Member Info for itsyou

*Eastern, not western

I used the co-ordinates and created the following image, which shows the area of the survey, which appears to go up to the western border of Orinduik

https://ibb.co/47k1fcM

OFFSHORE GUYANA

On March 11, 2019 Esso Exploration & Production Guyana Ltd (EEPGL) will commence a
Geophysical (Utilizing AUV technology) and Environmental Baseline survey within Stabroek
Block, of the Guyana’s Maritime Zone; same to conclude July 01, 2019.

This operation will incorporate the use of the undermentioned vessel that will display the
international signal for vessels engaged in such activities.

? R/V Fugro Brasilis

The Survey area is approximately eighty five (85) nautical miles from the Coast of Guyana
which covers an area of approximately five hundred and thirty square kilometers (530km2)
bounded by the following coordinates:
Point Latitude (N) Longitude (W) Remarks
1 08° 01'.225 057° 10'.137 WGS84 ( Zone 21)
2 07° 55'.332 056° 58'.484 WGS84 ( Zone 21)
3 07° 39'.853 057° 06'.352 WGS84 ( Zone 21)
4 07° 39'.852 057° 10'.128 WGS84 ( Zone 21)

"I imagine that is TOTAL giving it a 40% COS" No, Eco give 44% and 250m barrels...Total are more bullish!

We're due the following this month on Cooper, Sharon & Guy

"March 2019: Geological assessment and target assessment"

https://www.ecooilandgas.com/projects/namibia/cooper-license-pel-030/

https://www.ecooilandgas.com/projects/namibia/sharon-license-pel-033/

https://www.ecooilandgas.com/projects/namibia/guy-license-pel-034/

foggy100,

Answer : 96p

Shares in issue : 161,375,530
TSX closing price : CAD $1.68

Mcap on TSX = CAD $271,110,890

Exchange rate GBP/CAD $ = 1.75

TSX mcap in GBP = CAD $271,110,890 / 1.75 = £154,920,509

GBP SP = £154,920,509 / shares in issue(161,375,530) = 96p

I'd only buy into TLW if there was a change in the BoD. Resuming a dividend instead of paying off debt, or increasing Guyana exploration budget is a massive mistake. The old guys need to go at TLW!

Could Orinduik be a "bolt on" acquisition for Exxon, as they mentioned adding "bolt on" acquisitions in yesterday investor day Q&A(from ~3hrs 25m)? Just musing the thought., as would make complete sense for them, especially as Orinduik is shallower and is between Stabroek and onshore.

Yeh, I should've said from, but my time was from the start of Doug Leggate, from Bank of America Merrill Lynch(2nd mention today here!), question. He always asks Guyana based exploration questions at Hess and Exxon conference calls :-)

The 1140p unrisked valuation is "in addition" and doesnt include any Tertiary prospects(Jethro, drill 2 & Hammerhead)

On the subject of the Tertiary play being identified by Exxon as a new play; listen from 3hrs 26m 22s for comment on this :

https://globalmeet.webcasts.com/viewer/event.jsp?ei=1226483&tp_key=509163bb79

https://globalmeet.webcasts.com/viewer/event.jsp?ei=1226483&tp_key=509163bb79

Guyana from 1:32:30

https://corporate.exxonmobil.com/-/media/global/files/investor-relations/analyst-meetings/2019-exxonmobil-investor-day.pdf

https://www.sharesmagazine.co.uk/news/shares/eco-atlantic-targets-big-oil-discoveries-offshore-guyana

from 1m 50s

https://audioboom.com/posts/7181581-eco-atlantic-oil-gas-premier-african-minerals-and-john-meyer

From Berenberg today "The well will cost c$28m on a gross basis, c$4.2m net to Eco Atlantic."

Hope that is correct as ECO guided "at up to USD $7.6 million." in December for this drill

So $3.4m less, if correct.

Exactly Maverick. Last placing was a 28% premium to the SP and the AIM IPO price was increased by a similar amount due to demand.

As we'd hoped for in the first drill; drilling both zones. I wonder what the target is below?

" While the Jethro-Lobe is a Tertiary target, which we believe is similar to the Exxon Hammerhead discovery that appears to extend onto Orinduik, we will also drill down to test the Cretaceous section below Jethro."

Plus some comment from his blog today

Last week I met up with Gil Holzman, President and CEO and Colin Kinley, COO of Eco Atlantic Oil & Gas. There remains much excitement at the company and as it was only the day after the Tullow update at which, if possible, even more palpable board level enthusiasm and eagerness was displayed.

"With Tullow confirming two, likely three wells in its spring and summer drilling campaign at Orinduik, which I think should start at the end of May or beginning of June, investors can expect action on rig selection and firmed up dates before too long. With Exxon having made two more substantial discoveries only a few miles away, Eco are incredibly well placed with their 15% of Orinduik to gain and at 63p I consider the shares still outstandingly cheap on pretty much any metric."

https://www.malcysblog.com/

From 51m 30s

https://audioboom.com/posts/7177897-strategic-minerals-emmerson-predator-oil-gas-and-malcy