Member Info for harel

funny discussion, all of you were counting the money youll earn on this dog a few weeks ago and now you are selling the shell.
the naive investors thought that beginning a farmout process means a farmout is secured, its not.
they will run out of money before they farmout, they will raise through equity and dilute the sh, but they already completed their obligations to move to the next phase so they will get a two years extension which means they have around two and a half years to farm out.

They didnt drill for oil but to test and prove hydrocarbon system, they even havent started a 2d seismic survey.

methink you are right with your 16p pre spud target but i think the stena will spud at the end of may/start of june, so almost two month to go..

They have to start drilling by september or the licence expires, they already used the covid card to extend the expiration date by one year, might get another one and might not.

Barrels of oil equivalent includes gas.
If well take half as you suggest, 50m boe net is about 150-200m$.

The begining of the Ewt operations should be rns'd any day, if rbd will end up with 100m 2p boe net of high quality onshore oil adjucent to existing infrostructure it will be reasonable to value it at 3-4$ a barrel.

the carron is equipped with a managed pressure drilling (mpd), might be the subject for maintenance then.

why, what did he miss? a higher price?

couldnt understand nothing from this article, they say the stena will spud jabillo this week, then they quote: ” ExxonMobil Guyana Public and Government Affairs Advisor, Janelle Persaud said in a comment to OilNOW on Tuesday. “After a brief period of maintenance, the Stena Carron is expected to continue drilling of the Koebi-1 well in the Stabroek block.”

as long as the sp keeps above 8p between hypes were good..

Its a 400m boe target (by tullow), they will test two different intervals, but dont forget its a complete wildcat with 34% cos.
Wte is not realy exposed to that well with its minor interest in RP but a discovery rns might bring some buyers.

Has arrived to guyana and will commence appraisal drilling at the urau-1 this month.

I think you post on the wrong board, looking at all the last posts i see only educated and informative posts, didnt see even one poster complainig about the results or of being fulled by the company.
Your post on the other hand sounds exactly like that, a post to make you feel better by being the grownup, the "macro" investor..
This board hosts some of the better researchers i read on the lse forums, please dont "avg. Us down"..

Got some info from the board:

"Unfortunately, though the well confirmed the presence of the petroleum system at Bulletwood-1 and encountered quality reservoirs and hydrocarbons - it's a non-commercial outcome. Based upon the limited results disclosure to date it seems likely that Bulletwood-1 failed for prospect specific reasons i.e. failure of the stratigraphic trap. 

We understand the Canje JV is ploughing ahead with the scheduled drilling of two additional, independent prospects over the coming months - Jabillo-1 (a billion barrel basin floor fan prospect) using the Stena Carron Drillship and Sapote-1 using the Stena DrillMax Drillship."

The six's drillship will arrive by midyear, so i think thats when the next well will be drilled, exxon will process the data and will probably conclude the target selection by may, i think sapote is not affected as it targets dipper layers.

You cant loose at this price, on sapote/jabillo (1billion boe) spud youll be at the 20's even if bulletwood was a duster which obviously is not.
Topped up earlier as well..

Page 28

https://corporate.exxonmobil.com/-/media/Global/Files/investor-relations/analyst-meetings/2021-ExxonMobil-Investor-Day.pdf

"quality reservoirs and hydrocarbon identified in first wells in canje and kayeteur blocks".

My target is the f.o, in till they deliver..