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I doubt it, the drop might have trigered stop loss orders hence the volume, but if it is a raise then its good news cause it will be followed by another transaction, win win.

I think eco will have to compete with hess about the the kaieteur interest that rp will farm out and that will be funded the same way as the jhi transaction, but that will be only after the orinduik drilling commitment at a different sp.

just confirmed in a private discussion that exxon will provide a drilling update in kaieteur early next week...
very big update for wte!!!

you missed one, azinem will drill the gazania-1 well Q4.
this well is just one catalyst of many to come by year end for africa energy (24%), trading at a the bottom considering their world class discoveries with total which are about to fdp and fid by year end as well.
about to rocket soon....

Venus-1 spud is expected soon, other small caps namibian oilys are moving up, wonder how the second biggest acreage holder in namibia will respond.. (second only to exxon)

200k pound trades from yesterday just popped up..

A discovery at sapote will mean 20m boe net for eco worth 100m$ and 9 billion gross prospective resources.

Wte has news flow coming via sapote-1 spud and kaiteur drilling update so might rerate soon.
On tanager-1 spud and bulletwood-1 spud the sp was above 20p and thats were a 250m and a 500m bbopd pmean targets, now we're about to spud a target of more then 1 billion bbopd right next to the oil fair way targeting multiple intervals including the santonians layers..
Exciting times ahead.

Environmental Protection Agency
Notice to the Public
An Application for Environmental Authorisation has been submitted to the
Environmental Protection Agency (EPA) for the following proposed project:
1. Esso Exploration and Production Guyana Ltd. – 12 Well Exploration and Appraisal
(E&A) Drilling Program, Canje Block, Offshore Guyana.
In accordance with Section 11(2) of the Environmental Protection Act, Cap
20:05, Laws of Guyana, the application for the project listed above has been
screened by the Agency. The Agency determined that the project will not
significantly affect the environment and is therefore, exempt from the
requirement of an Environmental Impact Assessment (EIA), in accordance
with Section 11(2) of the Environmental Protection Act, Cap 20:05.

Environmental Protection Agency
Notice to the Public
An Application for Environmental Authorisation has been submitted to the
Environmental Protection Agency (EPA) for the following proposed project:
1. Esso Exploration and Production Guyana Ltd. – 12 Well Exploration and Appraisal
(E&A) Drilling Program, Canje Block, Offshore Guyana.
In accordance with Section 11(2) of the Environmental Protection Act, Cap
20:05, Laws of Guyana, the application for the project listed above has been
screened by the Agency. The Agency determined that the project will not
significantly affect the environment and is therefore, exempt from the
requirement of an Environmental Impact Assessment (EIA), in accordance
with Section 11(2) of the Environmental Protection Act, Cap 20:05.

I love the spread, no shares to buy at these levels..

I doubt if there will be another chance to pick up wte's shares at this price..
Kaieteurs next target will be revealed next week, sapote-1 will be spudded by month end, and a new 12 wells campaign in canje to follow..
Realy looks like a once in a life time opportunity.
No dillutions needed all the way, could get over 100p easily after the first few strikes..

the mc after the placing is still a joke considering a binding agreement has been signed, i think without any progress in the other assets a 1p sp is to be expected once the f.o is completed and a rig is contracted.
the venus-1 is to be spudded in weeks, that news was enough to double the sp of gbp and is another short term catalyst for trp.
so soon enough trp will be debt free, all licenses commitments funded, a thali f.o completed and a rig contracted and venus-1 will be spudded- time to buy at the dip.

great news for wte, huge...

https://www.kaieteurnewsonline.com/2021/08/11/exxon-gears-for-new-12-well-drilling-campaign-in-canje-block-epa/

looks like eco and Ao know what they are doing....
canje is going to be huge..

https://www.kaieteurnewsonline.com/2021/08/11/exxon-gears-for-new-12-well-drilling-campaign-in-canje-block-epa/

Up 9% to 0.54 cad = 0.31p

By the petroleum agreement between RP and exxon, exxon must update about the next kaieteur target by next week and about the time frame which is no later then may 2022.

we all know i3e is a leaky ship, they were about to close a transformational deal and made sure it leaked so the sp will rise and the placing will be at the highest price possible.
some daily rns's and ii's that cant sell (holding most of the shares) supported the rise.
that was clear to me that the rise was to strong and to fast so luckily i sold at the right time.
now momentum is against the sector but once it will change it will be around the time we can expect the long waited serenity farm out, so for now i have a small holding here but around 6-8 weeks from now i plan to increase my position big time..
very attractive opportunities can already be found in the american energy sector but im still waiting to see where it goes..
256,000 covid positives in the usa at the last 24 hours tells the story...

I dont think its manipulated at all, the covid is back, restrictions are predicted all over the world, more then 100k positives a day in the usa, oil is less then 70$, all the o&g companies are down and dropping, no reason i3e should be different.
In 1-2 months it will be over, till then it can keep dropping.

The shares were added to fund the jhi deal so more shares = more exposure to short term drill.