Member Info for Phoebus

Excatly. CEO was supposed to have gone to Peru about a week ago and according to the 14 March presentation drilling of Peru El Barco-3X is due this summer. Very likely we hear farm out news and rig contract very soon. That will make a total of 3 fully funded wells over Q2 and Q3 targeting 14-16 MMBOE recoverable net to BOIL with nearly �4M net cash in the bank. That's about the same net P50 recoverable as ECHO's 4 well campaign and ECHO is �49M market cap!

paid on NEX exchange. http://www.nexexchange.com/member?securityid=18154

Looks like the next move is starting. One broker move to 0.65p. Hopefully we can break 0.60p this time. This stock is still way too cheap at this market cap.

COS and P50 figures are in the CPR. See page 368 of the pdf (367 printed on page). The explanation of the COS terms high, medium and low is on the following page, low > 75%, medium 25-75%, high < 25% http://www.savannah-petroleum.com/downloads/247909-admission-document.pdf All three wells have 2 intervals each with separate P50 recoverable and COS figures as follows: 1) Bushiya - 31 MMB < 25% COS, 24 MMB > 75% COS 2) Amdigh - 21 MMB < 25% COS, 29 MMB > 75% COS 3) Kunama - 70 MMB < 25% COS, 22 MMB > 75% COS Total recoverable P50 recoverable resources is 75 MMB at > 75% COS plus an additional 122 MMB at < 25% COS, giving a total for the three wells of 197 MMB..

OK, you weren't referring to ECO. Interesting you have TSX-V listed shares. I purchased some a few years ago, but found the market hours inconvenient.

SM, what are you referring to by 'shares on hold in Kenya'? I see no Kenya reference anywhere. Moreover, I see the article as extremely positive for ECO as it suggest this ia a fantastic deal for ECO. If that's so, the terms of the contract will make the block even more valuable to ECO in the success case and therefore the shares will be worth even more money. What's done is done. If the government of Guyana wishes to increase its share of the oil bonanza I suggest they take an equity stake in ECO. So what if it costs them $5-10M when they could've had it for free? We've all missed out on investment opportunities because we weren't savvy enough or hadn't done our research and ended up having to pay more to get in once we'd realised our mistake. Thankfully for them the drill is still a while away from turning and the SP is still close to the level at which Africa Oil came on board. If your reading this Mr. Trotman and you wish to increase your country's exposure to the potential oil riches offshore, I suggest you get on the phone to your broker and get them to start buying all ECO shares available below a ceiling price until you reach a certain percentage holding. If things go as well as you and many others envisage, it will look like a fantastic investment for the people of Guyana. You will have plenty of money to monitor the sector and you will have dug yourself out of a hole.

I will add that in my experience the vast majority of these stocks can be traded in quantities far in excess of their NMS most of the time, yet for ECO it often if not usually the case that you can't even trade in NMS size. The MMs need a damn good shake up. Get on the blower Gil. ...OEX 1/6250

Same here. Max quote with Barclays is for 100 shares. What a joke! I checked the ratio of an NMS trade value to market cap for all 63 oil and gas companies listed on the LSE with market caps up to that of ECO. Only 2 stocks have an NMS trade value (NMS x SP) that is a lower percentage of their market cap than ECO and they are RRL and RBD. Despite having a market cap of �49M the NMS trade size for ECO is only about �1500. Other oil companies with much smaller market caps have much higher NMS trade sizes. For example, UPL �10M cap and �2300 NMS, PXOG 5.5M cap and �2300 NMS, NTOG 5M cap and �1900 NMS, RMP 4M cap and �3900 NMS! There are loads more examples. To put it another way, ECO NMS trade size is only 1/32000 of its market cap. For CLON 1/3000, BOIL 1/4500, PET 1/5000, OEX 1/62500, TRP 1/7500. I could go on and on. ECO NMS trade size is way smaller than less liquid companies with much tinier market caps and no blockbuster assets. Come on Gil, time to get some more market makers and up the NMS significantly. Should be around 25000 shares. The current liquidity situation for the stock is totally inappropriate.

WTF!?*$?!

And ECO closed at 32p in Canada.

spuds tomorrow to the north of Orinduik. http://oilnow.gy/news/exxonmobil-begin-new-hunt-oil-sorubim-1-well-guyana/

Ticks up and still max buy is only 100 shares! LOL

Very strong support at 30p on L2. Can sell gigantic quanity in one chunk, but cannot buy more than �30 worth.

http://news.exxonmobil.com/press-release/exxonmobil-release-2017-financial-and-operating-review

They said by the end of this month in the March 12 RNS, so we should hear about spud either today or Tuesday morning. I seem to remember one of the old presentations had a breakdown of target interval by well depths and the shallowest target was only around 5 days into the drill, so we may hear first results in about a week. Market asleep at the wheel.

I've been able to buy 50 grands worth at 11p in one go for the last hour on Quote and Deal no probs regardless of all these big trades.

Hmm ... I'm not so sure. I can buy �50K all in one go on quote and deal. I feel like we're being hoodwinked.

RBD is an interesting one. Bought in there originally, but decided to sell after the upside was triple diluted out of existence. 1) RBD vivisects its own share capital by massively diluting. 2) The company they invested in raised funds diluting RBD's exposure. 3) The company they invested in farmed out their interests in Wick and Colter diluting RBD's exposure again. You don't know what you're getting with RBD going forward.

and LOGP is out of money.

Wait a bit. Think I need to reread.