The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
No doubt block 2b is a possible farm out, with 75% of well cost on eco.
The jhi idea is a good one and would be an amazing deal but its the only guyana related transaction by my view.
I hope they will farm out for a carry.
the cameroon deal is obviously a failure, i give it a 1:10 chance of beluga coming up with the funds.
graff-1, nice long term affect, a different basin though.
thali- they cant farm out for years now even when poo was high before the covid, dont believe every thing you read, its not a sure thing, if it was that good it would be farmed out long ago.
south africa- a long way to create value.
the only catalyst here can be venus-1 and dont expect more then a short hype if its good.
For now the next short term catalyst might be around the corner and thats venus-1, a 3 billion boe p50, a monster, reported to be a 60 days well now on day 71...
The next 18 months are non stop catalysts for eco, planning on enjoying the all ride..
https://oilnow.gy/featured/explorers-hoping-to-deliver-pay-at-kanuku-block-this-year/
As far as i know the well is planned for april, a big catalyst for eco on success in regard to de risk, operational opportunities and sp (which is important considering funding requierments).
what a way to start the day, after the graff-1 results i was worried the deal will be renegotiated as that discovery shows what a steal this deal is for eco.
news must have leaked hence the jump in canada but the regulator caught it on time..
first step in building a billion dollar company.
Got a feeling eco is negotiating a namibian farm out, huge acreage and a ten years extension, the no. 1 f.i deal in the walvis.
Eco is very informative on the private channels about its operations but declined to comment on that specific subject.
my last 12 months "crap oilies"- cgx- 0.3 to1.8$, fec 7 to 13$, i3e- 0.5 to 0.15p eco- 0.22 to 0.28p
and my growing position for the next short term 3 bagger is ratio petroleum, pure kaieteur play' waiting for a drilling decision on the 21.3.22 with a huge upside, not something you would know considering your research so far..
look and learn..