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s knight
Silver Contributor

Joined: 21-Dec-02
Location: Spain
Posts: 204

Posted: 18-May-08 at 14:54 \| IP Logged

EEL seems to be on the rise up 47 percent on friday with their asset value running into the 100,s of millions and the market cap as low as 16.5 million it would seem it has a long way to go .

DYOR as always .

s knight
Silver Contributor

Joined: 21-Dec-02
Location: Spain
Posts: 204

Posted: 19-May-08 at 17:11 \| IP Logged

Another rise today which on the back of fridays 47 percent rise is very welcome . Blocks OPL321/323 cost the company $168 million with a market cap of 17.5 million pounds further rises should be expected dyor .

s knight
Silver Contributor

Joined: 21-Dec-02
Location: Spain
Posts: 204

Posted: 09-Jun-08 at 00:13 \| IP Logged

Well the market cap is now around 48 million with the sp up from around 10p when i posted to 27.5p . An arbitration win of 123 million dollars still makes this little gem well undervalued . News is possible this week so i would suggest you get in quick . dyor etc

Krabthearab
Regular Contributor

Joined: 20-Dec-07
Location: United Kingdom
Posts: 65

Posted: 09-Jun-08 at 10:10 \| IP Logged

Hi,

Not visited this site for weeks as only ever had 1 person reply(which kind of defeated the object for me...discussion board and all that LOL).

Been in these myself for few months. This or next week don't bother me, EEL can have Peak monies which would be short term fillip or just live on farm-outs. I'll be around for above a year with these all being well and my target price is much in excess of what the next few weeks will bring.

s knight
Silver Contributor

Joined: 21-Dec-02
Location: Spain
Posts: 204

Posted: 09-Jun-08 at 11:50 \| IP Logged

Krabthearab , yes a shame not many people pňst here anymore , still as i type i notice we are up another 11 percent .

Krabthearab
Regular Contributor

Joined: 20-Dec-07
Location: United Kingdom
Posts: 65

Posted: 16-Jun-08 at 16:02 \| IP Logged

Hi s knight

Reckon this could be the week. Bit of positive news and institutions might also jump in with finances sorted. Seem to have been sideways trading since the flow of new hot money came in after the 3rd June RNS, but Mr Rand could deliver more anytime now.

Hear elsewhere he might be in office mid-week. Happy to sit and wait on this little gem as you put it, its done me proud so far and expect a lot more in good time.

Krabthearab
Regular Contributor

Joined: 20-Dec-07
Location: United Kingdom
Posts: 65

Posted: 26-Jun-08 at 16:18 \| IP Logged

From yesterday, looks a bit more positive.

"Equator has been in direct discussions with Peak's financial advisers, and has received independent assurances that funding will be granted by the end of July 2008. Equator will therefore allow Peak until this time to conclude this financing initiative, before initiating conclusive steps in Nigeria to enforce the arbitral award".

Now for some farmout news please.

Edit for typo

Edited by Krabthearab on 26-Jun-08 at 16:19

s knight
Silver Contributor

Joined: 21-Dec-02
Location: Spain
Posts: 204

Posted: 28-Jun-08 at 18:56 \| IP Logged

Great news ....

KNOC seals drillship for OPL321/323 FOR Q3 2009.

TRANSOCEAN PATHFINDER to drill up to 4 wells back to back ..

Also BG are reported as closing a second FARM-OUT deal with a Nigerian deepwater block .......Could this be 321 !!!

Interesting times ahead .

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