Member Info for Phoebus

Here's a funnier one. 88E sat at �126M with no discovery and only restart of work at the so far awful Icewine-2 to look forward to this year. OMG give me strength!

Shake out over by the look of it. Consolidating nicely within rising triangle still heading for major 14p breakout. Won't be long now. Word of visas done and we're away IMO.

Well is targeting P50 recoverable resources of 29 MMB in the Alternances and 21 MMB in the Upper Sokor.

Yep and this well is 67.2% COS if I'm not mistaken. Time to pile in IMO.

BLVN is another good one. Finally about to drill their Etinde licence for the first time in many years with a 2 well appraisal campaign targeting a significant 2C upgrade with high COS. Throw in a mega pile of cash, free carry and pending extra payment accounting for probably around 75% of current market cap, yet where is everyone? Some of the wells on that licence have tested well over 20,000 BOE/D! With oil now over $80/B some of these stocks are going to have a monster rerate all of a sudden.

I couldn't agree more. Same on the CHAR board. Like BOIL, CHAR is just over cash per share with a monster P50 260 MMB net recoverable 29% COS drill in Q4. Despite this the pessimism on the board is incredible. Never had Namibian coffee before, but it sure does taste bitter. Folks need to stop being emotional and focus on the maths. Time to back up the truck on both stocks. In a couple of months time it will look like a very smart move IMO. GLA

How about farm in to North Kelsey drill with a bit of that cash. EDR are looking to farmout a bit more before late 2018 drill.

Perhaps they could rebrand along with the funding. Clear the air. We could have a new ticker, STAS. ;)

Feel like we've been shafted so much here nothing would surprise me.

Anyone else thinking 5p?

Colter looks highly likely to be successful so it should be fairly safe to stay in and roll profits into the Wick biggie. Good chance of a 0.60p breakout very soon. GLA

I like JOG and have chunky holding, but your choice of comparison with MATD is a bad one. MATD is targeting 600 MMBOE P50 net recoverable in this drilling campaign. So far JOG has only discovered 9.4 MMBO net on a P50 basis. This should increase towards the 23.4 MMBO P10 case on the back of the planned drilling with juicy Cortina to follow. However, if MATD is sucessful its market cap will trounce JOG by an order of magnitude, which is why its market cap is factoring a tiny fraction of the potential upside.

Not on the BOIL yet, but definitely approaching a light simmer.

Not only the BOIL yet, but definitely approaching a light simmer.

Page said there were several new posts. I reload, but nothing. Guess filter must be working. Shucks.

;)

Given the increase in P50 figures for Wild Horse it�s worth revisiting the risked valuation based on MATD�s own figures. According to p18 of their 2018-02 presentation, the NPV10 for a 150 MMB discovery is US$1.27B. Wild Horse P50 is now estimated to be 490 MMBO. Assuming NPV10 is proportional to P50 gives an NPV10 for a 490 MMB Wild Horse discovery of $4.12B or 568p per share. If we then risk that using the 16.7% COS, intimated in the Stockdale broker note, we get a pre spud price target of 85p. That seems rather far fetched from here, but clearly the current market cap offers massive upside. And this ignores the other 3 wells and Fox etc. http://www.petromatadgroup.com/wp-content/uploads/2018/01/1-Feb-2018-Investor-presentation-FINAL.pdf

reported @ 0.524p from 11:57. Folks loading up now rig for Colter and Wick gets the green light. Excitement should really start to build now.

just popped up from 09:27 when mid price was 0.515p.

ARG is now �31M market cap with a 5% royalty in its Falklands licences, which values them at �610M on a 100% basis. RKH has a 40% stake in Sea Lion and is valued at only �196M market cap, which values Sea Lion at only �490M on a 100% basis! Are ARG's licences really more valuable than the Sea Lion Field? No way Jose! ARG looking very overdone here.