Member Info for harel

I dont expect too much from this well, as we saw in mangetti soi didnt rise on thd discovery they also didnt fall on the duster..

There is time here, exxon will update about its canje plans in 3 months, i think they will exit, if not it will be great but if so and looks like they will then new lows will follow..

Trp has 19m$ and no debt.

50% of thali which was valued at 30m$ in the farm out so thats dhould be vslued at 15m$.

60% of the walvis block thst is valued 11.5m$ by the farmout.

And ghe sa block which ill valud at 0 for now.

All together is a 45m$ valuation , hslf~ cash.

Trp has catslysts coming short term, securing a rig for the njom well

Then drilling, and the chevron well next door in the walvis prrhaps q4..

0.08 should be in the pocket h1 2025.

Jmho

Yesterday's ExxonMobil Investor Day Webcast indicates that the Hammerhead 'Heavier Oil' Development is progressing - Neil Chapman stated that Hammerhead oil range was 15-24 deg API!

The cost is around 100m$, and gil stated that if they wont farm out they will exit.

I was happy to see that the 4's well in hammerhead is right on the orinduik boarder, that was news to me...

· Orinduik Block - Farm-down process underway to support drilling of Cretaceous commitment well; neighbouring 2018 Hammerhead Discovery has recently been announced by Stabroek operator, ExxonMobil, as the 7th development on Stabroek block, followed by the drilling of Hammerhead-4 appraisal well proximal to Orinduik block boundary

Chevron believes there is oil there, thats why they are investing 12.5m$ in direct payment and 35m$ in seismic after which they will decide if its drill worthy, its a shame they didnt consult with brex earlier, he could have saved them the effort with his crystal ball...

One would wonder if the hammerhead well has an affect on the orinduik farm out..

Results already known to exxon..

Briggs, what news are you talking about?

This is no news, this is a confirmation of well known old news that if would be cancelled its back to 2p.

As i wrote a week ago, on release its a one day rise and back to business as usual.

Hopefully one and a half years till the real news of the 3d results.

Https://www.africa-energy.com/news-centre/article/eco-atlantic-opens-walvis-basin-farm-out-discussions

The confirmation is already priced in so dont expect something more then a daily increase of a few percent..

Then the share price will keep dropping slowly due to lack of news, then, in about two quarters an rns of the launch of the 3d seismic and another weekly increase of a few percent or a bit more and a wait of 1 year or more till chevron completes processing the data and the wait to a drill date begins.

That is when things will be interesting here.

Nothing realy

Until you wake up one day and it doubles..

The only rns to expect is the approval of the f.o agreement, thats positive but a "No news", just birocracy.. So what with the pump..

Best case scenario, approval granted, a seismic is launched H1 2025, cpr mid 2026, a well is drilled 2027.

1. I3e didnt care about its shareholders from the beggining so No surprise..

2. I believe the price will go up, hence the leak.

3.im just happy to conclude the deal and finish with this bad investment.

I have been providing a service to the public on their stockhouse forum since the kaya-1 release at 4$ a share.

Got attacked constantly by the herd..

Now at 0.165$ they are done..

No volume ppl cant sell..

Dont forget jethro extends to stabroek as well.

only by partnering with exxon jethro could be developed or tie in..

not sure but my assumption is that in order to prove anextension of hammerhead eco needs to drill on the boarder, f its 15m barrels its not economical, if its 5-10% it is, so its not that simple to leverage on this extension..

We all have 20% more interest in eco and same exposure to 3b/4b in a personal perspective, but we all have 20% more interest in the other assets for free.

this will hold value for pi's once other assets start moving forward, and keeps the same upside in 3b/4b.

second advantage, knowing aoi is looking to exit from its eco holding was a heavy weight on the sp, now its out the sp can fly once news lands.....

good to hear again and again about an active farm out process, gil knows to sill deals, so a farm out will be a game changer while a sa drill time line keeps this investment at ~50% upside..

3lb, trump wants to take care of his oiler supporters, he said the first thing hell do is cut gov aide to electric cars and renewables...

Jhi, wte's main investee, is advancing jn two fronts, in canje exxon just confirmed its commitment to drill and shouldnt be long before its 12 wells application will be approved.. and in the fslklands, where jhi purchased 100% of pl001 from argos, things are hitting up!!!! Fid for sea lion is due very soon...

https://www.offshore-energy.biz/sea-lion-ready-to-roar-as-next-big-thing-once-falkland-islands-gives-the-all-clear/