Member Info for harel

the next transaction in guyana will probably be buying a stake of kaieteur, on march a drilling decision will be made, a 12 wells campaign is planned and ratio petroleum will sell up to 10% of the gross block interest for a carry of some wells, bodes well with eco's and AO's strategy.

Maby you know better, so i congratulate you all well educated investors you are going to farm out on march, right iamrich? So its a 10 bagger by march..
Congratulations for getting rich.. Please put all your money on this 10 bagger, its the fastest and best stock i have ever witnessed..

The most rational thing to do!
Not much changed in gbp fundamentals, a medium size basin opener discovery at the orange basin, gbp's acreage is not even in this basin.
Gbp will not be the first to farm out in the walvis, its block is covered mostly by 2d, its a bad partner with no resource and short term commitments.
This stock is only a hype stock, so when unexperienced pi's write all day about a 10 bagger (its going on for years here) and price doubles on a discovery in another basin its the best time for a placing, if you are long here be happy its now or when the stock will be half price.
You want a potential farm out? Eco got 5 times gbp's acreage both in the orange and walvis basin, backed by africa oil and 10 years extension for all namibian blocks.

The more interesting update for us by tlw is the Q2 commitment of the kanuku well, that is a near term catalyst, and after the fangtouth success could augur well for orinduik..

Iamrich, what an ameture.. Hhh
"more shares in issue", its all about mc, what does shares in issue has to do with anything?
F.o on march? Funny... I wish you were right though as trp share the only gbp drill ready prospect.
Gbp's acreage is only covered by 2d, you know that right?
Gbp has a massive licence? trp has twice the acreage in namibia only..

Interesting point, they are sure to increase their exposure in guyana further this year but i didnt think of that option, though it would be weird if they increase their precentage by paying more then the 12.5m$ they sold their 25% to total..

After the heavy oil saga eco became an unloved stock, and so, after advancing in all fronts and delivering a company making deals with strategy of consolidating the small caps in guyana and synerging the companies under AO, all backed by AO, eco is still at the corona markets drop price.
The next 12-18 months is when eco is going to transform to one of the more loved oilies and grow around 5-10 the mc.
Canje is going to deliver a serial of discoveries and that is almost certain, orinduik will reach a drilling decision, the low risk, low cost, high impact gazania-1 well will be drilled and more deals in guyana are on the way and f.o's in namibia are now just a matter of time.
Holding for the best risk/reward in the market, even if markets fall eco can deliver a 10 bagger..
Gla

Not only trp has twice the acreage, gbp got only a small part of the covered by 3d, this part has the only drill ready prospect, which is the "flag prospect" and this prospect extends (about 30%) in to trp's acreage.
So if gbp will ever f.o for a carry its multiples for trp as well.
Trp should rise atleast as gbp.

Guyana - 1,800 square k"m
Sa&namibia - 55,000 square k"m

I doubt we're up next, still analyzing and working on permits..
Hopefully Q2..

When markets drop cash is king, its sell time..
Im still waiting for news here but if there will be a chance to sell at 16p im out and if not back to long.

There is no argue, a billion boe stand alone discovery operated by exxon and total with a 30$ brake even is worth 4$ a barrel on a conservative basis.
The fact that you thought 800m$ is a gross value means you took 0.8$ a barrel in the ground and that means you are not a numbers guy so take it as it is, there is no argue.
2% of 4 billion$ is 80m$ of value net to eco, it doesnt make a difference how youll play the math, any discovery of that scale is a game changer for eco and once they get it right they'll start a serial of hits on the same channels same as stabroek and block 58 suriname, and that value is even not being taken in consideration.

Harel

F10, you got the numbers wrong!
First of all if you read my follow up post youll see i corrected my self and wrote 11.4% on fully diluted basis.
A jabillo scale discovery is worth more then 4 billion$, the 800m$ of value is net to jhi!
11.4% of that 90m$ compered to eco 70m$ mc, that alone means a min' of 50p sp.

Venus is 60 days to TD

Just read that on fully diluted basis, eco will hold 11.4% on warrants exercise.

https://oilnow.gy/featured/eco-atlantic-makes-strategic-share-purchase-in-canje-block-ahead-of-12-well-campaign/

After the latest transaction and the exercise of the warrants, eco will hold 20% oj jhi.
A discovery of the scale of jabillo/or sapote will value jhi at around 800m$, thats 150m$ of value to eco, not bad for a 70m$ mc and 12 wells campaign planned by exxon.

Eco failed with the solar investment though it might prove economical in the long run and it was a loan, but the ipo that was planned for last year will have to wait for the next renewable hype, maby in a few years, so it would be better to have the cash now.
Other then that the strategy of exposing eco to multiple basins and blocks is genius and performed well by the ceo with the push of AO, themarket is far from valuing these transaction fairly but we are in the right sector for the next couple of years with the right upside so as discoveries will come eco will unlock multiples of hidden value.
Within 18 months canje will be worth 2-3 bagger, gazania-1 if successfull is a 6-8 bagger, orinduik advancing for a well is a 2 bagger, namibia on third party results/farm out holds material value and a&m are still to come short term.

Agree!!

Im talking about a year or two from now after a few discoveries, tge future of oil belongs to the big companies and the majors, the compind companies with huge acreage in the hottest basins in the world and a billion boe of reserves will transform to a big oil company with amazing future..

I think the point is that eco, jhi and wte are on the path of consolidation, all that is needed is the first few discoveries.
Eco's next move should be farming in to kaieteur and then all those 3 companies will share the same exposures and will hold each others shares.