Member Info for zebbo

I would not worry to much about the slight date shift for CPR and farm it.

We all know the CPR and COS will be better that what we have today and that Total will farm in well before the 120 days

We will then be fully funded for ~4 drills. If we dont hit oil I will eat my hat the basin has already been de risked.

Worst case African Oil ups their stake...in return for more ££. But dont expect that, Total will farm in must be one of the biggest no brainers in the O&G industry

Any idea when we may expect a business update. Timings look a little sporadic based on historic RNSs

This aint the only share they are doing this to. I have a number of micro caps that seem to be getting hammered on next to no volume and for no good reason. Then, when volume arrives the rises are muted.

Summer blues.......

My guess is still Aug.
However they may make a July statement. I guess it depends on confidence and how clear cut the results are.
Either way we are only talking a short number of weeks

Reckon it will be wait til August, they will need to analyse the data once trial concludes

dadean - You have got to be kidding me, have you been watching the news lately

Exactly, additional opportunities to analyse , also looks like we are pressing on with some early engineering activities in readiness. Thats how confident they are.
We are looking at the same sands that have already delivered for Exxon. COS must have improved significantly, they just need to pin point the best drill spots. Sounds like the drilling will also be cheaper, so I reckon 4 drills is the min. Thats a lot of chances in a proven oil basin, especially as we will have 3 lots of experts looking at the data and agreeing the best targets.

FYB, whats not to like :-)

Publishing a number of buys as sells

Hi GW, the url does not work, any chance you can post

Tried to find longtail 1 on the drill location map. But couldn't find it. Anyone have any idea where this is in relation to Orinduik. More positive news, the whole basin is opening up and another piece of the jigsaw proven. About time we started to reflect some of this good news into our SP

So if they can buyback the shares, what is stopping them. Particularly with the SP being so low Are the brothers willing sellers?

Strange SP action on this one for sure. What is the earliest they can buy the shares back

I may be wrong, but how can the CPR conclude this month as planned, if they are still processing the final batch of data. I am expecting all parties to interpret the 3D then arrive at consensus or check for consensus

Deltrotter,thanks. Looks like it will be E/O Sept for FY results & trading update Any idea if we are expecting anything near term

Strange as interim's where end of March.

How low will this go? Must be around 8% yield and PE of ~6 at current prices. If the market does not recognise value a predator will...any views

I expect it to drop ~21-22p before building again. But just a best guess. I dont go in for charting gobbledygook, just gut feel

Yep, on the whole the article is correct and some who have researched ECO well know and understand the potential, particularly in Guyana. People always mention ramping as being an issue on BBs. BBs should be the last place you go to take make an investment decision. At the end of the day we all have opinions, strategies and/or agendas etc etc So get back in there and bag a bargain ......... :-)

Yeah, be a bit of profit taking at these levels. Any idea where the SP will bottom short term

Unbelievable SP action give the outlook. On the other hand a great opportunity