Member Info for AgeingGeo

Light oil is a real concern - condensate? They seem to be taking 'an age' to test this well and need to move on and test upper zones before the season ends.

88e's Merlin-1 well may be risky but if that fails it has a lot of 'perhaps' more favourable potential in the licence south of Pantheon.Depending on current testing of Thalitha well the Kuparuk Fm. If this Play is proven by current testing it is likely to extend southwards into the 88e block. The only downside ( which all possible extensions like this face) is that 88e would need to drill a well to prove any extension if it is economic. One plus could be it's proximity to the Dalton Highway. I.e 88e is not a ' one trick pony' GLA

What I find amazing is that two popular sites with 'high impact wells for 2021' don't even mention Pantheon. Only 88e gets a mention on one of these sites and Bahamas Petroleum would you believe!

Nice to see George Maxwell on board. But as has been said in the press Metallion has made an opportunistic attempt to take control of Lekoil without paying a premium for the value of the shares and assets of the company. And as has been mentioned before there is the problem of debt and it will be interesting to see how Metallion handles that !

Testing! Wow this assumes they will find anything. As a former Columbus share holder I am not too impressed with what I have seen so far.Very unimpressed with their technical presentations of the well on their website. Hardly a seismic example in sight and very little geology. All presentations seem to be on video as well. Chance of success here must be very low. Most of the recent emphasis appears to be related to Trinidad and Suriname which they inherited from Columbus.Glad I only have too few share to worry about. But good luck to anyone who put a lot of money into this! To quote the line from the first alien film ' there is nothing you can do about it but you have my sympathies.

I agree about TPG they have the capability to produce green hydrogen but they don't seem to promote it much compared with 'rubbish burners' who promote their hydrogen potential. Maybe TPG will be like ITM in 2017 &8 which had a very low valuation before investors recognised their potential.

Really interesting . Particularly as eSeis who are owed 2.7 million dollars in fees are ended up accepting a royalty fee . They must be amazingly confident of a good outcome here. Also one message on this board mentioned if there is a problem finding a partner then an alternative could be some sort of rights issue again an interesting possibility. All in all a very interesting future situation here!

Strange operator we have! Next door Exxon have drilled three wells on what could be a very large accumulation (o.k. heavy oil) but if they sanction a development our operator will not be able to prove how much of Hammerhead lies in our block without a well. In any case it may be connected to another Tertiary prospect in our acreage. Surely they need an early well to appraise and digest any information before unitisation takes place which can be a long drawn out process. Leaving money in the ground is never a clever idea!

In Gil's YouTube video today he alludes to the next drilling possibly being a re- entry to Jethro and a sidetrack into the Jethro channel which should increase the proven reserves substantially. Also although never mentioned anywhere as far as I believe Hammerhead is also heavish oil but this doesn't appear to be a problem for Exxons development proposals. On that subject Tullow needs a well in that area to start unitisation of this discovery ( possibly combined with a new exploration well in that area) Big problem is having Tullow as operator unlike Exxon next door who are going hell for leather to produce from their block. If it is high sulphur wasn't this noted in the cuttings and maybe the reason why Total brought in the Qataris while the well was still drilling. Big question for me and others I have spoken to is why was neither well not tested at the time and why has it taken so long to analyse the samples. Having said all that I think Macy is right and this drop is way overdone (even if the Cretaceous results from Repsols well next door are discouraging)

Daily Mail maintains that Australia will run out of fuel in 43 days due to import problems- why then don't they consider limited fracking in the NW Territories if not just for future energy security?

Move on please - nothing to see here!

Very annoying. I wanted to get a lot more at a knock down price!!

Agree- incredible news

Looks like COPL all over again - just hope they don't use 'proprietary AVO and can see the OWC!!!' then it should be ok. But just get rid of Namibia which was the smart move that COPL did- to be fair they were just unlucky in Liberia!!

Sorry! the purchase was made on the 22nd Dec from Dana - But still Delek must have some sort of master plan to make themselves into a significant International Oil Co.

Would be surprised if this share doesn't start moving when the markets reopen with Delek Group purchase on Xmas day! Someone in the Delek Group has 'their head screwed on the right way' i.e they made a screwed purchase of Ithaca at a low price possibly done the same here.

This share has done nothing since the failure in Kurdestan really. It's sitting on a dwindling cash pile and not doing any deals much at all. If ever there was a case of a 'new broom' this is one.