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Meant that to be a strong buy obviously !!!!
Huge news that Chevron have taken a position in PEL 82.
There is a proven hydrocarbon system in the block. Just needs a drill to hit the sweet spot.
Any new discovery in the Walvis basin will be very interesting for Eco.
Many irons in the fire for Eco but still need to hit somewhere for the multibagger we are all here for.
Great to read about the GALP discovery. Namibia is the new Guyana for sure !
I suspect 3B/4B will get its first drill within 12 months or less. The block is on trend with all of the recent Namibian discoveries. CoSmust be high.
Any farm outs in the Walvis Basin will be a big bonus as we are in frontier exploration in that geography.
As for Orinduik, it couldn’t be XOM, could it ? I understand that is the very strong preference for Eco but other bids have more value.
10p will become 20p and 40p during any well drilling. A commercial discovery and all bets are off !
Not one for pension funds or orphans but there are not many better risk / reward options out there.
Good presentation from Gill.
We have heard a lot of very positive talk from him over the years but this time, the business seems on a much more stable basis.
XOM farming into Orinduk would be massive !!
Share price predictions are always dangerous, but Eco at 10p is way undervalued.
As we know the farmout was competitive with Total / QE winning. This was the best deal for Eco. They have the cash and remain with a meaningful share of the block.
The great news here is the new Operator will be Total. They have as a good, as anyone, understanding of the region and play and they have infrastructure in the area. They also have rig contracts for rigs which are / will be operating in the region.
Eco will only realize true value on firstly drilling and then finding commercial oil.
We are finally off to the races in the Orange Basin. The share price is meaningless right now for medium term holders. There is little doubt this will be multiples of today’s share price when we spud the first well.
Risk does remain. The Orange basin is little explored and the play not that that well known, never mind knowing where the sweet spot is.
Risk-reward with Eco. Not for pensions or orphans but the reward is massive.
I think the news from East Belfast has, like its most famous ship, been “lost” today. It’s another step in the jigsaw.
The giant is starting to slumber.
See you north of 15p.
As Borgo used to say “here comes the sun”.
It was OilBrat who first saw the scrolls and knew their meaning. That was a long time ago. The scrolls showed the way.
Fast forward and we are on the verge of seeing Oilbrat’s predictions come to fruition. The obstacles are no longer technical but commercial. It would seem the commercial obstacles are getting resolved.
There was a time I had lost faith in Rockhopper’s ability to produce from the Falklands but, be it good fortune, shrewd commercial acumen or luck, they will indeed produce oil from the vast Northern Basin.
There is little doubt there are billions of barrels of recoverable oil in the Northern Basin. Isobelle -Elaine is massive.
As for the share price and where it will go, that’s anyone’s guess. I have taken my holding for now but plan to top up as news confirmation takes us through 15p, 25p, 50p. I have little doubt, barring a takeover or some unforeseen event, that the Rockhopper market cap will surpass a billion pounds within 3 to 5 years.
As Borgo used to say - “here comes the sun”.
Great to hear the positive news.
It seems a long time since May 2010 and news of the Sealion discovery. There have been many, many poor decisions by Sam and Rockhopper since then, but finally there is light at the end of the tunnel.
Falklands oil will get produced within 3 years and the big prize of Isobel - Elaine will finally also get prominence.
It’s been a long time since the scrolls of Llandudno were seen, but I am sure many old timers on here will finally get their day in the sun !
Make no mistake, this is Howard's baby. He got the country entry and chose the prospects. He's a talented geoscientist.
I don't know what Howard will do next, but I suspect retirement. He's loaded up with BOR equity but I believe he will get a lot older before any meaningful cash in.
The Falklands oil story is alive and well in the shallower waters of the NFB. Oil will get produced later this decade and the NFB will get fully developed. There are billions of barrels in the NFB. The Southern basin, due to its water depth and development costs, will have its day in the fullness of time, but it is decades away unfortunately.
Good luck to Howard in the future.
The Navitas engineering work is progressing as planned. I expect FID next year as planned.
Navitas have a good track record at securing finances and partners.
It’s been a long, troublesome journey with many false dawns and turns, but patience will be rewarded.
Good to see all the director deals. Yes, the share purchase amounts are relatively low but nonetheless a positive sign.
This company just needs one positive drill result to be a game changer. Remember the share price after the Guyana discoveries.
Patience is needed and will be rewarded.
Good to hear from Gill again.
Fully understandable that the various transactions are taking time.
I expect news of a partner in South Africa and planned drills in 2024.
Massive upside here.
Really surprised to see this fall to single digits.
News has been “coming soon” for quite a while.
I am not aware of anything negative affecting the company ?
Strong industry news continues to come from Guyana and Namibia.
Little to no news from Eco.
Gill is a smooth operator who likes to over egg things so the news vacuum is strange.
Something brewing ? I hope its positive !
Business progresses at a pace at Navitas. You can see the new Logistics Manager is now in place.
Look east was once the call and its the call again. An additional partner is not that far off.
Exciting times ahead. Oil will flow …..
I am the first to say that I was wrong in thinking Rockhopper’s race had been run. Navitas have turned this around. They have an experienced project team in London and things are moving ahead at a good pace.
Significant increases in the share price are very possible as long as Rockhopper retains good financial stability.
It’s time to look at this bad boy again as oil will finally flow in the Falklands later this decade and sooner than expected.
20p not to far away.
It's April and its been a while since we heard any update on the 3B/4B farm out.
A large number of large players have been in the dataroom. Granted these transactions take time, but I would have expected a leak by now. Woodside, ENI, Chevron and TotalEnergies all have been very engaged.
I expect a transaction in Q2.
Huge potential here; patience will be rewarded.
Sometimes you just have to trust and believe.
This well is getting more and more positive.
The sidetrack is now out of the bag. I believe it has been logged.
Lets wait for the official news, chances of a buy in tomorrow are getting less before official news.
Not a done deal, but an imminent RNS fills me with anticipation .....
I expect the RNS later this week.
I expect to see photographic evidence of the smiling faces of oil and gas company executives aboard the rig.
Well, here we are in the witching hour, one hour before London closes.
How come all these high impact wells always seem to get interesting over the weekend ? LOL
There will be no news in the Sunday Times this time !!!
Stick, buy or sell, de-risk or speculate ?
I have a view that we will not get a RNS on Monday as operations are still ongoing.
I have taken my position on this well. Hydrocarbons are present in the main wellborn and sidetrack; how much and how much liquids remains the key. The Zulu warriors have it right about the drum beats of oil but few know the details !!!
Massive upside but its not for orphans and pension funds.