Member Info for Phoebus

In their last but one holdings RNS they stated they had 4,773,357 shares left to sell. They dropped below the threshold since then and a huge sell has just gone through for 2,173,357 shares. Notice that both numbers end in 73,357. That's far too much of a coincidence IMO and I'm sure it must have been them. Given it's also not a round number of shares I reckon they've sold all their residual holding and are completely out.

Clarendon bought in last November taking 6.44% informing the market at 16.25p, sold down to 5.99% at 8.25p and 3.31% at 8.75p. Very odd they should buy in ahead of a four well campaign, but sell after 12 further wells are announced and sell out completely with 24 wells in the offing. Does not look very rational especially given their buy high sell at rock bottom approach. They have also been dumping at DELT too, so perhaps they need to sell for some reason.

I see this as excellent news for WTE investors as they have likely been an overhang on the SP for some time. 20p with three wells pending as opposed to 8p with up to 24 pending. Hmm. GLA

:D

on quote and deal. Some good solid dip buying today.

Moreover ADVFN is showing the 9 last trades as all buys and I believe it is accurate. Potty SP action.

Agreed. NAV soaring and SP is down. Is this a joke?

.

https://oilnow.gy/featured/guyana-suriname-basin-continues-to-manifest-hallmarks-of-prolific-hydrocarbon-province-westmount-energy/

Agreed Don. The prospects drilled so far on Kaieteur and Canje were selected over two years ago. Since then a huge amount of drilling has taken place within the basin resulting in a large number of discoveries both in Guyana and Suriname and a very different exploration picture. All of those discoveries are on blocks where either Exxon or Total are partners (Stabroek, Block 58, Block 52) and as a result our partners have a lot of new data they can use to re-calibrate their understanding of our licences and narrow down the search for successful targets. The fact Exxon has applied for authorization for up to 24 wells across the blocks indicates they like what they see. With such an outlook this drop looks like an excellent time to get in ahead of such an extensive drilling campaign. I have added quite a few today. GLA

Tanager was not a duster and nor were Joe and Jethro.

Hess indicates potential for 6 more FPSO's including Hammerhead. See page 12.
https://investors.hess.com/static-files/cd1529dc-ddd7-41b4-8c08-07f973fe8ceb

The timing of Hammerhead has changed more than once. I wonder whether this partly has something to do with squeezing the best deal out of TLW.

I definitely think there's more going on under the surface than we are aware of. It would not surprise me if Hammerhead factors into any farm in negotiations. If I remember correctly there is a potential extension on our block plus other targets on Orinduik which are very close to if not overlapping with part of Hammerhead, so it would certainly make sense for those developing Hammerhead to be very interested in our acreage.

Exxon are clearly moving in our direction with drilling of Fangtooth and there are a couple of other prospects nearby on Stabroek too. Results will not only alter TLW's view of our acreage, but those of Exxon and others too. The plates will shift when we least expect it. GLA

Yep.
https://www.epaguyana.org/epa/project-summary2/download/5-project-summary/770-canje-12-well-project-summary

Exxon's EPA doc highlights Jan 2022 for next Canje drill.

Well written piece IMO. Guyana and Suriname have been prolific so far and the oil map is getting ever clearer as more and more data comes in. Discoveries are getting closer to our acreage and at some point either TLW or an outside party will be pushed over the edge and drilling will go ahead on our Orinduik acreage, which looks to be in a fabulous location. Lots more wells to look forward to on Canje and Stena DrillMax now moves to drill Fangtooth with results in a couple of months. I'm more than happy to be holding here. GLA

.

LOL. I stopped at Feb 21. Thanks Celtics. I will wade through with Google Translate.

I second that. Would love to have a read. I've had a quick scan over the last few Ratio Petroleum news releases, but I can't see anything that looks like a CPR. My Hebrew is obviously not up to scratch.

Not announced yet Elgin. EPA application shows Jan 2022 as start of Canje 12 well campaign. They will recalibrate models and prioritize target selection based on all available data. We should also note that the applications for the 24 well campaign across Canje and Kaieteur were made after the Tanager, Bulletwood and Jabillo results, so if Exxon has decided to massively accelerate their exploration efforts on these blocks to the tune of what must be $1 billion or more gross, they must believe there is huge potential on Canje and Kaieteur despite the results so far.

Having looked at numerous maps of the Canje block, I have only seen three prospects identified, which are those drilled to date. However, we know from WTE's RNS statments that a CPR has already be produced for the licence which highlights that Canje contains 'more than a dozen prospects in the Canje portion of the Liza play fairway.' It is my undertanding that Sapote tested a different depsitional setting to Liza, which makes sense given it is separated from this area by acreage reliquished when the licence was renewed, so prospects in this area may or may not be in addition to this figure.

Clearly the Canje prospect maps have omitted the vast majority of targets on the licence. Once Exxon has determined the order of play for the next wells then we should get an updated map featuring the new prospects. This may seem strange if you're used to investing in small cap exploration stocks where every bit of info is shouted from the rooftops, but the big boys seem to keep their cards close to their chest like this and only reveal information to the market as it becomes pertinent. It should be noted that the Stabroek prospect maps are now littered with new fields which were not even shown on earlier prospect maps.

Looking at the overall picture I can't help but wonder if any of the new prospects will suddenly appear in the area of Canje to the south of Sapote as it appears to be directly in the golden lane that runs from Stabroek through Block 58 and on to Block 52. Exploration seems to be circling this area right now with the Kawa-1, Sapote-1 and Bonboni-1 stepouts reported or in progress and the Stabroek discoveries waddling ever closer with Cataback just announced. If they have a prospect mapped in this area, you would think it stood a great chance of being successful.

At the same time, as Noix suggests, any peceived lack of success outboard of Stabroek may encourage a bit more focus on acreage that is inboard, which leads us back to Orinduik. With Fantooth up next, the closest target to Orinduik at Cretaceous level or below, success there may make our acreage the next locical move.

It's a shame Sapote wasn't the result we wanted, but we have many more rolls of the dice in what is a staggering area. Give it time and I'm still certain we will do very well here. Have a great weekend all.

Perfect timing for ANR. Just need to get listed on the LSE.

I have to say, I thought today's WTE RNS was very well written and informative once again. I'm not surprised given Walsh has an 8.28% stake.