Member Info for Phoebus

I see. A spot of weekend reading then. Although drilling appears to still be ongoing, they will surely know at least the partial results given we are past the indicated drill time and the well is targeting a multi-layered prospect.

Doesn't appear to be any mention in Exxon Release and Stena website shows rig still on location at drill site, so I guess Sapote well result is not yet available. GLA

Great spot Soder. You're a champ.

Probably latecomers pulling their cash when their quick trade didn't work out. At lot of us have been here a long time and know exactly why we invested. Hopefully Sapote does the biz and gives us the news we've been waiting for, and if not we have plenty more rolls of the dice to look forward to. Best of luck everyone.

Aquis website shows 152617 shares purchased at 13p at 10:18:44 this morning. That's a big trade for ANR. I've also added a few. Can't be long until we get a date for the LSE IPO. Would be great if they could make the move before exploration results start to come in.

https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=ANR

Aquis website shows 152617 shares purchased at 13p at 10:18:44 this morning. That's a big trade for ANR. I've also added a few. Can't be long until we get a date for the LSE IPO. Would be great if they could make the move before exploration results start to come in.

https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=ANR

https://www.westmountenergy.com/download/2020-12-01%20Westmount%20Corporate%20Presentation./?wpdmdl=1062

https://investegate.co.uk/westmount-energy-ld--wte-/rns/commencement-of-drilling-operations-at-jabillo-1/202103090700065614R/

https://investegate.co.uk/westmount-energy-ld--wte-/rns/final-results---notice-of-agm/202010300700096941D/

Hi Keith. Canje is not the easiest licence to find info on, but take a look at WTE's 2020-10-30 finals RNS. WTE has a 1.26% stake in Canje.

'As previously reported, JHI is a private, Ontario-registered, company established in 2014 and focused on oil exploration opportunities in the emerging Guyana-Suriname Basin. The company's main asset is a 17.5% carried interest in the Canje Block covering over 4,800 square kilometres, offshore Guyana. This block is located adjacent to and in the same geologic basin as the Stabroek Block which has delivered eighteen substantial oil discoveries since 2015, with reported discovered recoverable resources of approximately 9 billion oil-equivalent barrels to date.'

'ExxonMobil, which is the operator of both blocks, acquired in excess of 6,100 km2 of 3D seismic on the Canje Block in 2016. Subsequent processing and interpretation of this dataset has been used to define a substantial prospect inventory on the Block with three prospects (Bulletwood, Jabillo, and Sapote) high-graded as potential targets for the initial drilling campaign. A 2018 DeGoyler McNaughton Competent Persons Report on the Canje Block remains unpublished. However, the block is reported by JHI2 to contain more than a dozen prospects in the Canje portion of the Liza play fairway, representing more than 10 billion barrels of prospective recoverable oil resources, with a number of the prospects exhibiting the same DHI (Direct Hydrocarbon Indicator) characteristics as the neighbouring Stabroek discoveries. As a result of a 2018 farm-out to Total, JHI is carried for the drilling of up to four wells and is funded for the drilling of additional wells.'

Some adjustment needs to be made for the Bulletwood and Jabillo results. I have Bulletwood down as 500 MMB and Jabillo as 1.2 BB and subtracting that from the quoted 10BB figure for the whole licence gives a minimum figure of 8.3 BB yet to be drilled including Sapote. As you indicated ECO's 1.75% of that equates to 145 MMB recoverable.

Not sure where I got the 1.2BB figure for Jabillo but page 10 of WTE's Dec 2020 presentation has Bulletwood at roughly 500 MMB and Jabillo at 1000 MMB and this Jabillo figure is confirmed in their 2021-03-09 spud RNS. As a result the actual figure looks to be slightly higher at 8.5 BB or 149 MMB net recoverable to ECO for remaining drill targets on Canje including Sapote.

Also, I'm not sure Bulletwood is a complete right off. If it is a sub commercial discovery as per Tanager-1, that might change if other fields are discovered close by, though obviously it would be a lot less than 500 MMB.

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Surprised we're not a bit higher after that RNS.

Ask moved to 9.2p.

Ask moved to 9.2p.

Confirmation article just out quoting today's Hess update.

'...Stena Drillmax left the Stabroek Block following the completion of the Whiptail-1 well and will return in the fourth quarter to drill the Fangtooth prospect.'

Stena DrillMax is drilling Sapote-1 at present so Fangtooth-1 will follow that.

https://demerarawaves.com/2021/10/27/fangtooth-is-next-drill-prospect-in-the-stabroek-block/
https://www.businesswire.com/news/home/20211027005241/en/Hess-Reports-Estimated-Results-for-the-Third-Quarter-of-2021

Only a month and a half or so to spud. GLA

Only a month and a half or so to spud. GLA

And there goes that fabulous electronic order book again, dropping it back on next to nowt.

Me neither. I've scoured the internet but found nothing. Would be nice to know.

Have you managed to locate the Beebei-Potaro prospect yet?

Fangtooth is for drilling in Q4 and it looks like it should be up next.

https://oilnow.gy/featured/pinktail-tripletail-cataback-and-fangtooth-exploration-soars-at-hottest-new-basin/

Matt, ignore the NAV in the interims. It was only correct at that moment in time and is effectively the value of their crypto portfolio which fluctuates rapidly. Unfortunately June coincided with a major low across the sector so the interim figure gives completely the wrong impression.