Member Info for Phoebus

Don't sweat it Dazza, I'm sure a lot of us are saying the same thing. Impossible to judge a rally as ridiculous as this one. If I were the Sheik I'd just dump the whole lot into the market strength and walk away with several £M profit.

All down to delays. The drilling plan combined with the dearth of free float was and still is a recipe for a gigantic short squeeze once boxes are ticked and operations timelines are confirmed. They are almost no shares available for puchase whenever the SP start to move back up and there has been very little selling since the last move to 2.9p. It's just a matter of waiting. Hugely undervalued at these levels.

But where are the COS figures? Surely they would have included them if they were any good. Morocco must be too early stage to really drive the SP anyway.

https://oilnow.gy/featured/ramps-logistics-secures-full-integrated-contract-with-tullow-for-guyana-drill-campaign/

from £1.2 to £13.4M on a £680K placing, a sum of cash equivalent to only 5% of the current market cap. SP might look small, but consider the market cap before adding further. A lot more funds will be needed and our new investor will likely only contribute up to 30% to avoid having to make a mandatory TO offer. The rest will need to come from elsewhere, so getting spiked ahead of massive post consolidation placing looks very possible. GLA

as a road map for the Barryroe process as Druid suggests. They ticked some boxes in quick succession. Regulatory storm in a teacup. Today's sellers are chumps dumping below Brandon Hill management's last buy in price. Good luck buying back more than 50K shares when it turns.

https://www.dccae.gov.ie/en-ie/natural-resources/consultations/Pages/Application-for-consent-for-exploratory-drilling-from-Nexen-CNOOC.aspx

rides to town dumping 100K tranches and waving his shiny badge. Seems no one else cares. Guess he'll be long gone by the time we saddle up for the Yukon.

Exxon released news of Yellowtail discovery and double Hammerhead appraisal late on Thursday. No trading for ECO last Friday on either LSE or TSX, however the TSX opens this afternoon. Was the timing of the news release just a coincidence? Certainly provides a great opportunity to jump start the SP and steal lots of shares without LSE participants beinging able to respond. Are we about to get fireworks this afternoon?

The volume of selling yesterday was tiny.

Each of the well locations and the Orinduik licence consists of a list of coordinates which form the outline of a polygon. The coordinates for the wells are in the documents Itsyou linked to:

https://marad.gov.gy/wp-content/uploads/2018/08/No.-16-2018-Guyana-EEPGL-Drilling-Operation.pdf
https://marad.gov.gy/wp-content/uploads/2019/04/No.-19_2019_EEPGL_Drilling.pdf
https://marad.gov.gy/wp-content/uploads/2019/04/No_20_2019_EEPGL_Drilling.pdf

The coordinates for Orinduik are on p6 of the following document.

https://www.tullowoil.com/Media/docs/default-source/5_sustainability/orinduik-peteroleum-prospecting-license.pdf?sfvrsn=0.09914435687061812

The latitute and longitude data is in the format 07º 56'.444 i.e. 7 degrees and 56.444 minutes. Convert to degrees (one degree equals 60 minutes) and make the longitute coordinates negative to indicate west. Plot an XY scatter plot in Excel using each set of coordinates as a different data series making sure to add the first coordinate of each series again at the end of the series to close the polygon. Format accordingly.

Here's the map as requested showing location of the Hammerhead drill sites in relation to Orinduik. Hammerhead-3 in particular looks quite a bit closer to our licence and appears to be testing the outer flank of the Hammerhead structure. Good results from there should increase the discovered barrels towards the P10 end of the scale.

https://i.postimg.cc/2ydxhH1D/Hammerhead-Locations-Map.jpg

Thanks for yet another stellar post Itsyou. Will certainly be an enjoyable Easter weekend now. Have a good one.

Agree 100%. Unless a safe method of purchase (and sale) can be found I'd avoid crypto.

The problem with crypto is how to buy it without handing over ID to some unknown entity or individual. While the websites might look kosher, you don't know who you're actually handing your ID to or how they'll store it so the risk of identiy theft for the sake of some BTC exposure looks far too high. Cash purchase is also far to dangerous in quantity as you could be robbed. Any ideas?

Ratio Petroleum just hit a new all time high of 438 ILS, up 22% since ECO's placing was announced. Note also the purchase of 1.56M ECO shares at 79.5p in four separate trades late yesterday that have just been reported.

https://www.investing.com/equities/ratio-petroleum-energy-lp

since the placing. Rockets on day of placing to 87p as a wave of pent up demand from investors keen to buy back in, add to their positions or thankful to get in after missing the boat, yet slowly it dribbles back and now sits under the placing price. Given how appealing the assets are, the fact the placing is less than 10% of the market cap and the tiny discount the placing was executed at I find it rather bizzare. The drill campaign looks very likely to be successful and now with more bites at the cherry investors will be even less keen to derisk. With three months or more until TD on the first well I'm perplexed as to why anyone is selling below 80p.

The fact the shares were taken up by sticky hands means there is no need to spike the SP to flip the placing shares. Perhaps this stagnation has puzzled a few into selling whereas it is actually a sign of investor strength. Also the MMs certainly seem to be keeping the SP much more steady since the placing and the increase in NMS to 10K shares.

I'm sure a few shares are still changing hands from the placing, but I will be staggered if this doesn't work though in a week or two before we see a sudden and very sharp rise. Only 7 weeks to rig mobilization so there must be plenty who want in for what's in store. GLA

from BOR's Darwin well so NFB activity is of no concern to BOR.

My thoughts exactly Mani.

Buy vol > sell vol today. Transformational news that takes company over the event horizon operationally should see SP find a new higher level than before.

8.6M shares. Think I need a cuppa.