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Heavy oil trading at $55.33 today, various types this is the lowest price I can find.

Shoukd have added this bit from the link - a shale gas project to be approved with legislative reform. We could be under starters orders in a month 👍

Recent developments in onshore shale gas exploration offer South Africa a blueprint for a better direction. On October 16, 2025, Minister of Mineral and Petroleum Resources Gwede Mantashe announced that a long-standing moratorium on shale gas exploration, imposed in 2011 amid objections from environmental activists to hydraulic fracking in the ecologically sensitive Karoo region, will be lifted as soon as new regulations are published later this month. These regulations, finalized by the minister, aim to address environmental and safety concerns, including water challenges in the semi-arid Karoo, providing a controlled framework that could influence similar reforms to the governance of offshore projects.

Https://energychamber.org/legislative-reform-and-community-engagement-keys-to-the-lock-on-south-african-oil-and-gas-exploration/

Give Exxon 100 million shares, withdraw from any value to Hammerhead. Take stake of 10% on 10 wells. Share hits £3 and gives Exxon 10 wells to drill with shares worth over $300 million.

Serica Energy bought assets from BP with shares and BP made a killing, what is wrong with this scenario?

Maybe not Exxon, though the issue of shares and 10% of a 10 well program, wouldn’t you have your hand snapped of for such a deal 🤔

Can someone tell me why this wouldn’t be a good proposition

News of Exxon being a partner in Ordinuik Block with drill date 😱, never seen a share go up 1000% in one day, that would be pulling a rabbit out the hat, yet anyone in Guyana would be good. Think we are clinging to the license with Jethro development though you never know.

Hope South Africa pull the finger out, could be a great end to the year or a bad one

Let’s hope the next 3 months, the news from Guyana is positive with Jethro etc because if it is this will dwarf the expectations on block 3B/4B.

The licence coming to a head in January makes news inevitable, this share will either shoot up to over £1 or down to 4p.

In the link, the find is estimated over 100 million barrels.

Why is Gil saying one billion.

Now that worries me 🤷🏻‍♀️

Well Gil said in the interview that discussions are ongoing and Jethro may well be approved as a find in the light of Hammerhead.

He also mentioned 2 month delays because of the government elections.

Agree with you redwineday and that is why the share is sat at 7.7p to buy.

News could arrive any day and change the fundamentals and that is the reason I am invested. Guyana news is imminent with the license expiring in January.

News on shell court proceedings is imminent and will reflect on Totalenergies stance in South Africa.

Gil seemed upbeat and appreciated investors frustrations, we will see as the answers to 3B/4B and Guyana are just around the corner.

Let’s hope that Gil’s positivity in his interview are reflected with the news to come.

When you go to bed after looking at ECO and wake up and remembering your dream that ECO was in partnership with EXXON, ECO handed EXXON 100 million shares in the company and had a 20% stake in Orinduik and Jethro was commercially viable and ECO was £3 a share which covered EXXONS £300 million to drill 10 wells in the Orinduik block.

Suppose some dreams can come true, had one about Middlesbrough winning the premiership 🤷🏻‍♀️, which reminds me I am singing and recording a song today called “You know who you are” about my team.

Happy Saturday everyone 😆👍

Https://www.bnamericas.com/en/news/hammerhead-may-fuel-guyana-heavy-oil-build-out

Https://www.investing.com/news/company-news/eco-atlantic-advances-oil-exploration-across-atlantic-margin-93CH-4303704

Spudz, I would suspect that if Eco was in such a position to have a partner like Exxon and that Jethro would be giving a drilling date as it is 1 billion barrels find of heavy oil like the Hammerhead is heavy oil although only 1/2 the size of Jethro, they would be in a good position for license extension negotiations with the Guyana Government.

If that was to happen in the coming months well this share will go into orbit.

With multiple targets and an estimated 8 billion barrels it makes sense for Exxon to move into the block next door before Chevron jumps in.

My last message:

In discussions with Exxon was in applicable’s e-mail response.

Re-assess of 1billion barrels of heavy oil in Jethro was in the interview with Gil.

Would the re-assessment with government as possible production find entitle an extension to the license?

Close discussions with Exxon, re-evaluation of Jethro

Well i did say an update would bode well.

He can see the shareholders frustration and he provided an update.

I am waiting to reap the rewards, one day, hopefully soon.

Basically Nothing as changed 😆

Speaking with Guyana government on the Jethro find which is 1 Billion barrels, did I hear that correctly 😃

Expects 2026 for South Africa government to get to grips with the approvals

Https://www.moneyweb.co.za/news/international/shell-appeals-south-african-court-ruling-halting-exploration/

Take your profits 3.45p close 🤷🏻‍♀️

Https://oilprice.com/Latest-Energy-News/World-News/BP-Confirms-Oil-and-Gas-Discovery-in-Namibias-Hottest-Offshore-Basin.amp.html