Member Info for Phoebus

looking at the last accounts and adjustments since then ACP appears to have a negative net current asset position, which would imply they need to raise funds. Any thoughts?

That's good news ItsYou. Hopefully more and more will be added.

Why is the SP languishing so far below the placing price? When are you actually going to spud after keeping us in suspense for so very long? Why is the SP languishing so badly right on the eve of the main catalysts we've all been waiting for? Why are there so many AT sells day after day regardless? Despite being value accretive on paper, SP performance since the Nigeria deal has been ghastly. What gives? You'd better give some damn good answers in the conference call to light a fire under the SP. You may not be concerned about your 3% stake given you have the inside track, but the rest of your private investor base is starting to get very irritated. Time to get on with it.

6 of the last 9 trades have been reported late. Gil should have a word with the MMs about increasing liquidity. An NMS of 5000 shares or �1500 is too low for this stock.

Although gas occurs above oil in a given formation if both are present and therefore would be more likely updip in a given reservoir, gas will only be present updip if it has been created in the hydrocarbon kitchen. Given the fact that Orinduik is updip of Exxon's discoveries and that no gas cap has been reported at any of these discoveries I think it safe to conclude that the deposition history of the source rock feeding Orinduik is such that it wasn't buried deeply enough or put under enough temperature to have produced gas.

And now another delayed buy of 22912 @ 31.50p from 10:33.

And another delayed buy of 22.5K @ 31p from 09:09. They love to pull the wool don't they.

@ 31p from 08:39.

Good use of sarcasm there Marvin. The size of trades on TSX is a joke. It's about time they delisted from TSX and concentrated all the liquidity on the LSE where the trades are generally larger and pricing increments more steady. At present there is a huge disparity between the quailty of ECO as an investment proposition, its market cap and the liquidty of its shares.

Excellent answer CP.

Maybe. Buying interest dried up in AEX though, so can't see it lasting here given it wasn't directly related to SOLO. SOLO still has $3.5M of the RiverFort drawdown facility outstanding, which should weight on the SP. If AEX get NT-3 funded via FO, how will SOLO fund their share? Will draw down facility be enough or will we see another placing. Last one was not to cover NT-3.

and ECO held 65c or 35.5p in Canada.

I couldn't agree more. Looking at the list of most commented oil stocks on this site over the last week I see UKOG 2,649 comments, FRR 1,725 and NUOG 1,038 all of which are major bargepoles at present. AST too has been one of the most commented on stocks for ages yet it's had sweet FA in the way of catalysts for over a year. Remarkable how some of the worst picks have the greatest following.

will be the last peice of the puzzle before rig contract and NT-3 spud IMO. Upside here is huge. > 30 MMBOE 2C net to SOLO already and look at the tiny market cap. This should mutibag here on drill.

Time to get in.

support at 14p on L2. I note oil price is soaring with Brent near $68.50 at 7 week high, within $3 of 40 month high.

Brent near $68.50 at 7 week high, within $3 of 40 month high.

http://www.terrierman.com/ratpoisonad.jpg

2 hours ago.

Looks like WTE has basically turn itself into an investment vehicle in ECO and is happy to shout about Orinduik from the roof tops. That's very telling IMO. WTE should do very well, but ECO still offers better exposure on a working interest to market cap basis. I note we are still 5% below TSX close price at the moment.