Member Info for sankeys

Seems some time ago since Monday but I was looking back at the snippets of news we had during the drill. There was the additional month for J1 and the increase in the size of area - we now know why! Then there was the Bloomberg terminal report on Eco taking advisors for a possible sale. Personally I think Eco will only be involved in the 2 drills.
The other non news to some extent was HH, it’s strange that they have appraised it but given as little detail as possible. We also know they were doing further seismic in our area after the recent drills.
I just think the field has to much potential for a bid not to come in.

A good day given the blood bath in the wider markets.

Are the 50m warrants being hedged at all? Could the sells actually be hedged shorts?

I’ve been buying last 2 days. Eco has give me near100% with more to come. This play rather different however I like the COS and what really swung it for me is the well is named after the ship in Blake’s 7 : )

Done well on Eco, I haven’t sold that as I think there’s more to come, but now that’s derisked I feel better having another drill play in the PF.
I will never rate or trust AC but this drill looks good.

Given Jethro was not included in the last one!!!

Still 122, could hit 180/200 today. Anything lower is not value with this find. Eco already have brought in advisors for sale, which will probably happen after Joe, 500p ?

Remember at 9.00

So if we are cautious and say Jethro is worth 40m barrels at $5 that’s $200m value alone!!!!!
Add more in now HH and the derisked prospects.....
Wow.
Usually I would sell today and bank the profits, but roll on Joe I say.

Well done all! For me I’d like to mention the poster Diversified for his conviction and research, has helped during the drill.
An important note, of course everyone must do what they need to do today, but as far as I am concerned this makes Ecos value to at least £2, beware any games during today as larger entities want in.

Which is good, why should people on the sidelines benefit compared to those who bought pre drill. News probably next week with cautious optimism.

I suppose it’s how you look at it, of course the iis knew about the upcoming consolidation and hedging took place, so effectively the dilution happened prior to the restructure, 40p to 2p. The additional market cap has been added by debt to equity. Like anything it’s at what point in time you compare the SP.

Relentless selling by someone, we need a hit or we are going to be dry bummed on a duster.

Only looking at lifting costs is being blinkered. Gkp, like most, needs Brent above $70 for any decent return on the SP. Opex is low but is balanced by the $21 discount and the 30/40% infrastructure tax. Looking at the discount a lot of this is fixed, therefore a $ increase in Brent drops down to the bottom line far greater than most companies.
Given the share buy back the SP beta to oil is not shown.
There’s nothing being held back, look at the wider market and open your eyes.

Who’s the new bozo?

Hindsight trade of the week, are you related to Downbuttplugandcomingout?

The market is saying Jethro 1 non commercial but we think we can sidetrack to where it is.
I’m ready for either scenario

The weekend ramp was a damp squib. I thought the entire population of Aces bar would be throwing the kitchen sink at it this morning.

And the end of next week coincides with when we were told they would give us results. Not exactly Nostradamus reborn.

Borgo lives......