Member Info for Phoebus

That's such a misleading headline. You don't value an eary stage resource company based on P&L especially if they don't have any production. More useful to see that as money spent on progressing projects and covering general expenses. Far better to focus on net current assets and future catalysts. ECO is looking rosy on that front. Perhaps a more useful headline would be 'Stockwatch wastes �3K in Q3 on salary of so called financial journalist.'

Well said. The flies are all busy swarming round stinking heaps as usual. NUOG with its negative net current asset position, stale Canadian project and glacial operational progress has managed to soar nearly 4000% in less than 18 months to half ECO's market cap. Wonders never cease.

Only, I was just about to post the very same comment. Result was much earlier than anticipated. If they got wind it was imminent they may have just taken a few off the table to play it safe before announcement. Guess they might buy back now.

Not while it's closed they're not Zebbo. ;)

that the hydrocabon migration pathway extends right to the edge of the Orinduik block, so this should reduce that risk factor and there is clearly hydrocarbon charge. If Pacora has good reservoir characterstics there's a good chance it will be reflected in our prospects if they are the same play type as they are so close. That just leaves reservoir seal as the remaining risk factor. I'm expecting a high overall COS.

And SP down with buy volume 3 times sell volume. Something does not add up here. Perhaps a move to shake out the weak ahead of this afternoon's further update from Exxon, which has already been called significant. I expect ECO will also release and RNS about it. Really surprised by SP move. The Pacora result was the main risk factor ahead of ECO's Orinduik drilling IMO and it looks to have been very successful. I'm puzzled by reaction.

by Minister of Natural Resources: https://youtu.be/oZJ3WwCa_-4

Looks like more data to follow later today. '...more details will be made available in a press release on Wednesday.'

That's fantastic news. A significant find right on the border of our licence. Well spotted.

Exactly. The TSX listing is a joke, yet the tail still managed to wag the LSE dog yesterday which is frustrating especially as there was steady buying here all day.

Just about to post that Tober. That's back to 39p in Canada reversing all of yesterday's hit job. LOL

Drilling in 2019 was always the expectation, so 2018 Q4 was always a bonus and not the reverse as you're insinuating. TLW and ECO have alluded several times that drilling may be pulled forwards to 2018 and their operational performance backs this up. Remember that the 3D was done way earlier and to a much greater extent than licence obligations required. It's not surprising given the huge sucesses Exxon has had immediately adjacent and down dip. I'm certain our Orinduik block is right at the top of TLW's exploration to do list. I note you also failed to point out the huge catalyst that is only 3 or so weeks away, the result of Pacora-1. Given that the well is right on the boundary of our block and lies directly between us and the huge discoveries, a discovery there, which looks very likely, will have big implications for ECO and our SP. Moreover, it's funny how three sells in a few minutes on TSX yesterday at around 15:30 GMT followed by almost zero volume in the remaining 5 hours of trading has set the tone for selling today on the LSE. Note the pathetic size of today's sells, all well under 10K shares except for four larger trades that are buys or appear to be delayed buys. Clearly the big money is staying put and so am I. Pacora-1 resut, CPR, Total farm in, Namibia drilling result from other , rig contract for Guyana, Guyana drill plus maybe Namibia farmouts and drilling.

Definitely worth taking a few with SP at discount to cash. Super safe entry with industry wide drilling campaign kicking off soon in Namibia to catalyse the SP.

BOIL going ahead with 15% entry to UPL's wick drill. Excellent news.

Excellent!

Only a single tiny trade in the last 5 hours on TSX. Makes that sudden dip earlier look even more laughable. Almost certainly a single entity dumping a few 100K into strength.

Not a single trade on TSX in almost an hour. My guess is a warrant holder dumping some TSX listed stock into LSE strength. Doesn't appear to be any follow through with selling.

day high shares were dumped in Canada. Dump over and LSE buyers come right back and not a single trade in Canada. Hilarious. Perhaps BOD should delist from TSX and just focus on London listing.

Now bounced back up to 37.25p on TSX.

Looks like BS. After nothing but buys all day on LSE we get selling for the sake of it on TSX. Crude still rising, CPR still pending, Total farm in still pending, Pacora-1 still pending, industry wide Namibia drilling still pending. ECO doesn't need to raise. No fundamental reason for pullback. Perhaps a big holder or warrant holder is taking a few off the table and MMs are happy to drop the price to reload.