Member Info for Phoebus

The key to UKOG is being in at the right time, i.e. when there is major newsflow pending and financing is done. This is such a time. Don't be overly pessemistic just because your initial timing was off. A lot of money will be made here over the summer. GLA

How much are you up/down in UKOG overall so far?

I bought in at 0.9p on the pre BB placing and sold a few weeks later for nearly 10p. I also warned repeatedly that UKOG would likely do a placing ahead of these next two wells and was told I was talking rubbish, but was proven correct. IMO it's now the time to back up the truck ahead of HH operations which are due to start very soon. UKOG has delivered huge SP gains on each round of Weald drilling and folks should expect the same this time around. A succession of well crafted bullish RNS should deliver a handsome surge in SP. Not long to wait now. Folks who bailed will wonder what on earth they were thinking.

Marie Celeste Atlantic. Where is everyone? Hottest exploration acreage on the planet. Only small listed company in the zone. Development costs lowest in offshore industry. Majors swarming like flies. Yet the comment board is as silent as the Marie Celeste. On the horizon clouds gather. Trade winds to paradise are stirring. GLA

Nice move. UKOG is naturally aspirated. First sign of movmement on HH and this will hit the red line faster than my ND.

'the Operator's plans are to continue HH-1 Portland EWT production until the expiry of the current EWT permit in May 2019, when activities will focus on drilling planned new wells, for which planning consents and environmental permits are in place.'

https://investegate.co.uk/alba-min-res-plc--alba-/rns/final-results/201905031601360877Y/

So a maximum of 11 days left for EWT if not less and then focus shifts to drilling the two new HH wells. This will be the most important period of UKOG operational newsflow in almost 2 years. Only the weak are selling out at this price. Time to add. Sit back and watch them light the touch paper as drilling operations are given the nod. Not long to go now. GLALTH

https://investegate.co.uk/echo-energy-plc--echo-/rns/final-results/201905020700048230X/

$15.9M of debt according to last results. That's not a good position for a mere exploration company. Reminds me of Max Petroleum although Max had some production at least. Having reduced funding requirements for operations perhaps ECHO is now in a position to get a placing away to restructure the balance sheet.

But don't they still have huge debts to repay?

Net £5150 of buying yesterday and net buying of £2530 today and yet we drop further. Stinks. First ECO drill results are due in about 2 months, so An Taisce and the MMs look to be playing into my hands. Cheers.

You're spot on about the coal burning in Asia. Flew to Shanghai a few years back. A small filling had fallen from one of my teeth a couple of days prior and was barely noticable. No sooner had I stepped off the plane in Shanghai there was a tremendous burning sensation in my tooth. You could feel the acid in the air. Nasty.

Gell, Stuarto, did you make any money from the Broadford Bridge rally? The negativity on here reminds of just after the pre BB drill placing at 0.85p. People were in meltdown saying it was all over for UKOG. I called BS and advised backing up the truck. Those of us that did saw a 1000% gain in just 3 months. UKOG has delivered spectacular rallies time and again on every round of Weald drilling and this time should be no different. The market expects a huge rally, so when operations look set to begin and the first of a series of bullish RNS start to hit the wire the money will pour in and the SP will rocket. You can bet on 3 things in life, death, taxes and UKOG making excellent use of major operational newsflow to create a huge increase in SP. Three step plan. 1) Buy UKOG shares. 2) Wait for drilling. 3) Make lots of $. It's THAT simple, so stop fretting and BTFD.

now pending. Excellent. UKOG drilling will provide an excellent opportunity to make a lot of money as always and its now closer than ever with an additional SP kick from a pending CPR update. Three step plan. 1) Buy UKOG shares. 2) Wait for drilling. 3) Make lots of $. It's THAT simple, so stop fretting and BTFD.

Complete farce isn't it. Never offered more than 95p for my stock despite it breaking out and hitting an all time high of 106p+ on TSX on mega volume. A move like that followed by a near complete retrace after two months of near flat price action is extremely unusual. Gaming investors into losing faith just before Hammerhead results and rig mobilization? Surely not? The level of SP shenanigans is a reflection of how good the opportunity is IMO. Ignore the BS price games, be right and sit tight for the main course. GLALTH.

Boom!

Usually I would agree, but the normally tiny volumes on the TSX have been huge lately as has the sustained price differential.

Wonky price action again today. Up on TSX on big volume after LSE close yet down on LSE widening arbitrage gap between the two exchanges even further. LSE now 8p below TSX price. Still, I suppose it was 15p below the TSX at one point on Monday, so I guess its closing the gap. Another day, another round of bizarre price action.

Definitely. Nevertheless it looks like a few small fry are bailing on the open clueless as to the TSX price action no doubt. LOL.

Expect this to open strongly tomorrow morning. Well done all LTH.

My guess is the TSX and LSE converge somewhere in the middle, say 92-95p and then move higher perhaps after a bit of consolidation.

Seems they've sold 1.625M of their ECO shares in the open market. I suspected as much. Makes their stock look even more overvalued relative to their NAV. ECO is definitely the way to go for LSE investors wanting Guyana exposure.

https://www.investegate.co.uk/Article.aspx?id=201905131211158426Y&tab=article