Member Info for InJamesweTrust

Imagine the 2028 timelines will be pulled forward materially, would expect seismic to be shot imminently and analysed quickly aiming for drilling in 2027.

In terms of carry, the 10% pay is well designed for Navitas to come in if they decide it is worthwhile after the seismic and gives them essentially first refusal on potentially 10% of a major asset for only $21m.

Fantastically structured deal and one the team have worked damage hard at.

Congrats to them all.

With the cost of drilling, the targets here would necessarily have to be big. Hence, 15% of whatever they might be is hugely valuable to Eco in a success case.

BP is the major that probably needs to get new reserves the quickest.

Not sure of a 4.31 RNS bought a few more this week as a trade figuring it will be pumped in the run up to PG deadline. Just a few hundred thousand though.

6 days left of his self imposed timeline.....

Lets see if he manages to deliver or squirms out with a feeble excuse

Maybe not F&M but while he and others have been posting rockets and talking about imminent M&A and definitely by end 2024 - I've publicly stated a number of times about selling here and buying elsewhere which to the average punter would have seen their investment value around 20x what it is in PRD today. That is in the last year.

For BRV post, now an extra 116m shares in issue and the company is going to cough up a share of the business for MOU-6 funding to come from somewhere else.

One week left for PG to deliver his promised divestment in his 6 month timeline. I say 6 months but he has been on the cusp of selling gas for 3 years hasn't he as he has taled about Afriquia Gaz and others.

Still curious if he fails (yet again) to deliver do people just say its ok he is nearly there (yet again) when he has strung the shareholders along taking out for 3 years, massively increasing shares in issue and taking a bonus regardless of performance every year.

There may be gas there but I still have little confidence in him delivering a sensible deal.

Seems to be moving a bit although this may just be pent up demand after the holiday weekend.

Nice to see it moving towards 60s again.

Note the Namibia O&G conference begins next week.

Another car crash interview, if he would just concentrate on company fundamentals instead of all the other pish he talks about.

Seems like a hint of delay when he mentions divestment in Q3/Q4.

What is it a week on Thursday his 6 month deadline. I'm sure we are in for a stonking RNS bdetween now then detailing how successful he has been.

I should say, I would prefer such wealth accumulates to us as shareholders but the point around stupid governments stands!!

America might belatedly be looking at Chinas belt and road initiative and thinking how to counter this. European nations should be doing likewise but are seemingly beset by Net Zero fundamentalism and institutionally blind to the continuing need for O&G to form part of the energy mix.

Looking at the Eco portfolio, a nationally sponsored Equinor equivalent could if the resources are there build a very healthy wealth fund type accumulation over the next 15-20 years. If they got the model right.

Rob

You literally have Mad in your name

I post rarely as it isnt really worth the effort. No matter how Griffiths elongates timelines and takes shareholders for granted the converted here sing his praises.

Lets see what he delivers for substantive value creation within his own 6 month deadline.

A holding RNS of jam tomorrow should mean P45.

....until the great reveal ..... tenterhooks doesn't begin to describe it

The pisitive impact on FCF for Navitas for sure is good news. Two other aspects of ipside:

1) as oft mentioned, our assets are some way distant from the Middle East, this is likely to be part of Majors investment decisions now.

2) those majors now need to increase reserves as economies begin to admit Net Zero by 2050 is difficult and economic suicide. So oil demand will remain a larger part of the mix. Hence, with increased Free Cash Flow they can spend to explore, acquire, farm in to replace the reserves and our prospects could have significant value geographically and for what can be quick time to first oil and speedy timeframe to repay investment (2-2.5yrs to first oil and 3 years to repay $7bn capital cost at $30 netback on 200k bopd).

So in 5ish years it is almost all straight to bottom line.

Yes Wallact with only potential limiting factor (subject to FID) how much Guyana signs off. Given this could be an imminent development and di risky revenue quickly from Stabroek only one would hope it is welcomed.

Lucky for us there is a proven oil system on the block with material accumulations which appears to be commercial based on Navitas analysing the info and taking a potential stake in the field.

Its not Jethro alone, its the channels and others around it which take thee accumulated total up. From CPR, best estimate:

Jethro - 199.1

Jethro KW - 151.5

Jethro Ext - 51.4

Jethro Ch - 131.2

Jethro W - 175.6

Total -- 708.8m barrels

For me the tieback to Hammerhead will be Aurituk, sits above Iatuk which is 623m barrels. Aurituk is several hundred million barrels if I recall but cannot see it on the CPR.

Some patience required here but good to see the order book has some weight. If it dropped precipitously on no news Id be buying further as the potential is fantastic across the licences

Falklands PL001 - 35% of 3bn barrels

Orinduik - 20% of JJ (1bn barrels), Hammerhead and potentially a further 5bn barrels depending on negs.

CBK1 - is it 85% of multi billion barrels

Namibia - prospective several billion barrels and 80% plus holdings

South Africa 3B/4B - ready to drill and immediate value on discovery 5.25% of 4bn barrels plus prospective with initial 800m barrel target.

As we sit next summer I envisage activity on appraisal for JJ and an exploration drill for Orinduik, a drill on PL001, 3B/4B to have been drilled and partnerships to have been inked for activity on CBK1 and the Namibian licences.

O&G can always surprise badly too but that's a pretty good opportunity set

Should say hat tip to Robin Mayes on Twitter wh shared the Reuters link on there.

Yes, with the location of Ecos licences being geopolitically beneficial and majors looking to replace reserves and add production quickly tbat bodes well for how and when developments can occur.

Should say hat tip to Robin Mayes on Twitter wh shared the Reuters link on there.

Yes, with the location of Ecos licences being geopolitically beneficial and majors looking to replace reserves and add production qu

Lots of interesting stuff tbat should be pertinent to Eco. Equinor stating they want to get from discovery to first oil in 2-3 years. That would be a fantastic timeline for Eco and its partners for say Jethro (and surrounding area)

https://www.reuters.com/business/energy/ceraweek-oil-gas-exploration-is-back-energy-giants-hunt-replenish-reserves-2026-03-27/

Dont think there were any major resolutions not already flagged for the AGM. So its just a rubber stamp.

The news we want will begin to filter through in April/May I feel but it is O&G can take a bit of time.