Member Info for Proselenes

Seemed to be a few sold out on Thursday expecting the price to fall back - who have been, so far, caught with their pants down.

Expect the deramping to ramp up this week if the price does not fall back, if it comes to pass they struggle to buy back in cheaper I am sure their anger levels will rise as will an increase in nonsense posts and new poster names appearing......

PMO will be issuing an update later this week, so a good chance of an 88E update before that. Enjoy the week and good luck to all 88E longs :)

As I posted some days ago - the moment that some people sell, or some people sell some hoping to deramp the share price lower to buy back in cheaper - then posters will disappear / poster will turn from bull to negative bear / new posters deramping appear.

And its happening after it seems quite a few people sold on Friday hoping for a big pull back, which did not happen and has left them currently looking to have to pay more to get back in again.

LOLOLOL :)

December figures now out.

https://www.perupetro.com.pe/wps/wcm/connect/corporativo/a8cf65fe-4e63-4e71-8166-35f4b5aabbca/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&Liquidos%20diciembre%202019

267,216 barrels.

So average 8,620 per day for the month.

31st December 11,977 barrels.....highest daily rate record.

http://www.adamsplc.co.uk/assets/resources/announcements/2020/Investment-030120.pdf

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Adams Increases Stake In Circassia Pharmaceuticals

Fri, 3rd Jan 2020 09:50
Alliance News

(Alliance News) - Adams PLC on Friday said it has raised its holding in Circassia Pharmaceuticals Ltd.

Adams, which invests in AIM-listed companies, bought 2.4 million shares on Thursday at an average price of 19.0 pence per share for a total investment of GBP456,229. It brings its holdings in Circassia to 3.1 million shares, an 0.8% stake.

Circassia shares were up 1.4% at 19.70p on Friday morning in London.

The follow-on investment comes after Circassia early in December forecast revenue for 2019 to be between GBP60 million to GBP65 million compared to the GBP48.3 million in 2018.

Following the purchase investment, Adams has a cash balance of around GBP1 million, it said.

Shares in Adams were trading flat at 5.00p each on Friday morning in London.

You can sell in size at 1.43p or if you want to buy in size its 1.449p

So its moving up again soon if the buys keep coming.

I would expect the share price around 2.5p pre spud.......certainly in the range of 2p to 3p.

No...Jethro and Joe were over 40% CoS.

See Page 25 of the old CPR
https://www.ecooilandgas.com/wp-content/uploads/2019/03/AIM2019CP-ECO-Orinduik-reporMar2019Final-.pdf

Come on......you should know more about the stock you are promoting...........

Always research and have knowledge.

Based on reserves, cash generation and prospects........market cap will be near 400m before 2020 ends. just wait and see.

This company is generating loads of cash from production - and they have some good explo upside as well. but for now, its all about generating cash..............more and more production and more and more cash, in the bank.

In reply..........

Carapa result is not totally bad, as they did find a puddle of oil. Had there been no oil then yes, ECO 20p. As we stand now stale bulls are supporting the price buying more ECO stock, when they run out of steam, when there is more delays to the CPR, when TLW dont commit to any work in 2020 in Guyana......the slow drip downwards will happen.

Repsol, they dropped - they found a puddle of oil, makes sense and linked.

Apache, found bugger all good so far, some puddles only ?

Ask yourself.............

Why is the API and Sulphur (rumoured to be around 10API and 5% Sulphur) still being hidden at Jethro/Joe ?
Why is the CPR so late..........and likely delayed even more now with Carapa news ?
Why did TLW only commit to "decide" on further Guyana work in due course.......and its most likely no more wells, they are Operator, they decide what happens.
Why is the thickest and best Cret lead, Carapa, just with less than 4m of pay ?
Why is the ECO amd TLW share price down on todays news you state is so good ?

Let me help you out, if you want a good oil stock, solid production, growing production, with Explo upside, generating tonnes of cash.......look at PTAL (Petrotal). Thats a pretty safe one to double or more in 2020. 30p is a bargain buy in price. Currently an overhang as those in from 15p sell out with 100% gains, but when that clears, it should motor upwards.

