as it should be full steam ahead with operations very shortly. STRONG BUY for PVR and LOGP.

From the 2019-04-04 placement RNS, 'The Issue Shares will be freely transferable outside of Canada, however these shares are subject to a four-month and one day restricted hold period in Canada (beginning on 9 April 2019) which will prevent the Issue Shares from being resold in Canada, through a Canadian exchange or otherwise, during the restricted period without an exemption from the Canadian prospectus requirement.'

So the restriction on selling the placing shares in Canada that has led to the price mismatch between the two exchanges ends in about a week, which should be just in time for drill results. Makes sense that the TSX and LSE prices are beginning to converge. This should make for a more transparent market when results arrive.

Nothing on DCCAE website this evening, so I'd say Thursday morning at the earliest for a permit RNS.

I don't think the SP has moved at all in Ireland. Look at the order book. The last trade was 9.12c just above the bid of 9.0c, but the ask it's still 13.8c (12.65p) the price you say it dropped from. It looks to me that the bid and ask have remained constant and all that's happened is that yesterday's last trade was a buy and today's last trade was a sell. Add to that the fact that the spread is over 50% it appears that micro analysing the price action on the Irish exchange is completely meaningless. Unless we see really huge volume there or your shares are listed there I'd ignore the Irish listing entirely.

Will we get an RNS now?

The GBP valuation here is soaring by the minute as Sterling is starting to accelerate through the concrete. At this rate we'll be above 100p with or without a discovery. LOL

I agree about trying to bore shareholders out of their stock holdings. One of the most exciting oil explorers I've encountered yet as we speak paint evaporates from the command bunker walls here at Phoebus Heights (petroleum based of course). ;)

That's a lot of buying gone through at 2.20p.

Nice one. Mine's chilling ready. Looking forward to a liquid breakfast. ;)

https://www.zawya.com/mena/en/press-releases/story/Qatar_Petroleum_signs_agreement_to_enter_exploration_blocks_in_Guyana-ZAWYA20190729071440/

https://www.reuters.com/article/us-qatar-total-guyana-idUSKCN1UO0QK

I'm sure this is all connected to the site survey permit. As soon as it's issued, which should be imminently, the payment will complete. It's as if HSBC are acting as escrow while the permit is issued.

For the sake of clarity, this latest MARAD notice is dated 25th July 2019. See bottom of page.

https://marad.gov.gy/wp-content/uploads/2019/07/No.-55_2019_Tullow_Guyana_B.-V_Drilling.pdf

Look what I saw in TESCO today. Guess it's missing an e as the environmentalists have been sent packing. Had to buy some ready to celebrate permit issuance RNS. Here's to an exciting week. GLA

https://digitalcontent.api.tesco.com/v1/media/ghs/snapshotimagehandler_2041825687.jpeg?h=800&w=800