Member Info for WilkCoutts

Its helpful being updip!

https://www.scribd.com/document/263211488/Tectonostratigraphic-Evolution-of-the-Guyana-Basin

That last 50k reported trade is very interesting indeed. It was a non protected portfolio and a single protected transaction.

N: Non Protected Portfolio - A non-protected portfolio transaction or a fully disclosed portfolio transaction. Normally a transaction of a number of stocks dealt with by one market maker at an agreed discount to the market price.

T: Single - If reporting a single protected transaction. A protected transaction occurs when a large order is going through the market. The buyer (or seller) may wish to keep the order anonymous from the rest of the market as the size of the order could greatly alter the price of the stock.

Looking at the executed price this is a discounted buy (N) and the buyer has a large order to put through under the radar, an iceberg order.

This and the large tsx trades would indicate good news. All in my opinion of course.

Guys, eco drill results due this week. In with Tullow, Totak and Qatar Petroleum.

Agreed, sort off. But we have an obligation under the licence to drill the cretaceous so we need to go as deep as that, regardless of the tertiery. I still have full belief this is a discovery which triggered the QP farm in.

6p is realistic. Not because of this issue, but wider market sentiment. I wonder how long they have actually stopped drilling for. Too much of a coincidence for the suspension and spud on same day. I would imagine they haven't been drilling for a while and try to soften the blow by rolling it into the spud news.

Why are so many stating this is a minor set back? How are you so well versed in Mongolian practices? If this was a minor set back, why stop drilling? For your guys sake I hope it is minor. I was burned badly by MATD years ago, thought a change of management would help. Clearly not. invest in politically stable countries. No matter how appealing a wildcat is, the country business practices and regulatory practices are just as important.

This should be resolved quickly, perhaps. But MATD are a shambles. Reminds me of Doug's days back in 2009/2010. Oil, no oil. Fluorescent fluids. I was close to investing here again for a small punt. May still do for red deer depending on how Heron pans out. Why was this only raised now is what I would be asking. Have the local government allowed them to do the donkey work before pulling the rug?

The Tethys is back, hugging the Orinduik boundary, about 5 circuits done over Hammerhead again. I think HH is going to be the trump card, and they are trying to keep a lid on it.

It's going to be more than a billion.

Very tight lipped. Echoed Hess about being in communication and positive results. They will not be announcing any further resource updates until March 2020 while they carry out assessments.

I read into that its massive. And they will wait until the current seismic is complete to tie it altogether.

https://oilnow.gy/featured/guyana-seeking-expert-to-review-payara-development-plan/

New notice issued to extend drilling operations at JL to November. The distances from shore have increased. They might have just struck oil. Wouldn't be doing this survey if it was a duster.

Probably why they got acquisition consultants in prior to drill results.

https://marad.gov.gy/wp-content/uploads/2019/07/No.-55_2019_Tullow_Guyana_B.-V_Drilling.pdf

Because Trek a complete trumpet who refers to himself as 3rd person. What an absolute plum.

Or if you like, OGUK definition.

Reservoir
The underground formation where oil and gas has accumulated. It consists of a porous rock to hold the oil or gas, and a cap rock that prevents its escape.

He referred to it as a reservoir .... definition of a reservoir

"Petroleum reservoir or oil and gas reservoir is a subsurface pool of hydrocarbons contained in porous or fractured rock formations. Petroleum reservoirs are broadly classified as conventional and unconventional reservoirs. In case of conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil or natural gas, are trapped by overlying rock formations with lower permeability. While in unconventional reservoirs the rocks have high porosity and low permeability which keeps the hydrocarbons trapped in place, therefore not requiring a cap rock. Reservoirs are found using hydrocarbon exploration methods."

SOUNDS TO ME IT IS A DISCOVERY.

Otherwise the terminology would have been different.

This tweet is an indirect admission they do not yet have material results, good or bad. Basically they are saying, "stop trying yo guess drill speeds you crazy guys, the results will be out at the end of the drill, as we've said all along"

Shorts always increase during a Wildcat. It's the big boys hedging their bets. If it's a duster, sell the shares and the shorts cover the decline. If they hit, close the short, lose a few quid on the open then make the profit on the rise. Simple really when you know how.

So much fluff on here about casing and maps and this and that. Only the drill bit speaks the truth, and that's turning. Go big or go home. Big boy pants needed now, cading or no casing, map or no map, it changes nothing.

Here we go...

Trek your so full of sh!+ its laughable.

Trenz, get a grip. MUST be taken as a bad sign.... what a load of ballacks. Statements like that just highlight the lack of knowledge of drilling operations. Jesus.

The fund was up 3.5% in June, thanks to decent performance from both its integrated oil companies and E&P stocks. Oil prices were supported by data on inventories and by Opec agreeing to extend its production cuts through to March 2020. The US and China, meanwhile, agreed to resume trade talks after the G20 meeting in Osaka. The fund’s benchmark performed relatively better in June, mainly because Exxon, the top-weighted component in the index, recovered over 8% after falling by 15% the previous month.

Hurricane Energy and Eco Atlantic underperformed in June because of short-term issues – an underperforming well in the Warwick Area for Hurricane and minor profit-taking in Eco Atlantic following the arrival of the drilling rig in Guyana. Neither issue makes any real difference to our longer-term conviction in these two stocks.

e News17 July, 2019 | 12:49PMEmail Form
Alliance News) - Pires Investment PLC on Wednesday said its pretax profits rose year-on-year in the first half of its financial year, as expenses fell and gains on investments grew.

The company made a pretax profit of GBP659,048 in the six months ended April 30, multiplying from GBP122,556 a year before.

The rise was largely due an investment gain of GBP764,944 compared to a gain of GBP271,165 the year before.

Operating expenses fell year-on-year to GBP106,237 from GBP148,615.

The company's net asset value as at April 30 was GBP2.4 million, an increase of 148% compared to GBP950,000 - its October 31 year end figure.

This equated to 3.50 pence per share, up from 2.8p a year before. Shares in Pires Investment were up 1.3% on Wednesday in London at 2.33p.

The company's principal investment remains Eco Atlantic Oil & Gas Ltd, despite the fact that it sold part of its shares in the exploration company.

Chair Peter Redmond said: "During the period, we disposed of part of our holding in Eco Atlantic Oil & Gas Ltd against a background of a further significant rise in its share price. Since the period end, the ECO share price has fallen back modestly. We continue to actively manage our investment portfolio with a view to locking in gains progressively.

"As a result of this strategy and a successful placing carried out by the Company earlier in the year, our cash balance has now increased to a current level of around GBP1.35 million. We continue to review potential new opportunities and are confident that we will continue to make further progress in the months ahead."

Shares in Eco Atlantic were 0.7% up at 73.00 pence each in London on Wednesday afternoon. The stock has almost doubled since in 2019 so far, starting the year at 38.70p.

By Eric Cunha; ericcunha@alliancenews.com