Member Info for Phoebus

Are they not capable of doing any research? SP at multi-month lows, funding sorted with equity tranche done at a premium to current SP, about to spud much anticipated low risk well to unlock NPV and yet some folks are desperately trying to scrape SRSP off their shoes. It's embarassing! Thanks for giving the rest of us the chance to top up at a 15% discount to the placing price though.

I second that on MATD EB. You should look at BOIL also. 3 fully funded drills in 2018 targeting 20 MMBOE net recoverable all with good COS. Market cap �5.5M with �3.7M in cash, so 20 MMBOE net for an EV of �1.8M. A few good opportunities at present.

I've looked at this again and consulted the CPR and I think I'm actually correct. For Bushiya the unrisked Pm recoverable MMB is 28 for one interval and 38 for the other which gives 66 MMB for the whole drill. If we mutiple 28 and 38 by the corresponding COS for each interval and then add those two numbers we should get 36 MMB. I think the right column should actually be labelled total RISKED mean recoverable resources. We can therefore work back to get the overall COS for each drill. 36 / (28 + 38) x 100 = 54.5%. We cannot work out the individual COS for each interval, but the CPR clearly indicates the COS of individual intervals as high (>75%), medium (25-75%) or low (<25%). Given the importance of these data points it may be worth clarifying this with the company.

The drill target figures in today's RNS appear to have been provided in an unusual manner. Reading carefully it would appear that the overall Pm recoverable figures and COS for each well is as follows: 1) Bushiya Pm MMBOE 66 MMB, 55% COS 2) Amidigh Pm MMBOE 58 MMB, 67% COS 3) Kunama Pm MMBOE 102 MMB, 34% COS Can anyone confirm? If this is indeed the case, the first two drills in particular offer an extremely high COS for exploration drills. This does indeed chime with the COS other posters had been implying based on Chinese exploration success in the adjacent licences.

Think I failed to see your <sarc> tags. ;)

There's a 76% chance that Rabat Deep will be a duster so any talk of 80p soon being a foregone conclusion is a bit reckless.

You were happy to tell everyone it was a P&D the other day. Are you hoping to add below 10p? ;) Another uptick there on the bid.

And a 160K buy now. Someone is loading up and plenty of support at 10p on L2.

I�ve noticed an interesting similarity between UPL and BOIL. Both of them have interests in Wick, UPL 40% and BOIL 15%, and both of them are eyeing potential assets in SE Asia with help from local expertise. I�m wondering whether BOIL is also looking at assets in Sarawak. BOIL has previously stated that the project in focus is a gas appraisal project somewhere in SE Asia and we know that Sarawak is full of un-appraised discoveries. The asset was chosen by their JV with Sundagas, a Singapore based company named after Sunda Land, a geographical region of SE Asia which includes Sarawak. BOIL has been expecting to announce this investment for some time and perhaps the delay has been due to the legislative changes in Sarawak, as appears to be the case with UPL. I'm also wondering if there are any other ties between UPL and BOIL. Both look very interesting. BOIL has a market cap of only �5.5M with almost �4M in the bank and no debt. They have 3 wells lined up for 2018, Wick, Colter and El Barco-3X in Peru targeting P50 20 MMBOE net recoverable to BOIL. Any news on the SE Asian deals, will merely add to what already look like extremely good stock picks.

I�ve noticed an interesting similarity between UPL and BOIL. Both of them have interests in Wick, UPL 40% and BOIL 15%, and both of them are eyeing potential assets in SE Asia with help from local expertise. I�m wondering whether BOIL is also looking at assets in Sarawak. BOIL has previously stated that the project in focus is a gas appraisal project somewhere in SE Asia and we know that Sarawak if full of un-appraised discoveries. The asset was chosen by their JV with Sundagas, a Singapore based company named after Sunda Land, a geographical region of SE Asia which includes Sarawak. BOIL has been expecting to announce this investment for some time and perhaps the delay has been due to the legislative changes in Sarawak, as appears to be the case with UPL. I�m also wondering if there are any other ties between UPL and BOIL. Both look very interesting. BOIL has a market cap of only �5.5M with almost �4M in the bank and no debt. They have 3 wells lined up for 2018, Wick, Colter and El Barco-3X in Peru targeting P50 20 MMBOE net recoverable to BOIL. Any news on the SE Asian deals, will merely add to what already look like extremely good stock picks.

Moreover, if they drill before farming out they should get a much better farmout deal post appraisal. Get the rig contract signed and set a spud date for Q3 please.

They don't need to wait. They have the money and will drill regardless IMO. Next news on Barryroe will be farmout or rig contract.

The price was static for over 4.5 hours into Friday close and likely due to those orders being filled. Was the price dropped to fill them? Did the sending of the orders to the market kick off the whole two day move. Who knows? Subsequent price action should give us a clue. What I can be sure of though is that many people will be looking for the right moment to take positions before Barryroe drilling newsflow kicks off. It's just possible that Thursday afternoon was the moment to do so. Let's see how things unfold. GLA

100K buy at 10.31p. Very odd indeed.

You mean WWTBOOTW? I would agree.

buy price. 10.35p to sell - 10.31p to buy. Seen it before occasionally elsewhere, but very odd nonetheless.

That's an even bigger buy than the 354,138 one at 8.7p yesterday that marked the start of the move. Looking good.

and no shares available at 10.40p. :D

Barclays will only sell me �1K of PVR and no LOGP at all until 4 minutes ago.

Ticks up to 1.40p. Still can't buy any. LOL