Member Info for harel

On the investor webcast john was asked when results are due (at the end), he said "its not definite" and the one the guy that asked said "so by years end", not john hess.

released its 3Q results,
venus-1 delayed for H1 2021.

hopefully, helped him get rid of 400000 shares just this week...

i think you should appreciate the business model of this company, while i see other small cap trying to run to value taking risks that put SH money on the line, this company is building its production base first and when they get to 6000 bbopd and poo will be at the 50's they will have the cash flow to start the risky exploration games looking for the big upside without risking SH money.

Yet gbp is moving the other direction on a "big volume" trades, looks like some one is loading off.
Gbp was at 1p and less most of the post covid then moved up on a hype to 1.6p, was diluted but kept its market cap at 0.8, and might return to the old 1p at todays 0.5-0.6p.

You bought from me..
I wanted to buy but made a mistake and pressed sell..

sure?
cant see it on level 2?

strangely my earlier post vanished but the fact remains, we are now officially a target for majors.
with total proving the hydrocarbon system to the west and shell going full force to proving the system to the east and in the middle trp's acreage with the channels going through the block, its just a matter of time for a transformational news.

https://oilnow.gy/news/shell-farms-into-south-africa-deepwater-acreage/

https://oilnow.gy/news/shell-farms-into-south-africa-deepwater-acreage/

Shell has farmed in to South African deepwater exploration blocks days after Total announced a second gas and condensate discovery nearby, as interest grows in a potential new gas condensate hub off the country’s south coast, Shell and partner company Africa Oil said Nov. 4.

Shell is purchasing 50% stakes and the right to operate the Transkei and Algoa blocks, the latter located in the same basin as Total’s 2019 Brulpadda discovery and its October Luiperd discovery, Vancouver-based Africa Oil said in a statement. Africa Oil added it is a 31% shareholder in privately owned explorer Impact Oil & Gas, with which Shell has signed the farm-in agreements.

*if exxon wouldnt relinquished its holdings before the luiperd spud in the adjacent block we might have had big news this morning, will have to wait for the next major to join in this basin.

https://event.webinarjam.com/register/744/zyyogsxvg?j=599387&sfmc_sub=208826327&l=86_HTML&u=30007866&mid=100009383&jb=89

Total is not moving forward with the drilling campaign, apperently due to the magnitude of the find and SA demand they are moving to fid, no appraisals needed!

Dont take these rumours seiously!

jog has a valuable asset and no debt so the risk is hedged.
we're in a time that no company is looking for development and exploration investments, companies who have the cash and want to expend are buying producing assets for 10 cents on a dollar so all pre-covid plans are off, not just for jog but for all the energy sector world wide except hot spots like guyana and even at guyana the farm out of some world class blocks that was ready to be inked on june were delayed.
the jog assets will be relevant for farm out once poo will recover (by my view).

at 0.72p

the third party company is probably viaro,
viaro is bidding for the exxon north see asset sell along with 50 companies so they might wait for that to close before commiting.

Big volume buys after hours again 0.43p.

just saw that, they walked away a few months ago before luiperd spud, the block in operated by impact:
"In July, Exxon Mobil suffered a $1.1 billion quarterly loss due to much weaker energy demand amid the pandemic. It is planning large spending cuts, including layoffs across the world, Business Insider first reported.
Future investment opportunities in South Africa will be evaluated as they arise.”
"Impact sees significant exploration potential in South Africa, in particular in the Transkei and Algoa areas, where recent data has allowed us to map some very exciting leads,” the company’s exploration director Philip Birch said."

to better understand what we have in SA you need to understand the geology.
the outeniqua basin stretches from totals acreage in the west to trp's acreage and on to the east.
the slope play where total drilled brulpadda and luiperd is being targeted by exxon, total and statoil in the adjacent block to the east and going through trp's block where 2d prospects have already been identified.
were in a hotspot with a well funded partner sitting on a time bomb ready to explode as soon as this basin will be further derisked and even before with a farm out and a 3d seismic survey.

I expect some PR till monday.

it doesnt matter if funding is completed tomorrow or Q1, once funding is complete the sp has a minimum value of 0.01p and with njonji success were talking multiples and that is without considering the impact of a f.o in SA that was about to be inked just before covid striked and now is back to the front stage, we have total on one side with world class discoveries and exxon on the other side.
the venus-1 will spud hopefully by year end and might create value to the namibia acreage, any deal (eco/gbp/trp) holds great upside, so its the right time to start accumulating as all of the above are near term events.
I'm in contact with the bod for two years now after being involved in an israeli company f/o talks that failed and i got the impression that its only a matter of time till funding njonji is complete, lets just wait for the second wave to be over and poo to go back to the 40's.