Member Info for Crazych38

If its so good so why we arnt farmin?

You understend thats its weird...

I have years of investing in oil and gas sector...

Im know what im talking about.

We dont need camroon if we cant get a farmin thaz carry us until production.

if we dont find any company to carry us - In this conditions we should leave this "opprtonity" and focus on something that more fit to our size.

In the begining of 2022 pcl.asx was trading on 5M $ value.

Now they worth 150M $ .

They were in the same condition like us but without licence like cameroon....

I know what im talking about... the mengment have to take here desicions for the shereholders or... we will back again for more and more deluations.... and that what kill us as investors.

If i was the ceo of this stock i was try to get farmin to cameroon in any condition... i dont care to remain with 20-15% but to get full carry to 1-2 drills.

If i dont get it? i was removed this asset from the portfolio and focused on farmin in the 2 assetes on namibia and south africa.

What im saing is that cameroon is too small for majors... and to big for us (Drilling stage).

But in our prospective blocks we have good % position and we can give % from the block to big companies that can carry us until drillng...

You can see good examples on the orenge basin on:

Pel 90 deal

Pel 87 deal

3b/4b deal

Your wrong...

The only reason the stock is in this situation is becouse cameroon.

Without it the sherr price will rise...

You will have less risk of diluation but if our namibian block is good im sure we will get farm in with carry ...

The game of cameroon is not for us... we are too small stock ...

I think that the main problem in Trp is that they not understand that they dont have enouge money to

hold project like camroon.

Its a lot of money... and trp is too small for that.

What the options?

1. To do a farmout but to remain with 20% and thats it (if there is any compeny that wants to farmin).

2. To leave this block... The deluation is killing the imvestors.

Without cameroon trp have very good blocks with good position for a farmim process.

Namibia - We have very large block with large leads and the block is the nearest to Xom blocks ...

In south africa we have block with new age and his promising...

So lets leave this cameroon thali progect it will be the correct thing to do according to the current situation.

If we talk about speculations so after the cullinan results and the data that shell collected in this drill its more reasonble that shell will farm in to pel 83 and not eco.

Galp not need more blocks...

They want major company that can take 40-60% from this block.

eco isnt the right company for such transaction.

I like eco i think its a good company with very good board and ceo but! we need to understand that eco have limits . .

They will try to find farmin to the guyana block ... and im sure that it will happend.

I dont think so...

Eco is exploration player but galp can bring to the block much bigger companies...

in the scale of the farm in deals in this area:

Shell, total, quatar patrol, cheveron, woodside

i dont think that eco can offer something to galp that better than other offers from major companies.

eco is a great opprtonity but i think its wrong to think that they can farm in to pel 83 in this stage.

I think that: Shell, Cheveron, woodside, total can do it...

they have 3d from adjcent blocks so they can compare it with 83 sesmic and to take a desicion.

First of all we have 2 majors in the block:

1. total

2.quatar patrol

Tullow leave pel 90 last year weeks before the venus and graff discoveries and 8 months after cheveron farm in to the block.

...

And i think that eco is a good investement in this prices...

but i cant believe that they can marge with company like sintana.

I dont think you understand what sintana have :)

They have 4.9% on pel 83 with carry from galp.

they have 4.9% on pel 90 with carry to the first drill from cheveron.

pel 90 is the nearest block to venus and nara... the results will be soon.

they have 7.4% on pel 87 with tge biggest prospect on all africa and maybe the biggest on all the atlantic margin...

its carried by pcl and if woodside will farm in they will carry sintana until first drill.

They have 4.9% on pel 82 in the walvis

they have 15% on onshore block near recon.

and they have major asset on colombia that have issue with the goverment that not allowed fracking.

on merch 24 if the options of sintana will be in the money they will be with all of this assets with carry and with 20-30 m$.

They want exposhure to the area.

Its not going to happend :)

Sintana dont have any reason to merge.

Link?

I prefer that they will sell cameroon and stay with namibia + soouth africa blocks...

it will be better for us.

Not so much if they givd them sheres of eco for that...

You forgot - Namibia Farm in...

this is the biggest block on the walvis and adjcent to Xom blocks.

And i think that our most + in our pel is that:

1. its very large block

2. its the only block that adjcent to exxon blocks in namibia.

3. we have large prospects on this block.

4. we have very big position for nagotiate with large opertor.

Basin in namibia.

maybe we will see farm in in the basin (i dont know which blocks) and maybe m&p is going to drill in the basin.

Hope to see change here like what happend in pcl.asx last year.

https://youtu.be/xLZ_I7HceE0

Is it?

https://www.linkedin.com/posts/cl%C3%A9ment-blaizot-297192129_namibia-africa-energy-activity-7076950945380585472-s_fV?utm_source=share&utm_medium=member_android