Member Info for Shpunken

$500m is a joke for orinduik.. if Tlw do sell their stake I am expecting at least $2b for it, especially after totals latests farm in!

This is a day light robbery, keeping the da low while one person scoops up the shares... I guess we should be expecting another rns soon with 13% in it

It was always going to be a spike/muted reaction long term until we get a confirmation of a drill this year.. if that happens the sp will double in no time, until then this is our reality... Tlw better wake up and do something about this

It looks like they are pushing to drill in 2020 and 2021.. I am expecting them to have a go at the 750mb monster, Tlw wouldn’t wanna lose a chance to change their fortunes if the drill is successful and commercial.. jethro would be a big bonus.. the upcoming meeting will be extremely important to us, so I hope total and qataries can make it happen

Have a look at the report on their website, below just a small part of it..
The partners are evaluating the results after the drilling of the Tullow Jethro #1 and Joe #1 wells. These wells were drilled by the Stena Forth Drillship (Figure 3-7). The data collected is currently still being analyzed and the results of the analyses will play a large part in the final plan of action and budget for 2020 and 2021. The current proposal includes further evaluation of the Jethro reservoir by sidetracking the current well or drilling a new delineation well and the drilling of a new well that would test the Cretaceous on the block. These options will be reviewed by the partners in the first quarter of 2020 and will be subject to the approval of the operating committee. Future operations will need to be based in Georgetown, Guyana due to new Guyanian regulations which will result in the construction of marine facilities at an estimated cost to the partners of US$1.2 MM.

Extremely useful, have a look
The partners are evaluating the results after the drilling of the Tullow Jethro #1 and Joe #1 wells. These wells were drilled by the Stena Forth Drillship (Figure 3-7). The data collected is currently still being analyzed and the results of the analyses will play a large part in the final plan of action and budget for 2020 and 2021. The current proposal includes further evaluation of the Jethro reservoir by sidetracking the current well or drilling a new delineation well and the drilling of a new well that would test the Cretaceous on the block. These options will be reviewed by the partners in the first quarter of 2020 and will be subject to the approval of the operating committee. Future operations will need to be based in Georgetown, Guyana due to new Guyanian regulations which will result in the construction of marine facilities at an estimated cost to the partners of US$1.2 MM.

Amazing numbers especially cos! The JV Partners in the Orinduik Block, Tullow and Total, along with Eco Atlantic, have an Operations Committee meeting scheduled in early February 2020 to evaluate recent drilling results, define drilling targets, and consider the budgets and dates for future drilling.. they better put a gun to Tlw and make them drill after seeing the targets

Too early to speculate.. if he reaches 20% that’s when it will get interesting

88e is a traders share, no future... can’t compare to eco, we are in a new mega oil province where every major in the world wants to be

Painful to watch... management did a really bad job so far.. they better redeem themselves with the water issue so we can at least see us bk to 1p lvl ffs

Guyana blocks 200m?!! Are you high, total farmed in next door committing billions to a licence that didn’t have a single well drilled.. the discoveries, although heavy, at even $1pb are worth close to a billion..

Some chunky buys today, sp is holding well atm

Timelines and eco never really work together lol but yea hopefully everything will go smoothly and am hoping for only good positive surprises

I hope they don’t delay it until March to coincide with Tlw announcements.. I am expecting to see above 3b for Cr with 3 mega drill locations and cos upwards of 35-40%.. they had sooooo much info anything less than that I’ll find unacceptable at this lvl... Markets are all over the place atm and this isn’t helping

Saudi oil being bombed again, lets see if the oil reacts like last time

Baits I share ur sentiment.. but u have to remember that when/if they fix the water issue in the next couple of weeks, we should see us go bk to 1.10-1.15 lvl

Bk to 43-44 like I thought, with some nice big buys.. looks like yesterday was another day of aim crooks making money...

Can finally see a positive trend coming bk here.. what should’ve happened in January will now happen in February.. March could be a turning point for UKOG in 2020.. if all goes well, we could end the year above 3p

Total do need to drill this year to bulk up the reserves.. shareholders want to see more value added to the companies future.. Exxon will put 9b for Guyana in their upcoming report.. total would wanna do the same, and tlw are the only obstacle atm.. unless the cpr numbers turn out to be bad I honestly don’t see how we won’t drill at least one well this year...

2 sells and 2 buys on l2.. no rns today so no leaked news.. must’ve been a nicely engineered drop.. bk to 43p today?