Member Info for Phoebus

Thanks.

KR1 already has a large market cap which could potentially grow exponentially taking it past many FTSE 250 members if altseasons kicks off, whilst its assets are so liquid and large in value that its rapidly changing NAV really ought to be reflected in the SP. It's high time KR1 listed on the LSE IMO and imagine it would track NAV very closely if it did. As it is, there appears to be an arbitrage opportunity for investors that want to take the risk, which should work significantly in our favour if altseason kicks off or an up-list occur. GLA

Agree totally Botski. However, if the BOD doesn't show the appropriate level of respect to shareholders, the SP and the equity markets they run the risk a hostile predator may just crash the party and put an end to their little crypto crusade. I imagine it would be a very easy liquidation given the assets are so liquid, so the £90M gap between assets and current market cap looks insane.

To be fair, this is crypto related, the sector is on fire and the chart does look primed for a strong move higher.

https://oilnow.gy/featured/exxon-moving-forward-with-drilling-operations-at-tripletail-2-fangtooth-1/

Could be as simple as once ARB turns up and looks like it has legs it just snowballs as money piles in expectation of the valuation gap closing.

Hi Layla. I agree. QBT is about crypto. That said, if the court case delivers a cash injection of a few million it could be deployed to the crypto side of the business, so I see it as an additional driver for the SP and it's only a week away. GLA

Drilling is only getting closer. Shell and Cairn in the driving seat on 7 of our licences. Wonder how that 3D seismic is doing? :D

Could be nice funds on the way.

I calculate NAV of trading crypto assets plus book value of other investments to be hovering around 229p this morning, 40% above mid price! Surely someone could just but the company, liquidate the assets in a few clicks and make a 40% gain.

BLU owns 27.7% of SatoshiPay. Is that correct? Seems a low market cap.

WMELF on OTC.

New slightly higher ATH on ETH this morning and same for Total2 which hit $1.515 trillion.

Codswallop. RIOT is listed on NASDAQ but isn't listed on the LSE and it's even lower in its range than ARB. We roared up massively in Q1 without help from NASDAQ and have trodden water so far thanks to it. ARB has severely outperformed other miners at a different times and should hopefully do so again. Look on any undervaluation as an opportunity.

JMarsh, Fangtooth is a Cretaceous age target on Exxon's Stabroek licence, but is of interest as it is close to our Orinduik block.

The Canje 12 well EPA document indicates drilling from Jan 22 to Mar 2025, so that's almost 4 wells per year. It looks to me like Canje will effectively be getting a dedicated rig that will move from one target to the next. In other words, very shortly ECO could be drilling constantly for over three years. We are in a great spot and have plenty to look forward to whilst we await the green light on Orinduik. :D

The Canje 12 well EPA document indicates drilling from Jan 22 to Mar 2025, so that's almost 4 wells per year. It looks to me like Canje will effectively be getting a dedicated rig that will move from one target to the next. In other words, very shortly ECO could be drilling constantly for over three years. We are in a great spot and have plenty to look forward to whilst we await the green light on Orinduik. :D

We're good for 140p tomorrow then. ;)

Result by year end.

In their last but one holdings RNS they stated they had 4,773,357 shares left to sell. They dropped below the threshold since then and a huge sell has just gone through for 2,173,357 shares. Notice that both numbers end in 73,357. That's far too much of a coincidence IMO and I'm sure it must have been them. Given it's also not a round number of shares I reckon they've sold all their residual holding and are completely out.

Clarendon bought in last November taking 6.44% informing the market at 16.25p, sold down to 5.99% at 8.25p and 3.31% at 8.75p. Very odd they should buy in ahead of a four well campaign, but sell after 12 further wells are announced and sell out completely with 24 wells in the offing. Does not look very rational especially given their buy high sell at rock bottom approach. They have also been dumping at DELT too, so perhaps they need to sell for some reason.

I see this as excellent news for WTE investors as they have likely been an overhang on the SP for some time. 20p with three wells pending as opposed to 8p with up to 24 pending. Hmm. GLA