Member Info for Phoebus

.

TLW and ECO are the main focus of the lunchtime session and appear to be the only oil drillers presenting at the conference so all eyes should be on Orinduik and ECO.

11:45 Jerome Kelly, Exploration Manager South America, Tullow Oil

Title: Tullow & Guyana: Exploring a Shared Future
This presentation will summarize Tullow’s position in Guyana and set out our exploration plans for this year and coming years, as well as addressing how Tullow plans to work together with all elements of the Guyanese nation in ensuring that any success our exploration efforts achieve is shared for the benefit of all.

12:55 Future Operations Panel Discussion

Jerome Kelly, Exploration Manager South America, Tullow Oil
Sonya Boodoo, Senior Analyst, Rystad Energy
Colin KInley, Chief Operating Officer, Echo Atlantic

An article about it:

https://oilnow.gy/featured/major-og-summit-on-guyana-begins-july-3-in-london/

.

Suggest you play the ball.

OIP figures might look nice, but they are only hoping to recover 5 to 10 barrels from the test! That's a shocker. Read 2019-01-29 RNS:

'The Company has commenced work to identify a suitable site for the 2019 Field Test, following which it will first seek to test drill into the upper mahogany zone of the shale, which is near surface and the zone within which the BART test was previously undertaken. The BART test was undertaken in the early 1980's using the RF technology now held by TurboShale at a site in the same Uintah Basin as TomCo's Holliday Block. Subject to funding, the Company will then drill further wells and install two RF antennas at a 3 metre separation to undertake the test, as it seeks to recover oil from the Company's Holliday Block using TurboShale's RF technology. SUBJECT TO A SUCCESSFUL TEST, THE BOARD EXPECTS THAT INITIAL PRODUCTION WILL BE 5 TO 10 BARRELS OF OIL AT THIS STAGE OF THE PROGRAMME. '

Mani, look at the TSX chart in Sterling. It's only just dropped off 89-90p in the last few minutes after being there for weeks. This shows the price action up to yesterday's TSX close.

https://c.stockcharts.com/c-sc/sc?s=EOG.V%3A%24GBPCAD&p=D&b=5&g=0&i=t0592307258c&r=1560183669688

Press enter in the browser address bar if the image does not appear automatically on clicking the link.

BrightSpot, if you take a position in a few weeks it will likely be too late as the Jethro interval will be reached in about 3 weeks time. Remember the CPR states that the likelihood of hydrocarbon charge at all 15 of ECO's prospects is 100%. The risk here is seal and trap yet this has been fine at at least 13 of the 15 drill locations on Stabroek. Then consider that we have funds for 8 wells targetting a total of 10 prospects. I am certain ECO will hit oil, it's just a question of when and how much.

TSX SP has basically been flat at 90p for 6 weeks and is currently 26% above the LSE price. Bonkers.

This is really taking the P now. Same as yesterday when we had £150K plus in buys and £4K in sells by 15:11 yet the SP still dropped. Almost guaranteed spud RNS on monday morning, Hammerhead 2 and 3 results any day now where they are already testing. Given the way the SP is behaving you'd think we were drilling for dog shyt, yet not only are we targetting THE BEST exporation acreage in the world we have EIGHT bites of the cherry all FULLY FUNDED. Having derisked some time ago I am more than happy to let the rest of my holding ride though results on what looks to be the best oil and gas exploration play I've seen in 10 years of investing in this sector. GLALTH

I totally agree. This asset is such an insignificant part of ALBA's portfolio the SP reaction is hilarious. Not even worth 10% of the spread. LOL

Did you not read my post? There were 30 buys and only two sells before 15:11 and since then we've had 5 sells and one buy. Ignore the red or blue system as it's incorrect. Investing 101.

And combined with the recent price action that would make perfect sense. Tata mugs. We own your shares now.

Remeber, it closed on the LSE at 84p one afternoon a few weeks ago and was at 106.5p later that evening on the TSX locking all LSE investors out. Same could easily happen again and there may be no retrace this time.

30 buys and 2 sells. 198K shares bought and 5K sold. It really will be halle-fukin-lujah when this log finally turns. Wait till folks are bored out of their shares and then boom. SP action is a complete sham and a disgrace. GLALTH

https://oilnow.gy/featured/stena-forth-arrives-in-guyana-for-tullow-drill-campaign/

just popped up from an hour ago. Looks like this may well be the start of the big rise into HH drilling. GLALTH

popped up from 15:58 yesterday afternoon after which the share price started to increase. Another good sign that the bottom is in.

ADVFN Level 2.

I'm guessing one of those is marked BEGO on my system. They've been eagerly pushing the ask down for a long time quoting a much lower price than any of the other brokers, 3p at points, but have finally moved well away from the ask and are now consistently the highest on the bid. With spud very close I think we are about to see a change of game play. GLA