Member Info for Phoebus

As per yesterday MMs dip shares on a tiny amount of selling and this time they elicit a whirlwind of buying. 0.5M shares sold 3.8M purchased. Free float diminishes even further.

Good feckin point. Nor has PET.

https://oilnow.gy/featured/our-main-focus-is-to-deliver-on-our-promise-of-large-oil-deposits-in-guyana-gil-holzman/

in the Irish Parliament this afternoon. Speaker then asked about the vote on the actual bill then broke into Irish and the feed was cut. Did anyone understand what happened? I'm guessing they didn't even bother to vote on the bill. Thanks.

Institutional investors such as City Financial and Goldman Sachs.

If you're correct, why on earth did Goldman Sachs double their holding to nearly 10%? Also we all know that C&F have only sold because they went into administration, which has zero to do with PVR or Barryroe.

Only 4 or 5 months until drilling with site survey consent around the corner and yet SP is sat only 11% over level BEFORE farmout was signed! Farmout was larger than expected including 5-7 drills instead of the expected 3, plus an addition EUR20M or so in cash for EXOLA. How on earth SP is still at these levels defies all logic. Roughly 50p/BOE 2C is ridiculous.

Yep. 1.04M in buys and only 305K sold. LOL

Agreed DelBoi. It's always amusing when your own holding drops more in value than the total value of shares traded to cause that drop. Even more fun when it happens to the upside. MMs need the shares I guess. Bless. Unfortunately in dropping the SP they've already elicited more buying than selling today. Shame.

Tomorrow is the last day for submissions regarding the Barryroe site survey consent. Given the authorities have issued this once before and only need to reissue due to their own technical error, I fully expect consent to be issued very soon, maybe even next week. Looks like an excellent buying op to me. GLA

'If they are signing up, they must have a plan, imho.' Yes, destroy shareholder value with repeated large dilution as per AAOG is my guess. But, I hear you say, 'Despite some difficulties at AAOG they have largely delivered what they promised.' Have they really? Where are the flow rates? Just a load of unrealistic fantasy targets for TLP-101, 102 and 103 that have yet to materialize. Despite being on the edge for a while I've always held out hope that ROSE might come good. Good luck if you decide to take the plunge, but I'm not sure I could bring myself to invest after these appointments.

Good to see a pullback after the relentless rally. With two months until rig mobilization I expect we'll see a nice bullish pennant form on the chart. GLA

Exactly TirnaNog. Civil Service gets what it needs to implement its strategy both here and in Ireland regardless of public opinion. No Brexit (or very soft Brexit) and oil drilling goes ahead.

I guess it depends on their strategy. If it was a quick trade bought on the lows for a few quid profit then fair enough. I think most of us are in for Barryroe though so selling when it looks like the overhang has cleared would not be a wise move. It looks like there are still a few shares to offload so the seller has been lucky this time, however it's not a risk I'd like to take. We are lucky the overhang has afforded such an excellent entry point IMO.

Some key points from the interview:

Block itself has more than 12 prospects that will be drilled eventually / this year's drill campaign is targeting prospects with higher COS and less production risk / expects to announce second drill target to the market in next few days / no risk of a hydrocarbon presence on Orinduik and reservoir integrity is very good / just trying to identify best areas where oil might have trapped / conservatively estimates 43 days for first well although Exxon drilling in deeper water taking only 20 days per well / cost net to ECO is $7M for first well $3M for second well / more than $19M in cash / very well funded for additional 2 wells next year / lowest break even globally for production wells offshore / quotes Exxon, Hess number of $8/BOE for in ground discoveries / thinks it's inevitable ECO will sell stake in Orinduik or be taken over

Looking forward for announcement of second drill details, which is due any day according to Gil. Would be nice to see a Tertiary-Cretaceous combo.

and ANGS on the rise again. With UKOG's pre drill placing out the way and the HH drill month of April only a few days away it won't be long before the rally starts here in earnest. Still expecting 0.6p as the horizontal Horse Hill drills begin revealing the goods. Get ready for a big move.

Ostrowm takes down Yokozuna for Kimboshi! Good move sir.

https://en.wikipedia.org/wiki/Kinboshi

What a laughable reaction indeed to GS holdings increase. An irrational fool appears to have lost the plot with the sell button. Seems especially dumb with site survey consent just around the corner. I suggest they get a grip.

https://oilnow.gy/featured/multiple-campaigns-underway-at-stabroek-block/

https://oilnow.gy/featured/payara-development-targeting-220000-bpd-peak-production/