Member Info for harel

Total taking over is the best news eco could expect, total has the best knowledge of the geology and this farm in proves this block is all we hoped for.

With 2 funded wells and 20m$ coming its way eco is back in the game.

this is not 6.25% of orinduik for example, this block is 10 orinduiks..

Eco still got its dreams to chase with 100% at orinduik, and 80% in 4 blocks in the walvis.

Eco has just been derisked as an investment and drilling decision, rig contract, spudding and discovering oil are all catalysts to expect in the near-medium future, with more farm outs as the big bonus .

All together this is s very happy day for eco atlantic.

Makes sense, now all we have to do is hope they will spud because no funding in place as for now..

I can only guess they will wait for news to sell on high volume and at a better price..

But divorce is never nice to watch.. (;

Was a joke, wte owns a few shares in a company that holds shares in a compsny that has 10% interest in the well.

But this rally may show us what real news will look like that may triggrr 100-200% rally and real news are immenent and its the approval of the 12 wells campaign submitted by exxon in canje block where wte holds 7% of jhi which has 17.5% interest in the block and/or a farm out deal in kaieteur where wte holds 7% in cataleya which holds 50% of the block..

Surprised?

The company wte holds some shares in- africa oil, didnt rise, why would wte should rise?

Galp (80%, operator), together with its partners NAMCOR and Custos (10% each), has successfully drilled, cored, and logged a deeper target (AVO-2) of the Mopane-1X well in block PEL83.

In AVO-2, Galp has also discovered a significant column of light oil in reservoir-bearing sands of high quality.

The rig is expected to be relocated to the Mopane-2X well location to evaluate the extent of the Mopane discoveries, after which a Drill Stem Test (DST) is expected to be performed in Mopane-1X.

Galp will continue to analyse the acquired data during the coming weeks to assess the commerciality of the discoveries.

Ill add that predrill estimates were 10 billion boiip, sintana is carried through production..

The 3d seismic they revealed cover a small fraction at the north of the block where the total of all the prospects identified sums to 2 billion barrels.

Just taking the orange basin total signed a contract for a miltipule exploration wells in blocks 5,6,7 to begin in the second quarter.

Pel90 is just next to venus while mangetti-1's results checking an extension up to the border of pel90 are due in weeks, operated by chevron and a campaign is schedule to the 4th quarter, prl87 holds the biggest structure in the basin 4 times bigger then venus and on trend, pel83 is at an advanced stage of thr first well out of two targeting a 10 billion complex and many more are in different stages of work programs.

"The last golden block to be explored"???

Funny observation..

I dont think the total exit is a big deal, with 100% interest f.o should be easier and after the bidround results it looks like there is interest in the slope, also keith commented on that and he is a bit more credible.

In regard to 3b/4b, aoi are talking about end of the 1st quarter then i guesstimate around the 2nd to farm out.

Watch sintana, in a month their warrants expire and sintana will raise 23m$ which with another 3 carried wells will fund the next 10 wells.

The warrants keep the sp at 100% upside easy short term.

Sintana is carried all the way through production!!! A 150m$ carry....

Https://www.malcysblog.com/2024/01/oil-price-namibia-galp-eco-impact-sintana-trinity-molecular/

The drilling operations at Mopane-1X will proceed to explore deeper targets. Upon completion, the rig will be relocated to the Mopane-2X location to further evaluate the extent of the Mopane discovery.

My spies tell me that this is a ‘beast’ of a discovery which has truly blown the model, for those in the Orange Basin a bit of ‘nearology’ never did any harm and for the likes of Eco Atlantic must have been music to their ears. 

There are two interesting features for investors to bear in mind, one is that Sintana Energy, quoted on the TSX-V is carried by Galp and has a 5% indirect interest in this find. The second is that yesterday saw this from Impact Oil.

If you want to tell yourself stories please do, but they can not fund an asset which includes reserves by a rbl based debt, they will need to buy it and then take a rbl based debt to develope it.

no money here for pi's!!!! they will dilute you 80-90% if they will bring a killer deal, then it will drop another 50% and if the deal is good it will be the time to buy and wait.

seen it before!!!!!

Any trade at a lower price then the spot price is a sell!

You do know that for rbl (reserves based loan) financing you need reserves..

Not exactly rumours, an official rns of oil and gas shows and moving forward to data acquisition 0- well test.

Indeed looking great, there is a small cap under the radar involved- sintana energy holding 5-7.5% interest in the 3 most exciting blocks in the orange basin, pel83 with 2 wells campaign all carried by galp including developement!!! Pel 87 with the saturn prospect 6 times bigger then venus and on trend carried by woodside and another jewl, pel90 operated by chevron miles from venus with 10 wells permit applied, drilling later this year first well carried.

Looks like the best investment in the basin, trading in canada.

Deramp?

Have seen this projects before, in the best case scenario they come with a deal to the ii's for funding the deal and diluting up to 90% the current shareholders...

take i3e for example with their first canadian deal with toscana.

Still very cheap, my biggest holding.

And the winner is.. (if indeed its a discovery) is sintana energy, a small cap holding 5-7.5% interest in the 3 most exciting blocks in the orange basin, pel83 with 2 wells campaign all carried by galp including developement!!! Pel 87 with the saturn prospect 6 times bigger then venus and on trend carried by woodside and another jewl, pel90 operated by chevron miles from venus with 10 wells permit applied, drilling later this year first well carried.