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More likelynin 2 weeks or so when there is a major conference in Namibia.

Imagine there will be interested parties for Block1 as well as the Namibian blocks in attendance.

Https://www.harbourenergy.com/media/5lfcigq5/231221-transformational-acquisition-of-wintershall-dea-asset-portfolio-presentation-vfinal.pdf

Where we are carried and assets could be producing, a handy reminder here of what that can be worth to an acquiring company in terms of what they pay for production assets/boe reserves.

Given the legislative impetus is beginning to build, the distinction between exploration and production is likely to be too tangential to stop work that can have such a meaningful economic impact. The fishing communities talk of their socio-economic challenges - a discovery clearly resolves much of that while potentially providing gainful employment.

The Minister himself has said words to effect there is a larger national economic interest to be considered. A very pleasant change of tone.

The JHI deal doesn't complete until Q3 unless I'm mistaken. Hence, nobody is selling shares from JHI yet.

Https://www.navitaspet.com/investor-relation/

Again, highly recommend the narrative from Ian Ramsay 16mins to link posted last week.

Hi Marvin,

Not sure it is over hyped/priced as you say. We will begin to know more on drilling timelines and the extent of what we might retain in Guyana soon.

In SA govt are pushing to get drilling commenced it would seem.

In Namibia Id expect a farm out early in Q2 or some analysis activity.

Hence, we could have within 12 months:

A drill on 3B/4B - 42m barrels net for Nayla and c.200m more on licence

A drill on JJ to appraise and push on to FEED and FID. The commercial work on viability and Exxon work on HH means FEED could be relatively swift.

Drilling in PL001 to confirm and appraise so FEED can commence.

That is 3 high impact drills 2 of which Eco would retain through to production and the 3rd (3B/4B id expect to be sold to Total in a success case) would fund FEED/FID obligations if required.

Navitas call suggested production on PL001 in 2031, Id expect JJ production by 2029 and 3B/4B could be drilled and sold by end of the year.

Each of the 2 represent hundreds of millions of barrels net to Eco.

These are gross sales right with, as others have alluded to higher op costs for swabbing and increased cap ex for bew wells.

Like to read widely on the market and say for instance if a retailer reports they report on like for like sales and EBITDA so that you can differentiate adding cashflow negative revenue from new stores and ensure a degree of cost discipline.

So, on a net basis interested to know what accrue to PRD and forecasts with and without ongoing disruption from Iran.

While I skimmed the RNS wonder if anyone can point me to where he mentions ITR or progress with (partial) divestment of Morocco?

Surprising start to the morning that made me do a double take when I first saw SP. However, as mentioned on any number of fronts there is great potential here with news to flow in coming weeks.

That was my general point Mirasol, many prospects and Navitas in their presentation are sufficiently confident that their Plan A is to move the Aoka Mizu to PL001 as FPSO in 2031 from SeaLion. They have show their ability to deliver at pace and it is an exciting addition to an already extensive portfolio of strong asset potential.

Yes, Im sure it will be great for Ras Laffan too if Trump starts breaking international law and bombing civilian infrastructure. Believe he has bemoaned the same behaviours of Putin for Ukraine.

Interesting that two of his biggest actions favour Putin (stopping providing funding and arms to Ukraine) and invading Iran allows him to take Sanctuons off Russian oil - but look away at any mention of corruption or Kompromat

Interesting too he has caved to Netanyahu on Iran amid rumours Epstein was a Mossad plant/agent and the similar rumours of redacted files hat Ive read allege Trump involvement.

This nutcase is taking the world to the brink

Mira

If a major wants tk come in for gas great, if not I don't sweat it as haven't counted it.

Think right before Ian speaks there os a side showing 1.4bn barrels for PL001 so even id no gas, Ecos share of that is plenty valuable.

They believe the carry is enough to drill and appraise as rig will be there for Sealion drilling now FID has been taken so no Mob/Demob.

Be interesting as the year unwind to see timings of drill activity in Guyana and Falklands.

Could be talking 3bn+ barrels of discivery and appraisal which Eco would have 20-35% of by mid 2027. With a partner who has the FCF to develop too.

What price the share then.

Mira - you could probably lose the Sol from your name as you're hardly a ray of light.

Ian Ramsay the Navitas speaker seems fairly convinced around the presence of gas and the structure moving being within PL001.

Think someone mentioned earlier Giden Tadmor the CEO of Navitas said a Major will partner with them on the licence and referenced the gas.

However, I'm sure you know better than these guys who have built a $5bn + business calculating how to invest in O&G and extract challenging assets.

Have you even listened to the presentation?

Golden

Agree this may happen but for the gas. Think there is already a carry for JHI (recovered from revenues) for PL001 on initial exploration for $14m so in the announcement Eco indicated drilling and appraisal was not expected to cost anything.

My numbers below include only one development of limited size. The block through in CPR has 3.1bn prospective BOE plus the Gas discovery.

Hence fairly comfortable in event of discovery and FID the numbers stated may be achievable IMO

Mirasol

Listen to the presentation from 16 minutes and you may understand. Where did I mention Sealion I talked about Pl001.

Justathought

Think they will drill it quickly so they can uf oil is found begin FEED eith a view to FID and production in 2031.

So what he said was the Aoka Mizu will move to PL001 in 2031 all being well.

Thats 60k bopd production of which Eco has 35% so around 21k bopd plus gas daily net to Eco in 5yrs or less.

$30 per barrel is $600k a day so $210m p.a. before any of 3B/4B, CBK1, Guyana and Namibia are even considered.

Just over 3 weeks for PG to shock us all with the amazing deal he has cooked up in his 6 month timeline.

When was that ITR due again.

Have asked it many times - if he fails yet again to deliver how do people feel just say oh well let's give him another 6 months? In reality how many years as he talked about monetisation for now?

When we're they meant to be selling gas at the wellhead again?

Hope he surprises me but have little faith in his ability to deliver.

Excellent read hereandnow - it does seem like there is quite a stack of news to be confirmed and unpacked as the year progresses and it seems to be pointing in a very favourable direction for Eco.

Even before the crazy interventions in Iran and resultant damage to oil infrastructure and assumptions around safe passage and jurisdictions to operate in. Again, very favourable it seems for Eco.

If rhey can get $1.5bn in cash for Shenandoah then with RBL they can probably achieve $4.5bn+ of funding for work required there and elsewhere i addditon to the FCF Shenandoah is generating which Id reckon is $1.6bn a year or more.

In 2 years they can expect $1bn+ FCF from Sealion too.

Cant translate from the Hebrew.

However the phrase around how PL001 represents exciting exploration for Navitas and that a major will farm in to Falklands is superb. Timings will be interesting but again looks like a super piece of business and great continued work with the (deepening) partnership.

In a few months, we could be looking at imminent drills in SA, Falklands, Guyana as well as a FID drill in Guyana.

Not to mention farm outs in Block 1 CBK and Namibia which I think we may see in course of 2026 also.

People will take profit at different price points, we are not far off this being a 10x return for some from the lows.

For me, still a good bit of running room before any top slice needs to be considered.