Member Info for freshair

We need an RSN to support the sp. What is happening going forward?

We know we have another drill so to me, again they weren’t confident in this drill. I think this next drill should be a step out drill on Serenity and seek to appraise it. We are just piling up debt when it’s obvious the don’t fully understand the OWC/Peaks in liberator. If we can bring it to production/Unification/ Farmout, at least we can manage some of this debt.

Well I still hold all mine after adding 90k yesterday and a total 340k. I don’t think I’ve done wrong, but time will let me know?

Might not be a good result but they live to fight another day and the rbl is still there to negotiate.
I topped up 90000 today and couldn't go thro' that again.

From what I can see, they are all punters throwing in the towel with small trades.

I don't believe seismic was fully processed in the first place. They thought it was good enough for a drill ( pound foolish), and were caught out. Their are different Geophysicists and one would process the seismic to an acceptable level while another Geo would aim the drill bit. Do we have physicists or is the interpretation from an outside source? I think they have learnt their lessson and have 100% confidence in the next drill. imho.

One of the best posts I've ever read, posted fromBigBiteNow

Badly burnt last time but back in with 212000 this afternoon. Good posters convinced me.

Tullow identified four prospects in the north-east corner of Orinduik block, which could be developed as a cluster with the Jethro Lobe, these include; the untested Jethro Channel prospect, two other Tertiary prospects and possibly ExxonMobil’s Prospect 17* which may be contiguous to the Jethro Lobe in the Stabroek block. The extension of an active, mapable oil play outside of Stabroek also bodes well for other operating groups exploring the Guiana Basin in Q3 2019, notably Repsol which will test the Carapa Cretaceous oil play on its Kanuku block and Apache which will investigate the Maka prospect on Block 58 in Suriname.Prospect 17* appears to be; After completion of operations at Tripletail, the Noble Tom Madden drillship will next drill the Uaru-1 well, located approximately 6 miles (10 kilometers) east of the Liza Field.

Read yesterday Stenna Forth has contract Ghana from 30th September for two month.

Sorry off topic; Thanks for that Itsyou
Like that part; Edison tried to do this 100 year ago. So we now know what the future could hold. I won't buy an electric car because the last I knew is the battery could only achieve 1200 cycles and a hefty bill at the end. Its early days but his battery can do 3k cycles and he is trying to make it smaller. No good keeping oil in the ground, best get it to market as quick as possible.

Agree, we need the likes of the super majors to do the dirty work in Namibia. Gil has said its a massive area and that's why there's no discoveries. Plenty on our plate for time being and we should stay in the Tertiary . Exxon doing HH appraisal Q2 next year; we should be doing appraisal of Jethro early next year. Seismic being further appraised for future drills with knowledge gleaned from Jethro. Reckon cash raise next year as appraisals have a cost, no matter what they say about cheap appraisals.

Jarovian,
If you look on most Supermajors website's the PR spin is that of transitioning into renewables .
Totally agree. Read somewhere that by 2025, battery and solar power would go head to head with oil cost. Liza not messing about getting oil out the ground and to market. Of course we all have to believe that oil will not collapse; then again, we see shale being the culprit for oversupply next year. Just how far does oil have to collapse before it stays in the ground. I have a large holding in ECO.

I sold some Friday, too much profit lying on the table. Would never have forgiving myself as it would have been irresponsible. Been in since early 30tees since I had great faith in Gil. Sold and left limit orders but didn't fire. I had a large holding and sold some of my other holdings and piled in this morning. Obviously lost some profit reducing risk but happy the way its worked out. Lets hope Gil drives a hard bargain when Eco is ultimately taking out.

South west, I stand corrected

I still think it’s step out drilling. If we forget about 45 square km and work on miles we can assume without squaring 6.7mls south east of Jethro which I believe the coordinates pointed to. We can all imagine more “lobes” but my speculation is still the Jethro extension and whether it’s a continuation of Jethro 1.

Thanks for the clarification Starvinmarvin/itsyou. So when HH3 appraisal was done, did they do a sidetrack into Orinduik with permission from Tullow etc? Of course we would have shared the costs.

I know at the very beginning of the HH3 drill, Exxon said they were going to drill the Stabroek; by that I got the impression they weren't going to appraise beyond there boundary. Gil had already said he didn't want to waste money confirming overlap with another drill. Do we have to do a drill or are Exxon or Tlw going to say something?

Nothing much new about HH, other than what Phoebus has said

Replay now on, Guyana 2:40 onwards