Member Info for hereandnow

It's an excellent piece of business, gaining full exposure to a second block off shore Guyana which Exxon is going to drill multiple exploration wells; Huge amount of sunk costs have gone into this block already from. seismic and drilling, v valuable data.
And what a fabulous cash bonus...$15.7m into the kitty which pays for the Gazzania well in H2....no placing required.
Now have exposure to 4/5 wells over the next 20 months or so.
Has any junior got a better set of O&G Exploration assets?
2 blocks off shore Guyana, 2 off shore S Africa, 4 off shore Namibia. All worked up with 50-100m $ spent on seismics and interpretation . Multiple drill ready prospects.
Now we have the Venus and Graff discoveries, we have multiple majors all over us wanting a piece of the action. I expect to see a lot more M&A activity

Looks like the nuclear deal will be signed in the next few days. If so, that 24m p/a contract could be back on https://polaris.brighterir.com/public/westminster_group_plc/news/rns/story/rm56j9w

Great to see all the familiar faces here, all wasting their life away

Yes!

On no new news!

How about CPO price spiking to $1900!

Nothing to do with a tip sheet. the fundamentals just got a whole lot better

Follow the link to the conference, I've highlighted the times to watch......Orange basin is so so so hot
https://twitter.com/Robin25461631/status/1499285754417188866

SeaPulse, Seacrest.....a Robert Friedland backed entity

Africa Oil, Energy......Lundin Group

Both Commodity 'blue bloods'............both heavily invested in ECO

Great news, cracking on , game on folks.

ARahim..........utterly clueless, sorry fella.

They have an option for another well; I'm pretty certain they will drill another well; A step out or another prospect on the block

Whoops , wrong link!

https://www.sb1menergyconference.com/

https://www.upstreamonline.com/exploration/whats-next-for-orange-basin-after-venus-and-graff-/2-1-1174995

Gil Holzman and Keith Hill presenting this week Thursday 13.45 3rd march. you can register on the above link

Wood McKenzie

It's got 3 billion boe recoverable according to Wood McKenzie

Got to be the biggest discovery worldwide for years

https://www.equivest.capital/post/eco-atlantic-most-undervalued-oil-exploration-play-of-22

These guys started following me on twitter which lead to me discovering this nice research note they compiled recently...seems they are fans!

https://www.bloomberg.com/news/articles/2022-02-04/shell-finds-oil-in-highly-anticipated-offshore-namibia-field

This is the best news for O&G off shore Namibia in its entire history. 300m boe. wild cat exploration, directly analogous to Eco's assets. They have decided to drill again...watch the rig, I think they will go again straight away. Discovery in secondary and primary targets...it doesn't get any better

https://www.namcor.com.na/wp-content/uploads/2022/02/NAMCOR-Press-Release-The-Graff-1-Deep-sea-discovery-_Final_3_Feb_2022.pdf

That is the best news in 10 years re. Namibia O&G assets...particularly following the Azinam transaction

Basin opener . Acreage and money spent working up the assets is approx. the below

Namibia blocks 22,500 sqkm
2D and 3D G&G spent over $20m
Resourc- 2.5bn bbls
Cooper permitted for drilling

South Africa blocks ~ 25,000 skqm
2D 3D G&G spent - $30m
Resource - 2.3bn bbls
2B drilling in H2. 300m bbls

Phoebus...trade the hype, hold the quality. Those micro caps draw punters, v liquid. ECO so far ahead of the others...by so many metrics

https://oilprice.com/Energy/Energy-General/Shell-Is-Betting-Big-On-Namibias-Oil-Boom.html

Yep, that is very encouraging news. Major discovery outside the Stabroek block on the same slope and water depth as Orinduik.

Waiting on Namibia detailed news re. Graff well. Venus well now 60 days and counting.

ECO and partners drilling one well off shore South Africa in H2. Orinduik decision making process coming to a head. We could see a well being drilled on both sides of the Atlantic over the next 12 months.......very very exciting.

The fuss ECO will get over the next 6 months leading up into the drilling of B2 could easily see us north of 50p before any drill bit hits the sea floor.