Member Info for redwineday

Another marker for Block 1. Canacord the Orange Basin broker and a VP who was involved and knows Venus and Shell not to mention a NED who knows Total, the 2 most likely Block 1 farm in candidates. Both really positive developments. Significant RNS.

Another large one printed at above the last trades. Significant stake building definitely going on.

If he were smart he'd be buying in at 34p. 34 prices in the Orinduick extension. 34p does not price in 3b/4b and what for me is now the next shoe to drop a farm in at block 1, never mind any discoveries at either of the 3.

Could be what happens over the next couple of weeks will be the most important in Eco's history.

The Orinduick licence expires on January 13. Will it be extended? IMO an extension would only be granted if there is a drill commitment from a capable operator with the balance sheet strength to follow through. We have that in Navitas. They met with the responsible minister in Guyana. This was to tell him something and ask for something. So IMO we are either going to see and RNS saying the licence has expired or an RNS saying the licence has been extended with a commitment to a farm in by Navitas. I see these 2 events as back to back.

Given the run up in the SP and volume and in particular the UT on Friday at 10% higher than the market price with that (very unusual) level of volume suggests to me whoever invested that money expects the latter to happen. Institutional buyers are not wagering on binary outcomes. They either invest because they know something or they believe the probability of this happening is strong and the risk is low.

Good luck to all LTH.

Https://archive.md/P01Vn#selection-2545.0-2549.95

Analysts say increasing Venezuelan production will not be cheap. Energy Aspects estimated that adding another half a million barrels a day of production would cost $10 billion and take about two years.

Major increases might require “tens of billions of dollars over multiple years,” the firm said.

Even if they start tomorrow it's 5-10 years to repair the clapped out oil infrastructure in Venezuela and despite Donnie's bloviating I don't think they are starting tomorrow. By the time the resultant mess (cf Iraq) is stabilised any impact on Guyana is years away.

This feels to like an institution(s) loading up. On an AIM micro cap stock thats only happening if they have a very good reason.

I do wonder if ECO is in play. If Navitas were interested they won't want the price to run away from them so might be forced to move sooner than later.

All speculation of course but the speed of the rise could flush out a buyer.

*insti's (institutions)

Wise words PC.

He needs to grow the revenue and start hitting his targets. Everything else is secondary. Why would instil invest in a comonat that shows only shrink revenue.

All very agreeable to until your last para. Average founders buy in/consideration is at c.£2.40. No way is this going for anything like 30p. Sorrell is on record as saying he thinks 10x is a fair valuation plus whatever premium would be required. My pure guess £1.50 minimum but SMS ego means it could be well north of that. So LTH here need to get their head around that revenue and earnings have to grow organically to a level that supports that kind of valuation.

Story with S4 hasn't changed for more than 2 years now. Merde forecasting and no organic growth. Until that changes we are stuck. OTH if/when it does change the movement could be quick. Sorrell if anything is a deal maker so as soon as the equity and growth story stack up he'll be out looking for partners that can bring in more business.

I am wondering what "transparency" means in this sentence.

"On 3B/4B, where we are fully carried by TotalEnergies and QatarEnergy, regulatory processes for environmental and permitting continue to progress transparently and the joint venture partnership advanced drilling preparations to be ready as soon as the

permit process is complete".

His constant yapping is tedious, even more annoyingly tedious if you are a shareholder.

Surinam blocks went up for auction on Nov 24.

FWD P/E's

PUB - 11

SAA - 9

WPP - 5

SFOR - 3.6

I see the WPP CEO bigging up their new client wins in the FT this morning.

One would have thought with his contact list SMS would have been more able to attract new business than he has been. Whopper strategy seems to have gone quiet.

Would be really ironic that after all his carping about WPP that they recover and S4 doesn’t.

I doubt the extension will be given unless Eco can provide a clear path to a well. Navitas are not explorers so I doubt their involvement in the creatious.

However I stay invested here as the upside on Joe and Jethro is what matters over the next year. An appraisal we’ll not to mention 3b/4b should have Eco at north of £1.

Not tertiary, creatious...

Eco doesn't need an extension to progress Joe and Jethro. The licence terms are clear that a discovery is protected in the case of a lapse, therefore Joe and Jethro good, tertiary would fall away on a lapse. Hammerhead I think would be open to argument but worth something.

I think what's more important than the extension at least in the short term (next 3 months) is Navitas exercising their option to farm in. This would come with, or at least a strong inference, of a commitment to drill an appraisal well. The extension would provide optionality but a farm in puts cash on the table.

Ratboy, know the feeling. Hang in there mate, many price moving announcements to come over the next 6 months. 25p is going to look like a bargain if only half of them come good.

Another EVP! Lets hope the have a one in one out policy.