Member Info for Phoebus

YA can convert at 90% of lowest VWAP over previous 5 days, which will be around 0.9p.

My bad. Around 0.9p.

And the death spiral is still outsanding. What price will they be converting this lot at? Should be around 0.8p. LOL

Wowzers!

the one that was mentioned by Wood Mac and the one that will really make the price SP soar. Drilling is right after Snow Leopard with super high COS appraisal wells on block XX to follow straight after that would justify the current market cap alone if successful. No wonder the BOD took a nice chunk. Exciting times.

Which also means behemoth Wild Horse looks defo to be drilled this year. A huge relief. Game on.

Same here. The dilution is irritating, however we now get 6 bites of the cherry which is a big deal. I was beginning to fear no Wild Horse drill in 2018, but given the rig is now mobilized for the first well, I think Wild Horse is now nailed on for 2018. This is a huge huge positive IMO as it's one of the top wells of 2018 according to Wood Mac. That plus rig mobilisation and blockbuster drill programme should guarantee a dip and rip. Good luck getting any at a low price. ATB

I see no link yet.

according to today's UPL RNS. Should make for interesting reading.

Looking forward to the Wick CPR finally breaking cover. How much of that 250 MMB oil in place is going to be marked down as recoverable? We've had mid case recoverable estimates ranging between 23.5 and 70.0 MMB so far, so it will be interesting to see. CPR should stick a rocket up BOIL also. Exciting times all round. GLA

And only 3 trades in the first 4 hours today!

With a deal signed, will the offerors now dare wait for the results of significant appraisal drilling before making a bid or risk paying a much higher price? Definitely getting very exciting here now.

Well I've added today on reading that news. Takover looking ever more likely IMO.

BOIL is still drifing, yet folks are busy swarming round 88E with �136M market cap despite awful progress at Icewine#2 and are driving UKOG higher again despite failure at BB-1, a big death sprial overhang and a pending placing. I bet BOIL ends up with better results and more 2P from this drilling campaign than 88E does from Icewine#2 and UKOG does from the next HH campaign wherever it finally happens. The current market cap here is only �1.5M greater than the cash position as at turnaround RNS date. Two plus drills lined up for Q3/4 targeting material barrels and good to excellent COS and yet nobody is interested. The ability of 'investors' to overlook real value and get burnt chasing hype is astonishing and embarassing. They only have themselves to blame for missing out on early opportunites like this while getting burnt chasing overpriced stock.

is just another red flag. Read the CPR and make up your own minds like the rest of the grown ups.

p107

Why are you having a go at me? Plenty of folks won't have read the CPR, and will think this is a 60 MMB well for ECHO and overcommit. It's helpful to be fully informed when jumping in. Focus on the facts.

Yes, if I look, but you should know already.

the way each well is being introduced by quoting the gross Pmean in place figures. 60 MMB sounds impressive doesn't it. The reality is the P50 recoverable net to ECHO for this well is not 60 MMB, but is infact a mere 5.69 MMB. Check the CPR. Doesn't sound so impressive does it, especially for a �58M market cap company.

;) FFS do some research. Namibia is about to see the the first industry wide drilling campaign in years with at least 2 wells nailed on. Any success there and expect to see follow up drilling and farm ins for the likes af ECO and GBP. GBP shares will go along for the ride as drilling approaches especially with such excellent cash support to the SP.