Member Info for harel

is spud today according to mariners notice and should be completed within 50 days.
this well is the most interesting so far for eco for several reasons, the tullow connection that could drive tlw to drill in orinduik on success and secondly the slope potential- the beebei potaro prospect is believed to be connected to the tilapia discovery on stabroek that extends from the north all the way to the kanuku boarder, the fact that tlw has all the seismic data as total, bodes well for orinduik.

Eco has 45m$ cash, the company is negotiating a 2b f.o so we'll have to wait and see, i believe a 20% for a few million dollars is the most practical deal, that means gazania will cost eco a net 8m$, canja is a 15m$ per well, orinduik 10m$.
3b/4b is much more expensive so it will be drilled only after a discovery.
So they will be funded for 4 wells if a f.o is completed, or 3 wells going on gazania full power with 50% interest.

its unexplored territory, the bahamas produces 0.
btw, uog's drill ready prospect has a 470m boe pmean.

Bahamas petroleum, had a similar asset, a 100% interest offshore the bahamas, drill ready.
Unlike uog, they didnt have any income, and poo was half of todays, yet they traded at around 100m$ before going at it alone and failing.
A farm out could take uog to that level of value..

They are working on a deal, i wouldnt be surprised if its orinduik related.

https://www.energyvoice.com/oilandgas/africa/decom-africa/412763/mauritania-petrofac-tullow-maersk/

well earned reward, eco made two transformational transactions and now has one of the worlds best exploration portfolio which will make the sp explode on first oil and thats what were here for.
we cant blame the company for failing at jethro, joe, jabillo and sapote, after all these dusters we would be at 12-15p atm if not the great work with the m&a's, instead we are very very well funded with 45m$ cash, no debt and right before a 6+/- wells campaign that could unicorn the company easy.
patient the oil is on its way and once we hit oil its 2p for share..

"Repsol will employ the Noble Regina Allen to spud the Beebei-Potaro-1 wildcat in the Kanuku block, immediately to the south-west of the prolific Stabroek block, where ExxonMobil has already encountered more than 10 billion barrels of oil equivalent in recoverable volumes."
Repsol Beebei-Potaro-1 should be spudding this month..
a short term catalyst for eco, potentially de risking orinduik prospects, just before drilling decision is due..

After the jhi transaction is complete eco will hold 45m$us cash...
Third of eco's mc is cash with 0 debt.

Looks good in nasdaq and eco is moving up..

Oriduik will cost eco 10m$ net, canje near 15m$.
The kawa well took 7 months hence the cost.

Both in the same league as far as namibia but you dont see fantazy pumpers about a namibian farm out over here.
About cameroon its a long way to go till a drill is confirmed but if it will trp will multibag.
The sa block is also good and has much better chances to farm out then namibiaas its de risked by luiperd and still you wont see pumping on this board.

Why would anyone want to farm in there?

By the speed the markets are falling i believe this bear market will short live, probably by year end the bear will go to its winter sleep.

One advantage is that eco is heading towards multiple wells campaign and each outcome is binary, that means that if eco hits oil in 2b or canje, no market sentiment will prevent it from multibag, our invetment is dependant on finding oil and nothing else.

look at page 16, bodes very well for orinduik, also some of the mega structures with the better cos are on the same sea shelf..
https://www.fronteraenergy.ca/content/uploads/2022/05/May-2022-Corporate-Presentation.pdf
credit- loneguardian

could be that pegasus is backing that loan, but the bottom line is that obviously the government wanted to see that there is solid reason for extending the licence and were assured by that "road map".
trp must be in advanced talks with the banks if they are to report it.
at a micro cap price there is no much risk here but a multi bag upside just for funding that well, not even talking about delivering a discovery which can 10 bag by year end.
waiting this one through...

Is most likely getting drilled in the 4's quarter and a rain of positive rns's is due in q3, with trp's mc and the economics of that project i wouldnt be surprise to see the sp 3bag by september..

I wouldnt rule out a percentage swap with another block, like pel90, maby 20% swap.

*total cost net to eco.