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My understanding from private conversations..
Maby im wrong..
Hello harel, why do you think next year, have you seen something in the news? Ta
Exxon has their annual investor day in the first week of March of each year normally. I would think there will be a comment on planned activities outside of Stabroek.
Thanks,
Celtics.
Our day will come but looks like the next 3 wells campaign will start next year..
And another discovery as Kawa1 comes in .Just a matter of time b4 our boat comes in.
Any day
When is Tarpon 1 due to spud? Any idea.
I agree Tarpon-1 is a super exciting well given it's location and I am not aware of any other wells in the Guyana-Suriname basin that have tested the Jurassic age and that would be a completely new play.
I think 2022 will be a good year for WTE shareholders. Whilst, I do believe we will see drilling on the Canje block again in the first half of 2022, there will be multiple step-out wells drilled in 2022 on other blocks that would be positive for WTE shareholders should they return a commercial outcome - Stabroek (Tarpon-1), Block 42 (Zanderij-1), Block 53 (well name not disclosed).
On a separate topic, I would not be surprised to see WTE increase its exposure (acquire more shares) in either JHI or Cataleya.
thanks,
Celtics.
Tarpon-1 is the one to watch, especially in regard to kaieteur, a step out well, 3 miles from ranger, testing the jurassic for the first time and potentially creating a hub with ranger and future kaieteur prospects, hopefully tucan which is right on the other side of the boarder, targeting multiple santonian layers with 1-3 billion prospective resources.
Useful images for Block 42 ?
https://mar-petroleumexplorationconsultant.com/27-suriname-block-45-anapai-1-well/
Another key well to watch will be Zanderij-1 on Block 42 in Suriname.
thanks,
Celtics.
"Next in line he said is Tarpon-1, located approximately 63 miles northwest of Liza, which will target lower Campanian clastics, plus a deeper Jurassic carbonate. The well will be drilled following completion of Fangtooth operations."
thats the deepest well in the basin just near the kaieteur/canje boarder to target the jurassic (deeper then the lower cretaceous) testing the carbonate play known to extend to kaieteur and canje, what an exciting well...
I doubt we're up next, still analyzing and working on permits..
Hopefully Q2..
PATWA 1 Spudded friday on staebroek be us up next?
This feels like a safe haven with the bloodbath going on around us on the markets.
Gil obviously likes what he sees on Canje and putting his money where his mouth is.Bodes very well for Westmounts upcoming drills.
It seems Goldman might be right so far for once with their 100 a barrel this year!
How odd especially with crude futures being technically traded below zero for a while just a year or 2 ago.
Hope they haven’t jinxed it.
Covid shares are pretty much dead now too in my opinion.Look at The big boys such as moderna, BioNTech‘s sps even.
Crypto is also a risk on asset it seems at the moment anyway.
I think the point is that eco, jhi and wte are on the path of consolidation, all that is needed is the first few discoveries.
Eco's next move should be farming in to kaieteur and then all those 3 companies will share the same exposures and will hold each others shares.
But presumably we have lost the equivalent through the dilution of JHI shares?
'Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX - V: EOG), the oil and gas exploration company focused on the offshore Atlantic Margins, is pleased to announce that it has purchased an additional 800,000 common shares in JHI Associates Inc. ("JHI") in return for 1,200,000 new common shares in Eco ("Consideration Shares"). The purchase of the 800,000 common shares in JHI is expected to be completed on 21st January 2022, increasing the total number of shares currently held by Eco in JHI to 5,800,000 shares.'
Presumably this means that WTE, having a 7.2% interest in the consideration shares, has effectively gained a further 86,400 Eco shares to add to our current holding?
Increased its stake in jhi by another 1.4% in a shares swap transaction.
Will the Canje consortium re-bid for the relinquished acreage?
Will there be any other buyers?
And will such interest improve JHI (WTE) share price?
https://oilnow.gy/featured/2022-guyana-bid-round-will-open-more-acreage-in-prolific-basin/
'...Energy research and business intelligence company Rystad Energy said potential bidders are most likely to be interested in deeper waters, where most of the existing discoveries are located.
In the northeastern part of Guyanese waters there is not much deepwater acreage up for grabs, with only two unallocated blocks: Block C, which lies east of the Kaieteur block and north of Stabroek stretching across 2.3 million acres (9600 Km2), and a smaller block of about 1,325 Km2 that was relinquished by the Canje consortium....'
Battle you can relax with your investment.
Tanager was a discovery over 65mill bbls orinduik jethro also and canje also has oil.watch and shoot ,watch and shoot.
Definte readjustment from tech to natural resources .Nasdaq is in correction territory and with oil getting close to $90 we are in a sweet spot, big year for wte.
The shares were additional to my existing holding. In one years time either the price will be many multiples of the current price, if they even just have one commercial oil find or my investment will be considerably worth less. I agree with the WTE update that hopefully with the drilling learning curve and multiple drills, eventually we will be successful, as we are relatively close to such a prolific area of oil discoveries. However, the risk is that for whatever reason the commercial oil is in a band that follows the coastline. Time will tell. Good luck all.