Member Info for Phoebus

added 50% of ECO's market cap this morning hitting 80% of our market cap despite still having no actual partners at all, next to no cash, a licence that's running out and nothing but the most tenuous of drill plans. Don't get me wrong, I like BPC, but it's a pity we don't have that level of interest here. I guess it will arrive eventually.

For credibility's sake at least get the ticker correct.

A very astute observation there Dozzawba. Given their synchronised appearance it looks like one deramper with three new user ID's trying to appear like a negative consensus whilst hiding any links to their previous tainted personas? Talk about desperate. Isn't the use of multiple ID's against the T&C of this website?

on quote and deal. Bodes well for a move up.

I can sell 500K shares in one go above the bid again. No thanks.

Good to see it move up, but unless Wressle or Holmwood actually get the go ahead UJO doesn't look cheap. Biscathorpe is only 3 MMB net recoverable to UJO and the current market cap of �6.25M minus �2M in cash gives an EV of �4.25M, so you're already paying �4.25M for a 3MMB drill if you buy at the current SP. That works out at 142p/B for the Biscathrope drill, which looks rather expensive.

of $75.59/B.

again. Excellent timing for MATD.

Indeed. A Wick discovery of 10.5 MMB net recoverable to BOIL at only $5 per barrel would add almost 3p per share without any value for the other drills, licences or cash pile. And Wick COS is 30%, which is very good.

'...according to Optiva Securities analyst, Barney Gray ... [UOG] has a 10% stake in the Colter exploration well which is due to be drilled in the second quarter of this year, and, Gray reckons a discovery could be worth US$40mln or 8.8p per share to United.' http://www.proactiveinvestors.co.uk/companies/news/195974 BOIL has a 5% interest, which on this basis would be worth $20M, �14M or 1p per share. Excellent.

Block directly adjacent to Stabroek. Thanks to poster on ADVFN. htts://www.offshoreenergytoday.com/hess-grabs-new-acreage-next-to-guyanas-stabroek-block/?utm_source=emark&utm_medium=email&utm_campaign=daily-update-offshore-energy-today-2018-04-27&uid=23322

That's right. In this week's VOX market interview Gil actually said CPR would be available probably beginning of June and then said mid June, so that's only about 5 or 6 weeks away. I expect to see a continued SP increase as the deadline approaches. He also talked a lot about how the data was being processed in parallel, that is running with the analysis of early 3D results rather than waiting for delivery of the whole data set, thus arriving at a final interpretation, prospect inventory and drilling decision much quicker than would otherwise be possible. It sounds like all parties are chomping at the bit to get on with it. I think Total will announce their farm in much sooner that many expect and it will be accompanied by a drilling schedule. In two or three months time things could be looking pretty amazing here.

INFA acquired a 25% stake in P2235 in 2014 from Fyrd Energy. According to Fyrd the Wild Boar prospect on P2235 has recoverable prospective resources of 10 MMB P90, 70 MMB P50 and 266 MMB P10. They also state the prospect is close enough to the coast to be drilled from onshore. https://investegate.co.uk/infrastrata-plc--infa-/rns/asset-exchange-agreement-with-fyrd-energy/201412161144229057Z/ Does this all sound familiar? If I'm not mistaken that's because Wild Boar and Wick are the same prospect. Prospects gets renamed all the time and this RNS was several years ago and the licence owners have changed since then. If we look at the map of licence P2235, note how the Wick prospect covers nearly the entire licence. https://s18.postimg.cc/yf2aqzzd5/P.2235.jpg Unless Wild Boar was at a different horizon where would it fit on the map? It wouldn't. If it was a stacked target with Wick then the Wick well would likely be used to target both intervals, yet we don't hear that suggested. The figures also make sense, because 70 MMB implies a 28% recovery factor of the 250 MMB P50 OIP figure being cited for Wick, which is about right. This makes Wick 10.5 MMB net recoverable to BOIL. Make no mistake, Wick is a huge deal for BOIL and success would be on a par with JOG's success at Verbier. Then add in Colter, El Barco-3X and a possible SE Asia deal. Fabulous potential over the next few months.

Not to worry. It's too much to expect a 100% strike rate. 7 major discoveries in 9 wells already proves this is a fantastic location to go exploration drilling. ECO only needs one successful well and post farm out they will have funds for at least 4. Anyway, Sorubim was quite a bit further from Orinduik than the Pacora, Liza, Snoek or Payara discoveries. Main SP drivers are still CPR in 5-6 weeks and Total farmout and cash injection thereafter. Namibia third party drills to follow near ECO acreage in 2018-09 and 2018-10. Have a good weekend.

up at 3.23p.

And again I'm offered above bid for 750K shares. An excellent sign.

Not a single trade under 13.07p. LOL

take over 750K shares off me above the bid at 3.13p a few minutes ago. Clearly trying to fish for shares.

Agreed, however the figures in my calcs only use the COS from that note, which is from MATD anyway.

Adds in missing USDGBP and pence conversions terms to cals again. [rolls eyes] [Wild Horse] $1270M x 0.7 USDGBP / 150 MMB x 290 MMB x 0.167 COS / 522.4M shares x 100 = 54.8p risked pre result. [Snow Leopard] $1270M x 0.7 USDGBP / 150 MMB x 90 MMB x 0.2 COS / 522.4M shares x 100 = 20.4p risked pre result.