Member Info for sankeys

It matters little what happens operationally whilst the SP is being driven downwards, AK is an ex money man so will know what’s going on, his comment on PI selling was a blatant excuse. What happened to the new Nomads bringing in investment? It’s an absolute disaster at present.

There was a number of large buys, however if you look at the machine gun trades and the moving bid/ask it’s impossible to say what was a buy or sell.
2m shorts closed last month, 8m to go if they are going to be closed also.

Looking at Tullow I don’t think the main markets are any better, the bots are destroying the whole market.

Getting battered down again, hopefully it’s more short positions closing rather than a big seller - we need newsflow soon.

Many would have held both tlw and pmo on margin, as some say naturally people will look at pmo as the next fail, however TD made the hard decisions a few years back whilst Tlw left debt way to high.
Pmo is a good entry from here at current Brent.

Given the update you get the feeling that the drill isn’t going to be transformational ....

Late print, nice finish.

Loves PREM

I took some more under 21, you would like to think anything sub 20 will now be bought into,

Not a roll over as one was cancelled.

Sold out when it couldn’t beat 28p after the RNS, thought I’d get back in Q1 but sub 20p was to tempting, only got half of what I had but I’ll wait for anymore and not chase the drop. Not sure if this is company or market specific, many Aim oils really performing poorly, maybe PIs have had enough after drops in Eco, I3e, RBD, UJO etc, PTAL is doing well and my main one at moment, but even that is way undervalued to current fundamentals. Share buy back has to be the way forward for these companies if the value gap continues.

I sold all earlier, at a loss but not to bad. I really can’t believe they’ve messed up again, how on Earth? Read the TF post, it’s spot on, even if the net pay is good, yet again the whole data set is corrupt. Serenity could be really good but Liberator looks really bad. Good luck to those that stay in.

Head will always win more in the mid/long term. It’s not about how much you win, it’s about how little you lose. You are now in a position to benefit on any result. Although personally on this drill I can’t really see how it can not be at least on target.

Well MATD isn’t really worth discussing and I3e I am invested in, which has a Serenity discovery with no API or sulphur content given, so I guess you will be selling on Monday? Also 12.5% royalty tax compared to Eco at 1%, so it can’t be commercial can it?
The real play here and value is the potential light oil plays, which given the results in the basin make Eco a very attractive investment. You can bang your drum all you want, anyone falling for it shouldn’t be in this game.

As you well know Tullow as operator decides what information is communicated and not Gil. I still think the Jethro/ Joe question at this time is slightly irrelevant. If lighter oil is discovered next year that will be the first oil produced, and if 2 billion odd is there then the heavier oil is on the back burner anyway. Would they develop Jethro as a stand alone is questionable, would it be developed in a greater block then most probably.
It’s all about Capra at present, watch out for snakeskin oil salesmen trying to get in for results at the best price they can. Pro has been at it since the falklands days and very ironically sets up his own bbs on ADVFN so no one can say anything negative about his dog investments.

Canadian heavy oil has a sulphur content of 4-7%, how many barrels of oil do they produce? Gkp oil production has an API of 11 at the bottom of the Jurassic, currently producing 40k bopd with plan for 110k bopd. Shaiken crude is blended with lighter oils, is there any light oil around Jethro? Only a few billion. In fact given US refinery set up and the saturation of US light oil shale production in recent years, Exxon may well want some heavy blended to their light oil discoveries to meet the demand of these refineries. With the new 2020 laws even oil with a sulphur content of 0.4, which would give a bunker fuel content of 0.8/1.3% will need to be treated to hit the 0.5 cap, this can be done at or pre refinery but virtually all companies are going to have to deal with this - technology will move quickly. Joe stand alone is not commercial and would not be developed, Jethro is and given the volumes will be commercial, more so if there are additional light oil discoveries that it can be blended with.

It’s a close period, not closed and concerns buying before final or interim results. There will be news soon related to Capra, but as our BOD are not involved their buys are fine. That doesn’t mean they don’t know anything.

Didn’t wait till after Capra, would that drill be near the target zone yet?

2020 will be a very busy year for I3e, with the caveat of Senior lending - which given the planning you would like to think is more or less organised subject to the results of this drill.

************** when you need some happy clapping?