Member Info for harel

The operator of sea lion is down today due to an article about argentina again claiming that the falklands is their territory and the operations there are illegal.

The portfolio is 3.5% in kaieteur guyana through cateleya..

accordingto ratio energies this block will return to the gov. year end.

canje guyana- looks like exxon doesnt plan to advance a drilling campaign and timeline is about similar to kaieteur.

pel001 is adjucent to the sea lion discovery that will be fid in a quarter or two but that was known a year ago when jhi acquired it for 2m$ and doesnt mean the block will ever farm in ...

so maby exxon will finally decide to drill more wells after 3 dusters in canje or pel001 will be farmed out in a year~ or two but maby not and "waiting for updates" is not the case here..

there is still post hype volume here but those who want to take the chance need to know its a long term investment, price will drop back and volume will go down .

What update are you looking for?

There is no real news yet, the sea lion advancing is great but not directly, the only good thing about it is when vessels will start working on development the cost for exploration might be cheaper as the vessels are already near by, and that could make farming out pel001 more viable.

Canje can advance and can not so nothing changed in that front, so i have to agree with don, after the hype is over a pullback is due.

Be aware of those valuing prospective resources as proved resources, the block is worth atm exectly what jhi paid for it ~2m$.

Jmho

Whats to guess, every trade is both, under spot pricd is a sell, above is a buy..

Hopefully the problem is exxon which prefers to focus on stabroek, if exxon exits and thrir WI will returnto jhi and total eill take operatorship wte will multibag 10 times in a day

Do you have a link for total 's comments?

6k pounds

Last update was that the discussions are progressing, i think the share action suggest so too.

How many left in the race? Maby one but last i heard a couple of months ago was three.

Both exxon and chevron are out of the picture, the discussions are with a mid-cap.

Btw, eco is the only one who didnt ask for a one year extention due to covid while canje, kaieteur and stabroek all got an extention.

The market (as me) gives orinduik 0 value, so news from that front that comes with short term drill should double the sp..

I would say the f.o chances are 50:50 at best so im just hoping for the best but not counting on it..

"we are actively negotiating farm-out and drilling participation opportunities on our Orinduik Block in Guyana. We will update the market as those discussions progress."

The falkland block cost jhi around 1m$, they have around 10m cash and the canje block value will be revealed once exxon decide drill or exit, so if exxon exits, which seems like they will canje is 0 and if they drill then wte will multi bag..

(May)

Some news are going to land, not sure if its orinduik related or a corporate level transaction, but if its farm out news then 18p easy...

Total liquid value is ~650,000£, mc currengly at 800,000£.

The value for SH can come only from cataleya and jhi now valued almost at 0.

I expect exxons decision in regard to canje (drill or exit) in the coming weeks.

Exxon- email them for years, get to know people from the inside and you might get some answers that are not inside information yourself..

Till then you can take my word or not..

As i ssid before hammerhead will not create value for eco and exxon will not farm in.

The num. 1 catalisator for eco this year is 3b4b, num. 2 is the deeper blocks in the walvis, block 1 could be num. 3 pending results from the raihno campaign.

Orinduik still has a chance to farm out but not something to count on.

I wouldnt be surprised to see a corporate level transaction this year as well but not a short term game changer.

A well in 3b4b will be drilled Q4 at the earliest and only if all permits will be granted in time else it will be delayed to Q1 2026

Looks like tamboti not commercial