Member Info for harel

According to the executive chairman of african energy chamber: "eco is very conservative, gazania is a 900m-1.4b boe prospect."
4 minutes in..
https://youtu.be/qU9i2tRfneo

Can anyone provide info about the short position, gil was talking about it when the jhi deal was terminated, i wonder if such rise with big volume could be a squeeze...

i think its purpose is to make the farm out process as smooth going as possible.
i have no doubt the first or one of the first walvis farm in will be to eco's acreage.

https://oilnow.gy/featured/independent-board-wants-impact-study-done-for-exxons-largest-proposed-multi-block-campaign/

The first farm in by major in the orange basin since the venus discovery is about to be inked, great news, 3b/4b should follow soon after...

https://www.upstreamonline.com/exclusive/chevron-set-to-enter-coveted-block-offshore-namibia/2-1-1276469

I think its 25 days..

I feel sorry for him, he is obviously lost and angree.
He followed me to other boards to try and insult me there after his attempt to do so here failed..
A loser..

A discovery rns should bode well as well, results are due soon..

Indeed, seems like its good, shouldnt affect wte though..

Could the sp action be related to inside information from beebei-1?
Might be, td is long due by now and a slope discovery by tlw and total prior to orinduik target selection deadline is just what we need..
Tlw also on the move for a week now..

In the operational update:
"In Guyana, our partner Repsol is currently drilling the c.200mmbbls Beebei-Potaro prospect on the Kanuku Block, in which Tullow has a 37.5% equity, with results expected in the third quarter of 2022."

Tlw just reported results are due in the 3rd quarter, the longer it takes the better, it suggests its a discovery and for eco a stream of good news in guyana with a discovery near orinduik followed by a target selection in orinduik followed by the gazania spud, bodes well for some sp action..

Gil will present in this forum just after gazania, lets hope gazania will be the latest discovery in the basin at that time..

https://african.business/2022/06/apo-newsfeed/eco-atlantic-founder-to-participate-in-upstream-discussions-at-african-energy-week-2022/

trading halt in relation to capital raising, could gil pull another rabbit from the hat?
long shot but will be interesting to see what kind of raise and at what price..

they were surprised by gil's reaction of canceling the jhi deal, now they need to close their position..
as i said time is against them, if gazania hit they will lose 1000% of their position thats not risk worthy..
it will be an interesting two months..

still some pressure from the shorters along with a slide in poo, but i believe this slide in poo is temporary and what we need is catalysts to break the shorters that will probably wont dare to wait for the gazania results as shorts dont have a bottom, so next week the kanuku results are due and then one and a half months to spud a 25 days well, will be interesting, might be the reason gil said he expects 50p on spud..

posted on stockhouse-

Stock on Loan (Short) history.

Jan 2022 Zero

Feb 2022 Zero

Mar 2022 1.53 million

Apr 2022 2.35 million

May 2022 3.86 million.

So there is a lot of shorting of ECO ongoing....... as stated by Gil in the recent audio interview.

Canada short position of ECO (EOG) is currently 945K shares short.

So between London and Canada there is a near 5 million share short position.

With uog is that it is spending all profits on capex chasing new developments to keep its production on 2000 bbopd.
The upside is jamaica and thats a risky position.
Atleast no downside from here, maby 10-20% at most for ground value.

I saw my mistake again, dont have the pound mark on my israeli key board..
Ill take your advice..

Yes, meant pound..
Thats over valuing in the current market sentiment by my view, but 1.25 pounds is realistic, lets just hope this one is the company maker..
Usually the upside left for a discovery is 100%-150%, so if gazania is worth 1.25 pounds on discovery its possible the sp will get to 50pound diring the drill but as i said im happy enough if well get to 40p on spud..