Member Info for Phoebus

I never knew that about HE1. 10-14% COS is shockingly low. Cannot believe it reached £175M with odds like that. And here we are with ADV sat at only £35M, not a lot more than the cash they raised a few months back. Amazing.

Yet more paper value. Yawn.
https://res.klook.com/images/fl_lossy.progressive,q_65/c_fill,w_3648,h_2736,f_auto/w_80,x_15,y_15,g_south_west,l_klook_water/activities/okwpnbgrqfqglyxdd160/GoaHotAirBalloonFlight.jpg

Sorry BP, but this is not an exploration well. This is an appraisal well on a producing field. Big difference.

Sorry BP, but this is not an exploration well. This is an appraisal well on a producing field. Big difference.

Excellent work Observer. Many thanks.

https://www.youtube.com/watch?v=i5TxVBDnp9o
https://miro.medium.com/max/4000/1*Gwqg5HoQceXJioYT0BLO9A.jpeg

You'll need to check this, but I think the Sonora project is made up of several different contiguous licences and KDNC only has an interest in some of them, with the lion's share of the mineral resource being on other licences, so KDNC's effective interest is a lot lower than 30%. Wish I could be more specific, but it was a few months ago that I checked this and it was so complex I gave up trying to calculate the actual exposure. As I say, please verify.

With drilling only a few weeks away I suspect the Buffalo rig contract is imminent though I see where you're going JEEZAC. Next asset could come any time. This is one exciting share with some great looking fundamentals. All the best everyone.

I see HE1's market cap has added £26M off the crash low this morning. That's 75% of ADV's market cap. LOL

I see HE1's market cap has added £26M off the crash low this morning. That's 75% of ADV's market cap. LOL

HE1 bounced from £31M to £57M. ECO only £51M.

HE1 bounced from £31M to £57M. ECO only £51M.

Assuming Sapote is 1,300 MMBOE gross, ECO's stake post JHI option exercise is 22.75 MMBOE, which is about the average of the Joe and Jethro drills that saw its market cap soar to nearly £200M pre-drill in 2019. Meanwhile, over at WTE which has even more gearing to Sapote, there hasn't even been a single trade today despite them actually issuing an RNS. Bonkers. I guess everyone is still swarming round likes of HE1 which has almost bounced to ECO's market cap despite their double duster.

At some point with all these drills in Guyana these companies will hit the jackpot a la Stabroek and there will be a stark gulf between the SP and fair value. Could happen on any drill at any time. Best of luck everyone.

Well sapoted..

Wo mei xiangdao. Mingnian tongshi Rodney, mingnian tongshi.

Oh, I see. They released it as a Ganfeng 'RNS' so it lacked the BCN identifier. Slipped under the radar. Tut tut.

As far as I can tell that RNS didn't appear until well after 15:02 on more than one website. Anyone else have the same problem?

and with lots of buying yesterday too. Shameful.

and with lots of buying yesterday too. Shameful.

0.148% and 0.089% Li.