Member Info for Goraxx

Https://x.com/frodekristians8/status/2062469375102202286?s=46

Https://x.com/robin25461631/status/2051547204318339162?s=46

Westmount has entered into a Memorandum of Agreement with a JHI management shareholder, conditional upon closing of the Acquisition, to purchase for a nominal amount an additional 4,000,000 common shares in Eco (equivalent to 5,670,542 JHI shares) immediately upon closing of the Acquisition."

”Warren Buffett explains the critical difference between investing and speculating.

If the asset doesn’t produce anything, you’re just hoping for a "greater fool" to pay more tomorrow.

Real investing is about the output of the asset itself”

Thanks everybody on ECO share chat for all interested and committed talks/analyses.

”Good luck on the life changing money,”

Thank you Gil and team for a fantastic 2025 and a promising 2026-2027-. ”Looking forward to high activity level with nomerous catalysts in the next 12-18 months ”. You and your team have skillfully created a portfolio of great opportunities.

Being shareholder since the Tullow debacle. Never lost hope of ECO. ”A waiting game.”

Happy new year!

Rhino Resources has made a gas condensate discovery off the coast of Namibia.

Rhino’s Chief Executive Officer, underlined: “Rhino, on behalf of the PEL85 JV, are delighted to announce the discovery of a high liquid-yield gas condensate in excellent quality reservoir at the Volans-1X well. This is our third consecutive hydrocarbon discovery on the Block and further enhances our understanding of the sub-surface.”

Chevron farm-in to PEL 82 in Walvis Basin.

https://t.co/XNX3QoJAfd

Hope your are right IWT about drills in 2025, but ..

In Totalenergies presentation 2025 Outlook it says

SOUTH AFRICA: Promising plans in the southern Orange Basin -> ”Progressing permitting for 2026 drilling (Nayla)

https://totalenergies.com/system/files/documents/totalenergies_2024_Results_and_2025_Objectives_presentation.pdf

Mayby Total Orinduik exit was included in the 3B4B farm out deal ?Better than cash?

ECOs change % in 3B/4B

Assume 4 billion BoO

A 6.25% -> 250”

370,173,680 shares-> 0,675 BoO/share

B 5,25%-> 210”

317,231,936 shares -> 0,662 BoO/share

Difference -0,013 BoO/share

@gil_holzman very interesting table someone highlighted in private group on X.

Also suggests why market doesn't trust @EcoAtlantic_OG & you

Recent farmout of 3B/4B to $TTE by $ECO.L #ECO was done at 1/3rd the value $AOI $AOI.TO achieved for same deal

comment? $ECO.L #ECO

🧵 6 Mar 24 $ECO.L #ECO @EcoAtlantic_OG farmed out 13.75% stake in Block 3B/4B to $TTE for $25.4 mn, valuing Block 3B/4B @ $185 mn ($25.4/13.75%)

Same day $AOI $AOI.TO farmed-out a 9.25% stake in same block to $TTE for $46.7 mn, valuing Block @ $505 mn ($46.7/9.25%)

1) was there a back hand deal enriching mgmt/other actors at the expense of #ECO $ECO.L @EcoAtlantic_OG shareholders to the tune of $35 mn?

2) Management simply inept?

3) Why should shareholders trust mgmt?

”High activity level with nomerous catalysts in the next 12-18 months ”.

2024

Q2 AOI ”friendly exit”?

Q2- Guyana/Venzuela conflict ?

Q2- 3B4B Total court case ?

Q2 Walvis 2D3D servey result +/-?

Q2- 2B Production Right?

Q3-? Orinduik farm out success?

2025

Q1-? 3B4B-1x well Total drilling

Q3-? Orinduik-3x well drilling

? Walvis farm out success?

Https://oilprice.com/Energy/Energy-General/TotalEnergies-South-Africa-Ambitions-Wise-or-Risky.html

Todays uppdaterad

TotalEnergies and QatarEnergy 60:40) has relinquished their 25% WI for strategic reasons and will not participate in the next phase, the former TOQAP Guyana B.V 25% WI will be assigned to Eco Guyana. Subject to the requisite government notifications, Eco will remain the Operator holding 40% WI in Orinduik License as Eco Guyana and 60% WI as Eco Orinduik BV.

Block 2B SA ???????????

https://youtu.be/N3T9X2xSJcU?si=GddG9sHjYmxUQi5A

ECO sale of a partial interest (6.25) to Africa Oil. The price paid by Africa Oil has been broken down into four elements: $2.5 million within 30 days after the signing of the LoI; $2.5 million when the government approves the transfer; $4 million upon completion of a farm-out deal; and $1.5 million when the first exploration well starts drilling.

Source Twitter

”We look forward to presenting at the Echelon Wealth Partners' International Oil & Gas Conference on 15 June 2023.”

”We look forward to presenting at the Echelon Wealth Partners' International Oil & Gas Conference on 15 June 2023.

Eco’s CEO, Gil Holzman, will be presenting at 13:30-14:30 EST to discuss the Co’s exciting portfolio offshore Guyana, Namibia and South Africa.”

Lundin has sold its shares in $AOI.

Africa Energy :

”On May 10, 2023, the Company notified the joint venture partners on Block 2B of its intention to withdraw from future Block 2B operations.”

Presentation dec 2022:

Target section at Gazania-1 was encountered very close to prognosed depth, N:G and porosity

• Although elevated wet background gas and oil show indicate that some petroleum passed through this location, the well did not encounter a commercial oil accumulation

• Analysis of the log and core data is still ongoing, but it appears that the reservoir is texturally and compositionally immature and likely associated with sub- commercial permeability

http://the-eis.com/elibrary/sites/default/files/downloads/literature/256_EIA_Petroleum%20Exploration%20License%20PEL%20No%2044_Block%202212B_Offshore_Walvis%20Basin.pdf