Member Info for robs12

Have put in for a chunk....will probably be scaled back massively...

Interesting. The JHI/ECO deal is not yet completed, the JHI shareholder vote to ratify it was only a couple of days ago, and the final court order to approve it is tomorrow. The drill (if real) not formally announced yet.

Did all the JHI shareholders know that this drill (if real) was happening, and if not, would they have voted differently? Highly likely that they did know, but a possibility that this could all unravel...?!

And how does this fit in...

"Westmount has entered into a Memorandum of Agreement with a JHI management shareholder, conditional upon closing of the Acquisition, to purchase for a nominal amount an additional 4,000,000 common shares in Eco (equivalent to 5,670,542 JHI shares) immediately upon closing of the Acquisition. These additional 4,000,000 common shares in Eco are bound by the lock-up provisions contained in the lock-up agreement entered into by JHI management shareholders and Eco. Subject to completion of that purchase and the closing of the Acquisition, Westmount will hold a total of 9,527,432 common shares in Eco. This holding includes the conversion of currently held JHI shares and warrants using the exchange ratio and formula outlined in the JHI Circular, the newly purchased 4,000,000 Eco shares, plus Westmount's existing holding in Eco of 1,500,000 common shares."

An MoA is usually legally binding I think, but the ECO acquisition is due to complete end Q3 (or before) and the drill by end July.

All a bit unusual.

Tomorrow will probably be quite exciting.

Added a good chunk yesterday. Don't think this news is properly factored into the price yet.

Let alone the potential sale (I'm hoping that won't happen...but likely to given such clear signalling, certainly well above the current SP).

Only put in for a small amount (£2K) and got 70% (£1.4K)

So I changed my mind and dug out the old spreadsheet and plugged in the latest production figures (December 2025). January figures should be released in the next next day or so.

Net production for PMG was 111 boepd.

That's their total oil and gas production (includes condensate) from their minor stakes in Vermillion's Netherlands gas fields.

That compares with 435 boepd in Dec 2023, and 182 boepd in Sept 2024 (when I stopped following so closely).

Other than that it's 3 windmills to add to their revenue.

Best of luck if you're thinking that is sustainable with TC taking £50K+ out of the company every month...and doing nothing.

The only chance of making anything here is if Serica actually drill Skerryvore (which PMG did nothing with for over 10 years....it was originally planned to be drilled in 2014 IIRC) and start producing...and subsequently pay out.

For those who can't do the sums (or be bothered to!) ...111 boepd is roughly 20MMscf of gas, or 6300 MW/month. You can get the latest (somewhat volatile) TTL price to work out roughly what revenue that might be generating - €54/MW today, which works out at €340K/month, or £295K. And production is decreasing month on month and the gas price artificially high in the short term due to the war.

Those windmills better be spinning fast!

From some of the posts here it appears that nobody has actually looked at how much gas is being produced in NL.

I'm not going to dig the old spreadsheet out but briefly:

Brakel - not produced for over a year

Diever fallen from 9.4m SM3 to 6.6m over the year (was 15m back in 2022!)

Geesbrug 718k down to 628k over the year (1.3m in 2022)

Grolloo 80k down to 25k over the year (330k at end 2022)

LDS-A - not produced for over a year

They're producing not very much at all....

Check for yourself here, freely available production info - https://www.nlog.nl/datacenter/prodfigures/fields?lang=en

The only hope is that Serica actually does something with Skerryvore.

Still hanging in here and good to see a bit of a tick up in recent weeks, albeit for all the wrong reasons...

I guess we just got a much larger stake in ECO!

"....and if JHI do decide to float JPDM could one way to ensure the quickest route to the market be via a reverse take over of WTE"

WTE themselves stated the possibility of that in a presentation some years ago.

Https://www.londonstockexchange.com/news-article/ECO/navitas-farms-in-to-jhi-s-north-falklands-licence/17408706

Lots of small trades (way more than normal) slowly pushing the price up.

Happy that it's going up (still some way to break even for me!) and even happier that there's good reason for it.

Significant news will make this leap - very tightly held as can be seen by the trades.

I'll go £15.77 please

Venezuela has been threatening to takeover the Essequibo region of Guyana for several years, and this escalated after oil was found.

In March 2024 Venezuela passed a law that designated Essequibo as a new state of Venezuela...over two thirds of Guyana...

The below is a recent (24 Dec) local Guyanese news article:

https://kaieteurnewsonline.com/2025/12/24/venezuela-threatens-regional-peace-guyana-tells-un-security-council/

Possibly related.

The wiki is worth a read too and gives a lot more history - it's not a new claim on Venezuela's part:

https://en.wikipedia.org/wiki/Guyana%E2%80%93Venezuela_crisis_(2023%E2%80%932024)

InJames...

I'm not sure why you are saying just get oil out of Hammerhead - that's Stabroek and Exxon's?

Do you mean drill an explo well close to Hammerhead-1 (i.e. Latuk?). Doing so in 60 days would be quite a feat, let alone 45...?

Anyway, we live in hope of things moving on at last rather than standing still!).

Yes spudz, that's just how I understand it...$55m may just about cover the costs of appraisals but very unlikely to be enough for an explo well or any further activity?

Either I'm misunderstanding or people are getting a little overexcited....hopefully the former...

If they actually go ahead with either option, the 'free carry' on Orinduik is capped at $11m (and that on Block 1 CBK at only $7.5m).

Neither sum is going to go very far at all, then more cash will be needed...?

Good news if it actually gets things moving, rather than nothing happening except paying the wages, but don't see it as a great deal at all.

They increased it to 7.35% in 2022. They still hold it - see the ECO website/projects/Guyana/Canje.

ECO bought a 6.4% stake in 2021, then proposed to buy out JHI in 2022. The deal was dropped in mid 2022. Think ECO still hold the stake.

It's £11K..that's not a large trade?

Looking hopeful that there may be some positive movement here.

I'm guessing the main shareholders are hopeful given what they have put in many years ago...there's a big vested interest in them being able to exit at a profit.

One needs to remember that there was a lot of interest in WTE some 5 years ago and the shareprice back then was a long way north of today. Probably a lot of relatively small holders burned badly, who if they held on the way down (more fool me...!) will be selling all the way up to previous levels to partially retrieve losses.

It's still definitely a highly risky play, but huge potential. I'm just going to hold for the same reasons I bought in a few years ago (+ the Falklands added in the meantime of course).

Https://www.bbc.co.uk/news/articles/cev2dylxv74o

???!!