Member Info for harel

Its speculation sells, personally i dont think azinam are interested in selling at all, they were supposed to have 50% in this well and were already diluted to third of that in the merge.
Same about aoi, they participated in all the raisings to keep their interest in eco and will sell only after realizing the value of the assets.
This drop could turn out to be an opportunity, now its a falling knife.

*months

D, 3b/4b is one of the most attractive blocks in the world right now, 7 majors are in the data room.
Upstream which got all its inside info in the basin correct so far sais shell and total are in the top of the list and that means that according to the best data in the basin the discoveries of g&v are extending to 3b/4b, there is no way a farm out will not be completed in the coming month and that will be transformational for eco with or without a gazania discovery.
To be or not to be? To be!!!

Aoi has 34% of afe and 20% of eco, that means it has almost 20% interest in block 2b.

Dont think azinam will want to dilute themselves, 2b and 3b/4b are the assets they believed in the most, both are beginning to create value, i think they are in for the all ride, very different from the jhi situation.

At 0.25 pre spud, looks like a winner.

The Island innovator now has a 27.9 21:00 eta.

They reported thst the next campsign will include at least two wells, maby one well will check the jethro channel, a 200m prospect connected to jethro that could double the reserves and upgrade the economics.

Except it being on trend with venus and graff which the shell and total interest proves, the size and the huge prospects that atleast by the maps makes venus look like a small discovery, the big advantage is the 3d cover that ables the major to realy learn the potential and move fast to exploration like stated in the article about a 2023 drilling campaign.

the market is obsessed with meeting expectations, i realy dont care about that but about the low pe compered to the industry and catalyst to come and the serenity bonus.
i believe if serenity delivers i3e can get to 40p and results are only 5 -6 weeks away.
what i love most is a high impact well with hardly any downside, thats why im not investing in eog, might have a big drop on a duster.

Waited for a chance to top up before spud, took at 26.5..

They plan to farm out 30-40%, africa oil is willing to give up 5%, that means eco will remain with 20%, many majors want to farm in but at the top of the list are shell and total and thats sais it all!!!!

Got the all article from a friend in photos, will summerise, its about 3b/4b

https://www.upstreamonline.com/exploration/supermajors-eye-prime-orange-basin-block/2-1-1284744

Shorts must cover!!!!!
The problem with shorts is that one can lose much more then invested, if gazania will hit shorts that will be open will lose multiples of the amount invested, no sane investor will take that risk for a small upside on a duster.

"significant interest in our Namibian portfolio"

Hammerhead and the orinduik wells are teriatery targets, the stabroek wells are all cretaceous.

Tlw left pel90 and kept orinduik so im not sure they dont believe in the asset, the beebei failure doesnt bode well but tlw after the merge has an improved cash balance and well just have to wait and see..

a 3b/4b f.o is expected by year end so eco at this price is partially hedged even on a duster scenario and the "free" ride on the canje campaign is a bonus, a big bonus...

i think also a lot of investors dont want to be out when orinduik target selection will be announced in a few weeks, the fact it will happen pre spud bodes well, any info about a 2023 well on orinduik will be great for the sp.