Member Info for harel

As gil stated by year end eco is expected to complete two deals, one on the asset level (3b/4b) and one on the corporate level (africa oil merger?), both should create value for shareholders.

But, 6 months ago m&p updated about a 5 well campaign in the walvis, i took it with a pinch of salt, but on the new sei presentation (holds acreage adjucent to m&p's) it sais two wells by m&p are expected by year end, and this company is one of the more trust worthy small cap.

Eco's acreage is adjucent and sorounds m&p's block.

A drill could see eco's sp rise and a success will be a game changer with majors fighting to get a bite of the biggest acreage holder in the walvis with a 8 years extension and a drill ready prospects..

Could go down a bit more short term but looks like we are at the bottom area..

Time for mid to long term holders to take a position..

Another flop if i had to guesstimate

All the information in the release..

Https://www.upstreamonline.com/exclusive/totalenergies-on-target-high-risk-drilling-at-global-hotspot-indicates-supermajor-has-a-huge-field-on-its-hands/2-1-1454148

https://www.upstreamonline.com/exclusive/tullow-committed-to-outlier-south-american-blocks-seeks-partners/2-1-1431046

After the bidding is the negotiations...

That was the bidding deadline.

it will happen once they will farm out, not before.
btw, i hold eco which is the biggest acreage holder in the basin with 8 years extension left and surounds m&p's block so for me its great if they'll open the basin for eco but in business logic usually wins..

I also wrote the same as farnham and was attacked by you imrich, eventhough i wrote from years of experience with no personal interest.
So again, dont be fooled by the m&p wells, its not going to happen, i give it 5-10% of happening, they can not afford that kind of operations and there is no logic at going for a total wildcat with 85% interest, that sort of things can be done by majors only and even majors wouldnt keep such big exposure, so m&p are having problems farming out and try to make their block appear more attractive, nothing more.

https://www.upstreamonline.com/exploration/supermajors-circle-as-scale-of-key-orange-basin-blocks-oil-and-gas-riches-revealed/2-1-1416677

"Farm-out process under way as Block 3B/4B offshore South Africa thought to hold 3 billion barrels of oil and 5.5 trillion cubic feet of gas"

Ijwt, we do have that amount in orinduik but this cpr is for 2200skm out of 20000skm block..

14% rise yesterday in canada with high volume, a 3b/4b cpr is expected by the end of this month.
Jonker-1 results and the pel87 farmout bodes well for eco.
My guess is the prospects on 3b/4b might reveal a venus scale targets.
Multiple mid-cratecous layers have already been proven and the thickness of the finds is much higher then what was predicted.
This is guyana on steroids with mega structures that i havent seen anywhere in the world.
When eco drilled gazania, a 150m boe net, the market paid 0.45p per share, what would the market pay when eco will go for half a billion boe net in the next 12 months?

i see some are waiting for the walvis wells later this year so dont get your hopes up just yet' there are no wells to be drilled this year and m&p cant drill alone with85% self carry, they are waiting for a farm out and want to make the deal look attractive as its about to be drilled' "last chance to get on the train"...
if m&p or eco will make a farm out this year which i doubt, this will move but no farm outs=no wells, take all you read with a pinch of salt...

Eco bought 6.25% of the block for 10m$ which gives the 11.25% a 18m$value, eco didnt buy it to sell it at the same price but took advantage of the situation to make a steal, so 18m$ with 15% interest covers 1.2 wells, that makes me believe its going to be 2 wells carry.

The 3b/4b farm out looks solid, africa oil is the conservative big brother of eco and if they say f.o by end of the first quarter then my guess is its due weeks from now..
So i expect a f.o of 11.25% of eco's interest that will leave it with 15% for a 2 wells carry, which as the potential to rerate to 0.3p, then update about targets and timelines and perhaps a cpr..
A venus like target and the skies are the limit..

Donr rely on a walvis drilling this year, there is no way m&p will drill alone with 85% interest.
Its just for appearing more attractive trying to farm out..

https://www.stabroeknews.com/2023/01/26/news/guyana/hess-reports-another-significant-oil-discovery/

The closest discovery to orinduik delivers in the lower intervals as well..

Welcome back old friend,
By the media it seems tlw has commited to the next phase and chose amatuk as its next target.
Also by the media the well will be drilled this year but that its f.o dependent.
They have till 26 to drill so all options are on the table..

Unless its total

https://oilnow.gy/featured/tullow-expected-to-drill-amatuk-well-in-2023-after-relinquishing-20-of-orinduik-block/

My guess is that the 2023 drilling is based on completion of an ongoing farm out negotiations behind the scenes..