Member Info for harel

No need for research, permits for offshore drilling cant be issued without geo survey to avoid eco demage, safety and optimize the well location.
Nothing unusual about it, though it is a sign that a drilling campaign is being planned and invested in with the survey.

Where is this jack up info is coming from?
A geo survey is good news because its requiered before any drill.

Why people mark like to a hate related post like that..
"I wouldn't even consider Israel part of the western world at all".

When the oecd will need your approval im sure they will contact you.

The dog is chaina, israeli market as one of the most stable markets in the western world (to small to affect others) is an example of the chain reaction, or should i write the chaina reaction..(:

China dropped 7% as predicted, israel as the only western market open on sunday dropped 3% and today lse will drop.
If you cant get the context there is not much i can do.

The chinis markets has been closed the last 5 days, tommorrow the big drop.
In israel the market is open on sunday, right now it opened with a big drop.
Its gonna be a hard few weeks/months..

Lets say a placing of 25m shares at 10p, so all the "city mates" will be dilluted by 20% and the company will raise 2.5m pound.
What good will it do?

big volume buys at 10p, looks like "smart" money is building position.

seems to be a manipulation.
leaky ship experience and low volumes are perfect for sp manipulation, small sells create a drop, rumors of a leak start, sell orders start to come through and there you have sp collapse, not realy matter to long term investors, even an opportunity to avg down.

then what could be leaked?
1. first thing to come to my mind was not renewing the bleo holm lease, checked it and got to the article later was posted here about the repsol plans for blake field, so not that.
2. maby the oga is about to determine that tain is not in connection with serenity, if so the risk is higher but might as well be a great buying opp.
3. if its a related to changes in the bod will not be well received.

thanks, I think you are right, have been writing out of recollection as well.
the point remains, no placing needed.
we are at a situation the market view as all or nothing, that's why every move up or down creates pressure and rumors.

don't forget total brought in QP in a give and take kind of deal and have to prove the assets value in that regard as so far both kanuku and orinduik failed to prove their potential.

the company is funded till end of next year, why would they want a placing pre farm out?
if you got nothing to say better say nothing..

Jethro should be value 0 at the moment, we can argue about the economics but that doesn't create value, the fact is that it seems at the moment that Jethro is not going to be developed, if sometime in the future Jethro channel will be a drilling target then jethro's value should be added but its clear now that the focus in orinduik will be from now on on the cretaceous layers.

the bleo holm new lease contract is about to be signed till 2030, might be a catalyst for i3e.
I think jog is not misleading in regard to their schedule, they are talking about another year or so till farm out is relevant , so I wonder what catalyst is there till then..
the numbers in jog are interesting, that is why im watching this company for 6 months now, but timing is everything and ill be waiting to buy in when ill think a farm out is due, that is the situation at i3e at the moment.

you are correct, i3e is in a much better position to farm out and very soon..
i3e's serenity 197m stoiip discovery is in connection with the tain field which is planned for development H2 by rre and repsol and now must be unitized.
repsol and rre are looking for more capacity for the bleoholm, so serenity has a near by infrastructure, an extention to the adjacent license held by the bleoholm leasers which is planned for development and half the mc of jog.
farm out for serenity is most likely to take place in Q1.

In general, both hold a fair amount of reserves, both hold 100% of the licenses, both are dependent on a farm in to move forward.
i3e's field is adjacent to existing infrastructure.
i3e development cost is about a third compare to jog.
i3e's field is in connection with tain which is planned for development by repsol and rre which is looking for an investment with added value.
i3e's mc is half of jogs.
the only advantage jog might have is that serenity needs to be appraised, not sure about jog in that regard.

Thank you,
So we have a very good porosity and a 60% recovery factor, so if 197m stoiip then 120m recoverables.

On the last rns the one thing that caught my eyes was: "The 13/23c-10 well has confirmed the strong commercial potential of the Serenity area, and reservoir model simulations demonstrate potential recovery factors above 60%."
60% porosity is a game changer in regard to recoverable reserves.
On the updated website they state:" Well 13/23c-10 encountered a 20ft thick oil-bearing sand (11ft TVT) unit at the top of the Lower Cretaceous Captain sequence. The reservoir quality was high, with porosities averaging 24.5% and oil samples, recovered by wireline, having an API of 31.5°, suggesting that they are very similar to the oil in the Tain and Blake fields."
Eather my english is to blame (good chance) or they contredict them selves.
I wrote a mail to company and got no response.