Member Info for harel

Eco is priced for its core assets in namibia and guyana, then came the jhi transaction which already exposed eco to two wells, as we can see the jabillo duster and the sapote duster didnt affect the sp, at both cases the sp went up on spud/speculations and back to pre drill price on results.
That means eco will now be exposed to a 12 wells campaign with no down side while each discovery holds around 20p upside.
Mean while the next year or two should see a lot of action at the core assets..

And around 4-5 more via cataleya in kaieteur.

Thanks for that, you might be right there..
I think a fair value should be around 14p with 20p target on the next spud, but market has its ways..
Well wait for the oil!!

As it stands the new cpr should be released by march, thats when exxon is obligated to inform rp about its next target and by the israeli regulations rp will have to release a cpr.
Could be sooner...

The next well should be updated soon if they are to drill q1 and a cpr to follow.

If you followed wte's board you would know not to take this guy seriously, a week before the jabillo duster he updated its a strike, he is a joke..

Exxon never provides any clues about ongoing operations, but if they would it would be in the conference call, q&a.
The transcript will be released around midnight.

No..

Well spotted, do you know when they are planning to spud?
the most anticipated well will be in kanuku by my view but still no time frame that im aware of, might be waiting for the tlw farm down to complete first.

Looks like all moves so far are based on speculations, exxon keeps a tight hole.

Come to think about it, we value eco's share by counting boe's but the way to value it is by valuing jhi, a discovery at sapote could mean 200m boe to jhi, thats at least 1b$, if eco has 10% thats 100m$ on sapote alone with 12 wells to follow, some are follow up prospects with 80% cos, and 6 wells funded.

A far as i know jhi has 67m$ on vompletion of the eco transaction, that 5 more wells, so they have sapote funded and 6 more, after a few discoveries the can ipo through rto with wte or eco and raise at a value of 1b$ easily..

I think namibia will create a lot of value here next year, the majors are linning up to drill some of the biggest wells world wide, a discovery will make assets at this basin much more valuable and eco holds 24000 square kilometer at 4 blocks, some are drill ready, thats like15 orinduiks..

According to exxons table the next well in canje will spud december, followed by another 11 wells..

They stated that on completion a flow test might be performed.

Big volume today, its obvious where the sells came from, the tlw statment in regard to orinduik.
But where did the huge demand, at a 30% premium compered to last weeks price, came from?
Sapote!!
Dont know who knows what and how, but they sure are willing to put their money on that well..
Eco up 30% on a possible leak, wte 50%..
Rns next week, last chance to hop on early next week.

If sapote hit exxon will perform a flow test so that is why they applied for a longer period.
Not sure if they will use the same rig but at the moment lets just hope theyll need a flow test..
Common sapote, show me the moneyyy!!!!

The eco book is exploding, already 350k pound have been traded in just a few trades, its amazing how much money is waiting to be exposed to sapote, now the way to open a big position is where there are shares available, soon enough the big sells their will conclude and the wte gold rush will commence..

triggered a massive sell orders, late trades shows 500k pounds of sells.
but, all those massive sells found buyers who want exposure to the sapote-1 well even at this high price (sp was 30% cheaper just a week ago).
wte reacted to the sudden massive sell orders here, might be the last buying opportunity at this price..
50p+ on a strike at sapote for eco, gla.

so, the eco book shows 500k pound late trade sells, that should clean the orinduik related sells, on the other hand that shows the amount of buys looking for canje exposure.
here we had a weak hands response to the the drop but looks like its upwards from here..
crossing fingers for next weeks transformational rns...