Member Info for Phoebus

ECO's net current assets position is huge at around �22M or 19p per share assuming the Total farm out goes ahead, which looks a dead cert to me. This gives an enterprise valuation of only �8.4M for all the exploration assets. Even if we ignore all the Namibian assets and assume no increase in P50 figures from the 3D results then at a 15% working interest, ECO is being valued at around 6p/BOE (!) on an EV basis for two fully funded drills targeting 135 MMBOE net recoverable directly next to and on trend with some of the best disoveries of the last decade. No wonder Total wants to farm in and no wonder Africa Oil were willing to pay a huge premium to get in yesterday. The upside here will be immense once the market finally wakes up.

Quite right. ECO rallies into the Canadian close to finish at a new 4 year high of 44c or 26.4p.

Well the SP is still 4p UNDER the placement price. Quite remarkable. Expect this will stabilise and continue to rally over the coming days.

in Canada just.

Sorry. Wrong board. Not EDR comment.

of the first week of July.

I can't see one. Delays and produciton forecast reductions as per last RNS. Operations barely profitable before that at half year when net current asset position was already minus �60K. Not looking good really.

NO WAY! It seems my earlier post worked. After months of waiting, Barclays has finally removed the 4 decimal places from the number of shares held in positions in Smar.tttt Investo.rrrr accounts. Stunned they've finally spent two minutes fixing the problem. About time.

on Cameco production cut news. Uranium stocks all up big. Hard to buy any GCL. Had to resort to limit order and it took ages to fill. Wall to wall buys. Price stays still. One tiny sell and it drop. MMs, you can take a running jump. *********!

still having any problems with Barclay.ssss Smar.tttt Investo.rrrr?

Technicals look good for a rise and Brent back well above $60/barrel. No reason why this can't have a rally espeically if oil price continues to rise. BOR is already looking very cheap given it has discovered 360 MMB recoverable and has net current assets of �6M. At current market cap of �10.2M that is only 1.2p per barrel on an EV basis.

Ticks back up on a puny �250 buy after nothing but �8K of selling. What a joke this has become!

of 0.40 CAD or 23.4p.

I agree with your comments. The spin is positive on ShPr, but I'm sure many of us could have written a more accurate and appropriately bullish piece. At least it's a bit more exposure as we fly about 30K ft under the radar.

S.h.a.r.e P.r.o.p.h.e.t.s today.

CAD 0.40 on Feb 3, and we've had nearly 10 months of steady consolidation building up to this move. Currently at 23p equivalent in Canada.

Good spot. Touched CAD 0.40 a few moments ago, which is the breakout point and the highest since 2013.

breakout at 24p after significant consolidation. Timing is perfect with CPR release approaching. Should have massive implications for Total farm in. Very exciting.

It's certainly exciting and I'm happy to build a position at these levels. The upside from here should be tremendous once Total give the nod.

According to the 2017-09-26 RNS, 3D processing will be completed much sooner than that. 'The survey acquisition was completed on September 5th 2017 ... and processing is expected to take 2-3 months.' This means processing is scheduled to be complete within 2 to 6 weeks from now. https://investegate.co.uk/eco--atlantic--o--38-g--eco-/rns/total-signs-option-agreement-on-the-orinduik-block/201709260700067711R/ Namibia looks promising, but I agree that Guyana is now the primary asset. The company is far off the radar at the moment, but looks to be in a tantalising position and should be one of the best performing shares of the next 6-12 months IMO. We are lucky to be aware of it at this juncture.