Member Info for harel

You are the one that kept braging how you increase your position from 12p to 6-8p until you cant buy no more without being an insider... Lol

If you want a reliable source of information just follow aoi.

As quiet as things around here, in the back stage things are brewing..

A 12 wells campaign on canje (or more likely three and then results dependant) is a BIG deal!!!

Jhi and mid atlantic must prepare themselves for funding.

My GUESS and i have no inside information, is a triple RTO.

Once the permit is recieved and the timeline is out i think the most logical thing to do is consolidate and go public.

I believe mid atlantic and jhi will merge and on an optimistic scenario rto with wte to raise the funds for the campaign.

Jmho

Gla

I also think mid-year is a good guess, my guess is that the permit for the 12 wells should be recieved in the next few weeks and only then we might get more information in regard to the time table.

such news can rocket the sp..

jmho

My eyes are on mangetti-1 to the north of venus, results expected in weeks...

Cash position is enough to meet expences for the next 5 years, if they farm out they will drill and if not they wont.

No funds needed.

If its gonna be a cold winter in europe the gas price will rocket and the sp as well, if not then its all about growth in bbopd and in net profit/divi's.

The new bidders south of orinduik will have a huge bonus farming in orinduik, a lot of information, 3d seismic etc.

10's of millions$ that have been invested could be available by f.i.

I think fangtouth deep which is up for developement by exxon is the best hint for the quality of the oil in the deeper layers in orinduik, that is probably why the two southern blocks to orinduik were bidded.

They are allways spot on.

check this article, great interest in guyana's bidding round yet only 8 blocks were bidded including the two blocks south of orinduik, looks good.

Orinduik deal approved..

https://caribbean.loopnews.com/content/guyana-gives-approval-uk-oil-company-sell-its-stake-orinduik?fbclid=IwAR3eLFwEhTgC5noDULKUZVhQirE0VRxZKMRWSqpmKKuvtdVBdb6Rkz27XWk

No discoveries are guranteed, it is a great asset and only the best blocks can farm out these days.

Orinduik is another jewel, lets wait and see if they can turn it in to cash..

Also, eco needs to farm out for a carry, not for more cash commitments.

Https://www.upstreamonline.com/exploration/partner-in-huge-namibia-oil-discovery-heads-for-exit-could-stake-be-worth-1-7-billion-/2-1-1502159

Africa oil is expecting a huge dividend of several hundred dollars, makes sense in regard to the option of orinduik farm in and the talk of a nearing 3b wells, great for eco, results on venus flow test expected early september...

It doesnt affect eco enough, a great deal for argos but until jhi will go public the argos investors cant sell.

All sorted out before commiting, africa oil will farm in' probably take 50% for a partial carry or merge to eco, they already took 6.25% of the 3b block from eco to allow this deal and are the major holder of eco

Gil said a corporate level deal is expected by years end and as i said i believe no deal will be made before a farm out is complete, for which there is no deadline' gil said a walvis farm out is immenent as well but instead of a farm out which most likely was with m&p, they got no offers and bailed.

about sintana please pay more attention to whats on hand, its not just galp..

I also dont think sintana would want to merge with eco, and at current sp that would delute eco big time, eco would merge only after a farm out.

But touchstone which is one of the biggest shareholder of eco is the biggest shareholder in sintana.

Same price eco paid a few months ago, the reason for selling is a corporate level deal needs financing.

Personally i find it hard to believe m&p will drill in the walvis this year as they are over exposed, but i see in all the last presentations around a reminder of those wells...

Gil did said a walvis farmout with a major is imminent, so my best guess its m&p..

Right adjucent to eco's deep sea blocks bodes well and an basin opener discovery in 6-9 months will be a game changer.