Member Info for simonpf

Ijwt

This is what the market doesn't like

https://guyanatimesgy.com/tullow-finds-low-quality-unprofitable-oil-offshore-guyana/

This is what PI’s don’t like
There is a very clear difference between high sulphur heavy oil and light oil,
It doesn’t take three months to inform investors what was known on day one
when it “flowed to the surface”, spin it whatever way you want .

Clearly the market does not agree the discoveries are “highly profitable “ which
Is why the share price has been decimated, 75% lower than Intraday highs on joe.

More Uber positive but misleading info
Stick to fact not fantasy

A medium crude is in the 25-35 API range, and a heavy crude is in the 15-25 API range. Anything below 15 API would be considered an extra-heavy crude.

Commerciality of these discoveries is in question, that’s from the
OPERATOR in a RNS, don’t ignore this In favour of opinions from a PI on a BB
with their own agenda

I would say comments on here are misleading, talking up the commerciality,
which, as always, the market will require proven by production , until then
these discoveries will have NO VALUE, as per the SP.

This is now become a very high risk share

As usual any negative news is spun as being positive,

This is the least the the directors can do considering the games that have
been played here, to say that the “heavy oil’ was not known is frankly insulting
every investors intelligence.

Oil flowed easily to the surface, how would you not know, we’re samples taken
blindfolded, clearly this information has been kept from the market .

“Comforting meeting” hahahahahaha

Questionable commercial viability for Orinduik block

From Tullow
“We are examining our options at the moment and looking at commercial viability. This is a heavy crude and has high Sulphur and this will affect our ability to both develop and sell this oil,” he explained in an interview with this publication.
https://guyanatimesgy.com/tullow-finds-low-quality-unprofitable-oil-offshore-guyana/

Orinduik Block
Hess have stated that nearer onshore the heavier the oil, this block is
nearer onshore,
https://www.veracast.com/webcasts/baml/energy2019/id36104195314.cfm#/player/html5/speed/a8

From GIL, note the word “likely”
“We are sufficiently capitalized for our likely 2020 drilling programme”
https://www.lse.co.uk/rns/ECO/update-on-initial-analysis-of-jethro-and-joe-wells-8xz13syhcl95br3.html

Carapa
All eyes in the 15% COS wildcat drill.
The game has changed, If oil is found, its then a waiting game for API results.

Like...
Rotten eggs !
Match heads !
Sewer gas !

You couldn’t make it up..... but they did

Long way from the £2+ on Joe result but don’t worry these will be £17/share,
apparently.

Anyone feel like a mug

This has gone pretty much textbook, the euphoria post jethro, classic aim spike on joe, 60% retrace from intraday highs, bounced twice from here, first 160s second 150s current bounce to 140? then back down to test 125.
Carapa is a wildcat drill @ 15% COS so 85% chance of failure which WILL effect the share price.
Rise and little spike on CPR, will be sold into then drift down pending 2020 drill campaign,
Tullow looking for operator, Eco looking at sale, buyer looking for cheap as possible, big money, dirty tricks.
Not factored curb balls, wider market decline or political games in Guyana.
The big money has been made here already. The FACT is 72% loose on aim, if you still have your shirt on your in the lucky 28% here

Schiemiel, I agree regarding Corbyn/Venezuela, I in the same way I do regarding Saudi/Borris, wonder if Maduro will get to meet the queen if Corbyn gets in.

Looking at this to settle at 60% retrace to 120-130
With news back to these levels 150’s
Where it will be sold into pending takeover/2020 drilling
“Weak hands” will trade the 60% retrace

Speaks volumes, just over a thousand shares traded
Why so low. .?

Shockingly LOW considering....

You have to look at the number of posts corresponding with the SP.
More posts, currently 139

Here we go

At last, a result for the lowliest in the food chain the “private investor”, well done all holders ....so glad I doubled my stake last week

Win or lose - whats it going to be - alot of money to be lost / gained . A gamble ! Blind bet for some - not me, money in the bank D Y O R