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That’s a bit of a jump 1.1/2p.

Triple jump would be nice to 45p 😁

The extension of Orinduik is great news, full block extension with exploration and appraisal well drill dates is major news.

Yes you would need a 1,000 wells to gain some decent cash yet you will have to build the Ark cos the amount of water would be incredible.

I hope it improves for investors and time will tell though at the moment it’s going what it usually does.

If ECO was to be bought out I would like to see Orinduik appraisal wells given the FID approval and the results of the 2 x drills in block 3B/4B. After that I might sell for £2.75 😁👍

Https://guyanaenergy.gy/conference/agenda

Vickram Bharrat is the Minister of Natural Resources for Guyana Speaks on day 2 (tomorrow) 9.20 (1.20pm UK time)

Think we will get news, comes when it comes though my expectations are at the conference.

The proposed LNG project in Durban—specifically the $3 billion LNG-to-power project backed by Vitol—is designed to incorporate both imported liquefied natural gas (LNG) and potential future domestic offshore gas.

Here are the key details regarding the capability of the Durban project:

Infrastructure Plan: The project aims to develop an LNG import terminal and a gas-fired power station at the Port of Durban.

Offshore Gas Potential: While the project will initially rely on imported LNG, it is designed to eventually integrate indigenous gas, which includes potential resources found offshore in the Indian Ocean.

Pipeline Integration: The project plans to use the Lilly gas pipeline, which connects to Durban, to distribute regasified LNG, with the ability to handle indigenous gas as it becomes available.

Strategic Purpose: The project is part of South Africa's effort to move away from coal-fired power and secure a stable energy source, with the potential to utilize domestic gas supplies from the region.

Ticking all the boxes, now to get the environment process clear and when that is done all Projects will be approved one by one.

How much Helium when - Produced over the equivalent of 250,000 barrels ("bbl") of water over a testing period of 20 days, with flow rates of up to an equivalent of 16,400 barrels per day ("bpd") - a six-fold increase in flow rate, compared with natural flow during the 2024 Extended Well Test ("EWT") · Sustained helium concentrations of 5.4% (air corrected) with a maximum concentration of 9.2% (air corrected) at surface · Sustained average measured gas water ratio ("GWR") readings of 0.06 m3/m3 (0.05 Sm3/Sm3 corrected for stp1) with a peak of 0.1 m3/m3 (0.08 Sm3/Sm3 corrected for stp1) during the continuous flow period -

Based on the data provided, the total helium produced over the testing period is approximately 107.32 standard cubic meters -

Based on 2023–2024 pricing data, 107.32 standard cubic meters of Grade-A helium is worth approximately $1,500 to $1,600 USD, assuming a base price of roughly $14 per cubic meter. 

Got excited, expecting one next few days on Orinduik 😁👍

Omg 😂😂

Don’t sell em Pike

Hi Wallact,

17th -20th Feb, Guyana Oil and gas conference am pretty confident news will land at this event as they have used the same event in previous years to announce contracts and extensions.

Thought this would be past 40p ready for news, it doesn’t matter if drills are delayed or not, the amount of game changers we have in our pocket is non existent with any other aim oil and gas co for multiple bagger.

I told lots of family and friends about this share and we discuss daily and nobody dare sell, it is an unfolding story, let’s hope we hit £2 at some point, that it is a life changer.

I always said 60p pre-drill block 3B/4B, yet that is equal to 200 million market cap, though the Billions to ECO for that one drill if they hit the 700 million barrels would make the market cap 7 times that amount. This was prior to Orinduik revival if you don’t mind me saying as I thought this was dead with licence lapsing.

Orinduik licence extension and drill dates for appraisal wells and exploration well added to the above though drill dates after South Africa, add the Seismics in progress in Namibia and a 10% award to ECO in Falklands after Navitas adjust the % with JHI after due diligence.

With that in place I would say £1 pre-drill.

We are in for some ride to come with this share, I do not see downside and if drill dates after is later than expected for Orinduik after maybe a few taken the profits the shares will be swept up.

Took me 2 weeks to get my shed load of these last April, I won’t sell as I think it will be harder to get any volume back.

One thing I worry about in all of this is Gil once mentioned selling on and I don’t want that to happen.

Estimated 4 billion barrels in block 3B/4B and 5.25% of that is worth a few billion $. Navitas will want to be involved and help pay part drilling and FID %.

Hold them shares for a few years, we only need a few successful drills and FID to see the $, or £’s

Https://x.com/robin25461631/status/2021654267107696824?s=48&t=WlBSle8fKgnAn4UpZXHpqQ

As I said I expect Orinduik update at the Guyana oil and Gas conference between the 17th - 20th Feb, may see the 40’s very soon 👍

Hi Red,

Now that will be good.

Any link to this timeline?

Cheers 👍

Obviously something similar happening in South Africa, at least Namibia just reduced the cabinet, South Africa well beat promise the judges 😂

Wow “invest in Africa” where are you with this one 🤦‍♂️

Yes did say Gil mentioned immediate work in one breath and 2027 in another, price sensitive, time will tell, hopefully next week. Long term no brainer here.

Sp movement today, last week before news in my view.

Think large investors know what is happening, Gil may have a drill rig up his sleeve, let’s hope so.

Once license is issued for Orinduik we should have timeline of drilling.

After the energy capital interview question as been raised on other forums.

Will we miss another years drilling and will the timeline mean drilling in 2027, additionally what rigs are available.

Interesting, would you sell on news of 2027 drill with other possible developments. 🤔

New blocks or extensions under new Guyana licences must give details of work program, drill dates, I expect an update between 17th - 20th February and the Guyana oil and Gas conference.

Energy Capital Interview:

States : immediate program in one paragraph and drilling in 2027 in another.

Hope 2027 is development drilling once appraisal wells and FID is confirmed.

Next week will be interesting with the next phase of investors waiting on the news.

Love the line of hundreds of million market cap to billion market cap.

300 million barrels minimum (appraisal wells) is 60 million barrels (20%) to ECO.

I read Exxon will make $24 a barrel on Hammerhead heavy oil after FID and all associated expenses. Well over a billion market cap on that alone.

Interesting the interview mentions another exploration drill, we know that specific billion barrel drill.

Gil also mentions potential with other large companies, so nothing is exclusive to Navitas on block 1 and Namibia blocks.

Think 2027 could also mean block 1 and Namibia drills.

The interview obviously leaves a bit for interpretation with Orinduik news being price sensitive and as I say imminent.

Keep holding this is going to keep going up, pre drill, drill, FID, development drilling, South Africa drills and Seismic interpretation on block 1 and Seismics in Namibia and anything can happen with Falklands and news on terms latest May.

Good luck all👍