Member Info for Phoebus

Agreed Davwal. I think this is the best looking opportunity I've ever seen in the exploration space and I agree on your x20 Starvin. It's certainly possible if we get the results.

Has someone already missed the train a bit? The way things have played out here, I expect a few have been left underweight. A lot of investors weren't really interested in Sapote and were waiting on the Orinduik drilling announcement before committing. Following the Sapote result, the delaying of Orinduik until 2023 and a near 25% pull back in the oil price, ECO dipped under 20p in December, but from the trading volumes it is quite clear that very few on the sidelines took advantage to buy in. Since then we've had a non-stop barrage of significant and largely unexpected updates transforming the outlook for ECO, while at the same time the oil price has surged 80%.

Thankfully, I started to add on the Fangtooth news, but the speed of the rise and the unexpected nature of the news flow made it quite a scramble to get enough shares in time. ECO already looked by far the best exploration play on the market 12 months ago at 25p. With all the developments since then the current SP is a gift.

Gazania is a 60% COS well and at 175 MMB is even bigger net to ECO than a drill on Orinduik. If you sell down too much into drilling and it's successful, then you can kiss goodbye to ever getting in cheap for 3B/4B never mind Orinduik. I guess this has dawned on those that are underweight. If it were me I'd be backing up the truck ASAP. Gift horse and mouth spring to mind. GLA

Davwal, I'm guessing you're asking should ECO farm down 2B prior to drilling or after the result? Perhaps the Venus and Graff results will convince them to keep a bit more equity going into drilling, or help them to extract better farm out deal. Paraphrasing, Gil commented a while back that there were lots of keen potential investors who may invest at the asset or SPV level, so drilling would not necessarily be dilutive at the corporate level for ECO. The two major discoveries at Venus and Graff will have strengthened that case significantly.

You would think the high oil price would significantly accelerate things. If you are looking to exit via assets sales as Gil mentioned at the Oslo conference then executing when there is a high oil price should help you get best price. Gil and AOI are major shareholders so that should be on their minds.

Really excellent news. So that's at least 1 on Orinduik, 1 on 3B/4B, 2-3 on Canje and 1 on 2B in the next 18 months plus possibly one on Kanaku and maybe elsewhere. This is starting to look rather epic. So despite the bizarre pullback I'm going to have an excellent weekend. Cheers Harel.

And AOI back up 11%.

Gil should highlight our small market cap relative to the big boys and suggest that if they do a deal with us for a small percentage their directors can buy shares in ECO and have much greater personal leverage to the drilling outcomes on PEL 90 plus loads of upside elsewhere. Makes sense all round.

Yep. gone well and truly ape.
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5253318&span=2

Looks very juicy.
https://hawilti.com/wp-content/uploads/2022/02/PEL-90-Nambia-Havoc-Partners.png

I had been thinking the very same.

Do you mean PEL 90 north of Venus?

Pointless selling IMO. This is by far the lowest market cap publicly listed offshore Namibian oil company. Any comment on farmout from the company and this will rocket in anticipation. Less than a month until bid deadline.

Yep looking good.

I see FEC is back to unchanged since Wednesday.

Shell and BP. are down too, pretty much unchanged since oil was $80. It's very odd especially with oil at $115 and US markets seem fairly stable. I'm wondering if it's FTSE 100 tracker selling as FTSE 100 has been dragged down by its Russian components completely collapsing. Get that out of the way and markets should roar back. War means huge defense spending and massive money creation, much higher inflation and market up big time, especially commodities and commodities stocks.

Shell and BP. are down too, pretty much unchanged since oil was $80. It's very odd especially with oil at $115 and US markets seem fairly stable. I'm wondering if it's FTSE 100 tracker selling as FTSE 100 has been dragged down by its Russian components completely collapsing. Get that out of the way and markets should roar back. War means huge defense spending and massive money creation, much higher inflation and market up big time, especially commodities and commodities stocks.

It's very odd especially with oil at $115. I'm wondering if it's FTSE 100 tracker selling as FTSE has been dragged down by its Russian components completely collapsing. Get that out of the way and markets should roar back. War means huge defense spending and massive money creation, much higher inflation and market up big time. I notice US markets have been much more stable by comparison.

https://www.upstreamonline.com/opinion/namibia-basks-in-glow-from-venus/2-1-1177318

https://www.stabroeknews.com/2022/03/04/news/guyana/australian-shane-warne-dies-of-suspected-heart-attack-report/

Don't be ridiculous. One bloke puts in £450K, which is one third of the total. Are you going to out in £450K? Thought not.