Member Info for zebbo

We will get one of these when we hit the black stuff. Feels like its already priced in failure

then boooom. Recon we are close

Then its a done deal. SP can start to recover and price in possible success. Not sure what that will be, my guess is 16ish. But purely a guess based on where the SP is now

Also picked up a further 15k @ 31...bargain :-)

Not to mention how good todays 3D seismic is

Best to get in well in advance on this one. I really see a this as the most de risked exploration play. This will be �200m + on Guyana strike. Up dip must equate to 50% chance of success, then throw in multiple drills..fillyerboots

JOGs been on my list for a while and grabbed 25k to day, over a number of trades. Looks exceedingly good value. If they prove up100mmbls. I see the SP being ~�4. Still be cheap at that, but struggling to find a direct comparison for NS crude ie $ value per barrel for P1/2 resources

Gird your loins guys 6-10p or ~40p +, place your bets

Gooner, if your not happy just sell up. Hope you get 14p soon We will be funded for 3 wells, thats good enough for me. Not bothered what the current SP is, we will have 3 bites at the cherry. It really is that simple. Some people just need to accept the current situation, you will not change it. Accept or sell up, another simple decision. Oil explorers are high risk, surely people understand this before departing with their hard earned

Looks like the strategy is simple and the cash injection should open up 3 drills for us. The current drill, plus 2 prospects at Namibia. Thats if we get the farm ins terms Larry expects. Again risk reward looks fair to me. Ive only got 5k in so happy to see what happens over time

risk profile, IMHO - 6-10p on duster - ~40p on a good strike SP 13.5, makes this a fair bet from here

Feels like we are nearing a bottom, with Africa oil provide a good base case. Nothing has changed. TBH cannot be bothered to trade this one and have a 12 month SP horizon. Not overly interested in Namibia as its high risk and has lots to prove. However with a number of Guyana drills, I would be very surprised if we dont hit a home run. ECO has to be one if not the best and de risked oil exploration plays for 18/19

When we hit oil all hell will break loose, along with an SP 50p ++

When I think to the future areas of investment for Total I need to target 200,000 or 300,000 barrels per day [of production] Total added it had an option to buy a 25% working interest in the Orinduik Block in an agreement with Canadian company Eco Atlantic Oil & Gas Ltd, which will retain a 15% interest following exercise of the option, alongside Tullow Oil which has 60% https://www.oilandgasinvestor.com/ceraweek-total-plays-strengths-create-value-without-permian-1688186#p=1

why take up the option, along with the additional hassle. Easier to buy in the market (if you are that way inclined) + Larry will be �5M short if SP is 13 or lower. Great move.......not

Not not sure what will happen there, lots more risk IMHO as there have been no commercial strikes. However, there only needs to be one strike and the area will be white hot . Will have to wait and see. Exciting times

that the COS will be greater that 30% (overall). Personally I dont see how we can fail in Guyana A proven basin. Very close proximity to recent successful drills A number of drills, so not just reliant on a single drill FYB time

Not sure what the best valuation method is. But I'm personally assuming $2 pb. But no idea how close this is to reality. If there is likely to be shared infra with Exxon, the $2 figure my be higher. Will let someone more knowledgable correct me, as I'm not fully dialled into this area / costs etc

Folks, any idea when we are expecting to get a view of the CPR for Orinduik

Mav, I assume you are joking either that or addicted to dilution. We are fully funded. Granted, if they throw money at us, at a 50% premium that may be acceptable MMs having a field day today, with 260k buys to 80k sell and we are red...good old AIM