Member Info for Phoebus

given the price hike this morning. WTE starting to break to the upside. Assuming 1,300 MMBOE for Sapote, WTE's shares is 16.4 MMBOE which equates to 58p per share in the success case using the $7/BOE previously mentioned by Hess for Stabroek. With Exxon planning 12 more wells on Canje starting 2022 Q1 there will be plenty of follow up action for WTE.

given the price hike this morning. WTE starting to break to the upside. Assuming 1,300 MMBOE for Sapote, WTE's shares is 16.4 MMBOE which equates to 58p per share in the success case using the $7/BOE previously mentioned by Hess for Stabroek. With Exxon planning 12 more wells on Canje starting 2022 Q1 there will be plenty of follow up action for WTE.

.

Garlic or OMI flavor sir? I've a meeting later so better make it the garlic. :D

https://www.sportfishingmag.com/resizer/xkFaae5Zy6DmUCgQ6ig0WeCOzGk=/1037x0/smart/arc-anglerfish-arc2-prod-bonnier.s3.amazonaws.com/public/4GYAGG4PIJ2XFWH6X2WDAUDOVI.jpg

Fishing trip now. Under 10p ... BTFD.

Gil's eyes are lighting up too.
https://twitter.com/gil_holzman/status/1435202964533170185

They might have scooped up a few quid today, but will they be in when it really matters? I doubt it.

The decision to enter the next year of the JV is a change of circumstance. I think investors are just a bit exasperated with the way the SP is repeatedly spiking and crashing as the magnitude of these erratic movements is not normal in my experience even for an AIM resource stock. My guess is it's linked to getting L out of the stock, but who knows. Even if it's not, the expectation that L is dumping is likely enough to cause the pullback as others try to step in front. Thankfully we only have a few days until they have to be out, so the influence of their selling or phantom selling should soon be gone.

I'm certainly here for more. An commercial resource of 243 MMBOE 2C net to FOG onshore with massive free exploration and appraisal carry is worth far more than a poxy £110M even if the short-termers aren't the least bit aware or interested.

EUA at £1B market cap? No thanks. Keep it to the EUA board.

SP goes up because fundamental value of company has been transformed. SP goes down because SP went up because fundamental value of company has been transformed. LOL.

I disagree. A merger would annihilate most of the drilling upside here. Let DELT drill the 2 wells they are funded for and then look again.

Cheers Mikey. I think you are correct. ARB between TSX and LSE.

With this and the joke move at OMI today I'm pretty irritated. Meanwhile EUA is up 5 times the combined market cap of OMI and FOG in five days on what to me was a very uninspiring RNS. Some of the market action on the LSE at the moment seems very out of balance.

Agreed. Market can screw off.

Agreed. Market can screw off.

Considering the magnitude of the rise in the last two sessions this isn't much of a dip and I'm really not surprised. Friday's RNS was epic. I will not be surprised to see this suddenly push on once the churn at these levels is done. No star to rock star. Well done FOG.

Quite agree Sotolo, although it takes a bit of time so not really possible on wispy spike. Anyhow, I'm certain the big money is sitting firm waiting for the re-rate. Once L is out I expect the SP to be less erratic, rising more steadily and holding its gains better. Might not be much time left to accumulate at the lows. GLALTH

Ordered my bunting ready.