Member Info for harel

Both the orinduik farm out completion and the "eco part" of the jhi-navites deal will come soon..

A block 1 farm out completion could be part of it or a bit longer but as the option in block 1 has a 4 months expiration date it shouldnt be too long, will be nice to get those extra 4m$..

I think drilling will be much sooner, when the rig arrives they will want to explore prior to development because if they have more oil they need to update the DP.

My remaining 150k shares sell order at 8.125 served.

The low float got this share price out of rationality, the sp now represent a 200m pound mc for jhi..

I would value them at 50m$ after the deal but wish all pi's best of luck..

Soon you'll have another deal, i think it will be based on shares swap, could able value the shares against the public company..

Good luck..

The eco part of the deal still to come..

Its gonna be very good for eco..

RP reported a few weeks ago they were not able to find a partner and that the licence will expire in january and they are trying to get an extention

Wte's mc reflects a 200m$ value for jhi, twice then eco, ridiculous..

if eco buys jhi that will be big mistake in my view, should make a deal like orinduik, 80% for 4m$ and carry of first well.

I think he is not shorting but trying to buy in at 20p thinking after 200% rise the sp will drop and give him a chance to get in cheap and i can understand the frustration of watching it rocket to 35p and still look cheap..

To save time- open gap to 45p and if it breaks open till 60p..

Venezuela didnt fall.. hold your horses..

No, wte has its potential but its mc now represent a 70m£ valuation to jhi, almost like eco that with all the cash to recieve and carry and assets and catalysts and holding in jhi is worth much more the jhi..

Block 1 is already a big surprise, it tufns out to be one of the blocks to explore, the seismic in 3b4b is the most promissing in SA, it seems by the seismic that there is a channels golden lane straight to block 1, that golden lane migrate through the block that shell just farmed in and took 60% for millions, while the regulatory work is yet to be solved that is a huge vote of confidence in the geology and block 1 must be the number 1 block to farm in in the orange basin right now..

Please share with us the costs needed for the work to start..

Btw, eco has cash, cash to recieve and carried cash equivalent of around 40m$..

Are frustrated about something?

Maby waited to buy in and missed the train?

Or maby just clueless?

Looking at medium term eco is about to be exposed to multiple transformational wells in the coming 12-18 months, the orinduik appraisal has great cos and will accelerate fid and a deeper exploration well that has a huge upside, two wells in 3b4b are described in private discussions has the best chances you can get and both are carried and another that will follow the coming deal with huge potential impact, i can see eco at 1 pound on 1 positive result and 2 pounds on multiple positive results..

What im saying is that in the option agreement navites has an option to partner with eco on any future deals on a 50:50 basis, that was not part of the agreement for no reason, the deal it was aiming at is being finalised as we speak..

The exercise of the orinduik farm out and the 2.8m$ to come along will be inked come January, they might exercise the block 1 farm out at the same announcement with 4m$ to follow but that is just a speculation, what i do know is that another bigger catalyst that is on the work will follow soon after...

From my understanding its gonna be on the other side of the atlantic margin.. not guyana though..

Well... a big surprise is coming our way..

there is a reason why navites and eco signed an option agreement to go 50-50 on any future deals, eco is about to complete an amazing deal which will see it drilling the next well before orinduik and 3b4b...

Agree but dont forget sintana is about to add 25% more shares and the market dont like it and mopane will fid in a few years at best while a tie in to hammerhead might mean we are already fid'd, also eco has 20% WI while sintana 4.9% and the most important thing is market sentiment..

The visit is also to plan the next wells, but i think the first thing will be to exercise the orinduik option to be followed by the extension approval.

But dont forgrt the cretacous prospects, that can make eco a billion dollar baby...

I wonder if they will go for a deeper target on the appraissl..