Member Info for harel

The left prospect is estimated at 2.45b barrels stoiip and 1b recoverables, the right one 1b barrels stoiip and 500m recoverables.

I believe well know soon enough what its for, if the pel90 theory is right, one discovery and the interest will be sold for 1b$.

Chances are a deal in pel90 is about to be inked, if so i guess 12-15m$ for 30%.

Don, every share one is buying, other is selling, above spot price its classified as a buy, under the spot price its classified as a sell.
Get it or should i write it in dislectic scotish?

25k pound trade just came in at 5p, big buyer is taking advantage of the low sp..
Or maby news about a cec consolidation deal have leaked..

the closest block to venus with two "venus & graff scale prospects" right on the boarder is pel90.
interest for this block is on the table as tlw with another brilliant decision exited just a few month ago and left two private companies with to much interest.
charlston already made an investment that provides it 10% interest through a "wte look alike" private company - inter oil.
be sure this is the immediate target that eco is working on, you dont want to be out if/when this transaction is completed!

Don, you're one of a kind.. (:

About what i wrote about wte exiting eco after a discovery, if eco hit gazania wte will probably wait for the short term wells but when got the chance i believe will cash out, thays a positive in my view.
Wte must remain being a company who delivers added value with holdings in private companies in the right places..

Eco is pleased to be sponsoring the @NIEConference
20-21 April 2022. Namibia has become an exploration hotspot and Eco is proud of its role in the country’s growing energy industry.

There is no such thing as buy/sell, any trade is a buy and sell, if its under the spot price its red if its above its blue.

The transaction has not been completed yet.
There is no demand because exposure through eco holds higher upside then through wte at that price and the delay in kaieteur doesnt attract investment in cataleya.
That should be the trend here for a while..
I believe cec is in a great position to create value via consolidation but it will not affect wte so much in the immediate term.
After 6 dissapointments wte will move only on discovey.
If eco will hit in gazania i think wte will exit and use the money to increase its stake in cec or look for investment in other private companies.

eco- multiple blocks spread in guyana, sa and namibia, multiple drill ready targets, multiple high impact wells to begin q3, world class partners, no debt, 22m$ cash balance and enterprise value of 170m$.
cgx- about to relinquish its blocks as it cant keep its commitments, 1 hit or die well q3 not funded, 135m$ debt and enterprise value of 535m$us.

i would phrase it "In the event hydrocarbons are not encountered, CGX is going bankrupt".

the facts are known, jhi has 15m$ cash, that covers the cost of one more well.

Most countries take 50-55% tax and royalties so its normal..
That numbers sound like that well will "pay back" in less then a year..

400 bopd from one well, another 15m$ revenue per year!!!
Another 2.5m$ in the bank..
Big exploration target is spud and another well added to the 2022 campaign..
Under valued!!!

Tlw exited just a week before graff, now targon for example had 20% interest and now has 52%, will be happy to get back to 20% for a carry

Eco's strategy is to hold attractive blocks, make 1/2 discoveries and exit for a billion dollars.
Eco now has four blocks that are drill ready but is looking to secure more blocks.
Pel 90 and 83 in namibia are the next target, right next to venus-1.
Charlstown which is a strategic investor in eco also owns sintana which entered 5 blocks in namibia through a deal with inter oil, i expect eco to follow.
One hit and eco will be a 3-4 billion$ company in a couple of years as funding wells will no longer be an issue.

I stand corrected- exactly 4.5m$.
8.28m shared at completion.

Wte holds 8.2m eco shares