Compare their performance PTAL and ECO over the coming months........... ;)

You seem to not appreciate that seismic modelling can have errors at depth. Remember Joe was much thinner than expected, and it appears as depth progresses the seismic modelling error amplifies. Carapa the best and the thickest of all the Cret targets and turns out to be less than 4m of pay.

Your doing your best to polish this, but I think thats it for TLW and Guyana, TLW as operator will not sanction any wells in 2020 and will save their money.

They might try to farm it out.........if they can get a free carry on a well or something.....but if TLW remain operator and remain with the biggest cost input, they will hold off drilling. Cannot see anything happening at Orinduik for some time now, if anything at all. TLW have far more important things to do in Africa than go wasting money wildcatting in Guyana. TLW have a massive debt and need to up production and cash generation..........thats where their money will go, into raising production - not wildcatting in Guyana in 2020, imo.

Firstly, I think the implications of Carapa on the CPR will be very bad, and so, it will be delayed some more.............

I dont think TLW will want to drill any more wells in Guyana - so might go through a long pause now while TLW try to offload the license area to someone else.

Until then, the share price will just drift down lower as people get bored and want their cash out to invest in other more active shares..........

Carapa was supposed to be the thickest and best lower target.

If their seismic is way out and their thickest target ends up with LESS THAN 4m of net pay and is a total failure - you can see why TLW did not commit to anything more and will "decide" in future about Guyana (AKA we are not wasting anymore money there with wildcat explo wells)

Takes the words - poor reservoir development and the final words which say decide any future work program and dont commit to drilling program just say decide on future work.

TLW I think will not drill in 2020 in Guyana, they could have committed today but have instead fudged it and not committed anything.

More important things for TLW to do that wildcat drilling in Guyana.

And notice how quick the API and Sulphur content is released......... not so quick to release 10 API and 5% Sulphur news from other wells ???

Awful result.............

Awfully poor reservoir, a real carapa result. As was said, Exoon have the perfect location and west of that towards shoreline is going to be useless.

Some of the trolls will already have embedded themselves into threads.......pretending to be long. They will of course then berate the company and say its all useless and they have sold when anyone of those first 4 targets fails..........their goal......get as many people to sell as possible before going into targets 5 to 7........so they can buy in at a low price on a drop and then sell on Torok success............

Make no mistake - this goes on all the time. Certain people are already plotting how they are going to manipulate any failure in the upper zones to get a low buy in price for the Torok targets 5 to 7..............

Its inferred from the very low CCOS. If a well has a 10% CCOS (Commercial Chance of Success) then its likely to fail. Do you not agree ?

if you go into this well thinking all the targets will hit - your a mug. And you will play into the hands of the trolls who will Grandstand any target being a failure on Twitter and on the BB's. The trolls are there to try to get people to sell, to swing the price down and up.

So...if us 88E holders go into this well expecting targets 1 to 4 to fail but with good hopes for the Primary Targets 5 to 7.....whatever happens in 1 to 4 is not going to sway us.

I believe in the Torok formation Stellar targets. I am currently holding 21 million shares at an average now of 0.8p.

If you expect 1 to 4 to fail..........as they are all low CCoS............then if they did come in good its upside, if they fail you expected it anyway.

Dont know, all depends when spud of the well is. Could be looking at first news in Feb, or it might be March for all the drilling news and then April for flow test results.

As per the 2 pics in the links below.

Targets 1 to 4 are expected to fail. They are only upside if they come in good.

Targets 5 to 7 are the Primary Targets - this is what everyone is holding for.

Target 8 is the surprise party......if it comes good then the HRZ is worth a lot.

Just remember...........dont plan any value for targets 1 to 4 as all likely to fail, let them just be pleasant upside if they come in good. (Actually target 1 is quote interesting - but hey - say to yourself its going to fail then its only upside)

https://i.ibb.co/LdBDMk2/88-E-Note-Copy.jpg

https://i.ibb.co/M6RJJbR/88-E-Pic-Copy.png

And a Happy New Year to all.