Member Info for harel

Eco holdings 2.5m pound
Cataleya ~3m pound
Cash 1.5m pound

Total of 7m pound, trading at 8m pound.

Wte allways traded at premium on direct holdings value thanks to the high upside relative to the small mc.

explains the rise a few days ago, great results and the next exploration well sounds great as well, 2.5m boe target bodes very well to uog's mc.

Eco made such amazing deals followed by basin opening world class discoveries near by, and has near term transformational well that jhi was willing to merge in at third the price of the latest eco transaction.
The new eco holding will deliver great return for sure but for now its a write off.
The only sole exposure wte offers now is cataleya and news from that front is due soon...

Was possible thanks to a stream of success delivered by eco.
The azinam deal, followed by the graf and venus discoveries and near term transformational well and block 3b/4b made jhi keen to merge in to eco at a steal price, a third of the price eco paid in the first transaction and all to play for..
This should get to the 40's soon, too much value..

And easy funding when ever needed.
Buttt, i just figured some thing, now eco is held 34% by jhi, 20% by AOI, 15% by azinam and more by charlston, gil and insiders, so the floating share count is 15%~.
That means that when eco will hype up for gazania we can easily explode to 70-100p.
If you wonder how a garbage company like cgx is valued at half a billion dollar with one duster and 100m$ debt, the answer is the low share float, eco is about to share that float ratio but with no debt and multiple world class wells and no funding risks.

After the azinam deal eco steadily climbed from 20p to 35p, i believe eco can steadily climb to the 40's with out further news in coming weeks.

Think about total paying apache around a billion dollar for 50% of block 58, or 10 times what eco paid for 17.5% compered to 17.5% of block 58.
Today its obvious total made a great deal, canje can prove as valuable as block 58 soon enough..

Eco just bought jhi for 37m$, that is an amazing deal.
Another 15m$ was raised through equity at current market price improving eco's cash position.

not sure its not something more fundamental like jamaica related news..
lets see what tomorrow brings..

Funny that the sp doesnt react to formal news as well as to leaks, but if its a leak then rns is due and maby we have a better then expected results, could bode very well with current poo..
Time to join the oilers party..

https://www.bnamericas.com/en/news/guyana-suriname-basin-upstream-watch

Eco is not a producer and got no reserves.

its more or less the same, will try a better link, that was sent to me as is.
the important thing is it looks like were gonna get a drilling decision, by the israeli regulation the chosen prospect will have to be followed by a detailed cpr so well see if the latest cpr is enough or well get more info rns'd.

My bad,
The table on page 20 marks 3.2022 as the beginning of the campaign and not 2023, so that means the drilling decision is the beginning of the campaign by this table.
Will know more in two weeks.

New kaieteur application, a lot of info..

https://mail.google.com/mail/u/0/s/?view=att&th=17f68e3d6170a094&attid=0.1&disp=attd&realattid=17f68e4294f278bd2931&safe=1&zw

Will be by the 21.3.22, but its not going to be what we are looking for, another delay in the drilling decision and drilling delayed to Q2 2023.

tlw is in term with all its commitments.
in regard to cgx, the plan was to drill kawa and demerara, my guess is kawa didnt deliver the result needed to farm out but provided the data they needed to de risk the wei-1 prospect.
they will be wise to relinquish demerara to try to deliver a real commercial discovery instead of trying to keep demerara and going bankrupt.
but i could be wrong and kawa will be commercial, as i see it all the red lights are on.

I dont know what the "nature of hydrocarbon" will be but i dont believe a word they say, all and more could be said about tanager-1, where the santonian liquids were sent to a third party laboratory to be tested.
my guess is that in both cases the stratigraphic trap failed.
the fact that kawa is a do or die for cgx makes more suspicious.
in any case the results are good for the slope acreage and good result for eco.

Starv, when a company is going for a 10 bagger in 12-18 months and is working on m&a's, you dont try to trade it, its a waiting game, if youll be out in the wrong time for profit taking youll miss the train.

I assume the prospects in 3b/4b are mega structures, once they hit the oil they will want to run the channel to prove atleast 2 billion boe gross and sell for a billion$, not less.