Member Info for harel

https://oilnow.gy/featured/hess-increased-stake-in-kaieteur-block-points-to-expectation-of-future-discoveries-rystad-energy/

Got some info from the bod in regard to sapote:

"it is anticipated that Jabillo-1 will be followed by the spudding of the Sapote-1 well in July/August using the Stena DrillMAX drillship. Sapote, which is scheduled to be drilled independent of the outcome at Jabillo-1, is also a giant prospect, located in the southeast of the Canje Block, with potentially multiple target horizons."

Looks like we are" hedged" as sapote will commence right after jabillo..

There is no such thing as sell or buy, every trade is both, if under the spot price its red if its above its blue.
Very big volume, looks good!!
Under the radar big time!!!
Btw, the hydrocarbon system, proven from carapa, is 27°api with less then 1° sulpher.
Show me the moneyyyy.....
Gla

Just got a respond from the bod in regard to jabillo timeframes: "Jabillo is a huge prospect (circa 1 bn bbls) - and because of the section already drilled in the well - we anticipate that the drilling should reach the target Maastrichtian-Campanian reservoir fairly quickly - most likely in late June/early July."

Cant believe wte is still under the radar..

Sorry don, i forgot you are the only one with a crystal ball..
This is you just weeks ago: "we are at the start of a push towards 16p ahead of drilling resuming next month .Easy 30% gain to be had for the bold."
Btw, not like you, i gave my target price, not a prediction, and added "by my view" and explained the logic.

I expect atleast 40p on discovery at jabillo, so the upside (250%) is to big to hold the sp at 12p, 100-150% is the normal upside and if considering that right after jabillo theres a bigger target and closer to the stabroek discoveries, at this price there is no down side even on a dry hole scenario.
So 18p is the target price by my view for the next few weeks.
Gla

They are funded for the first drill or two as it is, we are waiting for fundamentals here.
The ipo will create value.

is due this week to finally review the reprocessed data and hopefully target selection.
any news of the targets selected or time frames for drilling will ignite a rerate to the 30-40's.
tullow has completed its refinancing last week so hold on to your shares, eco is going to rocket very soon, might be days, might be weeks but its coming soon..
under the radar!!!!!

Agree, the hold up is only due to the re financing of tlw, that will be completed this month and right after the jv will be meeting to review the reprocessed data, so we might get a re rating update later this month or a few weeks after but even july or august would be great as the re rate, by my view, will take the sp to the 40's-50's, a 100% move.
Gil also mantioned on the mail that they are aiming for the drilling campaign to commence early 2022.

Got a respond from gil holzman, in regard to the target selection that was his answer- "The JV is currently reprocessing the entire 3D data set in order to enhance and better define drilling targets, We have an opscom to review the progress later this month. To be honest we quite confident in our targets already".

Harel

Tullow- Tullow Oil plc launches an offering of $1,800,000,000 Senior Secured Notes due 2026 and receives $600,000,000 of commitments for a Revolving Credit Facility.

The target selection, due by mid year, will ignite the re-rate to the 40's, assuming the campaign will be scheduled by year end/early 2022.

On jethro the sp was 70p on spud and that was a 250m boe target, the next target could be 500-750m boe so taking 70p on spud is conservative and with oil price expected to rise by year end and solear to go ipo, and namibia assets just got a 10 years extension, eco is at a rare steal price that can explode any day now with a tlw f.o or the release of the target selection and time frames.

Gla

https://marad.gov.gy/wp-content/uploads/2021/04/Notice-To-Mariners-41-of-2021-1.pdf

exxon is obligated by its contract with RP to take a final decision of a second well in kaieteur or relinquish its interest in the block 9 months after the tanager-1 results, that means by the 17.8.21.

looking at the new kaieteur cpr, there are 3 key areas- one at the north, one at the sw where the matrichian discovery is and where KF has a 400m boe at the matrichian interval and the se where jabillo-1 will be drilled and might extends to kaieteur.

i believe exxon would like to complete the jabillo-1 drill before they need to decide which prospect they choose, in order to do that they need to spud at the beginning of june at the latest.

the plan was to do spud by the end of may but that time frame didnt take in account the B-1 operations.

i hope they will go for jabillo before kobei-1 for the above reasons and spud right after the B-1 ops complete.

From oilnow:

"ExxonMobil said in March Bulletwood-1 encountered quality reservoirs but non-commercial hydrocarbons. “Bulletwood-1, the first well in the Canje block has confirmed our seismic interpretation of the geology and shown evidence of non-commercial hydrocarbons,” ExxonMobil Guyana Public and Government Affairs Advisor, Janelle Persaud had said. OilNOW understands that the current drilling operations at Bulletwood-1 is to wrap up work at the well site."

Just got an email response from the company, looks like the stena couldnt complete the p&a at b-1 due to pressure issues and now will finish the job and move on to kobei-1.
Cant understand why it should take six weeks, if it will take that long then jabillo will be spud around august.

A re-entry would serve us well, any hydrocarbon discovered would re rate wte, and if not then no drop is expected, it would be a "free" extra well with no down side potential.
Lets see what its all about..

Not the same coordinates.
Jabillo will spud early june.

bishop, i wasnt aiming at you but at the herd that came in prior to the 2d release.
dnd, it is about timing, i agree with you it will be pumped prior to any raise, probably right after moving to the next phase..

"Under the terms of the Petroleum Agreement for PEL0094 signed in September 2018, the four year Initial Exploration Period was split into two sub-periods of two years each, with the first sub-period ending in September 2020. The amendment to PEL0094 agreed by the Ministry gives Global a further year to fulfil a modified work commitment, after which Global may elect to enter the next licence sub-period in September 2021."

they have already completed their first work commitment, they can move on to the next phase and will have 2 years to farm out for a 3d carry.

if that is not the case then its a dead dog but as i understand it is..

My guess is they got kobei-1 and bulletwood-1 mixed up..