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You slate this but ramp the hell out of MATD which has hit more dust than Dyson hoovers. I was in MATD and sold out before it sprayed investors with so much dust they were left choking. I think ECO is a much better investment considering the potential in the rest of the block.
I would nt call my post a ramp but yours is I'll informed and you want a lower price to get in
Elgin, also second post on LSE
Looks like someone is signing up lots of new user names to try to ramp this one ahead........ LOL
What was your old username ? or indeed your other one on here ? See you signed up today, a new one, embarrassed by what you said with your old one ?
Lol , is right wedgwood I was thinking of replies but you nailed it
Lucky your opinion is I’ll informed and full of sheeeyite then, I guess
Jethro and Joe are dead imo. TLW openly say the quality of the oil is the problem - its utter crap.
Very high sulfur (and now the low sulfur mandate is kicking in which will kill off in time all remaining very high sulfur oil production).
Probably very acidic. Probably high metal content.
As I said with ECO - when they blag and divert and deflect - like how they over there are talking about only the Heavy thingy......because they can of course point to sort of similar but not really similar if you knew the API and Sulfur content and acid level and metal level heavy fields and make a story of hope about production.
But the Heavy is just one part, the killer will be sulfur level, metal content, acidity - and of course there is no reference to those is there, as that would not offer a story of hope for people to cling to.
Its all blagging imo, just waiting and praying and killing time for Carapa results.
If Carapa comes in good then all this will be forgotten........and if not then this Guyana block will be dumped and heads will roll I think.
Yes time to add a little sanity back into the debate
Hammerhead is shallower/ more (in the words of Hess CEO) inshore than Jethro Lobe - the maps can prove this https://www.rns-pdf.londonstockexchange.com/rns/9410Q_1-2019-10-23.pdf
And three of of the largest oil companies in the world consider it commercial and worthy of their fourth FPSO
Could be 450m barrels
If Tullow don’t want Orinduik, someone else will. We know ONGC are looking, Repsol need to buy in heavy crude https://www.bloomberg.com/amp/news/articles/2019-11-11/repsol-looks-to-alberta-to-replace-mexican-and-venezuelan-oil
Thanks for the link; so heavier Oil not heavy (Hammerhead) and grade heavier as to shore.
Did also mention about a reg change Jan 2020. Interesting. I guess you have to bed Jethro commercial. Fingers crossed.
Text already posted here, but Hess comment from the horse's mouth
From 35:55
https://www.veracast.com/webcasts/baml/energy2019/id36104195314.cfm#/player/html5/speed/a8
What is surprising to me is that following the Jethro discovery, Tullow/Total and Eco must have had a reasonable idea that the oil was heavy before they went on to drill Joe, in which case why did they if there was any doubt about it being commercial????? Answers on a postcard.
Hi hereandnow,
My point earlier ! And don't forget (a) Hess (man and co) hasn't come clean AFAIAA re Hammerhead's own API details, but deem it commercial. We have a part of that. and (b) from the schematic. Jethro appears to lie BELOW Hammerhead...
ATB
Never let the boss have a microphone:
Speaking at the BofA Merill Lynch Global Energy Conference earlier this afternoon, Hess CEO John Hess commented on Tullow's (TLW.LN) announcement this morning that lab tests indicate that oil recovered from both its Jethro-1 and Joe-1 in Guyana, where Hess also operates, found the oils to be heavier crudes with higher sulfur content (Tullow shares fell (27%) today following the disclosure). Specifically, in response to a question of whether the market should be concerned about its Hammerhead area, Hess stated::
"No. The market should not be concerned about Hammerhead. We've drilled three wells there, Exxon is our operator. We wouldn't have drilled three wells unless we thought we had something commercial. We're not ready to give all the specifics of that and, obviously, we didn't know that block that Tullow has is inboard of us. It's closer to the shore.
"And what we've seen from our block, remember our block, the Stabroek Block, is 1,150 Gulf of Mexico block. It's a massive real estate area. We've gotten 14 successful discoveries and only two dry holes. That's a pretty good success rate....And as you go onshore, as you go into the shallow waters, Hammerhead is an indicator of this, the oil is definitely heavier.
"...in the way the geology of the block works, as you go onshore, as you go inboard, the oil tends to get heavier. That's the case with Hammerhead. And so, it doesn't surprise me that Tullow has a heavy outcome.