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And that's just for 3 prospects. How much for 12 prospects ... 13.2 BBOE? And on trend from Graff and Venus. Industry must be salivating.

The golden lane in one of the reasons I'm so keen on the JHI acquisition. If you look at the latest prospect area map of the Canje block it identifies 7 areas that contain prospects.

https://i.ibb.co/jGW1BLt/Canje-Pospect-Areas.jpg

From the latest Stabroek discoveries and prospects map we can see that two of these prospect areas are particularly interesting from a Golden Lane perspective. I have added them in red to the following map.

https://i.ibb.co/YdTJtSb/Canje-Golden-Lane-Prospect-Areas.jpg

Area 6 appears to be right next to the Golden Lane with one of the Stabroek prospects extending right to its edge.

Area 3 however, looks even more interesting as its southern section, which I have shown on the map, looks to be right in the Golden Lane. Notice that one of the Stabroek prospects actually straddles the licence boundary into our Canje Block. We don't have a name for the prospect yet, but given the rate Exxon is drilling exploration wells, we shouldn't have long to find out.

We were told in Monday's RNS that, 'Canje ... holds over three dozen prospects in four proven plays in the Lower Tertiary and Upper Cretaceous confined channels, Lower Cretaceous Carbonate structures and, with recent drilling of Sapote-1 well and Stabroek discoveries, now offers the opportunity of yet deeper horizons.'

https://investegate.co.uk/eco--atlantic--o--38-g--eco-/rns/strategic-acquisition-of-jhi/202203140700115876E/

That equates to an average of over 5 prospects per prospect area before adding the deeper horizons. How many of them are in these two areas? I really can't wait for the JHI deal to complete so we can get our first peek at the Canje CPR to find out. Gil and the BOD are no doubt well aware of its contents, and have decided to do the JHI deal.

If we look at the discoveries already made on Stabroek Block we can see that they overlap all over the place. The entire block is a veritable carpet of discoveries overlapping one another and stretching around 175km with scarcely a break. I find it hard to believe there won't be at least a couple of targets in the southern section of Area 3, which would put us with Canje drilling opportunities right in the Golden Lane.

The median discovery size on Stabroek is around 400 MMB, so assuming the same prospect size for the same play type, that would be 70 MMB recoverable net to ECO for a single discovery.

Things are starting to get extremely interesting for ECO. Well played Gil.

The golden lane in one of the reasons I'm so keen on the JHI acquisition. If you look at the latest prospect area map of the Canje block it identifies 7 areas that contain prospects.

https://i.ibb.co/jGW1BLt/Canje-Pospect-Areas.jpg

From the latest Stabroek discoveries and prospects map we can see that two of these prospect areas are particularly interesting from a Golden Lane perspective. I have added them in red to the following map.

https://i.ibb.co/YdTJtSb/Canje-Golden-Lane-Prospect-Areas.jpg

Area 6 appears to be right next to the Golden Lane with one of the Stabroek prospects extending right to its edge.

Area 3 however, looks even more interesting as its southern section, which I have shown on the map, looks to be right in the Golden Lane. Notice that one of the Stabroek prospects actually straddles the licence boundary into our Canje Block. We don't have a name for the prospect yet, but given the rate Exxon is drilling exploration wells, we shouldn't have long to find out.

We were told in Monday's RNS that, 'Canje ... holds over three dozen prospects in four proven plays in the Lower Tertiary and Upper Cretaceous confined channels, Lower Cretaceous Carbonate structures and, with recent drilling of Sapote-1 well and Stabroek discoveries, now offers the opportunity of yet deeper horizons.'

https://investegate.co.uk/eco--atlantic--o--38-g--eco-/rns/strategic-acquisition-of-jhi/202203140700115876E/

That equates to an average of over 5 prospects per prospect area before adding the deeper horizons. How many of them are in these two areas? I really can't wait for the JHI deal to complete so we can get our first peek at the Canje CPR to find out. Gil and the BOD are no doubt well aware of its contents, and have decided to do the JHI deal.

If we look at the discoveries already made on Stabroek Block we can see that they overlap all over the place. The entire block is a veritable carpet of discoveries overlapping one another and stretching around 175km with scarcely a break. I find it hard to believe there won't be at least a couple of targets in the southern section of Area 3, which would put us with Canje drilling opportunities right in the Golden Lane.

