Member Info for golden200

I don’t think Gil has been buying more shares. My personal opinion is that with the reduced share count (16% less) this has pushed Gils existing holding over 3% of a smaller share count and is now reportable.

Looks like it started in October.

https://oilnow.gy/featured/drilling-at-hammerhead-4-to-reinforce-confidence-in-project-design-routledge/

Hopefully another catalyst for Exxon to partner with Eco. But I’ve lived in hope for this partnership for so long I’m beginning to doubt by own sanity!

Good luck.

Https://oilnow.gy/featured/exxon-due-to-relinquish-portion-of-canje-block/

Looks like they are already drilling. Probably be another month or more but could give shares another wee boost on success…..

https://www.upstreamonline.com/exploration/all-eyes-on-exxonmobils-long-awaited-deepwater-wildcat/2-1-1682380?message=%5Bnuxt%5D+instance+unavailable&stack&statusCode=404&statusMessage=%5Bnuxt%5D+instance+unavailable&url=/exploration/all-eyes-on-exxonmobils-long-awaited-deepwater-wildcat/2-1-1682380

Https://oilnow.gy/featured/eco-atlantic-plans-guyana-drill-campaign-for-2025/

Nothing new. But all exposure is good.

I hope it seems obvious in a few months that Exxon was indeed the obvious candidate for the farm out. All the stars seem to be aligning from my perhaps biased eye……

Would be lovely if this paragraph was about Jethro or Joe. I’m sure it isn’t…..but one can dream!

“Potentially, additional resources can be tapped, if determined to be feasible and economically viable, the document read.”

https://oilnow.gy/featured/hammerhead-will-be-stand-stand-alone-development-exxon-project-summary/

I’ve read with interest the discussion on Exxon/Hammerhead and little Eco.

Clearly I would love a farm out to them for Orinduik as I have a large position here.

Speculation on my part, which is of course why we all invest BUT Gil hasn’t been his usual self in terms of bigging up the Hammerhead news. Note the twitter account bigged up shell looking to drill 5 wells in SA 5 days ago. He is usually first to point out any action which might validate Eco (as he should as CEO).

But in my view his reticence to highlight the hammerhead news is because he doesn’t want to upset his potential new partner? I’m sure he will have lots to be positive about when something is inked.

I hope I’m right but fun to speculate until news breaks!

If this does come true it’s a game changer and back to the 20p level in short order. Good luck all.

Https://www.offshore-technology.com/news/azule-energy-namibia-block-acquisition/?cf-view

More big names joining the party.

On Gazania

Eco, the operator of Block 2B, offshore South Africa, announced the start of drilling operations on the Gazania prospect on October 4, 2022. The Gazania-1 exploration well is targeting over 300 million barrels of light oil. The results from this exploration campaign are expected by end November 2022. Africa Oil has a material 16.5% indirect interest in this block through its investments in Eco, Africa Energy and Impact.

On 3b/4b

The Company has a 20% operated interest in Block 3B/4B offshore South Africa. This block is on trend with Venus and Graff oil discoveries (the Company has no interest in Graff) in the Orange Basin. The application to extend the Block 3B/4B license and to move into the first extension period of 2 years was approved on October 27, 2022. The Company is also continuing its technical studies on Block 3B/4B with the aim of maturing exploration prospects for possible future drilling. The Company and JV Partners are working together to collectively farmout up to 55% gross WI in Block 3B/4B.

Is it too early for beebei1 drilling well in kanuku block? It started late may……it would be great if this one were to come and get the focus back on Orinduik!! TullowTotal would surely increase the pace in that scenario!

https://oilnow.gy/featured/breaking-exxon-triple-discoveries-catapult-guyana-resource-base-to-almost-11-billion-barrels/

Now listened to the Tullow management talk about Guyana. So they didn’t say there would be no drilling in Orinduik. They didn’t even mention the block. They did say their aim was to reduce capital exposure and we have seen in various other articles that they are looking to farm down. It makes sense for them. This is the hottest exploration area globally. Companies like Exxon and Total will bite Tullows hand off for a share of the 60% they own. I’m sure tullow are discussing a farm down of 30% or more with them not having to pay their remaining share of drill costs plus extra funding. They didn’t mention orinduik as that will be for the new operator and it won’t be them.

So to clarify, I firmly believe there will be drilling next year but unfortunately it’s not in Gils gift to give us news. Once the farm down has completed the new operator will hopefully rubber stamp the internal decisions already made on drilling campaign for 2022 which I believe have already been made. But just not announced until tullow tie this farm down up. Whilst I hope it’s Exxon, I have to acknowledge they may want to review the decisions made and the data before agreeing drilling plans. But IF it is exxon they have the ships there to proceed at pace when happy so it should be all good for us. We are used to waiting. What’s another few months…….

https://www.theguardian.com/world/2021/aug/18/guyana-to-seek-better-royalties-terms-for-future-oil-contracts-exxonmobil

Perhaps this is the reason? Laughable really. We haven’t even been given credit for any oil yet we are being punished for changes which might happen if we do find any. Whether it’s worth a 15% slump in the price is doubtful in my view. Let’s find some oil first then worry about other stuff!!

You would have to hold a completed W8Ben form before they would allow you to trade. You might want to speak with them to get that done.

Just to clarify you can buy US stocks in an ISA. And any other listed securities on most recognised exchanges abroad.

https://oilnow.gy/featured/heavy-oil-at-orinduik-block-becoming-more-attractive-as-venezuelas-supply-dwindles-gil-holzman/

https://oilnow.gy/featured/usgs-will-reassess-guyana-suriname-basin-in-2020-following-multi-billion-barrel-discoveries-by-exxonmobil/

https://marad.gov.gy/notice-to-mariners-70/

Confirmation of drilling operations on carapa. Good luck.

Good post. This hasn’t been noted anywhere to my knowledge. Good find. Much appreciated.

Good point. It’s interesting that the black bold border line of orinduik and on our side there is a bit of green on our side (the cPR suggests 1 sq I’m) and then the rest is orange. Suggests to me from the HH appraisal by Exxon they believe HH stops there and there is potentially another separate structure for our block. Perhaps Exxon have informed them of this fact? Pure speculation.