Member Info for Phoebus

If offeror could facilitate it would make sense for them to make an offer sooner rather than later to get Sea Lion on the cheap(er).

Corrib does look interesting, but drilling likely towards the end of the touted 2019-2020 spud window makes it a long way off. Even the farmout process is not due to start until 2018-10.

to be made about now with POO soaring and before the market cap catches up? Just a thought.

Don't let the MMs roll you over Hamm. If you're feeling stressed this thould do the trick. ;) https://cniwo66329.i.lithium.com/t5/image/serverpage/image-id/9878i7ADA8796DDA48E4B/image-size/large?v=1.0&px=999

News on what? EDR submits new Wressle FDP? Big deal. Wonder how long they will take to give it the green light. Same with Holmwood. Likely nothing of interest happening here for some considerable time.

Ham LOL.

That's not a bad effort, but the sources cited in my earlier post suggest larget resource sizes for the three targets. 1) Colter / 26.8 MMB gross, 1.34 MMB net to BOIL with 56% COS. Planned for 2018 Q2/3. https://investegate.co.uk/baron-oil-plc--boil-/rns/operations-update/201803060700057965G/ 2) El Barco-3X / between 2.08 MMBOE and 8.17 MMB net to BOIL depending on oil/gas case and farmout or not. Planned for summer 2018. Oil case: ((6.4 BCF/6) + 7.1 MMB) = 8.17 MMBOE net at current 100% or 4.08 MMBOE net if farm down to 50%. https://investegate.co.uk/baron-oil-plc--boil-/rns/update-of-unrisked-prospective-resources/201611300759245209Q/ Gas gas: (25 BCF/6) = 4.17 MMBOE net at current 100% or 2.08 MMBOE net if farm down to 50%. http://www.baronoilplc.com/docum/Proactive_Investor_conf_031418.pdf 3) Wick / P50 recoverable 70 MMB gross, 10.5 MMB net to BOIL with 36% COS. Planned for Sept 2018. Referred to here as Wild Boar: https://investegate.co.uk/infrastrata-plc--infa-/rns/asset-exchange-agreement-with-fyrd-energy/201412161144229057Z/ If we use the gas case for El Barco-3X as per last presentation the total P50 recoverable net to BOIL for the 3 drills is between 13.9 MMBOE and 16.0 MMBOE depending on El Barco farm out. In the oil case the total rises to between 15.9 MMBOE and 20.0 MMBOE P50 recoverable net to BOIL.

Relax. Standard operating proceedure with this stock. Go to throw as many off the bus on the way up.

Just a technical trade IMO. Drilling probably still years away.

The SP will rerate with or without the Sundagas news IMO. It's just a bonus. The planned drilling programme will be more than enough to turbo charge the SP.

At 10.5 MMB P50 net recoverable, Wick in particular is going to be huge for BOIL. Succes there and anyone buying at these levels will make a fortune. Target is directly updip of producing Lybster Field with a decent COS. Only 4 months to planned 2018-09 spud.

Given the increase in volumes I think the market is beginning to cotton on to the excellent value on offer here with a fully funded 3 well campaign and a decent cash pile. This could rerate very quickly from here. GLA

Incorrect. Playing the man not the ball is usually a sign you're on shaky ground. How about just outline a sensible bull case? I'm far from 100% negative on this stock. If we include the oil estimates for Los Joaquines, Estancia La Maggie X-1004 and Los Alamos as per the CPR the P50 recoverable volumes net to ECHO are as follows: Estancia La Maggie X-1004 1.92 MMBOE Los Alamos 1.96 MMBOE Los Joaquines 1.43 MMBOE Molino Sur 5.69 MMBOE That's 11.0 MMBOE for the entire 4 well campaign. It's decent, but it needs to be seen in perspective. There are other companies with much smaller market caps and fully funded exploration campaigns going after much larger targets. The real interest here is Tapi Aike.

to get excited about. Nice how they quoted the gross P mean GIIP figure. The P50 recoverable figure is only 20 BCF and ECHO only has a 50% stake. That works out at only 1.67 MMBOE net recoverable to ECHO, which is tiny, especiallly for a company with a �55M market cap.

I totally agree Quaytex. Another shockingly poor RNS. Deadlines repeatedly set and stacks of new wells promised, yet time and again there are huge delays and little if any progress is made. Pinch of salt time.

just popped up from 16:07. Bodes well for tomorrow.

Sorry meant for BOIL.

just popped up from 16:07. Bodes well for tomorrow.

and was told that drilling in Q2 is still the guidance, so not long to go.

just popped up there from 13:48.