The median discovery size on Stabroek is around 400 MMB, so assuming the same prospect size for the same play type, that would be 70 MMB recoverable net to ECO for a single discovery.

Things are starting to get extremely interesting for ECO. Well played Gil.

Fernan, the CPRs are on the documents and circulars page towards the bottom.
https://www.ecooilandgas.com/investors/documents-circulars/

35.5p paid on TSX

For WTE, liquidity would improve dramatically, directly held assets would make share pricing more direct, the focus on Kaieteur would help distinguish if from ECO and increase its appeal to investors.

Excellent. If Ratio merged with WTE they could do a placing on the LSE as part of the merger, which would allow them to build up funds for drilling. ECO has far greater volume on the LSE than the TSX, so it's the way to go IMO. Ratio would also gain WTE's ECO shares, which would be worth over £8M even at just 100p, so depending on how the respective drill campaigns unfold, Ratio would have the optionality of either maintaining the stake to provide a wider portfolio footprint or selling to raise even more funds for Kaieteur drilling. Seems like a good deal.

That said, WTE's portfolio looks very nicely balanced right now with lots of exposure to Kaieteur drilling plus reasonable exposure to up to 5 drills across ECO's blocks. Joining with one of the Kaiteur stocks would certainly grow the business and distinguish them from ECO, but the portfolio upside would be less diversified.

Interesting. So there was a WTE-JHI cross-holding, but JHI decided to go with ECO. Great for us. I was wondering if Ratio or Cataleya should swallow up WTE. Obviously Cataleya could reverse into it giving them an LSE listing, or perhaps there is a mechanism by which Ratio could use it to add an LSE listing and thereby massively expand their investor exposure. Now is the time to do it, before drilling gets underway and while their stock price are low.

Should read 2022 Q4 to 2023 Q1.

Page 100 of today's CPR states the following regarding Block 3B/4B. '... drilling a well as early as the end of 2022 ...' '... a well planned to be drilled in early 2023.' Looks like things are about to get very busy indeed for ECO. Excellent.

This CPR only lists 3 prospects at present on 3B/4B, but if we look at the latest prospect map for the licence on ECO's website we can count at least 12 targets.

https://wp-ecooilandgas-2020.s3.eu-west-2.amazonaws.com/media/2022/02/Block-3B4B-for-website-851x1024.png

The CPR states they are planning to complete the reprocessing and merging of 3D datasets on this block, so it sounds like we may get an updated CPR to cover the additional prospectivity. The Graff and Venus results make this an extremely attractive block, so ECO and AOI should be giving it plenty of attention and industry eyes will be watching closely.

This CPR only lists 3 prospects at present on 3B/4B, but if we look at the latest prospect map for the licence on ECO's website we can count at least 12 targets.

https://wp-ecooilandgas-2020.s3.eu-west-2.amazonaws.com/media/2022/02/Block-3B4B-for-website-851x1024.png

The CPR states they are planning to complete the reprocessing and merging of 3D datasets on this block, so it sounds like we may get an updated CPR to cover the additional prospectivity. The Graff and Venus results make this an extremely attractive block, so ECO and AOI should be giving it plenty of attention and industry eyes will be watching closely.

With up to 5 company making drills in the 6-18 months I'm expecting the SP to rocket, so it should be an absolute doddle to raise any funds for drilling if required and dilution should be very minimal. I believe the last drills on Orinduik were in the order of $3-5M net to ECO. Absolute peanuts even at the current market cap. Moreover, any success on an early drill and this will effectively be completely moot anyway. We also have the option to farm down blocks for free carry if we choose to do so. So much optionality, so much upside.

I agree. ECO is looking splendid.

I agree. ECO is looking splendid.

Just checked for a Ratio news release on the TASE website. No update yet.

Nice £14K buy there.

It was all in the Jan 17 RNS. Stonking outlook at West Newton for UJO and RBD with their 16.7% and 56% interests in the project. GLA

https://investegate.co.uk/reabold-resources--rbd-/rns/west-newton-flow-rate-update/202201170700075606Y/

Geowiz filtered.